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Global 3D Printing Metal Market Research Report Forecast to 2023
SKU ID : MRF-14810587 | Publishing Date : 01-Sep-2019 | No. of pages : 240
Global 3D Printing Metals Market: Information by Material (Titanium, Aluminum, Stainless Steel, Nickel, Inconel and others), Form (Powder and Filament), Technology (Vat Photopolymerization, Material Extrusion, Sheet Lamination, Binder Jetting, Material Jetting and others), Application (Aerospace & Defense, Automotive, Healthcare, Building & Construction, Consumer Electronics and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2023
Generally, 3D printing metals assist to construct automobile components with dense stats as well as geometries, which is challenging if taken the support of traditional methods. They also extend advantages such as lowered weight, improved energy efficiency and lowering CO2 releases. Therefore, 3D printing drastically lowers the cost and expansion time of efficient, stiff, and robust automotive components. Scientific advancement in the automotive manufacturing is challenging difficult component to apply innovative tools in automobiles such as infotainment capabilities which is expected to push the requirement for global 3D printing metal in the said forecast period. The high-level price of the items is projected to be the main element hindering the expansion of the worldwide. A huge quantity of power is needed throughout the procedure and it is employment exhaustive. The completed merchandise is around 10% of the original material. Hence, for product in the space industry, around 1 kg of completed titanium is acquired from 11 kg of unrefined material. Additionally, the process of mining is complicated and requires high energy intake, which runs to a rise in the price of titanium. Again, titanium has a high melting point, the temperature mandatory for this process is exceptionally high, and the transformation of the metal to ingots accounts for around 30% of the price of the entire procedure.
The Global 3D Printing Metals Market has been segmented and split up by form into powder and filament. The powder division is expected to lead the global market in the upcoming times due to its wide-ranging request in end-use activities across the technologies such as sheet lamination, binder jetting, material jetting, etc. The technology sector has been split into sheet lamination, binder jetting, material extrusion, material jetting, vat photopolymerization and others. The material extrusion portion is anticipated to list a CAGR of around 30.64% among the evaluation cycle. Based by application, the global 3D printing metals market has been categorized into aerospace & defense, automotive, healthcare, consumer electronics, building & construction and other segments too. The aerospace & defense segment conducted the heaviest market share and is forecasted to display a significant of around CAGR 26.93% during the said forecast period due to growing growth from the last 2 years. The healthcare section is estimated to be the greatest expanding sector with around a CAGR of 29.94% during the review phase. Based the material part, the global 3D printing metals market has been divided further into Inconel, titanium, nickel, aluminum, stainless steel, etc. and others. The titanium material piece is likely to register around a CAGR of 28.42%. Aluminum and Nickel materials are also projected to watch an incredible development owing to ever-increasing concentrations in the aerospace and automotive trades respectively.
Geographically the Global 3D Printing Metals Market is split in regions like North America, Europe, Asia-Pacific, and Rest of the world. The requirement for 3D printing metals in Asia-Pacific is comparatively higher as that compared to other areas. The development of the Asia-Pacific marketplace is attributed to the existence of emerging nations such as China & India The main reason after the progress of 3D printing metals market is that these nations are progressing at a speed in terms of populace and budget that eventually outcomes the growth per capita ingestion. The Asia-Pacific market overshadowed the global 3D printing metals market with a substantial share and is anticipated to be the swiftest-rising market during the said forecast period. Growing investments in the building & construction, healthcare, manufacturing and consumer electronics industries in the region is expected to push the expansion of the provincial market during the said forecast period. China is the most important producers and consumer of 3D printing metals altogether.
The proposed spectators in the Global 3D Printing Metals Market are Retailers, distributors, wholesalers, 3D printing metal manufacturers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global 3D Printing Metals Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global 3D Printing Metals Market are companies like EOS GmbH (Germany), Materialise (Belgium), voxeljet AG (Germany), Renishaw plc (UK), 3D Systems, Inc (US), Optomec, Inc (US), CRS Holdings Inc (Carpenter Technology Corporation) (US), Sandvik AB (Sweden), Concept Laser GmbH (Germany), SLM Solutions (Germany) and GKN Aerospace (UK).
Market analysis
Generally, 3D printing metals assist to construct automobile components with dense stats as well as geometries, which is challenging if taken the support of traditional methods. They also extend advantages such as lowered weight, improved energy efficiency and lowering CO2 releases. Therefore, 3D printing drastically lowers the cost and expansion time of efficient, stiff, and robust automotive components. Scientific advancement in the automotive manufacturing is challenging difficult component to apply innovative tools in automobiles such as infotainment capabilities which is expected to push the requirement for global 3D printing metal in the said forecast period. The high-level price of the items is projected to be the main element hindering the expansion of the worldwide. A huge quantity of power is needed throughout the procedure and it is employment exhaustive. The completed merchandise is around 10% of the original material. Hence, for product in the space industry, around 1 kg of completed titanium is acquired from 11 kg of unrefined material. Additionally, the process of mining is complicated and requires high energy intake, which runs to a rise in the price of titanium. Again, titanium has a high melting point, the temperature mandatory for this process is exceptionally high, and the transformation of the metal to ingots accounts for around 30% of the price of the entire procedure.
Market segmentation
The Global 3D Printing Metals Market has been segmented and split up by form into powder and filament. The powder division is expected to lead the global market in the upcoming times due to its wide-ranging request in end-use activities across the technologies such as sheet lamination, binder jetting, material jetting, etc. The technology sector has been split into sheet lamination, binder jetting, material extrusion, material jetting, vat photopolymerization and others. The material extrusion portion is anticipated to list a CAGR of around 30.64% among the evaluation cycle. Based by application, the global 3D printing metals market has been categorized into aerospace & defense, automotive, healthcare, consumer electronics, building & construction and other segments too. The aerospace & defense segment conducted the heaviest market share and is forecasted to display a significant of around CAGR 26.93% during the said forecast period due to growing growth from the last 2 years. The healthcare section is estimated to be the greatest expanding sector with around a CAGR of 29.94% during the review phase. Based the material part, the global 3D printing metals market has been divided further into Inconel, titanium, nickel, aluminum, stainless steel, etc. and others. The titanium material piece is likely to register around a CAGR of 28.42%. Aluminum and Nickel materials are also projected to watch an incredible development owing to ever-increasing concentrations in the aerospace and automotive trades respectively.
Regional analysis
Geographically the Global 3D Printing Metals Market is split in regions like North America, Europe, Asia-Pacific, and Rest of the world. The requirement for 3D printing metals in Asia-Pacific is comparatively higher as that compared to other areas. The development of the Asia-Pacific marketplace is attributed to the existence of emerging nations such as China & India The main reason after the progress of 3D printing metals market is that these nations are progressing at a speed in terms of populace and budget that eventually outcomes the growth per capita ingestion. The Asia-Pacific market overshadowed the global 3D printing metals market with a substantial share and is anticipated to be the swiftest-rising market during the said forecast period. Growing investments in the building & construction, healthcare, manufacturing and consumer electronics industries in the region is expected to push the expansion of the provincial market during the said forecast period. China is the most important producers and consumer of 3D printing metals altogether.
Major players
The proposed spectators in the Global 3D Printing Metals Market are Retailers, distributors, wholesalers, 3D printing metal manufacturers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global 3D Printing Metals Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global 3D Printing Metals Market are companies like EOS GmbH (Germany), Materialise (Belgium), voxeljet AG (Germany), Renishaw plc (UK), 3D Systems, Inc (US), Optomec, Inc (US), CRS Holdings Inc (Carpenter Technology Corporation) (US), Sandvik AB (Sweden), Concept Laser GmbH (Germany), SLM Solutions (Germany) and GKN Aerospace (UK).
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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