San Francisco, 14 March 2019: The Report 3D Printing Metal Market Size, Share & Trends Analysis Report By Form
(Filament, Powder), By Product (Steel, Titanium, Nickel), By Application
(Medical, Aerospace & Defense), And Segment Forecasts, 2019 - 2025
The global 3D printing metals market size is expected to reach USD 3.05 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 31.8% during the forecast period. Increasing adoption of 3D printing as a mainstream manufacturing method and rising investments in research & development (R&D) of 3D metal printing are anticipated to fuel product demand. Use of 3D metal printing is prominent in the aerospace & defense industry owing to rapid prototyping and manufacturing speed offered by 3D printing.
The aerospace & defense (A&D)
industry was an early adopter of the product. This is leading to high
utilization of materials such as titanium and steel in this industry. 3D
printing grants flexibility to produce complex equipment geometries, which are
otherwise difficult to build using a traditional manufacturing.
The powder segment dominated the market in
2017. It is expected to progress at a higher CAGR in terms of volume over the
forecast period. High packing density and spherical morphology of metal powders
ensure good flowability that leads to consistent and predictable powder dosing
and layers.
Titanium was the largest contributor to
market growth in 2017, owing to its significant adoption in aerospace
applications. Titanium-based alloys have a very high melting point and are
strongly resistant to oxidation and acids. This is necessary for manufacturing
critical aircraft parts. Moreover, aircraft designers are able to achieve
higher thrust to weight of engine ratio due to high strength and low density of
titanium.
North America emerged as the largest region
in 2017 in terms of employing 3D printing metals. Presence of numerous
aerospace companies are expected to stoke the growth of the regional market.
Moreover, high defense expenditure across the region is anticipated to boost
the utilization of the product in aerospace & defense.
The U.S. has been a major producer and
consumer of 3D printing metals on a global scale. Presence of key industry
players such as 3D Systems Corporation and ExOne GmbH is expected to drive the
market on account of innovative product launches and expansion initiatives in
the country. Moreover, increasing integration of advanced technologies such as
3D printing with several manufacturing processes has been escalating the growth
of the market in the country.
Technological limitations of additive
manufacturing for large-scale production of heavy parts are the primary factors
restraining market growth. In addition, high-cost of printers and raw materials
such as metal powders is also anticipated to negatively influence the growth of
the market.
However, rising investments in R&D
activities by academicians and companies are expected to facilitate cost
reduction as well as increased utilization of the product. Major players in the
global industry are involved in launching new products, joint ventures, and
acquisitions to increase their customer reach in the international markets.
Access Research Report of 3D Printing Metals Market@ https://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market
Further
key findings from the report suggest:
· Aerospace & defense is anticipated to
witness the fastest growth at a CAGR of 34.2% over the forecast period, in
terms of revenue, on account of reduced lead time offered by 3D printing and
increasing demand for highly customizable parts
· The titanium segment captured the highest
revenue share of 63.0% in 2017 due to its high corrosion resistance, high
tensile strength, and low density
· The 3D printing metals market in Asia
Pacific was valued at USD 79.7 million in 2017 with China and Japan emerging as
major markets.
· In terms of volume, the powder segment
accounted for 92.6% of the market in 2017 owing to superior quality offered by
metal powders for manufacturing process of metal parts
· Key companies are attempting to provide
superior quality products and expand their product portfolio. For instance, in
September 2017, ExOne expanded its product offerings by announcing availability
of 17-4PH stainless steel as a printable material.
Browse more reports of this category by Grand View
Research at: https://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,
application, product, and region:
3D Printing Metals Form Outlook (Revenue,
USD Million; Volume, Tons, 2014 - 2025)
·
Powder
·
Filament
3D Printing Metals Application Outlook
(Revenue, USD Million; Volume, Tons, 2014 - 2025)
·
Aerospace & defense
·
Automotive
·
Medical & dental
·
Others
3D Printing Metals Product Outlook
(Revenue, USD Million; Volume, Tons, 2014 - 2025)
·
Titanium
·
Nickel
·
Steel
·
Aluminum
·
Others
3D Printing Metals Regional Outlook
(Revenue, USD Million; Volume, Tons, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
3D Printing Metals Market@ https://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.
