The report “3D Printing Metals Market by Form (Powder, Filament), Technology (Pbf, Ded, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental), Region – Global Forecast to 2027″ size is expected to grow from USD 1,800.2 million in 2022 to USD 5,542.7 million by 2027, at a CAGR of 32.5% during the forecast period. 3D printing metal is being used in the aerospace & defense, automotive, medical & dental and other end-use industries. The growth of this market can be attributed to the increasing demand for 3D printed metals from aerospace & defense and automotive end-use industries.
• 136 Market data Tables
• 35 Figures
• 185 Pages and in-depth TOC on “3D Printing Metals Market – Global Forecast to 2027″
Some of the prominent key players are:
· 3D Systems Corporation (US)
· Stratasys Ltd. (US)
· Renishaw plc (UK)
· General Electric Company (US)
· Carpenter Technology Corporation (US)
· Materialise NV (Belgium)
Recent Developments :
• In November 2019, Renishaw plc collaborated with Sandvik Additive Manufacturing to qualify new additive manufacturing (AM) materials for production applications. These materials include a range of metal powders and new alloy compositions that can be optimized for the laser powder bed fusion (LPBF) process and superior material properties. With this collaboration, Renishaw plc developed new metal materials for 3D printing.
• In October 2019, GE Additive entered into a five-year cooperative research and development agreement (CRADA) with the US Department of Energy’s Oak Ridge National Laboratory (ORNL). The agreement was focused on the processes, materials, and software to increase customer adaptability towards additive manufacturing from conventional manufacturing.
• In July 2019, 3D Systems Corporation was awarded a contract worth USD 15 million from the Combat Capabilities Development Command Army Research Laboratory (ARL), to create the world’s largest, fastest, and precise 3D printer. This contract will increase the consumption of 3D printed metal parts & components in the aerospace and defense industry. The contract helped the company increase its product portfolio.
Aluminium segment accounts for the second-largest market share in the global 3D printing metal market
Aluminum is one of the lightweight, strong, and electrically and thermally conductive materials, which makes it appropriate for outdoor applications such as door handle, window frames, and automotive door frames. It is also cost-effective and thus is used in the manufacturing of mechanical parts, tools and fixtures, bike and drone accessories, and structural components. Aluminum is used to manufacture engine parts and components in the automotive industry to reduce the overall weight of vehicles. The growth of the aluminum segment can be attributed to its physical and mechanical properties and its easy availability.
North America holds the largest market share in the 3D printing metal market
The 3D printing metals market in North America is driven by increasing demand for high-performance metals, growing applications of 3D printed metal parts, and substantial adoption and manufacturing of products based on 3D printing technology. Aerospace & defense and automotive are major end-use industries of the market in this region. The demand for high strength and lightweight parts in the aerospace & defense industry and production of electric vehicles increased the consumption of 3D printed metal parts.