San Francisco, 20
November 2018: The global 3Dprinting metals market is
expected to reach USD 2.86 billion by 2025, according to a new report by Grand
View Research, Inc. Metals are the fastest growing 3D printing materials
worldwide on account of high application scope coupled with increasing demand
from the medical and dental application.
The market has witnessed advancements, both
in terms of technologies and materials, in order to facilitate low cost and
mass production of the products. This would also lead to flexibility in designs
and ease of manufacturing of products for wide range of applications.
Numerous companies including GE have been
utilizing metal 3D printing for the development of aerospace parts. In December
2016, Sigma Labs entered into a new contract with Honeywell aerospace. The
Defense Advanced Research Project Agency (DARPA) selected the company for
completion of phase III of the Open Manufacturing (OM) program. It is aimed at
reducing the barriers involved in the metal 3D printing process including
speed, cost, and repeatability.
Access
Research Report of 3D Printing Metal
Market@ www.grandviewresearch.com/industry-analysis/3d-metal-printing-market
Further key findings from the report suggest:
· Powder segment is expected to witness the
fastest CAGR of over 30% from 2016 to 2025 on account of significant
technological development in the field of metal printers
· Aerospace & defense sector dominated
the industry in 2015 with a share of over 35% and is anticipated to witness
significant growth on account of high application scope in military aircraft,
aircraft engine, commercial aircraft, complex weapon systems, high volume
weapons, and munition components
· The medical sector accounted for a share of
over 30%, in terms of revenue, in 2015 on account of increasing use of the
technology in medical implants, medical devices, and surgical equipment
including crowns & bridges, model castings, and abutments
· Titanium is expected to witness rapid
growth from 2016 to 2025 on account of superior mechanical properties, accuracy
in production, and early adoption of the product in aerospace & defense and
medical industry
· Asia Pacific is anticipated to witness the
fastest growth of over 30% from 2016 to 2025 on account of rapid industrial
development, supportive government policies, and high R&D investment in
China, Japan, and South Korea
· New product development is one of the major
strategies being adopted by the industry players in order to strengthen their
global position
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
global 3D printing metals market on the basis of form, product, application,
and region:
Form Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Powder
·
Filament
Product Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2025)
·
Titanium
·
Nickel
·
Steel
·
Aluminum
·
Others
Application Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Aerospace & Defense
·
Automotive
·
Medical & Dental
·
Others
Regional Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Press Release of
3D Printing Metal Market@ www.grandviewresearch.com/press-release/global-3d-metal-printing-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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