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, CoCr WC, CoCr Mo], Copper [C18150, CuCr1Zr, CuNi2SiCr], Nickel[Inconel 625, Inconel 718, Hastelloy X], Aluminum [ALSi12, ALSi7Mg, ALSi10Mg,], 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, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI1783  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 1010   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Additive manufacturing with metal powders market size to surpass $360 Million, in 2019 and is estimated to grow over 18% CAGR between 2020 and 2026. Rising demand for low weight, easy to produce and durable components manufacturing will propel the industry growth.
 

Additive manufacturing is an industrial version for 3D printing technologies that build 3D objects through, 3D modelling software, layering material, machine equipment and layering material. It is widely used for producing preproduction visualization models. Currently, 3D printing is used to fabricate end use products in dental restorations, automobiles, aerospace, medical implants and fashion products.
 

Additive Manufacturing with Metal Powders Market Outlook

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Increasing government initiatives in China to develop national 3D printing lab is likely to boost 3D printing thereby stimulating industry growth. Cobalt, Titanium, nickel, copper, stainless steel and aluminum powders are used in DMLS, EBM, SLM, LENS and DND manufacturing techniques. Positive application outlook in aerospace, automotive, medical and oil & gas industries should drive the additive manufacturing with metal powders market.
 

Quality of products from consumer goods, oil & gas and automotive industries are a matter of concern when produced through additive manufacturing technology. Depending on layer thickness, additively manufactured metal object could have a rough surface, which may lead to additional post-processing to assure surface quality. Dimensional accuracy and lack of polish are also problems associated with the quality of finished products. Thus, hindering the additive manufacturing with metal powders market demand.
 

However, companies are investing in new technological developments and production capacity expansions to enhance their product portfolio. For instance, Farsoon Technologies launched Continuous Additive Manufacturing Solution (CAMS) concept in October 2017. CAMS is aimed to provide additive manufacturing through modularization and vertical stability. It is developed to meet the increasing demand of additive industry into industry scale manufacturing and models of production such as Industry 4.0.
 

Coronavirus spread has led to travel ban and shutdown of manufacturing units, offices & marketplaces. Owing to imposition of such measures has resulted in value chain disruptions throughout the globe. This has impacted the supply of raw materials used for manufacturing additive manufacturing metal powders. The pandemic has led to global lockdown of manufacturing plants which may hamper additive manufacturing with metal powders market expansion.
 

Additive Manufacturing with Metal Powders Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 366.017 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 18.1% 2026 Value Projection: 973.928 Million (USD)
Pages: 1010 Tables, Charts & Figures: 2022
Geographies covered (22): 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
Segments covered: Manufacturing technique, Material, Application
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:
  • 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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Persuading benefits offered by blown powder manufacturing technique will boost business growth

  Additive Manufacturing with Metal Powders Market from Blown Powder

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Blown powder manufacturing technique is estimated to witness significant gains over 22% by the end of 2026. Blown powder technique can be used in both freeform & cladding manufacturing. It is predominantly recognized as a laser-based additive manufacturing owing to its complex chemical metallurgical nature and nonequilibrium physical.
 

This technology involves a lens, a powder delivery nozzle, focused laser beam, feedback sensor along with supply for inert gas. Metallurgical cladding with base material along with absence of undercutting are other features of this process will drive the additive manufacturing with metal powders market trends.
 

Direct Metal Deposition and Laser Engineering Net Shapes are different techniques involved in blown powder process. These techniques are used to repair or add volume to pre-existing metal objects and manufacture new objects. Larger objects can be produced from LENS and DMD techniques, thus enhancing technology demand in aerospace sector.
 

Booming automotive demand will stimulate the additive manufacturing with metal powders market growth

  Additive Manufacturing with Metal Powders Market from Automotive Application

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Automotive applications are anticipated to reach over USD 240 million by 2026. Additive manufacturing is used in automotive sector for rapid prototyping and auto parts production owing to reducing C02 emissions, design freedom and lightweight & energy efficient components. Increasing AM demand for enhancement of overall vehicle performance along with growing light vehicles requirement for lower carbon footprints will boost the additive manufacturing with metal powders market demand.
 

For instance, in 2018, HP launched Metal Jet 3D printing technology and Production Service. The technology utilizes MIM powder bed and the HP Binding Agent – a water-based liquid agent. Volkswagen had announced to use Metal HP Jet to produce high performance functional parts including gearshift knobs. This will have a positive impact on Additive manufacturing with metal powders market growth.
 

Growing product utilization by European manufacturing sector will stimulate product demand

Additive Manufacturing with Metal Powders Market by Region

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Europe is estimated to witness significant gains over 20% through 2026. Directive (EU) 2015/719 by EU commission on minimizing vehicular weight to improve fuel efficiency and emission control should drive the additive manufacturing with metal powders market. EU automotive sector accounts for over 4% of their GDP, being a major automobile production region will have positive impact for 3D printing and additive manufacturing demand.
 

Advancements in 3D printing technology has opened avenues for latest designs, lighter, cleaner, & safer products along with shorter lead time & cost should propel the regional additive manufacturing with metal powders market.
 

Presence of major industry players in Europe including Air Bus, Mercedes, Audi, BMW and Volkswagen which uses additive manufacturing in production of small and complex parts. Aerospace firms are using these technologies to minimize costs for developing models and prototypes, thereby favoring industry growth.
 

Market players are investing in European market in an attempt to cater to rising product demand to attain stronger market position. For instance, In January 2019, Aubert & Duval, and PyroGenesis, have announced partnership for titanium powders supply to Europe's additive manufacturing market. This will allow Aubert & Duval to ensure the exclusive distribution of these powders in Europe, its main market. Therefore, theses aforementioned factors should boost Europe additive manufacturing with metal powders market.
 

Latest product launches and R & D to be key business master plans by manufacturers

Global additive manufacturing with metal powders industry is moderately consolidated with major players including Arcam, EOS, 3D systems, Concept Laser, Renishaw, Trumpf, Optomec, Realizer, ExOne and Matsuura Machinery.
 

Participants in additive manufacturing with metal powders market are incorporating strategies including capacity expansions, mergers & acquisitions, new product launches and partnerships & collaborations. For instance, In December 2017, Hoganas AB acquired HC Stark Group’s Surface Technology & Ceramic Powders division named STC. This acquisition will enable Hoganas to leverage its global sales network and gain critical mass within additive manufacturing and surface coating.
 

In July 2018, Allegheny Technologies Incorporated announced its acquisition with Addaero Manufacturing located in New Britain, CT. This acquisition brings ATI’s knowledge and experience in commercial aerospace and powder metal manufacturing capabilities to produce aerospace quality parts using various additive manufacturing technologies.
 

Additive manufacturing with metal powders market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Tons) and revenue (USD Million) from 2015 to 2026, 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
      • Ti6Al4V
      • Ti6Al4V (ELI)
      • Others
    • Cobalt
      • CoCr
      • CoCrWC
      • CoCrMo
    • Copper
      • C18150
      • CuCr1Zr
      • CuNi2SiCr
    • Nickel
      • Inconel 625
      • Inconel 718
      • Hastelloy X
    • Aluminum
      • ALSi12
      • ALSi7Mg
      • ALSi10Mg
      • Others
  • Stainless Steel
    • Austenitic Steel
    • Martensitic Steel
    • Duplex Steel
    • Ferritic Steel
  • Other Steel
    • High Speed Steel
    • Tool Steel
    • Low Alloy Steel
  • Precious Metal
  • Tungsten
  • Tungsten Carbide
  • Silicon Carbide
  • Aluminum Oxide
  • Zirconium
  • Zirconium Dioxide
  • Molybdenum
  • Magnesium
  • Aluminum Nitride

By Application

  • Aerospace
  • Automotive
  • Medical
  • Oil & 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
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Australia
  • LATAM
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the additive manufacturing with metal powders business is supposed to attain $973 million by 2026.
Technological advancements in medicine industry, enhanced application scope in automotive and aerospace sectors, government initiatives to enhance additive manufacturing technology, and replacement of conventional technology in oil & gas exploration and production activities are major factors expected to drive the growth of global market.
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 are some of the top contributors in the industry.
The automotive application segment registered a major share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 1010
  • Tables: 1941
  • Charts / Figures: 81
  • Companies covered: 60
  • Countries covered: 22

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