3D Printing Metals Market Analysis Report

The global 3D printing metal industry is predicted at $ 773.2 million in 2020 and is predicted to reach $ 3,158.3 million by 2025, with a 31.9% annual compound rate from 2020 to 2025. 3D printing is made of light metals such as aluminum and stainless steel. steel, titanium, cobalt chrome, and Inconel. Titanium and its alloys are the main raw materials employed to make 3D printing metals. Most companies manufacture 3D printing metals with titanium, due to its corrosion resistance property. Most 3D printing metal manufacturers are concentrated in North America, as the call for metals in the region's end-use businesses is high. Most players supply 3D printing metals to the aerospace, defense, and healthcare businesses.

Market Drivers and Restraints:

The expansion of the global 3D printing metal industry is primarily due to its escalating adoption in the aerospace and automotive businesses. 3D printing in aircraft manufacturing enables the manufacture of very complex and lightweight structures. In the automotive industry, it allows us to design automotive parts with complex geometries, which is difficult with the help of traditional methods. Additionally, the escalating application of 3D printing metals in the healthcare industry in the manufacture of medical implants is predicted to drive expansion in the global industry during the review period. Helps to develop implants perfectly adapted to the patient's structure; It is faster and cheaper than traditional methods. The escalating application of 3D printing metal in the aerospace industry is a key factor for industry expansion during the forecast period. Components employed in aircraft manufacturing require advanced engineering materials and complex geometries. 3D printing in aircraft manufacturing enables the manufacture of very complex and lightweight structures. The high cost of materials is predicted to be the main factor hampering global expansion. A lot of energy is needed during the process and it requires a lot of labor.

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Report segmented as:

By type:

Titanium
Aluminum
Nickel
Steel
Others

By form:

Filament
Powder

By end-use industry:

Automotive
aerospace & defense
healthcare
others

Geographical analysis:

The Asia-Pacific industry has dominated the global 3D printing metals industry with a significant share and is predicted to be the fastest-growing industry during the forecast period. Escalated investment in the construction and construction, healthcare, and consumer electronics businesses in the region are predicted to drive expansion in the regional industry during the forecast period. China is the world's leading manufacturer and consumer of 3D printing metals. The call for metals for 3D printing in the Asia Pacific is relatively high compared to other regions. The expansion of the Asia-Pacific industry is also attributed to the presence of developing countries such as India and China. The main reason for the expansion of the 3D printing metals industry is that these countries are developing at a rapid rate in terms of population and economy, which ultimately leads to an expansion in per capita consumption.

Important market players:

The significant players working in the worldwide 3D Printing Metals industry include voxeljet AG (Germany), Renishaw plc (UK), 3D Systems, Inc (US), GKN Aerospace (UK), CRS Holdings Inc (Carpenter Technology Corporation) (US), Sandvik AB (Sweden), EOS GmbH (Germany), Materialise (Belgium), Concept Laser GmbH (Germany), Optomec, Inc (US) and SLM Solutions (Germany).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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