Global Additive Manufacturing with Metal Powders Market Based on Material Type: (Alloy, Stainless Steel), Based on Application: (Automotive Industry, Aerospace Industry), Based on Technology: (Selective Laser Melting (SLM),Electron Beam Melting (EBM),Other Technology) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Additive Manufacturing with Metal Powders Market Overview:

The global additive manufacturing with metal powders market was valued at $590.2 Мn in 2020 and is projected to register а САGR of 20.9% by the year 2028.

“Global Additive Manufacturing (AM) with Metal Powders Market” is the title of an upcoming market report compiled by Marketresearch.biz. Besides critical data and related information, the report will include key trends (both present and future), factors that are expected to influence market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions/countries. The following document will offer an in-depth analysis of revenues, key developments, and strategies by major industry players including vital insights and perspectives into various aspects of this industry. This report will consist of information, data, and inputs from both primary as well as secondary data sources, that have been verified and validated by experts in this market. Additionally, this document will cover imminent threats or challenges from existing contenders, as well as new industry entrants. The segmentation of the global additive manufacturing with the metal powders industry will be presented on the basis of material type, technology, application, as well as regions/countries.

Additive manufacturing, also known as 3D printing, is the process of constructing three-dimensional objects from a digital 3D model, in which material, in this case, metal powders, is deposited, joined, or solidified layer by layer using a 3D printing machine to create the desired object.

Market Dynamics:

Additive manufacturing makes it easy to manufacture components with complex shapes which are substantially difficult to create using other processes. Designing software makes it possible to create nearly any geometric form, such as hollow spaces, honeycombs, etc., this enables the designer to build robust structures that are lightweight.

An additive manufacturing line can produce multiple components simultaneously. This eliminates the need for creating individual parts and assembling them at a later point. These factors make additive manufacturing substantially more preferable compared to other methods of production.
However, an industrial adaptation of additive manufacturing is limited, AM is largely used by small-scale manufacturers to make cost-effective components. Even today, 3D printing is mostly used to make prototypes, and cannot be used for large-scale manufacturing of products.

Nonetheless, AM accounts for a significantly low amount of waste material when compared to traditional manufacturing processes which typically involve removing material from a larger workpiece. Whereas in AM, a component is created by adding layers of raw materials. This factor makes 3D printing increasingly popular among niche markets, which is expected to augment the revenue growth of this segment.

Segmentation of the Global Additive Manufacturing with Metal Powders Market is as follows:

Under the material type segment, the alloy sub-segment accounted for the highest number of revenue shares in the global additive manufacturing with metal powders market in 2020, and it is expected to register a substantial increase in the revenue growth rate over the forecast period. This sub-segment accounted for 69.7% of the market in 2020.

The ‘other metals’ sub-segment is estimated to register a CAGR of 18.9% over the forecast period.

The ‘aerospace industry’ sub-segment is estimated to be the most profitable in the global additive manufacturing with metal powders industry, with an attractiveness index of 4.4, and is expected to register a CAGR of 22% by 2028.

Under the technology-based segment, the electronic beam melting sub-segment achieved a valuation of $86.1 Mn in 2018. However, selective laser melting is expected to register the highest CAGR of 23.2% by the year 2028.

Regional Segmentation and Analysis:

The markets in South America and the MEA accounted for 4.2% and 2.9% respectively of the global revenues generated for the global additive manufacturing with metal powders industry in 2020. However, the markets in the Asia-Pacific region are expected to register the highest CAGR over the forecast period.

Segmentation of the Global Additive Manufacturing with Metal Powders Market:

Based on Material Type:

• Alloy
• Stainless Steel
• Other Materials

Based on Application:

• Automotive Industry
• Aerospace Industry
• Healthcare & Dental Industry
• Academic Institutions
• Other Applications

Based on Technology:

• Selective Laser Melting (SLM)
• Electron Beam Melting (EBM)
• Other Technology

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Key Players:

• EOS GmbH
• General Electric Company (Concept Laser GmbH)
• SLM Solutions Group AG
• 3D Systems Corporation
• Renishaw plc
• The ExOne Company
• Wuhan Binhu Mechanical & Electrical Co. Ltd.
• Bright Laser Technologies ltd.
• Sandvik AB.
• Optomec Inc.

For the Additive Manufacturing with Metal Powders Market research study, the following years have been considered to estimate the market size: