3D Printing Metal Market Growth
Rise in penetration of bio-based materials and high-end technological advancements on board fuel the growth of the global 3D printing metal market.
NEW CASTLE, DELAWARE, UNITED STATES, October 9, 2023 /EINPresswire.com/ — The 3D printing of metal, also known as metal additive manufacturing or metal 3D printing, is a rapidly evolving technology with significant implications for various industries. It involves creating three-dimensional objects by adding successive layers of metal material, typically in the form of powder or wire, until the final object is formed.
According to the report published by Allied Market Research, the global 3D printing metal market was estimated at $147.2 million in 2018 and is expected to hit at $796.3 million by 2026, registering a CAGR of 23.5% from 2019 to 2026.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/6447
๐๐๐ซ๐ ๐๐ซ๐ ๐ฌ๐จ๐ฆ๐ ๐ค๐๐ฒ ๐๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ ๐ฉ๐ซ๐ข๐ง๐ญ๐ข๐ง๐ ๐ฆ๐๐ญ๐๐ฅ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ: A variety of metals and metal alloys can be used in metal 3D printing, including titanium, stainless steel, aluminum, nickel alloys, and more. The choice of material depends on the specific application’s requirements, such as strength, durability, and heat resistance.
Rise in penetration of bio-based materials and high-end technological advancements on board fuel the growth of the global 3D printing metal market. On the other hand, high costs related to raw materials restrain the growth to some extent. Nevertheless, rapidly growing industries such as healthcare, automotive, and aerospace & defense are expected to pave the way for lucrative opportunities in for the key players in the industry.
๐๐ซ๐จ๐๐๐ฌ๐ฌ๐๐ฌ: ๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐ฆ๐๐ญ๐๐ฅ ๐๐ ๐ฉ๐ซ๐ข๐ง๐ญ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐๐ฌ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ :
a. Powder Bed Fusion (PBF): This method involves spreading a thin layer of metal powder and then using a laser or electron beam to selectively fuse the powder particles, layer by layer. Common PBF techniques include Selective Laser Melting (SLM) and Electron Beam Melting (EBM).
b. Directed Energy Deposition (DED): DED involves the extrusion of metal powder or wire through a nozzle, which is then melted by a laser or electron beam as it is deposited, allowing for the creation of complex geometries and the repair of existing components.
c. Binder Jetting: In this process, a liquid binding agent is selectively deposited onto layers of metal powder to create the desired shape. After printing, the part is often sintered to remove excess binder and fuse the metal particles.
The aluminum segment contributed to around half of the total market revenue in 2019, and is expected to retain its dominance by the end of 2026. At the same time, the steel segment would project the fastest CAGR of 24.2% during the study period. The other segments assessed in the market report include titanium and nickel.
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ: ๐๐ก๐ ๐ฆ๐๐ญ๐๐ฅ ๐๐ ๐ฉ๐ซ๐ข๐ง๐ญ๐ข๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐ฌ๐๐๐ข๐ง๐ ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ฏ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐ฌ๐๐๐ญ๐จ๐ซ๐ฌ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ :
a. Aerospace: Producing lightweight and complex parts, such as aircraft components and rocket engines.
b. Automotive: Creating custom or low-volume parts, as well as prototypes and performance-enhancing components.
c. Healthcare: Producing medical implants, dental devices, and customized prosthetics.
d. Tooling and Manufacturing: Building specialized tooling and molds for manufacturing processes.
e. Energy: Developing parts for the energy sector, such as turbine blades and heat exchangers.
f. Defense: Manufacturing components for military applications, including weaponry and equipment.
The powder segment held nearly three-fourths of the total market share in 2019, and is projected to retain the top status by 2026. The filament segment, on the other hand, is anticipated to manifest the highest CAGR of 24.1% throughout the forecast period.
๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ:
a. Design Freedom: 3D printing allows for the creation of complex and intricate geometries that would be difficult or impossible to achieve using traditional manufacturing methods.
b. Reduced Material Waste: Additive manufacturing generates less material waste compared to subtractive processes like milling and turning.
c. Rapid Prototyping: Metal 3D printing enables the quick and cost-effective production of prototypes and small batches of parts.
d. Customization: It’s possible to create customized, patient-specific medical implants or tailor-made industrial components.
e. Weight Reduction: The ability to create lightweight structures can lead to improved fuel efficiency and performance in aerospace and automotive applications.
North Americaโฏgenerated the highest market share in 2019, holding more than two-fifths of the global market. Simultaneously, the region across Asia-Pacificโฏwould register the fastest CAGRโฏof 24.2% by 2026. The other two provinces discussed in the report include LAMEA and Europe.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
a. Cost: Metal 3D printing can be expensive, especially for large or complex parts.
b. Surface Finish: Post-processing may be required to achieve the desired surface finish and tolerances.
c. Material Properties: Ensuring consistent material properties and quality can be challenging.
d. Size Limitations: The size of parts that can be 3D printed is often limited by the build volume of the machine.
e. Certification: In industries like aerospace and healthcare, rigorous certification and quality control processes are essential.
The metal 3D printing industry is continually advancing, with ongoing research and development efforts aimed at addressing these challenges and expanding the range of applications. As the technology matures and becomes more cost-effective, it is expected to have a profound impact on various manufacturing sectors.
The key market players analyzed in the global 3D printing metal market report include Arcam AB, Autodesk, Inc., 3D Systems, Voxeljet AG, The ExOne Company, Hoganas AB, Optomec, Inc., Ponoko Limited, Stratasys Ltd, and Organovo Holdings, Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐๐ฅ ๐๐๐ญ๐ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ฌ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ’ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ: https://www.alliedmarketresearch.com/3d-printing-metal-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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