
Global 3D Printing Metals Market Analysis & Trends - Industry Forecast to 2030
Description
Global 3D Printing Metals Market Analysis & Trends - Industry Forecast to 2030
3D Printing Metals: Market Size
From $3,394.02 million in 2024, the global 3D Printing Metals market is projected to reach $11,413.21 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 32.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include penetration of 3D printing in emerging countries, demand for fuel-efficient aircraft, and growing applications in lightweight engineering products.
Global 3D Printing Metals Market: Market Dynamics
The 3D printing of metals has ostensibly opened a new paradigm in metal manufacturing. The potential to make materials with complex geometries and a unique set of physical and chemical characteristic is what broadly propels their popularity. Over the past couple of decades, incessant advances have been made in 3D printing technologies. Coupled with these, the advent of promising raw materials to aid machining with 3D printing has spurred the demand for 3D printing metals to the wide array of applications. 3D printing metals are thus, have shown extensive promise to a range of industries to make tooling and functional prototypes. The availability of 3D metal printers in multiple sizes and capabilities and mass customization of products with complex design and structure are fueling the growth of the 3D printing metals market across the globe. The recent technological trends that indicate the growth of advanced and better-quality products such as inconel powder is one of the key factors contributing to the growth of the market.
For instance, in 2017, NASA affirmed the effectual testing of an igniter made of different metal alloys. This bi-metallic capacity could lessen rocket motor expenses by 33% and fabricate time by one-half. In several applications, metals and metal combinations have been progressive in AM and 3D printing.
On the other hand, the high metal cost is likely to obstruct the profit boundaries. In addition, a reduction in waste generation during production will further boost the 3D printing metals market.
Impact of COVID-19 on 3D Printing Metals
The COVID-19 pandemic has an overall pessimistic impact on the 3D printing metals market worldwide. Though, the healthcare sector was the slightest impacted sector in the global 3D printing metals market owing to a surge in demand for medical equipment and devices for COVID-19 treatment. The use of 3D printing metals to manufacture medical equipment and personal protective equipment during the pandemic has created many opportunities for 3D printing companies and manufacturers globally. The temporary closures of the factories in major economies such as China, Southeast Asia, the UK, Germany, and others have impacted the production plants of the 3D technology industry and operations of suppliers resulting in short-term supply shortages. Manufacturing capacity was observed to be restored to normalized levels by the end of July 2020. The short-term disruptions in supply shortages have resulted in logistics challenges, including delays in delivering services to end-user industries. Such a situation is likely to affect the company’s ability to meet the 3D technology demand of the end customers.
By Form
Powder Segment Dominate the Market in 2019
Powder form dominated the market in 2019 with a volume share of 92.6%. The powder form of metal can form high-density products with complex geometries, which are used to manufacture engine parts and components. These metal particles are majorly 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. Thus, the increase in the demand for 3D printed products with high-density and high strength has increased the demand for powder form. Powders used for additive manufacturing are characterized by high packing density and spherical morphology, which grant good flow properties. Carpenter Technology Corporation is a prominent supplier of powders for AM technology. In July 2022, the company signed a contract with GE Additive to supply metal powder to GE Additive, along with other materials.
By Geography
Asia Pacific Region is Leading in the Global Market Place
The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast timeframe, due to the espousal rate of 3D printing metal, the helpful government policies, and rising interest among the manufacturing companies of Asia Pacific. China is currently expected to be the largest market for 3D printing metals in the Asia Pacific region, owing to increasing demand for 3D printing metals from various industries, particularly from the automobile industry.
List of the Key Players Profiled in the Market Include:
• Voxeljet AG
• Materialise NV
• GKN Aerospace
• Renishaw PLC
• Sandvik AB
• CRS Holdings Inc
• 3D Systems Corporation
• General Electric Company
• Optomec, Inc
• SLM Solutions
• Proto Labs, Inc.
• ExOne GmbH
• Stratasys LTD.
• BASF 3D Printing Solutions GmbH
• Wipro 3D
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
Table of Contents
200 Pages
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 Strategic Benchmarking
- 1.6 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1 Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Rising Health Awareness
- 4.1.2 Environmental Concerns Related to the Usage of Fertilizers and Pesticides
- 4.1.3 Change in Consumer Preferences
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.1.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 Agricultural Inoculants Market, By Type
- 7.1 Plant Growth Promoting Microorganisms
- DATA TABLE Plant Growth Promoting Microorganisms Market Forecast to 2030 (US$ MN)
- 7.2 Biocontrol Agents
- DATA TABLE Biocontrol Agents Market Forecast to 2030 (US$ MN)
- 7.3 Plant Resistant Stimulant
- DATA TABLE Plant Resistant Stimulant Market Forecast to 2030 (US$ MN)
- 8 Agricultural Inoculants Market, By Function
- 8.1 Crop Protection
- DATA TABLE Crop Protection Market Forecast to 2030 (US$ MN)
- 8.2 Crop Nutrition
- DATA TABLE Crop Nutrition Market Forecast to 2030 (US$ MN)
- 9 Agricultural Inoculants Market, By Mode of Application
- 9.1 Soil Inoculation
- DATA TABLE Soil Inoculation Market Forecast to 2030 (US$ MN)
- 9.2 Seed Inoculation
- DATA TABLE Seed Inoculation Market Forecast to 2030 (US$ MN)
- 10 Agricultural Inoculants Market, By Form
- 10.1 Solid
- DATA TABLE Solid Market Forecast to 2030 (US$ MN)
- 10.2 Granular
- DATA TABLE Granular Market Forecast to 2030 (US$ MN)
- 10.3 Liquid
- DATA TABLE Liquid Market Forecast to 2030 (US$ MN)
- 11 Agricultural Inoculants Market, By Microorganism
- 11.1 Fungi
- DATA TABLE Fungi Market Forecast to 2030 (US$ MN)
- 11.1.1 Mycorrhiza
- DATA TABLE Mycorrhiza Market Forecast to 2030 (US$ MN)
- 11.1.2 Trichoderma
- DATA TABLE Trichoderma Market Forecast to 2030 (US$ MN)
- 11.2 Bacteria
- DATA TABLE Bacteria Market Forecast to 2030 (US$ MN)
- 11.2.1 Phosphobacteria
- DATA TABLE Phosphobacteria Market Forecast to 2030 (US$ MN)
- 11.2.2 Azotobacter
- DATA TABLE Azotobacter Market Forecast to 2030 (US$ MN)
- 11.2.3 Lactobacillus
- DATA TABLE Lactobacillus Market Forecast to 2030 (US$ MN)
- 11.2.4 Rhizobacteria
- DATA TABLE Rhizobacteria Market Forecast to 2030 (US$ MN)
- 11.2.5 Pseudomonas
- DATA TABLE Pseudomonas Market Forecast to 2030 (US$ MN)
- 12 Agricultural Inoculants Market, By Crop Type
- 12.1 Plantation Crops
- DATA TABLE Plantation Crops Market Forecast to 2030 (US$ MN)
- 12.2 Commercial Crops/Cash Crops
- DATA TABLE Commercial Crops/Cash Crops Market Forecast to 2030 (US$ MN)
- 12.3 Food Crops
- DATA TABLE Food Crops Market Forecast to 2030 (US$ MN)
- 12.3.1 Fruits & Vegetables
- DATA TABLE Fruits & Vegetables Market Forecast to 2030 (US$ MN)
- 12.3.2 Grains & Cereals
- DATA TABLE Grains & Cereals Market Forecast to 2030 (US$ MN)
- 12.3.3 Root & Tubers
- DATA TABLE Root & Tubers Market Forecast to 2030 (US$ MN)
- 12.3.4 Pulses & Oilseeds
- DATA TABLE Pulses & Oilseeds Market Forecast to 2030 (US$ MN)
- 13 Agricultural Inoculants Market, By Geography
- 13.1 North America
- DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
- 13.1.1 US
- 13.1.2 Canada
- 13.1.3 Mexico
- 13.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
- 13.2.1 Germany
- 13.2.2 U.K
- 13.2.3 Italy
- 13.2.4 France
- 13.2.5 Spain
- 13.2.6 Rest of Europe
- 13.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
- 13.3.1 China
- 13.3.2 Japan
- 13.3.3 India
- 13.3.4 Australia
- 13.3.5 New Zealand
- 13.3.6 Rest of Asia Pacific
- 13.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 Rest of Middle East
- 13.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Rest of Latin America
- 13.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
- 13.6.1 South Africa
- 13.6.2 Others
- 14 Key Player Activities
- 14.1 Acquisitions & Mergers
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.1 Product Launch & Expansions
- 14.1 Other Activities
- 15 Leading Companies
- 15.1 Bayer CropScience Limited
- 15.2 BASF SE
- 15.3 Dupont De Nemours and Company
- 15.4 Novozymes
- 15.5 Queensland Agricultural Seeds Pvt Ltd
- 15.6 Verdesian Life Sciences LLC
- 15.7 Corteva Inc
- 15.8 Advanced Biological Marketing Inc
- 15.9 Italpollina S.P.A.
- 15.10 Rizobacter Argentina S.A.
- 15.11 Soil Technologies Corporation
- 15.12 Precision Laboratories
- 15.13 BrettYoung
- 15.14 Xitebio Technologies Inc.
- List of Tables
- Table 1 Global Agricultural Inoculants Market By Region, Market Forecast (2022-2030) (US $MN)
- Table 2 Global Agricultural Inoculants Market By Type, Market Forecast (2022-2030) (US $MN)
- Table 3 Global Agricultural Inoculants Market By Plant Growth Promoting Microorganisms, Market Forecast (2022-2030) (US $MN)
- Table 4 Global Agricultural Inoculants Market By Biocontrol Agents, Market Forecast (2022-2030) (US $MN)
- Table 5 Global Agricultural Inoculants Market By Plant Resistant Stimulant, Market Forecast (2022-2030) (US $MN)
- Table 6 Global Agricultural Inoculants Market By Function, Market Forecast (2022-2030) (US $MN)
- Table 7 Global Agricultural Inoculants Market By Crop Protection, Market Forecast (2022-2030) (US $MN)
- Table 8 Global Agricultural Inoculants Market By Crop Nutrition, Market Forecast (2022-2030) (US $MN)
- Table 9 Global Agricultural Inoculants Market By Mode of Application, Market Forecast (2022-2030) (US $MN)
- Table 10 Global Agricultural Inoculants Market By Soil Inoculation, Market Forecast (2022-2030) (US $MN)
- Table 11 Global Agricultural Inoculants Market By Seed Inoculation, Market Forecast (2022-2030) (US $MN)
- Table 12 Global Agricultural Inoculants Market By Form, Market Forecast (2022-2030) (US $MN)
- Table 13 Global Agricultural Inoculants Market By Solid, Market Forecast (2022-2030) (US $MN)
- Table 14 Global Agricultural Inoculants Market By Granular, Market Forecast (2022-2030) (US $MN)
- Table 15 Global Agricultural Inoculants Market By Liquid, Market Forecast (2022-2030) (US $MN)
- Table 16 Global Agricultural Inoculants Market By Microorganism, Market Forecast (2022-2030) (US $MN)
- Table 17 Global Agricultural Inoculants Market By Fungi, Market Forecast (2022-2030) (US $MN)
- Table 18 Global Agricultural Inoculants Market By Mycorrhiza, Market Forecast (2022-2030) (US $MN)
- Table 19 Global Agricultural Inoculants Market By Trichoderma, Market Forecast (2022-2030) (US $MN)
- Table 20 Global Agricultural Inoculants Market By Bacteria, Market Forecast (2022-2030) (US $MN)
- Table 21 Global Agricultural Inoculants Market By Phosphobacteria, Market Forecast (2022-2030) (US $MN)
- Table 22 Global Agricultural Inoculants Market By Azotobacter, Market Forecast (2022-2030) (US $MN)
- Table 23 Global Agricultural Inoculants Market By Lactobacillus, Market Forecast (2022-2030) (US $MN)
- Table 24 Global Agricultural Inoculants Market By Rhizobacteria, Market Forecast (2022-2030) (US $MN)
- Table 25 Global Agricultural Inoculants Market By Pseudomonas, Market Forecast (2022-2030) (US $MN)
- Table 26 Global Agricultural Inoculants Market By Crop Type, Market Forecast (2022-2030) (US $MN)
- Table 27 Global Agricultural Inoculants Market By Plantation Crops, Market Forecast (2022-2030) (US $MN)
- Table 28 Global Agricultural Inoculants Market By Commercial Crops/Cash Crops, Market Forecast (2022-2030) (US $MN)
- Table 29 Global Agricultural Inoculants Market By Food Crops, Market Forecast (2022-2030) (US $MN)
- Table 30 Global Agricultural Inoculants Market By Fruits & Vegetables, Market Forecast (2022-2030) (US $MN)
- Table 31 Global Agricultural Inoculants Market By Grains & Cereals, Market Forecast (2022-2030) (US $MN)
- Table 32 Global Agricultural Inoculants Market By Root & Tubers, Market Forecast (2022-2030) (US $MN)
- Table 33 Global Agricultural Inoculants Market By Pulses & Oilseeds, Market Forecast (2022-2030) (US $MN)
- NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.
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