3D Printing Metals Market Overview
The 3D Printing Metals Market was assessed at USD 6.36 billion in 2022 and is anticipated to increase at a CAGR of 24.9% from 2023 to 2030.
Metal 3D Printing is a laser-based technology that uses powdered metals. Similar to Laser Sintering, a high-powered laser selectively binds together particles on the powder bed while the machine distributes even layers of metallic powder. The significant features of 3D printing metals such as freedom of part complex design, part consolidation, and lightweight of parts are particular interests for aerospace, oil & gas, marine, and automobile applications.
In the past few years, 3D printing has become highly popular among several industries owing to the capability of mass production without any material waste. 3D printing of metal parts uses less energy and resources, which helps in reducing wastes to a minimum. In addition, 3D printed finished products are more than 60% light in weight than their machined counterparts. Therefore, the increasing demand for high-precision engine components with complex structures in aerospace and defense sectors has enlarged the demand for 3D printed metals. Eventually, it boosts the growth of the global 3D Printing Metals market.
Furthermore, availability of new materials/metals for prototyping, growing demand for prosthetic and dental implants, and increasing investments in new product development are some other important factors that are responsible to fuel the demand for 3D printing metals in automotive, medical & dental, and other industries. This prime factor contributes to the development of the global 3D Printing Metals market steadily.
On the other hand, it is difficult in the case of 3D printing to find the correct design parameter. Additionally, 3D printing technology has its limitations in terms of producing very large parts. These factors are expected to hamper the growth of the global 3D printing metals market during the forecast period.
Covid-19 Impact on 3D Printing Metals Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
3D Printing Metals Market Segment Overview
Based on metal form, the Powder segment is anticipated to be the largest segment during the forecast period. The powder form of metal can form high-density products with complex geometries, which are used to manufacture engine parts and components. In addition, these metal particles are largely available in a spherical shape and the powder form affects the density and mechanical properties of the final product and assures the consistency of layers. Consequently, the rise in the demand for 3D printed products with high-density and high strength has increased the demand for powder form.
According to material, the titanium segment has significant growth in the 3D printing metals market. The growth of the titanium segment can be attributed to the increasing demand for 3D printed metal parts from aerospace & defense and automotive end-use industries. In addition to this, titanium also finds its application in the medical & dental end-use industry to manufacture orthopedic and dental implants as well as artificial knee and hip replacements.
3D Printing Metals Market, By Metal Form
· Powder
· Filament
3D Printing Metals Market, By Material
· Titanium
· Stainless Steel
· Inconel
· Aluminum
· Cobalt
· Copper & Bronze
· Iron
· Precious Metals
· Others
3D Printing Metals Market, By Manufacturing Process
· Direct Metal Laser Sintering (DMLS)
· Laser Metal Deposition (LMD)
· Binder Jetting
· Others
3D Printing Metals Market, By Application
· Medical & Dental Implants
· Jewelry
· Aerospace
· Automotive
· Engineering & Industrial
· Others
3D Printing Metals Market Regional Overview
In terms of region, North America is at the forefront and is predicted to continue to retain its lead position through the forecast period as the region covers major aircraft fleets such as AIRBUS, Boeing, and Lockheed Martin across the globe. The growth of the fleet would directly surge the consumption of 3D printing metals. Similarly, the market in the Asia Pacific is estimated to witness noteworthy growth during the forecast period, due to the growth of the aerospace industry in this region. As well, other regions such as Latin America, and Middle East & Africa are projected to show stable growth in the global 3D printing metals market in the forthcoming years.
3D Printing Metals Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
3D Printing Metals Market Competitor overview
Some key developments and strategies adopted by manufacturers in 3D Printing Metals are highlighted below.
· In July 2021, Xometry, Inc., a leading AI-enabled marketplace for on-demand manufacturing, announced the availability of instant quoting on metal binder jetting, a popular metal 3D printing process, in its Instant Quoting Engine. The parts will be made through Xometry’s partner ExOne, an industry-leading metal 3D printing company.
· In July 2021, Hyperion Metals Limited has announced the execution of a memorandum of understanding for a technology partnership with EOS GmbH, the world’s leading solution supplier in the field of industrial 3D printing of metals and plastics. The partnership aims to accelerate the deployment of Hyperion’s HAMR and GSD technologies for the potential production of low-cost, low-to-zero carbon titanium metal powders.
3D Printing Metals Market, Key Players
· 3D Systems Corporation
· EOS GmbH Electro Optical Systems
· Arcam AB
· Voxeljet AG
· Stratasys Ltd.
· Renishaw plc
· General Electric Company
· Carpenter Technology Corporation
· Materialise NV
· Sandvik AB
· The ExOne Company
· Proto Labs, Inc.
The 3D Printing Metals Market was assessed at USD 6.36 billion in 2022 and is anticipated to increase at a CAGR of 24.9% from 2023 to 2030.
Metal 3D Printing is a laser-based technology that uses powdered metals. Similar to Laser Sintering, a high-powered laser selectively binds together particles on the powder bed while the machine distributes even layers of metallic powder. The significant features of 3D printing metals such as freedom of part complex design, part consolidation, and lightweight of parts are particular interests for aerospace, oil & gas, marine, and automobile applications.
In the past few years, 3D printing has become highly popular among several industries owing to the capability of mass production without any material waste. 3D printing of metal parts uses less energy and resources, which helps in reducing wastes to a minimum. In addition, 3D printed finished products are more than 60% light in weight than their machined counterparts. Therefore, the increasing demand for high-precision engine components with complex structures in aerospace and defense sectors has enlarged the demand for 3D printed metals. Eventually, it boosts the growth of the global 3D Printing Metals market.
Furthermore, availability of new materials/metals for prototyping, growing demand for prosthetic and dental implants, and increasing investments in new product development are some other important factors that are responsible to fuel the demand for 3D printing metals in automotive, medical & dental, and other industries. This prime factor contributes to the development of the global 3D Printing Metals market steadily.
On the other hand, it is difficult in the case of 3D printing to find the correct design parameter. Additionally, 3D printing technology has its limitations in terms of producing very large parts. These factors are expected to hamper the growth of the global 3D printing metals market during the forecast period.
Covid-19 Impact on 3D Printing Metals Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
3D Printing Metals Market Segment Overview
Based on metal form, the Powder segment is anticipated to be the largest segment during the forecast period. The powder form of metal can form high-density products with complex geometries, which are used to manufacture engine parts and components. In addition, these metal particles are largely available in a spherical shape and the powder form affects the density and mechanical properties of the final product and assures the consistency of layers. Consequently, the rise in the demand for 3D printed products with high-density and high strength has increased the demand for powder form.
According to material, the titanium segment has significant growth in the 3D printing metals market. The growth of the titanium segment can be attributed to the increasing demand for 3D printed metal parts from aerospace & defense and automotive end-use industries. In addition to this, titanium also finds its application in the medical & dental end-use industry to manufacture orthopedic and dental implants as well as artificial knee and hip replacements.
3D Printing Metals Market, By Metal Form
· Powder
· Filament
3D Printing Metals Market, By Material
· Titanium
· Stainless Steel
· Inconel
· Aluminum
· Cobalt
· Copper & Bronze
· Iron
· Precious Metals
· Others
3D Printing Metals Market, By Manufacturing Process
· Direct Metal Laser Sintering (DMLS)
· Laser Metal Deposition (LMD)
· Binder Jetting
· Others
3D Printing Metals Market, By Application
· Medical & Dental Implants
· Jewelry
· Aerospace
· Automotive
· Engineering & Industrial
· Others
3D Printing Metals Market Regional Overview
In terms of region, North America is at the forefront and is predicted to continue to retain its lead position through the forecast period as the region covers major aircraft fleets such as AIRBUS, Boeing, and Lockheed Martin across the globe. The growth of the fleet would directly surge the consumption of 3D printing metals. Similarly, the market in the Asia Pacific is estimated to witness noteworthy growth during the forecast period, due to the growth of the aerospace industry in this region. As well, other regions such as Latin America, and Middle East & Africa are projected to show stable growth in the global 3D printing metals market in the forthcoming years.
3D Printing Metals Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
3D Printing Metals Market Competitor overview
Some key developments and strategies adopted by manufacturers in 3D Printing Metals are highlighted below.
· In July 2021, Xometry, Inc., a leading AI-enabled marketplace for on-demand manufacturing, announced the availability of instant quoting on metal binder jetting, a popular metal 3D printing process, in its Instant Quoting Engine. The parts will be made through Xometry’s partner ExOne, an industry-leading metal 3D printing company.
· In July 2021, Hyperion Metals Limited has announced the execution of a memorandum of understanding for a technology partnership with EOS GmbH, the world’s leading solution supplier in the field of industrial 3D printing of metals and plastics. The partnership aims to accelerate the deployment of Hyperion’s HAMR and GSD technologies for the potential production of low-cost, low-to-zero carbon titanium metal powders.
3D Printing Metals Market, Key Players
· 3D Systems Corporation
· EOS GmbH Electro Optical Systems
· Arcam AB
· Voxeljet AG
· Stratasys Ltd.
· Renishaw plc
· General Electric Company
· Carpenter Technology Corporation
· Materialise NV
· Sandvik AB
· The ExOne Company
· Proto Labs, Inc.
3D Printing Metals Market Study Global Market Analysis, Insights and Forecast, 2023-2030
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global 3D Printing Metals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Metal Form
- 5.2.1. Powder
- 5.2.2. Filament
- 5.3. Market Analysis, Insights and Forecast – By Material
- 5.3.1. Titanium
- 5.3.2. Stainless Steel
- 5.3.3. Inconel
- 5.3.4. Aluminum
- 5.3.5. Cobalt
- 5.3.6. Copper & Bronze
- 5.3.7. Iron
- 5.3.8. Precious Metals
- 5.3.9. Others
- 5.4. Market Analysis, Insights and Forecast – By Manufacturing Process
- 5.4.1. Direct Metal Laser Sintering (DMLS)
- 5.4.2. Laser Metal Deposition (LMD)
- 5.4.3. Binder Jetting
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Application
- 5.5.1. Medical & Dental Implants
- 5.5.2. Jewelry
- 5.5.3. Aerospace
- 5.5.4. Automotive
- 5.5.5. Engineering & Industrial
- 5.5.6. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America 3D Printing Metals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Metal Form
- 6.2.1. Powder
- 6.2.2. Filament
- 6.3. Market Analysis, Insights and Forecast – By Material
- 6.3.1. Titanium
- 6.3.2. Stainless Steel
- 6.3.3. Inconel
- 6.3.4. Aluminum
- 6.3.5. Cobalt
- 6.3.6. Copper & Bronze
- 6.3.7. Iron
- 6.3.8. Precious Metals
- 6.3.9. Others
- 6.4. Market Analysis, Insights and Forecast – By Manufacturing Process
- 6.4.1. Direct Metal Laser Sintering (DMLS)
- 6.4.2. Laser Metal Deposition (LMD)
- 6.4.3. Binder Jetting
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Application
- 6.5.1. Medical & Dental Implants
- 6.5.2. Jewelry
- 6.5.3. Aerospace
- 6.5.4. Automotive
- 6.5.5. Engineering & Industrial
- 6.5.6. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe 3D Printing Metals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Metal Form
- 7.2.1. Powder
- 7.2.2. Filament
- 7.3. Market Analysis, Insights and Forecast – By Material
- 7.3.1. Titanium
- 7.3.2. Stainless Steel
- 7.3.3. Inconel
- 7.3.4. Aluminum
- 7.3.5. Cobalt
- 7.3.6. Copper & Bronze
- 7.3.7. Iron
- 7.3.8. Precious Metals
- 7.3.9. Others
- 7.4. Market Analysis, Insights and Forecast – By Manufacturing Process
- 7.4.1. Direct Metal Laser Sintering (DMLS)
- 7.4.2. Laser Metal Deposition (LMD)
- 7.4.3. Binder Jetting
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Application
- 7.5.1. Medical & Dental Implants
- 7.5.2. Jewelry
- 7.5.3. Aerospace
- 7.5.4. Automotive
- 7.5.5. Engineering & Industrial
- 7.5.6. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific 3D Printing Metals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Metal Form
- 8.2.1. Powder
- 8.2.2. Filament
- 8.3. Market Analysis, Insights and Forecast – By Material
- 8.3.1. Titanium
- 8.3.2. Stainless Steel
- 8.3.3. Inconel
- 8.3.4. Aluminum
- 8.3.5. Cobalt
- 8.3.6. Copper & Bronze
- 8.3.7. Iron
- 8.3.8. Precious Metals
- 8.3.9. Others
- 8.4. Market Analysis, Insights and Forecast – By Manufacturing Process
- 8.4.1. Direct Metal Laser Sintering (DMLS)
- 8.4.2. Laser Metal Deposition (LMD)
- 8.4.3. Binder Jetting
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Application
- 8.5.1. Medical & Dental Implants
- 8.5.2. Jewelry
- 8.5.3. Aerospace
- 8.5.4. Automotive
- 8.5.5. Engineering & Industrial
- 8.5.6. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa 3D Printing Metals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Metal Form
- 9.2.1. Powder
- 9.2.2. Filament
- 9.3. Market Analysis, Insights and Forecast – By Material
- 9.3.1. Titanium
- 9.3.2. Stainless Steel
- 9.3.3. Inconel
- 9.3.4. Aluminum
- 9.3.5. Cobalt
- 9.3.6. Copper & Bronze
- 9.3.7. Iron
- 9.3.8. Precious Metals
- 9.3.9. Others
- 9.4. Market Analysis, Insights and Forecast – By Manufacturing Process
- 9.4.1. Direct Metal Laser Sintering (DMLS)
- 9.4.2. Laser Metal Deposition (LMD)
- 9.4.3. Binder Jetting
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Application
- 9.5.1. Medical & Dental Implants
- 9.5.2. Jewelry
- 9.5.3. Aerospace
- 9.5.4. Automotive
- 9.5.5. Engineering & Industrial
- 9.5.6. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. 3D Systems Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. EOS GmbH Electro Optical Systems
- 10.6. Arcam AB
- 10.7. Voxeljet AG
- 10.8. Stratasys Ltd.
- 10.9. Renishaw plc
- 10.10. General Electric Company
- 10.11. Carpenter Technology Corporation
- 10.12. Materialise NV
- 10.13. Sandvik AB
- 10.14. The ExOne Company
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
