Additive Manufacturing with Metal Powders Market to hit USD 1.1 billion by 2024 - PowerPoint PPT Presentation

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Additive Manufacturing with Metal Powders Market to hit USD 1.1 billion by 2024

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More Information @ Additive Manufacturing with Metal Powders Market size was above USD 215 million in 2016 and industry expects significant gains to surpass 4.5 kilo tons by 2024. – PowerPoint PPT presentation

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Title: Additive Manufacturing with Metal Powders Market to hit USD 1.1 billion by 2024


1
Additive Manufacturing with Metal Powders Market
to surpass 4.5 kilo tons by 2024
2
Key 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.

3
Continued...
  • 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.

4

Latest Research Report On Additive Manufacturing
with Metal Powders Market _at_ https//www.gminsights
.com/industry-analysis/additive-manufacturing-with
-metal-powders-market Request for a sample of
this research report _at_ https//www.gminsights.com
/request-sample/detail/1783
5
U.S. Additive Manufacturing with Metal Powders
Market Size, By Application, 2016 2024, (USD
Million)

6
Major Companies in Additive Manufacturing with
Metal Powders Market
  • GE
  • 3D Systems
  • EOS
  • Pratt Whitney
  • Optomec
  • Renishaw
  • Arcam
  • ExOne and Trumpf

7
Industry Coverage

8
Regional 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.

9
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