Metal is the Future and Leads the 3D Printing Market

New report shows explosive growth potential of 3D metal printing

A new report from entitled “3D Printing of Metals: 2020-2027” forecasts explosive growth for metal 3D printing over this 7-year period. Although 3D printing also uses materials such as food and plastic, the future looks especially bright for metal.

Key report findings and highlights

Key report highlights show:

A continual move towards full production metal parts and away from the current use of plastic based prototype versions
The Metals sector is the most rapidly growing category of 3D printing:

Printer sales are growing at 48% and
Material sales are growing at 32%

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The earliest adopters of 3D printing have typically been high value, low volume, which has particularly been suitable for industries such as Aerospace, Biomedical and Jewellery. One example given in Aerospace is a $3.5billion investment in a production plant to make 100,000 fuel nozzles a year by 2020. Manufacturers are increasingly making heavier infrastructural investments in 3D printing technology
Specific examples of industrial applications of 3D printing include:

Aerospace – NASA intends to 3D print 80%+ of future rocket engines
Dental – Parts such as copings and bridges are being made using metal 3D printing
Jewellery – 3D printing is very suitable for jewellery production. Complex, bespoke, unique shapes can all be produced whilst giving the designer absolute freedom to express themselves

Metals being used in 3D printing include aluminium, bronze, cobalt alloys, copper, gold, nickel alloys, nitinol, palladium, platinum, silver, steel, titanium alloys and tungsten

Some of the important players in 3D Printing Metals market are 3D Systems Corporation, Arcam AB, Carpenter Technology Corporation, GKN PLC, Renishaw PLC, Sandvik AB, Hoganas AB, Voxeljet AG, LPW Technology Ltd. and EOS GmbH Electro Optical Systems among others.

The report aims to provide an overview of Global 3D Printing Metals Market along with detailed segmentation of market by type, form, vertical and five major geographical regions. Global 3D Printing Metals market is expected to witness growth during the forecast period owing to it increasing use as a production process in several industries particularly, healthcare and aerospace & defense.