The global 3D printing metals market is
expected to reach USD 2.86 billion by 2025, according to a new report by Grand
View Research, Inc. Metals are the fastest growing 3D printing materials
worldwide on account of high application scope coupled with increasing demand
from the medical and dental application.
The market has witnessed
advancements, both in terms of technologies and materials, in order to
facilitate low cost and mass production of the products. This would also lead
to flexibility in designs and ease of manufacturing of products for wide range
of applications.
Numerous companies including GE
have been utilizing metal 3D printing for the development of aerospace parts.
In December 2016, Sigma Labs entered into a new contract with Honeywell
aerospace. The Defense Advanced Research Project Agency (DARPA) selected the
company for completion of phase III of the Open Manufacturing (OM) program. It
is aimed at reducing the barriers involved in the metal 3D printing process
including speed, cost, and repeatability.
Browse full research report on 3D Printing Metal Market: http://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market
Further key findings from the report suggest:
- Powder segment is expected to witness the fastest
CAGR of over 30% from 2016 to 2025 on account of significant technological
development in the field of metal printers
- Aerospace & defense sector dominated the industry
in 2015 with a share of over 35% and is anticipated to witness significant
growth on account of high application scope in military aircraft, aircraft
engine, commercial aircraft, complex weapon systems, high volume weapons,
and munition components
- The medical sector accounted for a share of over 30%,
in terms of revenue, in 2015 on account of increasing use of the
technology in medical implants, medical devices, and surgical equipment
including crowns & bridges, model castings, and abutments
- Titanium is expected to witness rapid growth from
2016 to 2025 on account of superior mechanical properties, accuracy in
production, and early adoption of the product in aerospace & defense
and medical industry
- Asia Pacific is anticipated to witness the fastest
growth of over 30% from 2016 to 2025 on account of rapid industrial
development, supportive government policies, and high R&D investment
in China, Japan, and South Korea
- New product development is one of the major
strategies being adopted by the industry players in order to strengthen
their global position
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global 3D printing
metals market on the basis of form, product, application, and region:
Form Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Powder
- Filament
Product Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
- Titanium
- Nickel
- Steel
- Aluminum
- Others
Application Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Aerospace
& Defense
- Automotive
- Medical
& Dental
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-3d-metal-printing-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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