Additive Manufacturing with Metal Powders Market By Application, Material, Region – Forecast To 2024
More Information @ http://bit.ly/2sKemHW Additive Manufacturing with Metal Powders Market size was above USD 215 million in 2016 and industry expects significant gains to surpass 4.5 kilo tons by 2024.
More Information @ http://bit.ly/2sKemHW
Additive Manufacturing with Metal Powders Market size was above USD 215 million in 2016 and industry expects significant gains to surpass 4.5 kilo tons by 2024.
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<strong>Additive</strong> <strong>Manufacturing</strong> <strong>with</strong> <strong>Metal</strong> <strong>Powders</strong> <strong>Market</strong><br />
in Germany to hit USD 70 million by <strong>2024</strong>: Global<br />
<strong>Market</strong> Insights, Inc.<br />
The Latest Research Report on “<strong>Additive</strong> <strong>Manufacturing</strong> <strong>with</strong> <strong>Metal</strong> <strong>Powders</strong><br />
<strong>Market</strong>”, Increase in trend towards adoption of prototype has led to the development<br />
and validation of design faster along <strong>with</strong> reduction in production time & cost in<br />
various industrial sectors which has stimulated additive manufacturing <strong>with</strong> metal<br />
powders market demand. Increasing E&P activities in oil & gas sector has forced<br />
manufacturers for various technological advancements in 3D printing for efficient oil<br />
recovery, thereby propagating metal additive manufacturing market growth. <strong>Additive</strong><br />
<strong>Manufacturing</strong> <strong>with</strong> <strong>Metal</strong> <strong>Powders</strong> <strong>Market</strong> size is expected to cross USD 1.1 billion<br />
by <strong>2024</strong>; according to a new research report by Global <strong>Market</strong> Insights, Inc.<br />
Positive application scope in aerospace industry in making engine, turbine parts and<br />
interiors should trigger additive manufacturing <strong>with</strong> metal powders market growth.<br />
Over 20% of aerospace engineering companies are using this technology to make<br />
tooling components. The industry is constantly putting effort to minimize aircraft<br />
weight by using lightweight metals such as stainless steel, titanium, aluminum, and<br />
copper. Growing trust for these technologies in aerospace firms, should minimize<br />
costs for developing models and prototypes, resulting in additive manufacturing <strong>with</strong><br />
metal powders market growth.<br />
<strong>Additive</strong> manufacturing <strong>with</strong> metal powders market size from oil & gas application is<br />
likely to be valued at over USD 45 million over the projected timespan. Prototyping<br />
and modelling for exploration and operational equipment, chemical injection stick<br />
tools, gears, impellers, pipeline rigs, nozzles for downhole cleanout tools, control<br />
valve components, large scale downhole tools and sealing accessories including O<br />
rings are produced through 3D printing which are used in the industry. Increased<br />
usage of these technologies in making complex components for oil & gas industries,<br />
while cutting costs, reducing emissions and boosting performance, should trigger<br />
additive manufacturing <strong>with</strong> metal powders demand.<br />
U.S. additive manufacturing <strong>with</strong> metal powders market size may exceed USD 400<br />
million during the forecast timeframe. Growing health concerns, ageing population<br />
and long track of chronic disease coupled <strong>with</strong> strong regulatory regimes regarding<br />
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medical device industry should propel regional demand. Improvement in long-term<br />
patient outcomes for surgeries and treatment along <strong>with</strong> growing oral rehabilitation<br />
demand should surge technology growth in the region.<br />
Stainless steel, aluminum, cobalt, nickel and titanium powders are the prominent raw<br />
materials used in the additive manufacturing <strong>with</strong> metal powders method.<br />
Infringement law issues regarding the product and the technology along <strong>with</strong> volatility<br />
in regional raw material prices may impact demand supply gap and hinder industry<br />
profitability.<br />
U.S. <strong>Additive</strong> <strong>Manufacturing</strong> <strong>with</strong> <strong>Metal</strong> <strong>Powders</strong> <strong>Market</strong> Size, <strong>By</strong> <strong>Application</strong>,<br />
2016 & <strong>2024</strong>, (USD Million)<br />
Browse key industry insights spread across 730 pages <strong>with</strong> 1,100 market data tables<br />
& 95 figures & charts from the report, “<strong>Additive</strong> <strong>Manufacturing</strong> <strong>with</strong> <strong>Metal</strong><br />
<strong>Powders</strong> <strong>Market</strong> Size <strong>By</strong> <strong>Manufacturing</strong> Technique (Powder Bed {Direct <strong>Metal</strong><br />
Laser Sintering, Selective Laser Melting, Electron Beam Melting}, Blown<br />
Powder {Direct <strong>Metal</strong> Deposition, Laser Engineering Net Shape}), <strong>By</strong> <strong>Material</strong><br />
(Alloy {Titanium, Cobalt, Copper, Nickel, Aluminum}, Stainless Steel<br />
{Austenitic Steel, Martensitic Steel, Duplex Steel, Ferritic Steel}, Other Steel<br />
{High Speed Steel, <strong>To</strong>ol Steel, Low Alloy Steel}, Precious <strong>Metal</strong>), <strong>By</strong><br />
<strong>Application</strong> (Aerospace, Automotive, Medical, Oil & Gas), Industry Analysis<br />
Report, <strong>Region</strong>al Outlook (U.S., Canada, Germany, UK, France, Italy, Spain,<br />
Russia, Poland, China, Japan, India, South Korea, Australia, Taiwan, Brazil,<br />
Mexico, Argentina, Saudi Arabia, UAE, South Africa), <strong>Application</strong> Development<br />
Potential, Price Trend, Competitive <strong>Market</strong> Share & <strong>Forecast</strong>, 2017 <strong>–</strong> <strong>2024</strong>” in<br />
detail along <strong>with</strong> the table of contents:<br />
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https://www.gminsights.com/industry-analysis/additive-manufacturing-<strong>with</strong>-metalpowders-market<br />
Aluminum alloys from additive manufacturing <strong>with</strong> metal powders market demand<br />
should witness gains over 27% upto <strong>2024</strong>. Components manufactured from<br />
aluminum powder have usage in automotive, motor racing and general engineering<br />
as it is light and rigid. Superior properties such as corrosion resistance, durability and<br />
welding properties make aluminum metal powders suitable for automotive industries,<br />
thus enhancing product demand.<br />
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PBF technology from additive manufacturing <strong>with</strong> metal powders demand would<br />
surpass USD 950 million up to <strong>2024</strong>. This technique along <strong>with</strong> titanium powder is<br />
widely used to make orthopedic devices owing to cost-effectiveness and less lead<br />
time. DMLS technique from this particular technology is used in making prototypes<br />
and end products.<br />
UK additive manufacturing <strong>with</strong> metal powders market demand should witness<br />
growth at over 25% during the forecast timeline. Laser Engineering Net Shape<br />
(LENS) and Electron Beam Melting (EBM) technique is widely used in making of<br />
complex geometrical structures for automotive and aerospace sectors. Increased<br />
production and sales of motor vehicles along <strong>with</strong> demand of lightweight vehicles in<br />
the region should favor industry growth.<br />
GE, 3D Systems, EOS, Pratt & Whitney, Optomec, Renishaw, Arcam, ExOne and<br />
Trumpf are the some of the industry participants in additive manufacturing <strong>with</strong> metal<br />
powders market. Manufacturers are engaging in partnerships and collaborations to<br />
strengthen their global presence along <strong>with</strong> increased investments in AM equipment<br />
and research to further develop the technology may drive metal 3D printing market<br />
demand.<br />
Industry impact forces:<br />
1 Growth drivers<br />
1.1 North America: Technological advancements in medicine industry<br />
1.2 Europe: Enhanced application scope in automotive and aerospace sector<br />
1.3 Asia Pacific: Government initiatives to enhance additive manufacturing<br />
technology<br />
1.4 MEA: Replacement of conventional technology in oil & gas exploration and<br />
production activities<br />
2 Industry pitfalls & challenges<br />
2.1 Technological limitation<br />
2.2 Intellectual property issues<br />
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