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, Cobalt, Copper, Nickel, Aluminum}, 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), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI1783  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 747   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Technological advancements in additive manufacturing with metal powders will customize complex manufacturing designs

Additive Manufacturing with Metal Powders Market size exceeded USD 0.30 billion in 2018 and is estimated to grow at over 23% CAGR between 2019 and 2026.
 

Additive Manufacturing with Metal Powders Market

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Additive manufacturing (AM) comprises of a family of different technologies that build up parts by adding materials layer by layer at a time on a digital 3D solid model. It allows design optimization and produces customized parts on-demand with almost similar material properties with conventional manufactured parts. It does not require the use of fixtures, coolants, cutting tools and other assisting resources. As industrial sector is majorly dependent on the energy sector, adoption of additive manufacturing with metal powders will enable them to conserve energy and cut down streaming costs.
 

Additive manufacturing with metal powders has enabled designs with novel geometries which can improve a component’s engineering and cost performance. Another technological benefit awarded by the additive manufacturing with metal powders is part consolidation. It offers the agility to design and fewer and simpler part components instead of a larger number. Additive manufacturing with metal powders also enhances the manufacturability at the subsystem level. For instance, it lowers the amount of time and labor required to assemble a part.
 

Increasing engineering and procurement activities has led to development of smart designs which offer less production time and cost in multiple industrial applications. Impellers used in wells move oil to surface can be manufactured in 10 days using additives manufacturing with metal powders, whereas from conventional methods, it takes up to 3 months. Market growth of additive manufacturing with metal powders is attributed by its advantages including reduced time and low-cost advantage.
 

Automotive industry is a major end-user of rapid prototyping equipment. The global revenue for automotive suppliers was pitched at USD 12 billion in the year 2017, which offers lucrative market opportunities for manufacturers. It offers multiple functions such as concept modeling, functional testing, rapid manufacturing and production planning. Market size is likely to boost Additive manufacturing with metal powders is currently employed for the use of non-safety relevant components due to limited reliability. However, manufacturers are extending boundaries of the build envelopes to encompass production of larger part components.
 

Additive Manufacturing with Metal Powders Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 358.6 Million
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 23.1% 2026 Value Projection: USD 1,847.8 Million
Pages: 747 Tables, Charts & Figures: 1191
Geographies covered (23): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Taiwan, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia
Segments covered: Technology, Material, Application, Region
Companies covered (60): 3D Systems Corporation, Additive Industries, Advanced Powder & Coatings, Inc., Aubert & Duval S.A, Aerojet Rocketdyne, Airbus SE, Allegheny Technologies (ATI), AS America, Inc., APWorks, Arcam AB, BeAm, Bright Laser Technologies (BLT), Carpenter Technologies Corp., Cerevo, Inc., Concept Laser, Constellium, Cookson Precious Metals Ltd., DanaMed, EOS GmbH, Equispheres, Inc., ExOne, Fabrisonic LLC, Farsoon Technologies, Fonon Technologies, GE Additive, Grismont Paris, H.C. Starck, Hilderbrand & Cie SA, Hoeganaes Corporation, Insstek GmbH, Legor Group S.p.A, LPW Technology Ltd., Materialise NV, Matsuura Machinery Corporation, Metalysis Ltd., MTU Aero Engines, The NanoSteel Company, Inc., Optomec, Inc., Phenix Systems, Plunkett Associates, Pratt & Whitney, Praxair Surface Technologies, Progold S.p.A., Puris (Carpenter Technology Corporation), PyroGenesis Canada, Inc., ReaLizer GmbH, Renishaw PLC, Sandvik Group, STELIA Aerospace, Shaanxi Hengtong Intelligent Machine Co., Ltd, Sigma Labs, Inc., SLM Solutions, The Metal Powder Company Ltd. (MEPCO), Tronrud Engineering, Trumpf, Turbomeca, Hoganas AB, XJet, Stratasys and VDM Metals GmbH
Growth Drivers:
  • Asia Pacific: Government initiatives to adopt additive manufacturing technology has attracted lucrative opportunities for investors
  • Europe: Ease in complex part components manufacturing will augment growth from automotive and aerospace segments
  • North America: Technological advancements in medicine industry for faster manufacturing should bolster market growth
Pitfalls & Challenges:
  • Technological limitations such as smaller build envelopes and lack of consistencies in manufactured products obstructs market growth

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Powder bed technique emerge as leading additive manufacturing with metal powders technology

The market segmentation by manufacturing techniques includes powder bed, blown powder and others. Powder bed technique captured a significant market share in 2018 due to its versatility in terms of material processing. Powder bed fusion method use either an electron or laser beam to melt and fuse material powder together. The market growth is driven by the effective utilization of this technique into automotive and aerospace industries. Benefits such as cheaper production cost and broad range of material selection has given a growth advantage to this segment.
 

Direct Metal Laser Sintering (DMLS) is a type of powder bed technique which is used in additive manufacturing metal fabrication technology. Market growth is likely to grow due to its efficiency and time-saving attributes in the production of complex components, functional prototyping and thermal control systems.
 

Corrosion resistance attribute to drive stainless-steel utilization in additive manufacturing with metal powders market

Global Additive Manufacturing with Metal Powders Market Size from Stainless Steel 2018 & 2026 (USD Million)

Global Additive Manufacturing with Metal Powders Market Size from Stainless Steel 2018 & 2026 (USD Million)

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The market segmentation has been analyzed on the basis of materials such as alloys, stainless steel, other steel and precious metal. Stainless steel material garnered maximum market share in 2018 owing to its high mechanical and superior corrosion resistance properties. Additionally, resistance to higher temperatures enhances its market size in thermal applications. Aforementioned feature makes it a highly valuable substrate in automotive, industrial and biomedical industries.
 

Availability of stainless steel in forms such as austenitic, martensitic, duplex and ferritic steel offered larger market opportunities and wider consumer base. Austenitic stainless steel has various properties such as ductility and lower costs which enhances its market growth. Overall industry growth is attributed to high penetration of duplex steel in chemical & petrochemical marine construction, pulp and paper and power generation industries owing to its comparatively high tensile strength and mechanical properties.
 

Rising foreign direct investments in industrial sector will boost Asia Pacific additive manufacturing with metal powders market

APAC Additive Manufacturing with Metal Powders Market by Material, 2018 (USD Million)
APAC Additive Manufacturing with Metal Powders Market by Material, 2018 (USD Million)

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As per industry analysis, regional market growth is attributed to rapid industrialization supported by developing manufacturing industry. Heavy influx of foreign direct investments in industrial and services sector pose lucrative market opportunities for manufacturing players present in the Asia Pacific region.  Presence of companies expanding their manufacturing base mainly in China and India will positively favor regional industry growth. High usage of additive manufacturing in the production of small custom parts and tool prototypes in automotive and aerospace sector will compel Asian manufactures to adopt in their production processes.  Apart from this, additive manufacturing with metal powders industry growth is supported by growing middle class population and increasing purchasing power parity in the region.
 

Market demand is attributed towards increasing utilization of aluminum alloys for the construction of lightweight components in the automotive and aerospace industries. Additive manufacturing with metal powders enables to save voluminous use of these materials and also helps reduce weight. For instance, aircraft light weighting is a critical strategy to cut down additional costs of fuel during operation. a 100 kg reduction in the weight of an aircraft saves nearly 15 billion British Thermal Units (BTUs) of fuel. Lower costs production technology is essential for the industry growth in middle income countries like India, Malaysia and Thailand.
 

In 2015, China started constructing its first National 3D Printing Lab. The Chinese government made an agreement with Hunan Farsoon Hi-tech Co. Ltd. to construct and manage a national engineering laboratory for 3D printing. Apart from China, Japan is also making progressive developments in this sector. In 2014, Japanese government made an alliance with 27 companies to invest in 3D printing technology and revive its manufacturing sector share.
 

Technological advancements have triggered cutthroat competition among the additive manufacturing with metal powders players

The global additive manufacturing with metal powders market competition is limited to the multinational companies due to the high investment costs involved in the 3D metal printing technology. Key market players operating in additive manufacturing with metal powders industry includes EOS, Arcam, Concept Laser, 3D systems, Trumpf, Renishaw, Realizer, Optomec, Matsuura Machinery and ExOne. Other industry participants include Ping, Phenix Systems, Plunkett Associates, Pratt & Whitney, Progold MTU, Metalysis, GE, and Puris.
 

As per market analysis, growing demand for additive manufacturing with metal powders has led to increase in strategic alliance including acquisitions and mergers between companies. Major market leaders are also engaged in partnerships and collaborations to consolidate and to enhance their regional presence and market shares along with catering product demand. Key market players are also focusing to offer customized products by developing patented technologies. In January 2017, Legor Group Spa launched silver 930 alloy named Silnova, which is a patent pending alloy for providing high tarnish resistance.
 

The additive manufacturing from metal powders market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2015 to 2026, for the following segments:

Market Analysis By Technology

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

Market Forecast By Material

  • Alloy
    • Titanium
    • Cobalt
    • Copper
    • Nickel
    • Aluminium
  • Stainless Steel
    • Austenitic Steel
    • Martensitic Steel
    • Duplex Steel
    • Ferritic Steel
  • Other Steel
    • High Speed Steel
    • Tool Steel
    • Low Alloy Steel
  • Precious Metal

Market Analysis By Application

  • Aerospace
  • Automotive
  • Medical
  • Oil & Gas
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Taiwan
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • UAE
    • South Africa

Frequently Asked Questions (FAQ) :

Additive manufacturing (AM) comprises of a family of different technologies that build up parts by adding materials layer by layer at a time on a digital 3D solid model.
Stainless steel material is gaining maximum market share owing to its high mechanical and superior corrosion resistance along with resistance to higher temperatures properties, says a GMI report.
The regional market growth is attributed to rapid industrialization supported by developing manufacturing industry. Heavy influx of foreign direct investments in industrial and services sector pose lucrative market opportunities for manufacturing players present in the Asia Pacific region.

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