North America Additive Manufacturing with Metal Powders Market size worth over USD 770 million by 2030

According to a new research report by Global Market Insights Inc., the North America Additive Manufacturing with Metal Powders Market size is set to surpass USD 770 Million by 2030 owing to steady growth of medical, aerospace, and automotive industries in the U.S., Mexico, and Canada. Additionally, rising focus towards precision manufacturing of tool prototypes and custom parts in industrial sector is predicted to provide growth opportunity to North America additive manufacturing with metal powders market.
 

Growing use of blown powder manufacturing technique in aerospace sector for repairing damaged part is anticipated to boost market growth

Blown powder segment should show significant rise in the predicted period and reach at the value of over USD 85 million by the end of 2030. Blown powder method is widely regarded as a versatile laser-based additive manufacturing because of its complex nonequilibrium physical & chemical metallurgical nature. Thus, it is extensively used in in aerospace industry for repairing damaged parts. Rising demand for defense aircraft and the expansion of the commercial aviation sector should accelerate aerospace sector in North America.

 

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Direct Metal Deposition (DMD) segment is expected to account for over USD 65 million by the end of 2030 and is expected to grow over a CAGR of around 20% in the predicted period as the technology is mainly used in the aeronautic field to repair complex components and parts instead of replacing them. This helps to save the cost involved in spare parts & cost for assembly & disassembly.
 

Laser Engineering Net Shapes (LENS) segment is expected to grow over a CAGR 19% in the predicted timeframe as this method is extensively used to build fully dense shapes closed loop control for accurate fabrication and converting better mechanical strength to the product used in medical, aerospace and automotive industries. Rapid growth in economy and increasing focus towards development of medical and automotive industries in the U.S. drive industrial growth, this in turn accelerate the North America additive manufacturing with metal powders market share over the forecasted timeframe.  
 

“As per industry forecasts, blown powder manufacturing technique segment should grow at a CAGR of over 20% by 2030 pertaining to growing use in aerospace sector for repairing damaged part”
 

High strength, corrosion resistance, good electrical conductivity and heat resistance properties of alloy material will foster its market growth

Alloy material segment accounts for significant share in the North America market in 2020 with a market size of around USD 33 million. Growing application of alloy in aerospace and automotive industry because of its high strength, corrosion resistance, good electrical conductivity and heat resistance properties will augment the additive manufacturing with metal powders market demand in North America. Along with this, rapid growth of vehicle production and rising government focus on developing aerospace industry in North America should also accelerate the product.
 

Titanium alloy material segment is expected to grow over a CAGR of 29.5% over the foreseeable timeframe as it is extensively used for manufacturing of various complex parts in aerospace and medical sectors because of its ductility, toughness and low density. Likewise, the aluminium segment is predicted to grow with the CAGR of 27.4% over the anticipated period as it is increasingly used in aerospace industry because of its good thermal conductivity and finishing ability.
 

“As per industry forecasts, alloy material segment to witness gains over 27% by the end of 2030 due to its properties such as high strength, corrosion resistance, good electrical conductivity and heat resistance”
 

Surging additive manufacturing technology for application in 3D printing of medical implants will foster its market growth in medical application.

Additive manufacturing with metal powders usage in medical application accounts for significant share in the market in 2020 with a market size of USD 23.5 Million. Additive manufacturing metal powder technology is used to produce implants such as dental implants, hip cups, bone plates and femoral stems. Thus, rising demand for customized medical product along with rapidly advancing medical technologies should propel medical implant demand thus accelerating North America additive manufacturing with metal powders market growth.
 

 “As per industry forecasts, medical application segment to witness gains over 20.0% by the end of 2030 owing to increasing additive manufacturing technology application in 3D printing of medical implants”
 

Browse key industry insights spread across 380 pages 592 market data tables and 48 figures & charts from the report “ North America 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, CoCrWC, CoCrMo], Copper [C18150, CuCr1Zr, CuNi2SiCr], Nickel [Inconel 625, Inconel 718, Hastelloy X], Aluminum [ALSi12, ALSi7Mg, ALSi10Mg, AL6061], 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, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2030in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-america-additive-manufacturing-with-metal-powders-market
 

Increasing demand for medical products in Canada should propel product demand

Canada is expected to show significant growth over the forecasted period and anticipated to reach over USD 45 million in the year 2030. Increasing demand for various medical products such as monitoring equipment, diagnostic equipment, orthopedics and dental products should boost growth of medical sector. Canada is witnessing strong demand for high quality medical technologies primarily because of growing healthcare expenditure and high income of the consumers. This trend represents growth opportunities for North America additive manufacturing with metal powders market over the predicted time span.
 

Players in the North America additive manufacturing with metal powders industry are implementing multiple strategies such as collaboration, merger & acquisition and partnerships to sustain their position in the market. The major players include Aerojet Rocketdyne, GE Additive, 3D Systems Corporation, EOS GmbH, and ExOne which play a significant role in additive manufacturing with metal powders market.
 

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