Additive Manufacturing with Metal Powders Market 2020 | Top Key Players - ReaLizer GmbH, Renishaw PLC, Sandvik Group, STELIA Aerospace, Shaanxi Hengtong Intelligent Machine Co., Ltd, Sigma Labs

Global Market Insights, Inc., forecasts that global additive manufacturing with metal powders market size will reach a valuation of more than US$8.1 billion by 2026.

Additive manufacturing (AM), also known as additive layer manufacturing (ALM) or 3D printing, is used to build 3D objects by adding materials layer-by-layer. Although thermoplastics drew majority of the attention in the early days of additive manufacturing, the range of material options continues to grow wider.

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Materials such as metals, glass, ceramics, composites, concrete, paper, graphene-embedded plastics, bio-inks, food, and yarn can be used in 3D printing to create industrial, automotive, and aerospace components, and even artificial organs and soft tissues in the near future. The technology serves as a transformational approach to industrial manufacturing that enables the production of stronger and lighter parts and systems.

High-quality metal powder is very important for efficient power bed fusion in 3D printing. A number of different metals, such as titanium, stainless steel, steel, copper, aluminum, cobalt, as well as precious metals like gold, silver, platinum, and palladium can be made available in powdered form to suit exact process requirements.

Which metals will witness a significant demand in the future?

While it is still in its early stages, metal additive manufacturing technology plays a key role in propelling the growth of the global additive manufacturing industry. It helps manufacturers build stronger and lighter components, improve efficiency, lower emissions, minimize waste, and reduce the time to market. Aluminum, steel, nickel, and titanium are among the most used metals in myriad industries. Steel is prominently used in the automotive sector, while nickel is widely preferred in aircraft and aerospace applications.

In May 2019, SME, a non-profit organization committed to supporting and promoting the manufacturing industry, conducted a Metal AM survey of over 300 additive manufacturing professionals, from design engineers to production managers and educators.

The survey revealed that aluminum, titanium and steel were the top three metals anticipated to experience a strong demand in 3D metal printing. In addition, it is estimated that majority of the growth in metal additive manufacturing will come from North America, followed by Europe and Asia Pacific.

3D metal printing in automotive component manufacturing

The automotive sector has been a pioneer in the use an integration of 3D metal printing into manufacturing operations. The technology could help carmakers create lighter, cleaner, and safer vehicles with lower costs and shorter lead times. Presently, automakers are exploring ways to reduce weight and enhance fuel-efficiency of vehicles to meet fuel standards and emission norms and deliver greater value to customers.

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The use of metal additive manufacturing in their design iterations and development cycles can help automakers produce the most efficient components and systems in the shortest possible time. The technology also helps cut tooling costs as it can be sued to directly manufacture final parts and completely eliminate the need for tooling. The technology was already used by McLaren’s F1 team to build lighter components for their race car.

Several technological limitations such as lack of consistency in manufactured products and smaller build envelopes might hamper the industry growth. However, ease in the production of complex parts and components used in the automotive and aerospace sectors will augment the market attraction. In addition, the presence of established automakers in North America and Europe will complement the regional additive manufacturing with metal powder industry outlook.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.