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Additive Manufacturing with Metal Powders Market latest Trends and New Technologies Research Forecast to 2026

Author : Ravi Chawat | Published Date : 2020-09-23 

According to a new research report by Global Market Insights, Inc. Additive Manufacturing with Metal Powders Market size is expected to cross USD 1,847.8 million by 2026.

Additive manufacturing with metal powders market size from oil & gas application is likely to be valued at over USD 45 million over the projected timespan. Prototyping and modelling for exploration and operational equipment, chemical injection stick tools, gears, impellers, pipeline rigs, nozzles for downhole cleanout tools, control valve components, large scale downhole tools and sealing accessories including O rings are produced through 3D printing which are used in the industry. Increased usage of these technologies in making complex components for oil & gas industries, while cutting costs, reducing emissions and boosting performance, should trigger additive manufacturing with metal powders demand.

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Positive application scope in aerospace industry in making engine, turbine parts and interiors should trigger additive manufacturing with metal powders market growth. Over 20% of aerospace engineering companies are using this technology to make tooling components. The industry is constantly putting effort to minimize aircraft weight by using lightweight metals such as stainless steel, titanium, aluminum, and copper. Growing trust for these technologies in aerospace firms, should minimize costs for developing models and prototypes, resulting in additive manufacturing with metal powders market growth.

Increase in trend towards adoption of prototype has led to the development and validation of design faster along with reduction in production time & cost in various industrial sectors which has stimulated additive manufacturing with metal powders market demand. Increasing E&P activities in oil & gas sector has forced manufacturers for various technological advancements in 3D printing for efficient oil recovery, thereby propagating metal additive manufacturing market growth.

Stainless steel, aluminum, cobalt, nickel and titanium powders are the prominent raw materials used in the additive manufacturing with metal powders method. Infringement law issues regarding the product and the technology along with volatility in regional raw material prices may impact demand supply gap and hinder industry profitability.

PBF technology from additive manufacturing with metal powders demand would surpass USD 950 million up to 2024. This technique along with titanium powder is widely used to make orthopedic devices owing to cost-effectiveness and less lead time. DMLS technique from this particular technology is used in making prototypes and end products.

Additive manufacturing with Metal Powders market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:

Additive Manufacturing with Metal Powders Market, By Manufacturing Technique

• Powder Bed
• Direct Metal Laser Sintering (DMLS)
• Selective Laser Melting (SLM)
• Electron Beam Melting (EBM)
• Blown Powder
• Direct Metal Deposition (DMD)
• Laser Engineering Net Shape (LENS)

Additive Manufacturing with Metal Powders Market, By Material
• Alloy
• Titanium
• Cobalt
• Copper
• Nickel
• Aluminum
• Stainless Steel
• Austenitic Steel
• Martensitic Steel
• Duplex Steel
• Ferritic Steel
• Other Steel
• High Speed Steel
• Tool Steel
• Low Alloy Steel
• Precious metals

Additive Manufacturing with Metal Powders Market, By Application
• Aerospace
• Automotive
• Medical
• Oil & Gas
• Others

UK additive manufacturing with metal powders market demand should witness growth at over 25% during the forecast timeline. Laser Engineering Net Shape (LENS) and Electron Beam Melting (EBM) technique is widely used in making of complex geometrical structures for automotive and aerospace sectors. Increased production and sales of motor vehicles along with demand of lightweight vehicles in the region should favor industry growth.

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UK additive manufacturing with metal powders market demand should witness growth at over 25% during the forecast timeline. Laser Engineering Net Shape (LENS) and Electron Beam Melting (EBM) technique is widely used in making of complex geometrical structures for automotive and aerospace sectors. Increased production and sales of motor vehicles along with demand of lightweight vehicles in the region should favor industry growth.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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