3D Printing Metal Market Sales, Production, 2022 Technologies and Analysis

3D printing is used for the creation of a three-dimensional object by deposition of layers of printing material. Several metals such as titanium alloys, nickel, aluminum, copper, stainless steel, Inconel, and others are used for 3D printing. Metal 3D printing is a type of additive manufacturing technology that is added to get the finished result rather than being taken away. Increasing penetration of metal 3D printing due to greater design flexibility, low waste, and cost-effectiveness in the overall manufacturing landscape is a key factor driving the market.

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Features of additive manufacturing like freedom of part design, part complexity, light weighting, part consolidation and design for function are garnering particular interests in metal additive manufacturing for aerospace, oil & gas, marine and automobile applications. Powder bed fusion, in which each powder bed layer is selectively fused by using energy source like laser, is the most promising additive manufacturing technology that can be used for manufacturing small, low volume, complex metallic parts.

MARKET DYNAMICS:

Drivers:

- Increasing demand for critical engineering and fabrication applications in the aerospace & defense industry.
- Rising demand for 3D printed metal parts from aerospace & defense and automotive end-use industries.
- Increase in the demand for 3D printed products with high-density and high strength has increased the demand for powder form.
- Rising R&D activities drive the 3D printing metal market.

Restraints:

- Relatively high price of the 3D printing metal

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.

Leading Companies are:
1. 3D Systems Corporation
2. Arcam AB
3. Carpenter Technology Corporation
4. GKN PLC
5. Renishaw PLC
6. Sandvik AB
7. Hoganas AB
8. Voxeljet AG
9. LPW Technology Ltd.
10. EOS GmbH Electro Optical Systems

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