Metal Powder for Additive Manufacturing Market Set for Robust Growth as 3D Printing Revolutionizes Manufacturing | Valuates Reports

Metal Powder for Additive Manufacturing Market
The global Metal Powder for Additive Manufacturing market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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Market Trends for Metal Powder for Additive Manufacturing Market
1. Rising Adoption of 3D Printing in Industries:
o Industries like aerospace, automotive, and healthcare are leveraging additive manufacturing for creating complex and lightweight components, driving the demand for metal powders.
2. Advancements in Powder Manufacturing Technologies:
o Improvements in atomization, plasma spheroidization, and other processes are ensuring higher quality, consistency, and performance of metal powders.
3. Increasing Use of Lightweight Materials:
o The shift toward lightweight designs in aerospace and automotive sectors is boosting demand for metal powders such as titanium and aluminum alloys.
4. Growth in Customization and Prototyping:
o Additive manufacturing enables rapid prototyping and mass customization, increasing the need for high-quality metal powders.
5. Expansion in Healthcare Applications:
o Use of additive manufacturing for surgical implants, dental restorations, and prosthetics is propelling demand for biocompatible metal powders.
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Challenges in the Metal Powder for Additive Manufacturing Market
1. High Costs of Metal Powders:
o Premium metal powders such as titanium and cobalt alloys are expensive, limiting their usage in cost-sensitive applications.
2. Complexity in Material Handling:
o Handling and storing metal powders require stringent safety measures due to their reactive and combustible nature.
3. Limited Expertise and Technical Knowledge:
o Lack of skilled professionals and expertise in additive manufacturing hinders market growth, especially in emerging regions.
4. Regulatory Hurdles:
o Strict quality standards and certifications for aerospace, medical, and other critical industries can delay product approval and adoption.
5. Dependence on Raw Material Availability:
o The availability and cost of raw materials, such as rare metals, can impact the production and pricing of metal powders.

Segment by Type

• Iron-based
• Titanium-based
• Nickel-based
• Aluminum-based
• Others

Segment by Application

• Aerospace and Defense
• Tool and Mold Making
• Automotive
• Medical
• Others

By Company

Sandvik, GKN Hoeganaes, LPW Technology, Carpenter Technology, Erasteel, GE Additive, Heraeus, Hoganas, HC Starck, AMC Powders, Praxair, EOS, Jingye Group, Osaka Titanium, Aubert & Duval, Kennametal

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