Additive Manufacturing with Metal Powders Market Size By Manufacturing Technique (Powder Bed {Direct Metal Laser Sintering, Selective Laser Melting, Electron Beam Melting}, Blown Powder {Direct Metal Deposition, Laser Engineering Net Shapes}), By Material (Alloy {Titanium [Ti6Al4V, Ti6Al4V (ELI)], Cobalt [CoCr, CoCrWC, CoCrMo], Copper [C18150, CuCr1Zr, CuNi2SiCr], Nickel [Inconel 625, Inconel 718, Hastelloy X], Aluminum [ALSi12, ALSi7Mg, ALSi10Mg, AL6061], Aluminum Nitride, Aluminum Oxide, Magnesium, Molybdenum, Zirconium, Zirconium Dioxide, Silicon Carbide, Tungsten, Tungsten Carbide, Stainless Steel {Austenitic Steel, Martensitic Steel, Duplex Steel, Ferritic Steel}, Other Steel {High Speed Steel, Tool Steel, Low Alloy Steel}, Precious Metal, By Application (Aerospace, Automotive, Medical, Oil & Gas, Energy [Nuclear, Renewable]) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, India, South Korea, Australia, Taiwan, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2030

Published Date: Mar 2021  |  Report ID: GMI1783  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 1000   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global additive manufacturing with metal powders market size exceeded USD 340 million in 2020 and is estimated to grow at a CAGR of 21.5% between 2021 and 2030 owing to rapid urbanization which has led to increased use of vehicles boosting demand for petroleum products.
 

Additive manufacturing is also known as 3D printing in industrial terms. The process creates three dimensional objects by material deposition in layers and is computer controlled. It involves different technologies and materials for production of customized parts with almost similar material property to conventionally manufactured parts. The production process does not require cutting tools, fixtures and coolants. Strong and positive application of the product in aerospace, automotive, oil and gas and medical sector should boost the additive manufacturing with metal powders market growth.
 

Additive Manufacturing with Metal Powders Market Overview

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In 2020, powder bed manufacturing technique was estimated to be over USD 290 million which represents ample opportunity for product market growth in the forecasted time period. Powder bed and blown powder techniques are commonly used in additive manufacturing with metal powders market. The powder bed manufacturing process further involves selective laser technique, direct metal laser sintering and electron beam melting. Direct metal laser technique sintering is a manufacturing process that is used in additive manufacturing metal fabrication technology.
 

Strong application of the product is in manufacturing of thermal control systems and functional prototyping which should foster the market. These techniques have cheap production cost and have a wide range of material selection for the process. The un-melted powder material over previous layer can be reused which saves production cost.
 

Additive Manufacturing with Metal Powders Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:344.361 Million (USD)
Forecast Period:2021 to 2030
Forecast Period 2021 to 2030 CAGR:21.8%
2030 Value Projection:2066.295 Million (USD)
Historical Data for:2016 to 2030
No. of Pages:1,000
Tables, Charts & Figures:2,028
Segments covered:Manufacturing technique, Material, Application
Growth Drivers:
  • North America: Technological advancements in medicine industry
  • Europe: Enhanced application scope in automotive and aerospace sector
  • Asia Pacific: Government initiatives to enhance additive manufacturing technology
  • MEA: Replacement of conventional technology in oil & gas exploration and production activities
Pitfalls & Challenges:
  • Technological limitation
  • Intellectual property issues

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Rising demand for silicon carbide for high endurance application should drive product demand

  Additive Manufacturing with Metal Powders Market by Silicon Carbide Material

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Silicon carbide material surpassed USD 0.019 million in 2020 and should register significant gains in the forecasted period. The product is widely used in sintered to form hard ceramic that has application in car brakes, car clutches and ceramic plates of bulletproof vest. The increase in defence and homeland security budget should drive bullet proof sector. Rising demand for light weight bullet proof vest from defence should further augment the additive manufacturing with metal powders market share.
 

The silicon carbide is made of silicon and carbon which offers heat resistant, chemical resistance, abrasion resistance and is extremely hard. Also, the product is used in glass casting, glass fusing and firing ceramics. Furthermore, the product offers light weight and density to manufactured products with high thermal stability which should augment product demand from automotive industry. Rising product utilization in defence industry for missile control systems should accelerate additive manufacturing with metal powders market sales.
 

Growing product utilization in medical industry for production of implants and devices should augment additive manufacturing market growth

Additive Manufacturing with Metal Powders Market by Medical Applications

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Medical applications should surpass USD 390 million by 2030. The product is used in production of devices and dental implants with different techniques including stereolithography and electronic beam melting. Additive manufacturing helps the production of these devices in lesser time and cost. Medical devices such as dental restoration including crown and external prosthetics are manufactured which should raise the additive manufacturing with metal powders market demand.
 

Additive manufacturing is gaining popularity in medical sector as it is easier to make changes in the designs without additional cost. It also enables manufacturers for creating customised designs as per patient’s anatomy and devices with complex interior structures. These capabilities of additive manufacturing as well as rising demand for digital dentistry solutions from medical sector should raise the additive manufacturing with metal powders market growth in the projected time period.
 

Increasing concern for dental implants in North America region should accelerate market growth

Additive Manufacturing with Metal Powders Market by Region

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North America should register gains of over USD 765 million by the end of 2030. The region is witnessing rising demand for dental implants from medical industry. Growing health concern in ageing population along with strong regulatory regime regarding medical device in the region represents ample growth opportunities for the additive manufacturing with metal powders industry.
 

Rising company adoption for additive manufacturing to gain competitive advantage and achieve design freedom should accelerate product market growth in the region. The rapidly rising automotive and construction industry in the region should boost product demand in the region. Furthermore, growing pharmaceutical and healthcare industry should further augment additive manufacturing with metal powders market revenue. 
 

Strategic acquisition is the primary business strategy adopted by manufacturers

Additive manufacturing with metal powder industry is fragmented and includes market players such as 3D System Corp, Additive Industries, SLM Solutions Group AG, Stratasys Ltd., Airbus SE, AP Works, The ExOne Company and Fonon Technologies. Companies are focusing on strategic acquisitions to expand production capacity and distribution network.
 

3D System Corp has introduced high speed fusion 3D printing system in February 2021 for aerospace and automotive market application. The printing speed is three time faster than current industrial systems which are expected to raise the additive manufacturing with metal powder demand.
 

In November 2020, Additive Industry announced new flagship model 3D metal printer meatfab-600. It is built on a platform that allows further expansion of productivity and builds volume in the future which shows opportunity for the business market growth in coming years.
 

Global additive manufacturing with metal powders market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Tons) and revenue in USD million from 2016 to 2030 for the following segments:

By Manufacturing Technique

  • Powder Bed 
    • Direct Metal Laser Sintering
    • Selective Laser Melting
    • Electron Beam Melting
  • Blown Powder 
    • Direct Metal Deposition
    • Laser Engineering Net Shapes
  • Others

By Material

  • Alloy 
    • Titanium
      • Ti6A14V
      • Ti6A14V (ELI)
      • Others 
  • Copper
    • C18150
    • CuCr1Zr
    • CuNi2SiCr 
  • Cobalt
    • CoCr
    • CoCrWC
    • CoCrMo
  • Nickel 
    • Inconel 625
    • Inconel 718
    • Hastelloy X
  • Aluminum 
    • ALSi12
    • ALSi7MG
    • ALSi10MG
    • AL6061
    • Others
  • Aluminum Nitride
  • Aluminum Oxide
  • Magnesium
  • Molybdenum
  • Zirconium
  • Zirconium Dioxide
  • Silicon Carbide
  • Tungsten
  • Tungsten Carbide
  • Stainless Steel 
    • Austenitic Steel
    • Martensitic Steel
    • Duplex Steel
    • Ferritic Steel
  • Other Steel 
    • High Speed Steel
    • Tool Steel
    • Low Alloy Steel
  • Precious Metal

By Application

  • Aerospace
  • Automotive
  • Medical
  • Oil and gas
  • Energy 
    • Nuclear
    • Renewable
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The market share for additive manufacturing with metal powders reached USD 340 million in 2020 in terms of revenue and is poised to grow at a CAGR of 21.5% through 2030 owing to rapid urbanization and higher demand for petroleum products.
The silicon carbide material segment recorded a revenue share of over USD 0.019 million in 2020 and will register significant gains in the coming years with increasing adoption in sintered to form hard ceramic applications.
The overall market share from medical applications is expected to reach USD 390 million by 2030 driven by the increasing usage of the product in the manufacturing of devices and dental implants.
North America is pegged to record gains close to USD 765 million for additive manufacturing with metal powders through 2030 due to the rising demand for dental implants in the medical sector across the region.

Premium Report Details

  • Published Date: Mar 2021
  • Pages: 1000
  • Tables: 1946
  • Charts / Figures: 82
  • Companies covered: 60
  • Countries covered: 21

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