3D Printing Metals Market May See a Big Move and Forecast to 2030 - Digital Journal

2022-07-23 04:01:04 By : Mr. Roger Cao

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The 3D Printing Metals Market is likely to touch USD 2,006.2 million at a 28.12% CAGR between 2021-2027, reveals the new Market Research Future (MRFR) report. 3D printing or metal additive manufacturing, simply put, is a manufacturing technique used for the production of both smaller designs and complex structures. 3D printing metal has assisted manufacturers in designing and developing complex structures with ease. Owing to its wonderful benefits and alluring features, 3D printing metals have wide applications in consumer electronics, building and construction, healthcare, automotive, aerospace & defense, and other industries. 

Leading players profiled in the global 3D printing metals market report include SLM Solutions (Germany), Optomec, Inc (US), Concept Laser GmbH (Germany), Materialise (Belgium), EOS GmbH (Germany), Sandvik AB (Sweden), CRS Holdings Inc (Carpenter Technology Corporation) (US), GKN Aerospace (UK), 3D Systems, Inc (US), Renishaw plc (UK), and Voxeljet AG (Germany). Industry players have used strategies such as expansions, partnerships, and product launches to create a niche in the market. 

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Numerous factors are adding to theglobal 3D printing metals market share. Such factors, according to the recent MRFR report, include the increasing use in automotive and aerospace industries, growing adoption in the healthcare industry to manufacture medical implants, technological advances in the automotive industry, and its alluring features such as greater design flexibility, low waste, and cost-effectiveness. Besides, regulatory authorities are pressing manufacturers in using products that are eco-friendlier, which again is adding to market growth. 

On the contrary, the high price of metal powder & industrial-grade printers, processing difficulties, and the requirement for high-grade raw material may limit the global 3D printing metals market growth over the forecast period. 

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The MRFR report provides an inclusive segmental analysis of the global 3D printing metals market based on material, form, technology, and application. 

By material, the global 3D printing metals market is segmented into Inconel, nickel, stainless steel, aluminum, titanium, and others. 

By form, the global 3D printing metals market is segmented into filament and powder. 

By technology, the global 3D printing metals market is segmented into material jetting, binder jetting, sheet lamination, material extrusion, vat photopolymerization, and others. 

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By application, the global 3D printing metals market is segmented into consumer electronics, building and construction, healthcare, automotive, aerospace & defense, and others. 

By region, the global 3D printing metals market covers the growth opportunities and recent trends across Europe, North America, the Middle East & Africa (MEA), Latin America, and the Asia Pacific (APAC). Of these, the APAC region will command the largest share in the market over the forecast period. Factors adding to the growth of the 3D printing metals market in the region include increasing investments in 3D printing by private and government institutions alike, burgeoning demand for 3D printing metals, presence of developing countries namely China & India, and increasing investments in consumer electronics, healthcare, and building & construction industries. China is the key contributor in the region as it is a leading consumer and manufacturer of 3D printing metals worldwide. 

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The 3D printing metals market in North America is predicted to have favourable growth over the forecast period for the presence of several top aerospace companies, high defense expenditure, and rising integration of technological advancements. The US is the key contributor in the region. 

The 3D printing metals market in Europe is predicted to have notable growth over the forecast period for the flourishing aviation industry. 

The 3D printing metals market in the MEA is predicted to have steady growth over the forecast period. 

March 2020: Rapidia, Canada based metal 3D printing company, has opened a new facility in Libertyville for expanding its operations in the United States. 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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