Additive Manufacturing with Metal Powder Market size worth $8.1bn by 2026

Additive Manufacturing with Metal Powder Market size is set to surpass USD 8.1 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Additive manufacturing is a technique that is used to construct 3D objects by the accumulation of layer of metal powder using computer-generated element design data. The availability of various metal powders which include cobalt, titanium, copper, nickel, aluminum and stainless steel have created plenty of options for consumers to suit their needs. Different metals offer different properties such as the tensile strength and corrosion-resistance which help in enhancing the product life cycle of the engineered products. Consumption of engineered products across the manufacturing sector should fuel the additive manufacturing with metal powder market growth.

 

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The development of several technologies has also increased the market penetration for metal powder additives in various industry. Electronic beam melting, laser sintering, and stereolithography have added value in additive manufacturing with metal powders demand as these techniques help in production of equipment in low cost and quick time. Typical uses for Direct Metal Laser Sintering Technique (DMLS) include tools, small integrated structures, surgical implants and aerospace parts. Demand for cost effective and sustainable technology in these industries is also expected to foster market growth. Moreover, rising adoption of additive manufacturing with metal powders as a sustainable way of manufacturing along with high scope of customization has led to large production volume and high economies of scale.
 

Global Additive Manufacturing with Metal Powders Demand by Technology, 2018 (USD Million)
Global Additive Manufacturing with Metal Powders Demand by Technology, 2018 (USD Million)

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Automotive application acts as major market driver for additive manufacturing with metal powders industry

Strong indicators for increase in vehicle production and consumption in China, India, and South Korea should drive market growth. Demand for high quality and more efficient vehicles will also boost overall market size. Increased usage of additive manufacturing with metal powders in making of small custom parts and tool prototypes in the automotive sector should drive regional industry growth.  In the automotive sector, providing corrosion protection, lightweight, eco-friendly and low VOCs features in vehicles will also drive market growth.
 

Versatility of the blown powder technology to manufacture heavy parts from various metals drives the market demand for this segment

Blown powder method is used in both cladding & freeform manufacturing. It is widely regarded as a versatile laser-based technology owing to its complex nonequilibrium physical & chemical metallurgical nature. Benefits such as metallurgical cladding with base material and evading the step of undercutting are key features of this technique which drives additive manufacturing with metal powder market demand.
 

Direct Metal Deposition and Laser Engineering Net Shapes are the different techniques involved in blown powder process which are versatile in nature. They can process metals like nickel, iron, cobalt, and titanium-based alloys, as well as refractory metals and ceramic metal composites. Its metal versatility has resulted into increased demand in the market. DMD and LENS techniques are used to repair or add volume to pre-existing metal objects and manufacture new objects, making it a valuable feature for end-users market. Repairing and upgradation saves huge costs of the manufacturers than replacing and buying a new product. Compared to powder bed techniques, larger objects can be produced from LENS and DMD techniques, which will boost its demand for additive manufacturing with metal powder market.
 

Browse key industry insights spread across 735 pages with 1100 market data tables and 91 figures & charts from the report, “Additive Manufacturing with Metal Powder 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 (U.S., Canada, UK, Germany, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Australia, Taiwan, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE), Growth Potential, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/additive-manufacturing-with-metal-powders-market
 

Complex designing of the aircraft structures should increase market demand in the aerospace sector

Additive manufacturing with metal powder market from aerospace application dominated the market share. Manufactures have often been met with various product designing challenge in the aircraft sector. Additive manufacturing with metal powders techniques can easily design complex aircraft structures which has increased its demand in the aerospace market.
 

Additive manufacture has also enabled manufactures to fabricate jigs and fixtures and wing assemblies in small aircrafts and UAVs market. Besides, it has also simplified supply chains in the aerospace market. Additive manufacturing with metal powders is a likely threat for laggards attached to the traditional techniques of prototyping and tooling using CNC machining, aluminum casting and injection molding.
 

High cloud penetration and favorable government policies will accelerate market growth in China and Japan

Chinese government is spending heavily on additive manufacturing with metal powders as China has been able to produce metal powders at a lower cost than other countries. Engineers and other organizations in China are benefitting with the technology, as it is used in building the desired object. Automotive and aerospace market in China prefer selective laser melting method for production of lightweight and highly complex metal parts. Various metal powders such as titanium, cobalt chrome, stainless steel and martensitic steel are used in production of additive manufacturing with metal powders in these complex metal parts. Low cost of metal powders and government’s initiative of building a national lab for 3D printing in China should benefit manufacturers and drive market size.
 

The automotive and healthcare industry in Japan are also involved in additive manufacturing with metal powders manufacturing. The healthcare experts in this region are focusing on additive manufacturing for implants. The New Energy and Industrial Technology Development Organization (NEDO) of Japan, announced to spend over USD 20 million in advanced 3D printing mechanisms for human tissue generation. Government of Japan has estimated that the regenerative medicine market will grow up to USD 8.5 billion by 2030 owing to emerging and innovative technologies such as 3D printing with metal powders.
 

Key players operating in the additive manufacturing with metal powder market share are focusing on developing new and patented technologies. They are investing heavily in their R&D division. Market leaders have also expanded their production capacities. In May 2016, EOS opened new facility in Texas, which would help EOS to focus on growing the market and add branches to the current extend cross Europe, Middle East, Asia and South America. The new facility would help faster and better service to support regional market growth and in turn accelerate overall industry size.
 

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