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Additive Manufacturing (AM) with Metal Powders Market Size Worth USD 3476.2 Million in 2032 | Emergen Research
Additive Manufacturing (AM) with Metal Powders Market
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Market Drivers
A key driver for market growth is the escalating adoption of additive manufacturing across diverse industries such as aerospace and defense, automotive, medical, and dental. Additive Manufacturing (AM), commonly known as 3D printing, offers unprecedented flexibility in fabricating intricate components, presenting new avenues for enhancing product performance and functionality.
Furthermore, the pursuit of fuel efficiency and sustainability in industries like aerospace and automotive is fostering innovation, leading to the development of lighter yet structurally robust components. Recent funding initiatives, such as the USD 8 million awarded to Equispheres for scale manufacturing of unique metal powders, underscore the momentum driving the market forward.
Moreover, advancements in manufacturing processes, including gas atomization and induction melted bar atomization, are contributing to the market's growth trajectory. These processes enable the production of high-quality metal powders tailored for additive manufacturing applications, catering to the evolving needs of various industries.
Market Restraints
Despite the promising growth outlook, the market faces constraints such as technological limitations and high material costs. Challenges associated with post-processing to achieve desired quality standards and the inherent complexities of additive manufacturing processes pose hurdles to widespread adoption.
Additionally, the technology's slow build rates and limited capacity for mass production impede the realization of economies of scale, restraining market expansion.
Market Trends
Emerging trends such as Electron Beam Melting (EBM) and Direct Metal Laser Sintering (DMLS) are reshaping the landscape of metal powder additive manufacturing. These technologies offer opportunities to lower production costs, cycle times, and component weight, thereby enhancing efficiency and competitiveness across industries.
Moreover, the segment-wise analysis reveals promising growth prospects, with materials such as stainless steel and alloys driving market expansion. Stainless steel's versatility and alloys' unique properties make them indispensable in industries ranging from automotive to aerospace.
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Market Segment Insights
The market segmentation based on manufacturing techniques highlights the dominance of powder bed technology, particularly in automotive and aerospace applications. However, the blown powder segment, propelled by Directed Energy Deposition (DED), is poised for rapid growth due to its precise control over the deposition process and cost-effectiveness.
End-Use Industry Insights
Among end-use industries, medical and dental applications are poised to witness significant growth, driven by increasing health concerns and the demand for innovative medical devices. Additionally, the aerospace and defense sector remains a key contributor to market revenue, leveraging additive manufacturing for cost savings, component consolidation, and enhanced performance.
Additive Manufacturing with Metal Powders Top Companies and Competitive Landscape
The global Additive Manufacturing (AM) with metal powders market is moderately fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Additive Manufacturing (AM) with metal powders solutions.
Some major players included in the global Additive Manufacturing (AM) with metal powders market report are:
• Advanced Technology & Materials Co., Ltd.
• ATI Inc.
• CRS Holdings, LLC.
• GKN Sinter Metals Pvt. Ltd.
• Höganäs AB
• LIBERTY Steel Group
• Polema
• RusAL
• Sandvik AB
• Rio Tinto
• Renishaw plc.
• Praxair
• Arconic
• Miba AG
• Matsuura Machinery Ltd
• 3D system Corporation
• Aubert & Duval
• BÖHLER GmbH & Co KG
• Metaldyne Performance Group Inc.
• ExOne
Additive Manufacturing with Metal Powders Latest Industry Updates
• In November 2020, Mitsubishi Power, a part of the Mitsubishi Heavy Industries (MHI) Group, signed a technology licensing agreement with Aubert & Duval, a metal processing company based in France, for the formulation and manufacturing of 3D printable metal powders. The agreement is the first step toward the full-scale launch of Mitsubishi Power's additive manufacturing business, which will combine Aubert and Duval's metal powder expertise with Mitsubishi's patented 3D printing technologies.
• On 03 May 2022, SLM Solutions Group AG introduced the SLM800, a new metal additive manufacturing system. The SLM800 efficiently constructs large components and opens up new production opportunities. To enable successful large builds, all of SLM Solutions' patented inventions have been scaled up and combined with features such as a metal recoating brush, permanent filter module, and centralized powder supply. The system has a huge build volume and a modular design that makes customization and scalability simple. It also contains advanced process controls, which allow for the fabrication of high-quality parts with exceptional precision and surface perfection.
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Additive Manufacturing with Metal Powders Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global Additive Manufacturing (AM) with metal powders market on the basis of material, manufacturing technique, end-use industry, and region:
• Material Outlook (Revenue, USD Million; 2019-2032)
o Stainless steel
o Alloys
o Others
• Manufacturing Technique Outlook (Revenue, USD Million; 2019-2032)
o Powder Bed
o Blown Powder
• End-Use Industry Vertical Outlook (Revenue, USD Million; 2019-2032)
o Aerospace and defense
o Automotive
o Medical and Dental
o Tooling
• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
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Emergen Research
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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