3D Printing Metal Materials Market by Type, End-user, and Geography - Forecast and Analysis 2021-2025

The 3D printing metal materials market share is expected to increase by USD 1.34 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.66%.

This 3D printing metal materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D printing metal materials market segmentation by end-user (medical and healthcare, automotive, aerospace and defense, tool and mold making, and others), type (titanium, stainless steel, nickel, aluminum, and others), and geography (North America, Europe, APAC, South America, and MEA). The 3D printing metal materials market report also offers information on several market vendors, including 3D Systems Corp., BASF SE, EOS GmbH Electro Optical Systems, General Electric Co., Hoganas AB, Markforged Inc., Materialise NV, Renishaw Plc, Sandvik AB, and The ExOne Company among others.

What will the 3D Printing Metal Materials Market Size be During the Forecast Period?

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"The increasing investments by governments and industry participants in additive manufacturing are fueling the development and adoption of 3D printers in the region"

3D Printing Metal Materials Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased demand for 3D printing in aerospace sector is notably driving the 3D printing metal materials market growth, although factors such as the easy availability of substitutes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D printing metal materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 3D Printing Metal Materials Market Driver

3D printing metal materials are increasingly used in aircraft engines, owing to their high strength and wear resistance. Additive manufacturing processes generate lesser waste than traditional manufacturing processes as additive manufacturing adds material layer by layer to develop a component, while a traditional manufacturing process involves the removal of excess material during the refining process. Also, 3D printing moves directly from the design file to the printed part, which can be readily installed. Hence, 3D printing is a cost-effective approach to manufacture panels, seat trays, frameworks, and overhead storage compartments in the aerospace sector. Moreover, 3D printing reduces raw material usage, as well as the overall weight of end-products. Also, the production of complex geometries and shapes is convenient with 3D printing metal materials as it does not require direct review from humans. Hence, the growing adoption of 3D printing metal materials in the aerospace sector will drive the market during the forecast period. 

Key 3D Printing Metal Materials Market Trend

The demand for high-performance materials is increasing among various end-user industries. These materials can be used in various industrial applications to gain benefits from their energy-saving and wear-resistance properties. These materials are widely used in the aerospace and defense and automotive industries. Among the various types of high-performance materials, 3D printing metal materials are preferred widely, owing to their properties such as high temperature resistance and thermal shock resistance, as well as non-conductive nature. In the automotive industry, lightweight and high-performance materials, such as 3D printed metal materials, are used to minimize emissions. These materials are also used in high-performance vehicles, owing to their ability to withstand high temperatures and thermal shock. In other high-performance engine applications, such as aerospace and defense and marine, 3D printing metal materials are used to provide high temperature resistance and increased fuel efficiency. Therefore, the growing preference of consumers for high-performance materials will support the demand for 3D printing metal materials during the forecast period.

Key 3D Printing Metal Materials Market Challenge

3D printing metal materials are commonly used as feedstock in additive manufacturing. However, the presence of a large number of substitute products in the market hinders the adoption of these materials. Thermoplastic polymer, photopolymer, composite, and ceramic are some of the most preferred 3D printing materials in additive manufacturing. Thermoplastic polymers mainly include thermoplastic filaments and powders, which are plastic materials. These polymers are commonly used in 3D printing and additive manufacturing as feedstock. They become pliable when heated at a specific temperature and get hard when cooled. The demand for composites is also increasing due to the rising use of 3D printing in industries such as the automotive and aerospace industries. The increasing adoption of such substitutes and their easy availability is expected to hinder the growth of the global 3D printing metal materials market during the forecast period. 

This 3D printing metal materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The growth in the global diversified metals and mining market will be driven by factors such as strategic investment and divestment decisions by mining companies, advances in exploration, mining, and processing technologies, and growing demand from electric vehicles (EVs) and renewable energy markets. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D printing metal materials market during the forecast period.

Market Overview

Growth in the global diversified metals and mining market will be driven by the following factors: Strategic investment and divestment decisions by mining companies: Over the past few years, the mining market has witnessed a resurgence, as evidenced by the recovery of the commodity market and increase in corporate earnings and cash flows of mining companies. Consequently, mining corporations have begun investing in capital projects and partaking in M&A activities.

Who are the Major 3D Printing Metal Materials Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 3D Systems Corp.
• BASF SE
• EOS GmbH Electro Optical Systems
• General Electric Co.
• Hoganas AB
• Markforged Inc.
• Materialise NV
• Renishaw Plc
• Sandvik AB
• The ExOne Company

This statistical study of the 3D printing metal materials market encompasses successful business strategies deployed by the key vendors. The 3D printing metal materials market is fragmented and the vendors are deploying growth strategies such as differentiating their product offerings through a clear and unique value proposition to compete in the market.

Product Insights and News

• 3D Systems Inc. - The company manufactures and offers a wide variety of 3D printing metal materials. Some of the products offered by the company are LaserForm Ti Gr5 (A), LaserForm Ti Gr1 (A), LaserForm 17-4PH (A), LaserForm 316L (A), and LaserForm 316L (B). 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 3D printing metal materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

3D Printing Metal Materials Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 3D printing metal materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of 3D printing metal materials includes key stakeholders such as raw material suppliers, diversified metal and mining products manufacturers, distribution/sales channels (traders, distributors/dealers/wholesalers, and retailers), and end-users. Outside the manufacturing process, the value chain of diversified metal and mining products includes research, process and product development, and marketing. Key activities in the value chain of diversified metal and mining products mainly include new product development and distribution. 

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for 3D Printing Metal Materials Market?

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41% of the market's growth will originate from North America during the forecast period. The US is a key market for 3D printing metal materials in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increasing adoption of 3D printing in end-user industries such as aerospace and defense, automotive, and tool and mold making will facilitate the 3D printing metal materials market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The growth of several end-user industries, including automotive and aerospace and defense, plunged in 2020 owing to the outbreak of COVID-19 in the region. However, the demand for additive manufacturing increased across the regional healthcare industry, which supplemented the growth of the market in 2020. Furthermore, the vendors in the market in focus are extending their businesses by distributing their products to OEMs and other innovation centers.

What are the Revenue-generating End-user Segments in the 3D Printing Metal Materials Market?

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The 3D printing metal materials market share growth by the medical and healthcare segment will be significant during the forecast period. Metal materials are predominantly used in 3D printing for medical and healthcare applications. The preferred metal materials for medical implants include titanium and Ti-6AI-4V alloy. The growing applications of 3D printing metal materials in prosthetics and implant application segments are expected to drive the growth of this segment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D printing metal materials market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this 3D Printing Metal Materials Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive 3D printing metal materials market growth during the next five years
• Precise estimation of the 3D printing metal materials market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 3D printing metal materials industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 3D printing metal materials market vendors

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