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The 3d printing metal materials market size is valued to increase by USD 1.77 billion, at a CAGR of 26.59% from 2023 to 2028. Rising demand for 3D printing in aerospace sector will drive the 3d printing metal materials market.
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The market showcases continuous advancements in technology, with COCR alloy printing and selective laser melting leading the charge. Notably, the adoption of 3D printed tooling has resulted in a 25% reduction in tooling production time, translating to significant cost savings for businesses. Thermal simulation and melt pool monitoring have improved ROI by enabling more efficient design and manufacturing processes. Lattice structures and support structure design have led to lighter, stronger parts, while mechanical property testing ensures compliance with industry standards. Aluminum alloy and titanium alloy printing offer scalability for high-volume manufacturing, with layer thickness control ensuring dimensional accuracy. Post-processing techniques, such as heat treatment and residual stress analysis, enhance the final product's mechanical properties. Nickel alloy printing and high-strength steel printing cater to industries with stringent requirements, while electron beam melting ensures superior dimensional accuracy and microstructure analysis. Powder bed leveling and build chamber atmosphere optimization contribute to consistent part quality, and laser power control ensures efficient energy usage. Overall, these innovations offer businesses increased efficiency, cost savings, and improved product performance.
The aerospace industry's increasing requirement for 3D printing technology serves as the primary market driver.
The increasing demand for high-performance and temperature-resistant materials represents a notable market trend. This preference reflects the growing need for advanced materials in various industries.
The integration of polymers as substitutes for metal materials poses a significant challenge to the industry's growth trajectory. This transition necessitates extensive research and development efforts to ensure the new materials meet the required performance standards while offering cost and weight advantages.
The 3d printing metal materials industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The titanium segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with titanium being a prominent player due to its desirable properties and increasing applications. Titanium, a transition metal mined from rutile and ilmenite ores, is known for its high melting point, strength-to-weight ratio, corrosion resistance, and thermal conductivity. It is 3D printed using techniques like selective laser melting, ensuring dimensional accuracy and part geometry optimization. The process involves melt pool monitoring, laser power control, and powder bed leveling to maintain consistency. Titanium alloy printing results in products with slightly rough surfaces, featuring a matte gray or satin finish. These advantages make 3D-printed titanium products valuable in various industries, including aerospace, dental and medical, automotive, and jewelry.
The market's scalability is further enhanced by advancements in powder recycling, heat treatment, residual stress analysis, and post-processing techniques. Additionally, innovations in lattice structures, support structure design, scan speed optimization, and thermal simulation contribute to the continuous growth of the market.
The Titanium segment was valued at USD 136.93 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2023, North America spearheaded The market, driving the production of these materials due to significant investments from the government. For instance, a USD8.2 million investment by the University of Waterloo in July 2021 established a collaborative consortium between post-secondary institutions and industry partners, focusing on various sectors such as aerospace, healthcare, and automotive. This investment underscores the growing importance of 3D printing technology in these industries, thereby fueling the demand for 3D printing metal materials. According to industry reports, The market is projected to grow at a robust pace, reaching a value of USD5.2 billion by 2028, up from USD1.8 billion in 2021.
This growth can be attributed to the increasing adoption of 3D printing technology in various industries, resulting in operational efficiency gains and cost reductions.
Customer Landscape of 3D Printing Metal Materials Industry
Companies are implementing various strategies, such as strategic alliances, 3d printing metal materials market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3D Systems Corp. - This company specializes in providing a range of 3D printable metal materials for various industries. Their offerings include LaserForm Ti Gr5, Gr23, and Gr1, made from aluminum, maraging steel, steel, titanium grades, nickel, and cobalt chrome. These advanced materials cater to diverse applications in manufacturing and engineering sectors.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled 3D Printing Metal Materials Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
190 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 26.59% |
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Market growth 2024-2028 |
USD 1774.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
24.71 |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is experiencing significant growth, driven by advancements in technologies such as titanium alloy microstructure characterization and selective laser melting process parameters optimization. These innovations enable the production of high-performance components with superior mechanical properties. For instance, electron beam melting build chamber pressure control leads to improved fatigue strength in high strength steel, while post-processing heat treatment further enhances these properties. In the realm of corrosion-resistant materials, 3d printed stainless steel is gaining popularity due to its enhanced resistance compared to traditionally manufactured counterparts. Similarly, aluminum alloys benefit from dimensional accuracy improvement techniques in additive manufacturing, making them suitable for precision applications. Powder bed fusion process monitoring and control play a crucial role in ensuring consistent quality, as does design for additive manufacturing of complex geometries and topology optimization for lightweight components. Lattice structure mechanical property prediction and residual stress reduction strategies are essential for optimizing the performance of 3d printed metal components. Cost-effective metal powder recycling methods and surface roughness control are key considerations for businesses seeking to minimize production costs and maintain compliance with regulatory requirements. Furthermore, 3d printed tooling for injection molding and additive manufacturing quality control procedures enable faster time-to-market and improved operational planning. High-value component production using metal 3d printing is increasingly common in industries such as aerospace and healthcare, where biocompatible metal alloys offer unique advantages. However, scalability challenges and material selection for specific 3d printing applications remain important areas of research and development. Compared to traditional manufacturing methods, 3d printing offers significant benefits in terms of design freedom and customization. For instance, a study revealed that 3d printed metal components exhibit a 30% reduction in weight on average compared to traditionally manufactured counterparts, leading to substantial cost savings in supply chain and operational planning.
What is the expected growth of the 3D Printing Metal Materials Market between 2024 and 2028?
USD 1.77 billion, at a CAGR of 26.59%
What segmentation does the market report cover?
The report is segmented by Type (Titanium, Stainless steel, Nickel, Aluminum, and Others), End-user (Medical and healthcare, Automotive, Aerospace and defense, Tool and mold making, and Sports equipment and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rising demand for 3D printing in aerospace sector, Use of polymers as substitutes for metal materials
Who are the major players in the 3D Printing Metal Materials Market?
3D Systems Corp., BASF SE, Carpenter Technology Corp., Desktop Metal Inc., EOS GmbH, General Electric Co., Graphite Additive Manufacturing Ltd., Hoganas AB, HP Inc., Markforged Holding Corp., Optomec Inc., Proto Labs Inc., Sandvik AB, Equispheres Inc., MATERIALISE NV, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., THINK3D, and voxeljet AG
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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