Category : Chemicals and Materials | Published at : January-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global additive manufacturing with metal powders market is expected to grow at a CAGR of around 19.6% from 2019 to 2026 and expected to reach the market value of around US$ 1.98 Bn by 2026.
Additive manufacturing with metal powders are mainly used in aerospace, automotive, medical, oil & gas applications. The additive manufacturing with metal powders are used for creating objects and substances by adding materials layer by layer in a variety of ways, depending on the manufacturing technique used. Additive manufacturing with metal powders are available in various types including alloy, stainless steel, precious metal, and others. The growing demand for metal products and increase in demand for consumer products across the globe further grows the demand for additive manufacturing with metal powders. This expected to enhance the production to meet the growing consumption of additive manufacturing with metal powders over the forecast period.
Market Dynamics
The growth of the additive manufacturing with metal powders market is primarily driven by the growing applications of additive manufacturing with metal powders in various medical applications, reduced production time and mass customization of additive manufacturing with metal powders, and multi-functionality of additive manufacturing with metal powders. Furthermore, increase in demand of additive manufacturing with metal powders in automotive and aerospace applications, and increase in research and development in metal powders, is estimated to boost the market growth. Moreover, growing medical and pharmaceutical industries, increasing government investments in additive manufacturing with metal powders, and adoption of different technology in additive manufacturing with metal powders, additive manufacturing with metal powders, and increase in innovation and development in additive manufacturing with metal powders are expected to create opportunities for the manufacturers in the global market over the forecast period. However, volatile prices of raw materials, stringent government regulations regarding use of materials are expected to hamper the growth of the global additive manufacturing with metal powders market in the coming years.
By material, alloy segment dominated the additive manufacturing with metal powders market
Based on application, the market has been segmented into alloy, stainless steel, precious metal, and others. The alloy segment accounts of the largest share in the market and are expected to grow at a CAGR of around 19.8% during the forecast period.
The major factors that are driving the growth of this segment are the rising demand of alloy due to cheaper, easily moldable, and formable and used in various applications such as automotive components, hearing aids, prototyping, and surgical guides. The manufacturers 3D Systems Corporation, Matsuura Machinery Corporation, and Hoeganaes Corporation are the mainly investing in the development of alloy, which expected the lead the market in the coming years.
The market research study on “Additive Manufacturing with Metal Powders Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global additive manufacturing with metal powders market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global additive manufacturing with metal powders market, its manufacturing technique, application, material, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global additive manufacturing with metal powders market size and volume, and segment markets by manufacturing technique, application, material, and geography along with the information on companies operating in the market. The additive manufacturing with metal powders market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the additive manufacturing with metal powders market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of additive manufacturing with metal powders in various end user industries, growing development metal industry, and growing miniaturization of electronic devices in various industries are the major driving factor for the region in the global market. Moreover, the well established research and development centres and rise in number of manufacturers and strong economy to support research funding are expected to enhance the market growth in the global additive manufacturing with metal powders market in future. Moreover, ageing population and growing demand for customized metal manufacturing in countries, such as US, Canada, and Mexico, are expected to enhance the market growth in the global additive manufacturing with metal powders market during the forecast. Europe is expected to hold the second largest in the global market during the forecast period. Growing medical industry, development of new medical and aerospace devices, growing automobile industry, and increase in product ion base, rising number of additive manufacturers are expected to enhance the market growth in the global additive manufacturing with metal powders market during the forecast.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. The growing medical device industry, increase in innovation and development in additive manufacturing, rapid industrialization, growing foreign direct investment, rising production base of medical device and automotive component industry, are expected to enhance the market growth in the global additive manufacturing with metal powders market during the forecast.
The players profiled in the report include 3D Systems Corporation, Matsuura Machinery Corporation, Hoeganaes Corporation, Sandvik Group, and Shaanxi Hengtong Intelligent Machine Co., Lt, Praxair Surface Technologies, Cookson Precious Metals Ltd, Carpenter Technologies Corp., Farsoon Technologies, and Plunkett Associates. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Material
- Alloy
- Stainless Steel
- Precious Metal
- Others
Market By Application
- Aerospace
- Automotive
- Medical
- Oil & Gas
- Others
Market By Manufacturing Technique
- Powder Bed
- Blown Powder
Market By Geography
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
Additive manufacturing with metal powders are mainly used in aerospace, automotive, medical, oil & gas applications.
Factors such as growing applications of additive manufacturing with metal powders in various medical applications, reduced production time and mass customization of additive manufacturing with metal powders restrain the additive manufacturing with metal powders market growth.
According to Acumen Research and Consulting, the additive manufacturing with metal powders market value is anticipated to be worth around US$ 1.98 billion in 2026.
The additive manufacturing with metal powders market is anticipated to grow over 19.6% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for additive manufacturing with metal powders market.
Asia Pacific is projected to grow at a fast pace during forecast period in the additive manufacturing with metal powders market.
BASF SE, Biocatalyst, AB Enzymes, Advanced Enzymes Technologies, E. I. du Pont de Nemours and Company, Associated British Foods plc and Koninklijke DSM N.V are the top players operating in the additive manufacturing with metal powders market.
