Additive Manufacturing With Metal Powders Market Size

Additive Manufacturing With Metal Powders Market Size

Global Additive Manufacturing with Metal Powders Market size was over USD 345 Million in 2021 and is estimated to grow at over 21% CAGR between 2022 and 2030 owing to the growing focus on technological advancements in the medical industry. Also, growing applications in the automotive and aerospace sectors should support the growth of the market.

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Additive manufacturing comprises a family of different technologies that build up parts by adding materials layer by layer at a time on a digital 3D solid model. Additive manufacturing with metal powders has wide usage in the medical industry as it enables manufacturers to produce a variety of medical devices which have complex internal structures. Well-established medical sector across both developed and developing countries including the U.S., Canada, Germany, France, Italy, China, and India is supporting the growth of the market.

Strong application outlook in manufacturing production parts, functional prototyping, and thermal control system, should stimulate the additive manufacturing with metal powders market share. Rapid industrialization accompanied with increased usage of additive manufacturing in making of small custom parts and tool prototypes in the automotive sector should drive regional industry growth.

Technological advancement by various manufacturers may drive additive manufacturing with metal powders market in automotive sector on account of providing corrosion protection, lightweight, eco-friendly nature, and low VOCs.