Additive manufacturing with metal powders market size worth above US$ 2000 Mn by 2030

According to a new research report by Global Market Insights Inc., the Additive Manufacturing with Metal Powders Market size is set to surpass USD 2000 million by 2030.
 

Additive manufacturing with metal powder is also known as 3D printing which offers possibility of constructing complex design which exists in the traditional manufacturing process. The 3d printing process enables manufacturers to use wide range of materials for production of various devices and their parts. There are various technologies involved in the metal additive manufacturing systems based on different applications which should boost the additive manufacturing with metal powders market.

 

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Character of blown powder technique such as high powder deposition rate and use of coarse powder should augment market growth

Blown powder manufacturing technique witnessed a consumption of over 180 tons in 2020, which is likely to achieve significant gains up to 2030. The blown powder technique includes laser engineering net shapes and direct metal deposition method and ability to form large part sizes which should augment product demand. The technique can be used for both freeform manufacturing and cladding manufacturing which should stimulate additive manufacturing with metal powders market growth.
 

The blown powder process uses additive material powder which is blown on processing zone and meets laser beam. The laser beam melts the particle and deposits it on the substrate to form work piece. This technology involves focused laser beam, a lens, powder delivery nozzle and feedback sensor and often regarded as versatile laser based additive manufacturing owing to its chemical metallurgical nature. Blown powder process has absence of undercutting and has metallurgical cladding from base material which represents substantial growth opportunities for product market.
 

 “As per industry forecast, powder bed technique is expected to grow at CAGR of over 20% from 2021 to 2030, pertaining to its cheap production cost”
 

Browse key industry insights spread across 1000 pages with 1900 market data tables and 80 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, Copper,  Nickel, Aluminum, 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, Precious Metal and By Application (Aerospace, Automotive, Medical, Oil & Gas, Energy [Nuclear, Renewable]) Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/additive-manufacturing-with-metal-powders-market
 

Wide application scope of the product in aerospace industry should stimulate the business growth

The product market demand from the aerospace application should exceed USD 840 million up to 2030. The product is widely used in high-tech aircraft component production such as fuselages, turbine parts, jet engines and cabin interior components which should augment product market growth in the forecasted time period. Rising demand for innovative engine designs along with increasing demand for fuel efficient engines should augment the growth of product market.
 

The product offers high flexibility in design innovation and allows manufacturers to explore design new complex components with metals including steel and aluminum. The technology offers improvement in fuel efficiency and performance owing to its demand and popularity from aerospace industry which should foster product market growth. The technology is providing opportunity to the small-scale manufacturers to produce aircraft parts that had high investments and infrastructure cost which is expected to boost additive manufacturing with metal powders market growth.
 

“As per industry forecasts, medical applications segment is expected to grow at CAGR of over 22% from 2021 to 2030, pertaining to its wide application scope in production of dental implants parts”
 

Government assistance for additive manufacturing with metal powder technology should drive product demand in Asia Pacific

Asia Pacific should exceed USD 375 million up to 2030 and is expected to achieve substantial growth in the forecasted period. The region is expected to have moderate growth due to high capital investment cost and lenient regulatory regime. China is expected to witness growth owing to less production cost of metal powder. The government support for additive manufacturing technology is enabling manufacturers to establish regional R & D as government is providing funds that should augment the additive manufacturing with metal powders market growth in the region.
 

“As per market estimates, North America should register over 20.5% gains by 2030, pertaining to rising demand for healthcare devices in the region”

The global additive manufacturing with metal powder industry share is fragmented and comprises of key players such as 3D System Corp, Additive Industries, SLM Solutions Group AG, Stratasys Ltd., Airbus SE, AP Works, The ExOne Company and Fonon Technologies. Companies are majorly focusing on strategic agreements such as acquisitions, mergers and partnerships to expand their production volume, and widen their geographic distribution network.
 

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