3D Printing Metal Market Product Driving Factors, Capacity and Growth Rate Analysis to 2025

San Jose, California , USA, May 10, 2021 — /EPR Network/ —

With reference to the report published by the professionals the scope of the global 3D Printing Metal Market was appreciated by US$ 334.4 million in 2017 and is projected to touch US$ 3.05 billion by 2025. It is projected to observe a CAGR of 31.8% during the period of 2017 to 2025.

Better flexibility of design linked with the manufacturing of additive, price efficiency and low waste are some of the features motivating the 3D printing metals market. Growing demand for 3D metal printing, particularly in the applications of Defense & Aerospace, is projected to increase the consumption of the product. The manufacturing companies are becoming gradually conscious about the important lessening in weight and price delivered by 3D printers. Let’s say, the manufacturing companies are composed to experience an increase in the acceptance of production ranking printing machines to increase cost-effectiveness, increase the quality of the product and decrease the lead time.

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Decreased prices of 3D printers together with obtainability of innovative raw materials for example powder of stainless steel have assisted the market in increasing the push during the previous a small number of years. Enormous funds in the activities of research & development have been easing the production of components, particularly in the sector of aerospace. Additionally, latest technical developments that represent progress of innovative & enhanced quality products for example Inconel powder are expected to help the development of the 3D printing metal industry.

Growing number of uses for the manufacturing of additive in the arenas of education and dental & medical between others offer profitable occasions for the infiltration of the product. Opportunity of made to order production of parts over 3D printing has the prospective to expose new-fangled streams of income in varied applications. For that reason, the market for 3D printing metal is expected to observe speedy development during the period of forecast.

3D Printing Metals Form Outlook (Revenue, USD Million; Volume, Tons, 2014 – 2025)

  • Powder
  • Filament

3D Printing Metals Application Outlook (Revenue, USD Million; Volume, Tons, 2014 – 2025)

  • Aerospace & defense
  • Automotive
  • Medical & dental
  • Others

3D Printing Metals Product Outlook (Revenue, USD Million; Volume, Tons, 2014 – 2025)

  • Titanium
  • Nickel
  • Steel
  • Aluminum
  • Others

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Some of the important companies for 3D printing metals industry are: Hogan as AB, 3D Systems, Inc., Renishaw plc, Materialise NV, 3D Systems Corporation, Sandvik AB, voxel jet AG, GE Additive, EOS GmbH, Stratasys Ltd.

By Region the global 3D printing metal industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. In 2017, North America observed the maximum demand and directed nearly 35.0% capacity of the entire market. Presentations of innovative product and the advertising policies for the product being carry out by the manufacturing companies, for example Carpenter Technology Corporation, Ex One GmbH and 3D Systems Corporation, in the state have been boosting the development of the market.

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