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Global Additive Manufacturing with Metal Powders Market size worth over USD 1,825 million by 2030

  • Published Date: April 4, 2022

According to a new research report by Global Market Insights Inc., the global Additive Manufacturing with Metal Powders Market size is set to surpass USD 1,825 million by 2030 pertaining to the growing demand for low-weight and high-quality automotive and aerospace components.

Increasing vehicle production, growing medical sector, and rising healthcare spending in emerging economies such as India and China should boost market growth during the projected timeframe.

Rising demand for tooth replacement along with an increasing number of dental injuries due to sports injuries and road accidents should enhance dental implants demand, thus favoring industry growth. Technological advancements enable the production of high-quality products along with an array of new ingredients including ceramic, metals, organic materials, and plastics. This trend has encouraged manufacturers to use 3D printed parts for their products, thereby boosting market size.

Growing demand for lightweight automotive components will foster the use of blown powder manufacturing technique

Blown powder manufacturing technique accounts for a significant share in additive manufacturing with metal powders market and is anticipated to reach over USD 200 million by the year 2030. Growing demand for lightweight components such as multiple ports, passages, ducts, and valves to manage air and fuel flow in the automotive sector, should stimulate segment growth during the projected period. Its ability to form large part size, high powder deposition rates, use of coarser powders further propel the use of blown powder manufacturing technique.

Direct Metal Deposition (DMD) manufacturing technique should grow with CAGR 20.5% during the anticipated period and reach a value of USD 156.5 million by the end of 2030. Increasing use of Direct Metal Deposition (DMD) technology in the aeronautic field to repair complex & expensive parts and save cost of installing new components is escalating segment growth. Laser Engineering Net Shapes (LENS) method is employed to build fully dense shapes closed-loop control for accurate fabrication and converting better mechanical strength to the product.

Enhanced strength, good corrosion resistance, and high heat resistance properties are escalating the need for alloy material in additive manufacturing with metal powders market

Alloy material should grow with CAGR 27.0% over the anticipated period and reach a value of USD 705.0 million by the end of 2030. Increasing application of alloy in automotive and aerospace industries pertaining to its properties such as corrosion resistance, high strength, high durability & heat resistance, and good electrical conductivity should propel product demand. Rising demand for superior quality components across a wide range of industries such as aerospace, automotive, oil & gas, and energy is predicted to propel the demand for alloy over the anticipated timeframe.

Titanium alloys market reached over USD 46.5 million in 2021 and the segment is anticipated to grow with CAGR 29.0% over the anticipated period. Rising demand for titanium alloys to produce a wide range of industrial components such as fasteners, blades, discs, rings, hubs, and vessels is escalating segment growth. Likewise, lightweight aluminum alloys are extensively used in many industrial aerospace and automotive applications. Excellent fusion characteristics make aluminum alloys particularly well suited for use in 3D printing applications.

Growing focus toward developing energy-efficient vehicles is anticipated to boost additive manufacturing with metal powders market demand from automotive application

The automotive application reached over USD 86.5 million in 2021 and the segment is anticipated to grow with CAGR of 22.0% during the anticipated period. The additive manufacturing technique is applied in the automotive sector for rapid prototyping and production of auto parts pertaining to its benefits such as maximum design freedom, reducing CO2 emissions, producing lightweight & energy-efficient components. Increasing focus towards enhancing the overall performance of vehicles along with the growing requirements for light vehicles for lower carbon footprints will boost product demand.

Automotive original equipment manufacturers (OEM) are majorly engaged in additive manufacturing for rapid prototyping and complex geometries. Various automotive parts and engineering tools are produced using this technology to provide high customization and maximum cost benefits. Various industry giants such as BMW, Rolls Royce, and Ford are using this technology for applications such as jigs and fixtures to functional prototypes and concept models. This has further escalated the demand for additive manufacturing with metal powders.

Browse key industry insights spread across 1165 pages, 2084 market data tables and 81 figures & charts from the report “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 {Platinum}, By Application (Aerospace, Automotive, Medical, Oil & Gas, Energy [Nuclear, Renewable]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2022-2030in detail along with the table of contents:

Developed automotive industry in Europe should propel additive manufacturing with metal powders market

Europe additive manufacturing with metal powders market reached a value of over USD 136.0 million in the year 2021 and the market is anticipated to grow with CAGR 22.0% over the anticipated period. Automotive manufacturers use additive manufacturing in the production of small and complex auto parts. Thus, the developed automotive industry in Europe and the presence of leading automotive companies such as Mercedes, Audi, BMW, Volkswagen and Ford are expected to propel the growth of the market.

A shift in consumer preference towards owned cars and high-performance vehicles along with strict government regulations on CO2 emissions should drive regional industry growth. Aerospace firms operating in the region are using these technologies to minimize costs for developing models and prototypes, thereby favoring industry growth. Thus, the growing requirements for complex structures and small components in the aerospace and automotive industries should propel additive manufacturing with metal powders market growth.

Players in additive manufacturing with metal powders industry are implementing multiple strategies including acquisition, merger, and new product development to sustain their position in the market. The major players include Arcam, EOS, 3D systems, Concept Laser, Renishaw, Trumpf, Optomec, ExOne, Matsuura Machinery, Ping, Plunkett Associates, Phenix Systems, Progold MTU, Pratt and Whitney, GE, Puris, and Metalysis which play a significant role in the additive manufacturing with metal powders market.

Authors: Kunal Ahuja, Sarita Bayas