Global 3D Printing Metals Market Outlook, Revenue, Trends and Forecasts Research Report 2021-2030

Global 3D Printing Metals Market is expected to register a CAGR of 29% to reach a value of USD 6 billion by 2030, reveals the new Market Research Future (MRFR) report. 3D printing or metal additive manufacturing, simply put, is a manufacturing technique used for the production of both smal

3D Printing Metals Market Overview -
Global 3D Printing Metals Market is expected to register a CAGR of 29% to reach a value of USD 6 billion by 2030, reveals the new Market Research Future (MRFR) report. 3D printing or metal additive manufacturing, simply put, is a manufacturing technique used for the production of both smaller designs and complex structures.

3D Printing Metals Market has assisted manufacturers in designing and developing complex structures with ease. Owing to its wonderful benefits and alluring features, 3D printing metals have wide applications in consumer electronics, building and construction, healthcare, automotive, aerospace defense, and other industries. 

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3D Printing Metals Market - Prominent Players:-
They emphasize expansion, acquisitions, and new product releases as strategies for strategic growth. Acquiring, releasing new products, and partnering to expand their companies in untapped and future markets are some of the ways these players have grown their companies. To improve their positioning in the 3D printing metals industry, they have implemented various organic and inorganic growth techniques. The global 3D printing metal market industry into some of the major players such as SLM Solutions (Germany), Materialise (Belgium), CRS Holdings Inc (Carpenter Technology Corporation) (US), Optomec, Inc (US), Concept Laser GmbH (Germany), EOS GmbH (Germany)EOS GmbH (Germany), GKN Aerospace (UK), 3D Systems, Inc (US), Sandvik AB (Sweden), voxeljet AG (Germany), and Renishaw plc (UK), and others.

Market Dynamics :-

The global 3D printing metals market is witnessing continual increase mainly due to the rising adoption of 3D printing technology across industries. However, recently, applications of the evolving 3D metal printing technology have risen drastically due to the Corona epidemic. Proponents of 3D printing technology and digital manufacturing solutions are showcasing their potential as enablers of flexible supply chains, decentralizing worldwide production to respond to the disruption.

Numerous factors are adding to the global 3D printing metals market share. Such factors, according to the recent MRFR report, include the increasing use in automotive and aerospace industries, growing adoption in the healthcare industry to manufacture medical implants, technological advances in the automotive industry, and its alluring features such as greater design flexibility, low waste, and cost-effectiveness. Besides, regulatory authorities are pressing manufacturers in using products that are eco-friendlier, which again is adding to market growth. 

On the contrary, the high price of metal powder industrial-grade printers, processing difficulties, and the requirement for high-grade raw material may limit the global 3D printing metals market growth over the forecast period. For similar reasons, the use of 3D Printing Metals in industrial machines and devices is also increasing. As polyurethane presents a strong front and is highly robust and durable, it makes for the perfect material for handles and other components of industrial machinery. This is also likely to remain a key end use for the 3D Printing Metals Market over the forecast period.
On the contrary, fluctuations in crude oil prices and hazardous impact on the environment human health are factors that may limit the 3D Printing Metals Market growth over the forecast period.

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Segment Study of 3D Printing Metals Market :-

The MRFR report provides an inclusive segmental analysis of the global 3D printing metals market based on material, form, technology, and application. 

By material, the global 3D printing metals market is segmented into Inconel, nickel, stainless steel, aluminum, titanium, and others. 
By form, the global 3D printing metals market is segmented into filament and powder. 
By technology, the global 3D printing metals market is segmented into material jetting, binder jetting, sheet lamination, material extrusion, vat photopolymerization, and others. 
By application, the global 3D printing metals market is segmented into consumer electronics, building and construction, healthcare, automotive, aerospace defense, and others. 

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3D Printing Metals Market Market  - Geographical Analysis :-

By region, the global 3D printing metals market covers the growth opportunities and recent trends across Europe, North America, the Middle East Africa (MEA), Latin America, and the Asia Pacific (APAC). Of these, the APAC region will command the largest share in the market over the forecast period. Factors adding to the growth of the 3D printing metals market in the region include increasing investments in 3D printing by private and government institutions alike, burgeoning demand for 3D printing metals, presence of developing countries namely China India, and increasing investments in consumer electronics, healthcare, and building construction industries. China is the key contributor in the region as it is a leading consumer and manufacturer of 3D printing metals worldwide. 

The 3D printing metals market in North America is predicted to have favorable growth over the forecast period for the presence of several top aerospace companies, high defense expenditure, and rising integration of technological advancements. The US is the key contributor in the region. 

The 3D printing metals market in Europe is predicted to have notable growth over the forecast period for the flourishing aviation industry. 

The 3D printing metals market in the MEA is predicted to have steady growth over the forecast period.

Industry Updates:

April 27, 2020 ----- The ExOne Company (the US), a leading global provider of three-dimensional printing machines products, announced its partnership with the University of Pittsburgh to develop reusable metal filters that can fit into a specially designed respirator cartridge for sustainable, long-term protection against contaminants, such as COVID-19. The partnership can potentially deliver sustainable, sterilizable personal protection equipment (PPE) for long-term use against contaminants during the current Coronavirus pandemic.

Nov 2017: Sojitz Corporation and Koiwai Co., Ltd have enetered into the agreement to jointly establish JAMPT Corporation. Tehe joint venture will manufacture 3D printing metals in bulk and for the aerospace and medical device industry. It is the first inteegrated 3D printing metakl manufacturing company in Japan. Addressing the high manufacturing and logistic cost , and manufacturing limitation for 3D printing metals, this development been a significant breakthrough in the 3D printing metals market.

Dec 2017; Aurora Labs, metal additive manufacturing machin producer based in India enetered into an agreement with DNV GL to produce machine parts. The parts will be independently certified and offered to the oil gas, and marine application. The development signifies the penetration of 3D printing metals into oil gas marine industries.

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