Additive manufacturing with metal powders market size worth over $970 million by 2026

According to a new research report by Global Market Insights, Inc., the Additive Manufacturing with Metal Powders Market size is set to surpass USD 970 Million by 2026. Affirmative outlook in automotive, medical, petroleum and aerospace industries application should have a positive impact on market growth.
 

Additive manufacturing is a technology that is used to build 3D objects by the addition of layer-upon-layer of metal powder using computer-generated component design data. Rising automotive and aerospace sector owing to increasing technological advancements will have a positive impact on additive manufacturing with metal powders market expansion.

 

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Strong indicators for increase in vehicle production along with rise in per-capita disposable income mainly in China, India, Japan, and South Korea for more fuel efficient and light weight vehicles should drive the additive manufacturing with metal powders market growth. Technological advancement by various manufacturers may drive the market in automotive sector on account of providing corrosion protection, lightweight, eco-friendly and low VOCs.
 

Growing powder bed technology utilization will have a positive influence on market advancement

Powder bed manufacturing method is expected to exceed 20% growth rate through 2026. Powder bed fusion method utilize either a laser or electron beam to melt & fuse material powder together. It also has the ability to integrate technology for prototypes and visual models thus, driving demand in the additive manufacturing with metal powders market.
 

Browse key industry insights spread across 1010 pages with 1941 market data tables and 81 figures & charts from the report, “Additive Manufacturing with Metal Powders Market 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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/additive-manufacturing-with-metal-powders-market

 

“According to market analysis and trends, the market from alloy materials is expected to grow at CAGR of over 20% from 2020 to 2026.”
 

Increasing demand of alloys for additive manufacturing applications will stimulate industry expansion.

Alloys segment is expected to exceed USD 300 million by 2026.  Alloys are generally defined as mixture of metals with other substances carrying properties such as corrosion resistance, high strength, durability heat resistance and good electrical conductivity. The alloys used in additive manufacturing are titanium alloys, cobalt, copper, titanium, nickel and aluminum. Strong application scope in automotive and aerospace industries should propel the additive manufacturing with metal powders market demand.
 

 “As per industry forecasts, Asia Pacific additive manufacturing with metal powders market is forecasted to grow over 21.5% through 2026”
 

Increasing technological advancements and Research & Development activities in region should foster market expansion

Asia Pacific is expected to exceed USD 170 million by 2026.  3D printing in China demonstrate an exponential trajectory driven by the manufacturers who emphasize on developing inexpensive ways to produce quality parts Favorable government policies and increasing expenditure for technological advancements will propel regional industry expansion.
 

Key manufacturers in additive manufacturing with metal powders industry are 3D Systems Corporation, Additive Industries, Additive Industries., Aubert & Duval S.A, Aerojet Rocketdyne, Airbus SE, AS America, Inc, APWorks, and Allegheny Technologies. Companies are funding into latest product releases to enhance product portfolios. In September 2018, 3D systems announced its launch of updated end to end additive manufacturing solutions portfolio at IMTS 2018. Through this launch, the company will be able to enhance its product portfolio and attain significant market share.
 

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