Metal Powders Snapshot – Growing Market

Metal Additive Manufacturing Industry will rise substantially to become US$1,783.9 mn by 2025.

A report made by Transparency Market Research concluded that global metal powders market is increasing exponentially. The 3D Print Manufacturing  is seeing greater demands for metal powders from a range of end-use industries such as aerospace and automotive.

Original Equipment Manufacturers (OEM’s) & Metal powder manufacturers are forming partnerships and strategic alliances of several end-use industries trying to capitalize on the uptick in the market and push the boundaries of this technology. AMTECH argues that

“The market will see a growing demand for advanced materials such as titanium, which will boost the overall outlook.”

The high cost of metal powders is one of the biggest challenges — metal powders used in additive manufacturing is higher than the cost of their raw materials. However, increasing demand for additive manufacturing technology due to its advantage of unrivalled design freedom is expected to bode well for the metal powders in additive manufacturing market.

Market Analysis

• The report reveals the global metal powders for additive manufacturing to expand at a robust 22.4% CAGR ( Compound Annual Growth Rate) over the period 2017-2025.
• In this case, the market’s valuation of US$310.6 mn in 2016 will rise substantially to become US$1,783.9 mn by 2025-end.
• The report studies the global metal powders for additive manufacturing market on the basis of four categories:

manufacturing technique;

application; 

material type; 

region.

• Related to the manufacturing technique, the metal powders segmentation is divided in powder bed, blown powder, and others. Powder bed held the leading market share in 2016.
• About the material type, the metal powders for additive manufacturing market has been segregated into

alloy, 

stainless steel, 

other steel, 

 others.  

• Based on this report, the alloy segment held the leading more than 70% of the market in 2016.
•  Applications – out of 3D Printing, Rapid Prototyping, and Direct Digital Manufacturers, 3D Printing accounted for more than 70% market share in 2016.
• Regions – North America dominated in 2016 holding more than 35% of the overall market; going ahead, the region is anticipated to lead amongst other key regional segments over the forecast period.
• In this case, the market’s valuation of US$310.6 mn in 2016 will rise substantially to become US$1,783.9 mn by 2025-end.
• The report studies the global metal powders for additive manufacturing market on the basis of four categories:

ABOUT AMTECH 

Amtech Group founded in 1981, is a Global Supplier of Solar & Semiconductor production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and silicon wafers. Amtech Group, with its headquarters settled in Tempe (AZ) USA, has six subsidiaries:

Sources & More information

Sources:

www.transparencymarketresearch.com , visited on 24th March 2018.

Logo credit:
https://www.linkedin.com/company/veyron-consultancy , visited on 26th March 2018

Article:
About AM TECH Group http://www.amtechsystems.com/ , visited on 26th March 2018
Design Engineering Website, All, Dec. 18 2017, https://www.design-engineering.com/snapshot-global-metal-powders-market-1004028690/ , visited on 23rd March 2018.

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