3D Printing Metals Market

3D Printing Metals Market Insights

"The global 3D printing metals market was estimated at US$ 1.62 billion in 2022 and is expected to grow at a healthy CAGR of 31% during 2023-2028 to reach US$ 8.3 billion by 2028."

Want to get a free sample? Register Here

Introduction

3D Printing Metals are used in additive manufacturing technology where these metals are used to create a three-dimensional structure by adding successive layers one after another until the final object has been formed. Metals are among the major materials in 3D printing (or additive manufacturing). Titanium, nickel, aluminum, stainless steel, etc. are the major metals used in 3D printing. The 3D printing metals market is at a nascent stage with prototyping as its major application.

3D Printing Metals Market Dynamics

3D printing metals market drivers :

• Growing demand from healthcare industry – 3D printing metals are increasingly utilized in healthcare due to the industry's demand for lightweight and reliable materials. This technology enables the production of customized medical equipment and prosthetics tailored to individual's needs. With only 1 in 10 people globally having access to assistive products like prosthetic limbs, 3D printing offers a cost-effective solution that addresses both customization and availability challenges.
• Increased demand from aerospace and defence - Aerospace industry is the  of 3D printing metal as these metal components are lightweight and powerful. The advancements in 3D printing metal enables the production of complex structures with high precision, better fuel efficiency, lower emissions, and better overall performance.
• Automotive industry – 3D printing metals are utilized to create customized car parts that are lighter in weight with higher performance. Lightweight materials offer great potential for increasing vehicle efficiency, a 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement. Additionally, it is beneficial for producing on-demand spare parts of outdated versions of vehicles.

3D printing metals market challenges :

• Post-processing and finishing – 3D printed metals require complex post processing to achieve desired properties and smooth surface finish. This involves processes like machining, polishing, and processing to attain desired level of smoothness, adding up to significant time and cost.
• Cracking of metal – Another challenge faced during 3D printing of metals is cracking, if the powdered metal does not melt properly it can lead to cracks in the material. Material selection or metal powder quality, low metal powder quality can lead to cracks due to non-uniform particle size, resulting in the lower end product quality.
• Limited metal materials – Currently, there are only limited range of metal powders utilized in 3D printing, including stainless steel, titanium, nickel and metal alloys, which can restrict its application in certain industries.

3D Printing Metals Market Segments' Analysis

Want to get a free sample? Register Here

Form Insights

The 3D printing metals market is divided into powder form, filament form and others. The powder form has accounted for the largest share in this market and is anticipated to maintain its dominance during the forecast period due to its capability of fabricating complex and lightweight structures with high accuracy. The spherical shape of the metal powder particles is ideal for producing the components with high density, strength and uniformity. Metal powder-based 3D printing is widely used in automotive industry, and aerospace & defence industry, for the production of their engine components and spare parts.

Metal Insights

The market for 3D printing metals by metal type is divided into titanium, aluminium, nickel, stainless steel, silver, gold, and others. Titanium is leading the market with largest share because of its characteristics like lightweight, high tensile strength, excellent heat resistance and corrosion resistance. The expansion of titanium metal is due to the increasing need for 3D printed metal components from the automotive, and aerospace & defence industries.

End-Use Insights

The market is categorized as aerospace & defence, automotive, and medical. Aerospace & defence is the leading end-user industry in this market and is set register the highest growth in the coming years.  Growing demand from the aerospace & defence sector is due to the need for lightweight and high-performance components with intricate geometries, tailored according to the specific needs. 3D printing metals are used to manufacture special nozzles, brackets, etc. without altering the mold designs and manufacturing process, resulting in reduced overall component weight.

Regional Insights

In terms of region, North America has dominated the 3D printing metals market. The growing aerospace & defence sector and healthcare sector in this region has significantly driven the growth.

North America, particularly the U.S., is the center for production of the aerospace and defence components, necessitating advanced production technologies. This enables the region to manufacture high-performance components, which in turn fuels a strong demand for 3D printing metals. In addition, 3D printing metals also have significant applications in the healthcare and automotive sectors in North America.

Asia-pacific region is projected to record the fastest growth in 3D printing metals market throughout the forecast period. The growth is driven by the developing nations’ aim towards rapid industrialization and increased adoption of advanced manufacturing technologies.

Want to get a free sample? Register Here

Key Players

Some of the major 3D printing metal manufacturers are

• 3D Systems Corporation
• EOS GmbH
• GE Additive
• Hoganas AB
• Materialise NV
• Renishaw plc
• Sandvik AB
• Stratasys Ltd.
• The Exone Company
• Voxeljet AG

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

What deliverables will you get in this report?

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s 3D printing metals market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.