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The 3D printing metal materials market is estimated to grow at a CAGR of 25.7% between 2022 and 2027. The size of the market is forecast to increase by USD 2,396.67 million. The growth of the market depends on several factors, including increased demand for 3D printing in the aerospace sector, increasing adoption of additive manufacturing, and growing focus of governments on developing 3D printing.
This report extensively covers 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 Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for 3D printing in the aerospace sector is notably driving the market growth, although the easy availability of substitutes may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising demand for 3D printing in the aerospace sector is the key factor driving the growth of the global 3D printing metal materials market.3D-printed metal materials are increasingly used in aircraft engines due to their high strength and wear resistance. Metallic materials are increasingly preferred over polymer and ceramic-based materials in the manufacture of high-pressure turbines due to their higher heat resistance and lighter weight. These materials contribute to fuel efficiency, reduce emissions and, due to their light weight, increase the overall energy efficiency of the engine. Because additive manufacturing develops parts by adding material layer-by-layer, while conventional manufacturing removes excess material during the finishing process, additive manufacturing produces less waste than conventional manufacturing.3D printing is easy to install as it goes directly from the design file to the printed part.
A rise in demand for high-performance materials is the primary trend in the global 3D printing metal materials market. There is a growing demand for high-performance materials in various end-use industries. These materials can be used in a variety of industrial applications to benefit from their energy-saving and wear-resistance benefits. They are preferred in thermally conductive materials in high-temperature applications. These materials are widely used in the aerospace, defense, and automotive industries. Among various types of high-performance materials, metallic materials are widely preferred for 3D printing due to their properties such as high-temperature resistance and thermal shock resistance, as well as their non-conductivity.
The presence of a large number of substitutes poses a major challenge to the growth of the global 3D printing metal materials market.??? 3D-printed metallic materials are widely used as starting materials for additive manufacturing. However, the presence of numerous alternative products on the market hinders the introduction of these materials. Thermoplastic polymers, photopolymers, composites, and ceramics are some of the most preferred 3D printing materials for additive manufacturing. Thermoplastic polymers include thermoplastic filaments and powders, which are primarily plastic materials. These polymers are widely used as starting materials for 3D printing and additive manufacturing. It softens when heated to a certain temperature and hardens when cooled. Acrylonitrile butadiene styrene, polylactic acid, polyvinyl alcohol, and polyethylene terephthalate are some of the most commonly used thermoplastic polymers in 3D printing.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Printing Metal Materials Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3D Systems Corp: The company offers 3D printing and digital manufacturing solutions to the Healthcare and Industrial sector. Along with this it offers 3D printing of different metal materials such as titanium and stainless steel alloys.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the medical and healthcare segment will be significant during the forecast period. Metallic materials are used in 3D printing for medical and healthcare applications. 3D printing has many uses in the healthcare industry. Artificial body parts, surgical instruments, pharmaceuticals, and implants can all be 3D printed. 3D printing plays a key role in surgical planning and execution, making the execution and decision-making process more accurate and effective. It is used for regenerative medicine such as hip replacement, knee replacement, and shoulder replacement, medical implants, and metal plate implants for fractures.
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The medical and healthcare segment was valued at USD 168.19 million in 2017 and continued to grow by 2021. Medical Implants made of pure titanium are considered to be one of the most biocompatible metals in bioprinting due to their high corrosion resistance. Pure titanium can instantly form a stable and inert oxide layer when its surface is exposed to oxidizing media. For implants requiring high strength, the most desirable material is Ti-6AI-4V alloy. Despite its lightweight composition, it has excellent fatigue and corrosion resistance.
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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.
In 2022, North America influenced the global 3D printed metal materials market with regard to the production of 3D printed metal materials. The US government has invested in the development and adoption of prototyping and manufacturing to increase the development and adoption of 3D printers in the region. This investment will help the university focus on different aspects of additive manufacturing in various fields such as aerospace, healthcare, and automotive. Therefore, the increasing use of 3D printers will increase the demand for 3D-printed metal materials.
The growth of several end-use industries such as automotive, aerospace, and defense slowed in 2020 due to the COVID-19 outbreak in the region. However, the demand for additive manufacturing increased in the automotive, aerospace, and healthcare industries in the region which will complement the market growth in 2022. Additionally, North American vendors are expanding their business by selling their products through strategic meetings and panels. Such developments will drive the growth of the region-focused market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global 3D printed metal materials market as part of the global diverse metals and mining market within the global materials market. The broader global diversified metals and mining market includes companies engaged in the production or extraction of metals and minerals such as non-ferrous metals (excluding bauxite), salts and borates, phosphate rocks, and various metal mining operations.
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3D Printing Metal Materials Market Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 25.7% |
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Market growth 2023-2027 |
USD 2,396.67 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
23.65 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3D Systems Corp., BASF SE, Carpenter Technology Corp., Desktop Metal Inc., EOS GmbH, Equispheres Inc., General Electric Co., Graphite Additive Manufacturing Ltd., Hoganas AB, HP Inc., Markforged Holding Corp., Materialise NV, Optomec Inc., Proto Labs Inc., Renishaw Plc, Sandvik AB, SLM Solutions Group AG, Stratasys Ltd., think3D, and voxeljet AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
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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