The 3D printing process builds a three-dimensional object from a computer-aided design model, usually by successively adding material layer by layer until the overall object has been formed. Metals constitute one of the main materials used for 3D printing. 3D printing metals are manufactured using lightweight metals such as aluminum, stainless steel, titanium, cobalt chrome, aInconel, nickel, stainless steel, and aluminum. These materials are light in weight. Titanium and its alloys are the key raw materials used to manufacture 3D printing metal due to its corrosion resistance property. There are different form of the martials available, includes power and filament. There are various technology use 3D printing process powder bed fusion (PBF), DED, Binder Jetting, and Metal Extrusion.
The high-density product with complex geometries of automotive engine parts and components can manufactures with powder form of metal. 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. It has the ability to create lightweight parts and components through optimization tool and advanced computer-aided design (CAD) processes. The 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.
The 3D printing materials employed wide area of application including aerospace & defence, medical, electronics, automobile, construction , and space.
The global 3D printing metals market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global 3D printing metals market is growing at a fast pace and increasing its geographical footprint rapidly. The global 3D printing metals market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Europe and US region due to increasing the end use applications in aerospace and automotive industry. The major growth driver for 3D printing metals market is low manufacturing cost and reduction in time.
3D printing metals enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of 3D printing metals market globally. The companies that lead global market are Materialise NV, Voxeljet AG , Sandvik AB, EOS GmbH Electro Optical Systems, The ExOne Company, Proto Labs, Inc., Concept Laser GmbH, Optomec, Inc, and SLM Solutions.
Research Methodology
The research process includes the market segmentation of the global 3D printing metals market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (40%), Asia (35%), Europe (25%)
By designation:
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
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