Additive Manufacturing with Metal Powders Market To Witness A Phenomenal Growth

Positive application scope in aerospace industry in making engine, turbine parts and interiors should trigger additive manufacturing with metal powders market growth. Over 20% of aerospace engineering companies are using this technology to make tooling components. The industry is constantly putting effort to minimize aircraft weight by using lightweight metals such as stainless steel, titanium, aluminum, and copper. Growing trust for these technologies in aerospace firms, should minimize costs for developing models and prototypes, resulting in additive manufacturing with metal powders market growth.

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Additive Manufacturing with Metal Powders Market size is expected to cross USD 1.1 billion by 2024; according to a new research report by Global Market Insights, Inc.

Increase in trend towards adoption of prototype has led to the development and validation of design faster along with reduction in production time & cost in various industrial sectors which has stimulated additive manufacturing with metal powders market demand. Increasing E&P activities in oil & gas sector has forced manufacturers for various technological advancements in 3D printing for efficient oil recovery, thereby propagating metal additive manufacturing market growth.

Additive manufacturing with metal powders market size from oil & gas application is likely to be valued at over USD 45 million over the projected timespan. Prototyping and modelling for exploration and operational equipment, chemical injection stick tools, gears, impellers, pipeline rigs, nozzles for downhole cleanout tools, control valve components, large scale downhole tools and sealing accessories including O rings are produced through 3D printing which are used in the industry. Increased usage of these technologies in making complex components for oil & gas industries, while cutting costs, reducing emissions and boosting performance, should trigger additive manufacturing with metal powders demand.

Aluminum alloys from additive manufacturing with metal powders market demand should witness gains over 27% upto 2024. Components manufactured from aluminum powder have usage in automotive, motor racing and general engineering as it is light and rigid. Superior properties such as corrosion resistance, durability and welding properties make aluminum metal powders suitable for automotive industries, thus enhancing product demand.

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PBF technology from additive manufacturing with metal powders demand would surpass USD 950 million up to 2024. This technique along with titanium powder is widely used to make orthopedic devices owing to cost-effectiveness and less lead time. DMLS technique from this particular technology is used in making prototypes and end products.

UK additive manufacturing with metal powders market demand should witness growth at over 25% during the forecast timeline. Laser Engineering Net Shape (LENS) and Electron Beam Melting (EBM) technique is widely used in making of complex geometrical structures for automotive and aerospace sectors. Increased production and sales of motor vehicles along with demand of lightweight vehicles in the region should favor industry growth.

GE, 3D Systems, EOS, Pratt & Whitney, Optomec, Renishaw, Arcam, ExOne and Trumpf are the some of the industry participants in additive manufacturing with metal powders market. Manufacturers are engaging in partnerships and collaborations to strengthen their global presence along with increased investments in AM equipment and research to further develop the technology may drive metal 3D printing market demand.

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Chapter 2 Executive Summary
2.1 Additive manufacturing with metal powders industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Manufacturing technique trends
2.1.4 Material trends
2.1.5 Application trends

Chapter 3 Additive Manufacturing with Metal Powders Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/partnerships
3.3.2.2 Distributors
3.3.2.3 Service providers
3.3.2.4 Technology providers
3.3.3 Profit margin analysis
3.4 Pricing analysis
3.4.1 Regional pricing analysis
3.4.2 Cost structure analysis
3.5 Technology landscape
3.5.1 Powder bed fusion
3.5.2 Blown powder
3.5.3 Binder jetting
3.6 Technology comparison
3.7 Powder Characteristics
3.8 Regulatory landscape
3.8.1 ASTM International
3.8.1.1 ISO / ASTM52910 – 17: Standard Guidelines for Design for Additive Manufacturing
3.8.1.2 ASTM F2924 - 14: Standard Specification for Additive Manufacturing Titanium-6 Aluminum-4 Vanadium with Powder Bed Fusion
3.8.1.3 ASTM F3001 - 14: Standard Specification for Additive Manufacturing Titanium-6 Aluminum-4 Vanadium ELI (Extra Low Interstitial) with Powder Bed Fusion
3.8.1.4 ASTM F3049 - 14: Standard Guide for Characterizing Properties of Metal Powders Used for Additive Manufacturing Processes
3.8.1.5 ASTM F3187 - 16: Standard Guide for Directed Energy Deposition of Metals
3.8.2 Europe Union Horizon 2020 Programme (H2020)
3.8.3 ISO Standards
3.8.3.1 ISO 17296-4:2014
3.8.3.2 ISO/ASTM 52901:2017
3.8.4 China
3.8.4.1 China Food and Drug Administration (CFDA)
3.8.4.1.1 Introduction
3.8.4.1.2 Application
3.8.4.1.3 Product testing
3.8.4.1.4 Evaluation

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