Global Additive Manufacturing with Metal Powders Market size was over USD 345 Million in 2021 and is estimated to grow at over 21% CAGR between 2022 and 2030 owing to the growing focus on technological advancements in the medical industry. Also, growing applications in the automotive and aerospace sectors should support the growth of the market.
Additive manufacturing comprises a family of different technologies that build up parts by adding materials layer by layer at a time on a digital 3D solid model. Additive manufacturing with metal powders has wide usage in the medical industry as it enables manufacturers to produce a variety of medical devices which have complex internal structures. Well-established medical sector across both developed and developing countries including the U.S., Canada, Germany, France, Italy, China, and India is supporting the growth of the market.
Strong application outlook in manufacturing production parts, functional prototyping, and thermal control system, should stimulate the additive manufacturing with metal powders market share. Rapid industrialization accompanied with increased usage of additive manufacturing in making of small custom parts and tool prototypes in the automotive sector should drive regional industry growth.
|Market Size in 2021:||348.97 Million (USD)|
|Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||21%|
|2030 Value Projection:||1825 Million (USD)|
|Historical Data for:||2017 to 2021|
|No. of Pages:||1,165|
|Tables, Charts & Figures:||12,165|
|Segments covered:||Manufacturing Technique, Material, and Application|
|Pitfalls & Challenges:|
Technological advancement by various manufacturers may drive additive manufacturing with metal powders market in automotive sector on account of providing corrosion protection, lightweight, eco-friendly nature, and low VOCs.
Lower production cost is expected to drive the growth of powder bed manufacturing techniques
The powder bed manufacturing technique was around USD 298 Million in 2021 and is projected to grow at a CAGR of 21.5% over the forecast period owing to growing application in automotive and aerospace industries attributed to lower production cost and a broad range of material selection. Growing use in functional prototyping, commercial production of manufacturing production parts, and thermal control systems should stimulate the additive manufacturing with metal powders market growth over the forecast timeframe.
Direct Metal Laser Sintering (DMLS) manufacturing technique surpassed USD 271.5 million in 2021 and is projected to show a substantial CAGR of 22% through 2030. Design freedom for DMLS results in accurate metal components in less time compared to other manufacturing methods, thus, propelling the market growth. Selective Laser Melting (SLM) manufacturing technique is primarily used for manufacturing of tools for the injection moulding process owing to its low cost.
Electron Beam Melting (EBM) method of powder bed produces complete dense metallic parts directly from metal powder with characteristics of the target material. As compared to other techniques, the EBM method has a generally superior built rate due to higher energy density and scanning method. The advent of controlled vacuum technology improves the entire build cycle and build environment driving technology demand in production
Increasing focus towards manufacturing lightweight ornaments should fuel the demand for the precious metals in global market
Precious metal material is projected to cross USD 475 million by 2030 and is projected to grow at a CAGR of over 12% during the forecast period. Precious metals including gold, silver and platinum are used in additive manufacturing to produce jewellery and watches with the help of a laser sintering process. This technology help manufacturers to design and produce lightweight ornaments with less wastage of materials, thereby favouring the market growth. Additive manufacturing provides ultimate flexibility for designers in terms of styling and structure.
Platinum material surpassed USD 58 million in 2021 and is projected to show a CAGR of 11.5% in the forecast period. Increasing use of platinum in laboratory equipment, catalytic converters, platinum resistance thermometers, electrical contacts & electrodes, dentistry equipment, and jewellery is projected to favour the growth during the forecast period. Additionally, the growing use of other precious metals such as gold and silver in making ornaments is projected to boost the additive manufacturing with metal powders market sales over the projected period.
Growing use in production of high-tech aircraft components should fuel the business growth from aerospace application
The aerospace application in the additive manufacturing with metal powders market was around USD 131.5 million in 2021 and is projected to exhibit a CAGR of 22% over the analysis period. Additive manufacturing with metal powder is used in the production of high-tech aircraft components owing to its properties such as maximizing performance, improving reliability & fuel efficiency, and reducing lead time. High flexibility allows to produce lightweight components and reduce fuel emissions, further driving the market growth.
This technology is extensively used in the manufacturing of various high-tech aircraft components for jet engines, turbine parts, fuselages, landing gear and cabin interior components. It prints solid objects with the help of a digital file by applying one layer of material on top of another thereby allowing manufacturers to design complex aircraft structures and shape easily.
Well-established medical sector is escalating the growth of additive manufacturing with metal powders market in North America
North America additive manufacturing with metal powders market is projected to cross USD 680.2 Million by 2030 and is predicted to grow at a CAGR of over 20.5% during the forecasted period. Well-established medical sector and strong presence of many medical device manufacturers such as Johnson & Johnson, 3M Company, Medtronic, and Abbott are supporting the market growth in North America.
Growing health concerns among the aging population, rising prevalence of chronic disease, and stringent regulations for the medical device industry, should drive market growth. Increasing concerns regarding sports-based facial injury and dental implants have promoted the usage of additive manufacturing in the medical sector. The presence of companies engaged in adopting additive manufacturing to gain a competitive advantage and achieve design freedom will boost product demand over the projected period.
Mergers & acquisitions and strategic partnerships & collaborations to accelerate additive manufacturing with metal powders market competitiveness
The global market is moderately consolidated and competitive. Key players in the additive manufacturing with metal powders industry include EOS, Arcam, Concept Laser, 3D systems, Trumpf, Renishaw, Optomec, Matsuura Machinery, and ExOne. Other industry participants include Ping, Phenix Systems, Plunkett Associates, Pratt & Whitney, Progold MTU, Metalysis, GE, and Puris. The market players are implementing strategies such as expansion, mergers & acquisitions, technological advancements, and partnerships & collaborations to increase the market share and tap the growth opportunities in the market.
For instance, in February 2021, 3D Systems partnered with U.S Army for virtual design and qualification projects. The company will work to enhance a component related to an army modernization product to improve overall system performance and maximize cooling. This project is expected to enhance the companys brand value and accelerate the additive manufacturing with metal powders market revenue.
Additionally, in November 2021, Trumpf acquired the joint venture company, Trumpf Sisma S.R.L. from its partner SISMA S.p.A., which is an Italy based company. The strategic acquisition was primarily aimed to strengthen the companys additive manufacturing business.
Global additive manufacturing with metal powders market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons, revenue in USD Million from 2022 to 2030 for the following segments:
By Manufacturing Technique
- Powder Bed
- Direct Metal Laser Sintering (DMLS)
- Selective Laser Melting (SLM)
- Electron Beam Melting (EBM)
- Blown powder
- Direct Metal Deposition (DMD)
- Laser Engineering Net Shapes (LENS)
- Ti6Al4V (ELI)
- Inconel 625
- Inconel 718
- Hastelloy X
- Stainless Steel
- Austenitic Steel
- Martensitic Steel
- Duplex steel
- Ferritic Steel
- Other Steel
- High Speed Steel
- Tool Steel
- Low Alloy Steel
- Precious Metal
- Other precious metal
- Silicon carbide
- Aluminium oxide powder
- Zirconium dioxide
- Aluminium nitride
- Tungsten carbide
- Oil & Gas
- North America
- Latin America
- Asia Pacific
- South Korea
- Middle East & Africa
- Saudi Arabia
- South Africa