Title: Additive Manufacturing with Metal Powders Market to hit USD 1.1 billion by 2024
1Additive Manufacturing with Metal Powders Market
to surpass 4.5 kilo tons by 2024
2Key Insights from Additive Manufacturing with
Metal Powders Market
- Increase in trend towards adoption of prototype
has led to the development and validation of
design faster along with reduction in production
time cost in various industrial sectors which
has stimulated additive manufacturing with metal
powders market demand. - Positive application scope in aerospace industry
in making engine, turbine parts and interiors
should trigger additive manufacturing with metal
powders market growth. Over 20 of aerospace
engineering companies are using this technology
to make tooling components. The industry is
constantly putting effort to minimize aircraft
weight by using lightweight metals such as
stainless steel, titanium, aluminum, and copper. - Additive manufacturing with metal powders market
size from oil gas application is likely to be
valued at over USD 45 million over the projected
timespan. Prototyping and modelling for
exploration and operational equipment, chemical
injection stick tools, gears, impellers, pipeline
rigs, nozzles for downhole cleanout tools,
control valve components, large scale downhole
tools and sealing accessories including O rings
are produced through 3D printing which are used
in the industry.
3Continued...
- Stainless steel, aluminum, cobalt, nickel and
titanium powders are the prominent raw materials
used in the additive manufacturing with metal
powders method. Infringement law issues regarding
the product and the technology along with
volatility in regional raw material prices may
impact demand supply gap and hinder industry
profitability. - Aluminum alloys from additive manufacturing with
metal powders market demand should witness gains
over 27 upto 2024. Components manufactured from
aluminum powder have usage in automotive, motor
racing and general engineering as it is light and
rigid. Superior properties such as corrosion
resistance, durability and welding properties
make aluminum metal powders suitable for
automotive industries, thus enhancing product
demand. - PBF technology from additive manufacturing with
metal powders demand would surpass USD 950
million up to 2024. This technique along with
titanium powder is widely used to make orthopedic
devices owing to cost-effectiveness and less lead
time. DMLS technique from this particular
technology is used in making prototypes and end
products.
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5U.S. Additive Manufacturing with Metal Powders
Market Size, By Application, 2016 2024, (USD
Million)
6Major Companies in Additive Manufacturing with
Metal Powders Market
- GE
- 3D Systems
- EOS
- Pratt Whitney
- Optomec
- Renishaw
- Arcam
- ExOne and Trumpf
7Industry Coverage
8Regional Insights in Additive Manufacturing with
Metal Powders Market
- UK additive manufacturing with metal powders
market demand should witness growth at over 25
during the forecast timeline. Laser Engineering
Net Shape (LENS) and Electron Beam Melting (EBM)
technique is widely used in making of complex
geometrical structures for automotive and
aerospace sectors. Increased production and sales
of motor vehicles along with demand of
lightweight vehicles in the region should favor
industry growth. - U.S. additive manufacturing with metal powders
market size may exceed USD 400 million during the
forecast timeframe. Growing health concerns,
ageing population and long track of chronic
disease coupled with strong regulatory regimes
regarding medical device industry should propel
regional demand. Improvement in long-term patient
outcomes for surgeries and treatment along with
growing oral rehabilitation demand should surge
technology growth in the region.
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