Le Lézard
Classified in: Mining industry, Science and technology
Subject: SVY

3D Printing Metals Market Worth $2,089.7 Million by 2023


PUNE, India, September 3, 2018 /PRNewswire/ --

According to a new market research report "3D Printing Metals Market by Form (Powder and Filament), Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (Aerospace & Defense, Automotive, Medical & Dental), and Region (APAC, North America, Europe, MEA, SA) - Global Forecast to 2023", published by MarketsandMarketstm, the global market is projected to grow from USD 590.4 million in 2018 to USD 2,089.7 million by 2023, at a CAGR of 28.8% from 2018 to 2023. Technological advancements, capacity expansion, new product developments, and expiry of key patents for powder-based selective laser sintering are factors influencing the overall demand for 3D printing metals.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 121 market data Tables and 47 Figures spread through 152 Pages and in-depth TOC on "3D Printing Metals Market"

https://www.marketsandmarkets.com/Market-Reports/3d-printing-metal-market-34714085.html
Early buyers will receive 10% customization on this report

By type, the titanium segment is estimated to account for the largest share of the 3D Printing Metals Market during the forecast period. 

Metal 3D printing has been widely adopted by the aerospace & defense industry across major regions. Titanium and its alloys are mainly used in aerospace engineering applications, such as engine component manufacturing, owing to their high strength, lightweight, and superior corrosion resistance properties. Due to their biocompatibility, they are also used in biomedical applications, such as orthopedic and dental implants as well as artificial knee and hip replacement surgeries. The titanium metal offers greater strength than other materials and is thus preferred for metal 3D printing activities in critical applications.

Get PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=34714085

The aerospace & defense industry is estimated to be the fastest-growing end-use industry segment of the 3D Printing Metals Market during the forecast period. 

The volume of 3D printing metals consumed by the aerospace & defense sector constitutes more than one-third of the total 3D printing metals end-user market. This high consumption is mainly attributed to the huge demand for 3D printing metals from aircraft manufacturing companies and engine component manufacturers. Owing to its high precision and accuracy, metal 3D printing with a large print box is used to print larger aircraft components measuring around 15 kilograms. Availability of new materials for tooling and prototyping, demand for prosthetic and dental implants, and high investments for new product development will significantly contribute to the growth of the 3D Printing Metals Market in the automotive, medical & dental, and other industry verticals.

North America is expected to hold the largest share of the 3D Printing Metals Market during the forecast period. 

North America is considered as the major regional market for 3D printing metals. With most of the research activities and new product developments confined in this region, North America will be the most dominant market for 3D printing metals as compared to other regions. The 3D Printing Metals Market in Asia Pacific is, however, projected to witness the highest CAGR during the forecast period, followed by North America and Europe.

Key players in the 3D Printing Metals Market include Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), GE Additive (US), Renishaw plc (UK), voxeljet AG (Germany), 3D Systems, Inc. (US), Sandvik AB (Sweden), and Hoganas AB (Sweden), among others.

Know more about 3D Printing Metals Market:
https://www.marketsandmarkets.com/Market-Reports/3d-printing-metal-market-34714085.html

About MarketsandMarketstm  

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-printing-metal-market.asp
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets


These press releases may also interest you

28 mar 2024
Discovery Silver Corp. ("Discovery" or the "Company") today announced financial results for the three and twelve months ended December 31, 2023 ("Q4 2023" and "2023", respectively). The Company also provided a summary of key events since the...

28 mar 2024
Osisko Development Corp. ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023"). Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090...

28 mar 2024
Kootenay Silver Inc. ("Kootenay" or the "Company") is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus with the securities regulators in each province and territory of Canada....

28 mar 2024
Robex Resources Inc. ("Robex" or the "Company") announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29,...

28 mar 2024
Denison Mines Corp. ('Denison' or the 'Company') is pleased to announce that it has filed its 2023 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission ('SEC').  Denison's Form 40-F includes its management discussion and...

28 mar 2024
Cool Company Ltd. ("CoolCo" or the "Company") announces that it has filed its Form 20-F for the year ended December 31, 2023 with the Securities and Exchange Commission (SEC) in the U.S. Form 20-F can be downloaded from the link below, is available...



News published on and distributed by: