Global 3D Printing Metal Market Size, Share & Growth Analysis Report, 2021-2028
3D Printing Metal Market Research Report, Size, Share & Forecast by 2021 - 2028

3D Printing Metals Market Share, Size, Trends, Industry Analysis Report, By Type (Aluminum, Nickel, Titanium, Stainless Steel); By Technology; By Form; By End-Use; By Region; Segment Forecast, 2021 - 2028

  • Published Date:Mar-2021
  • Pages: 122
  • Format: PDF
  • Report ID: PM1153
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Outlook

The global 3D printing metals market size was valued at USD 883.5 million in 2020 and is anticipated to grow at a CAGR of 27.5% during the forecast period. A wide range of metals such as titanium, stainless steel, and aluminum among others are used for manufacturing products using 3D printing.

Metals are generally used in the 3D printing of products requiring high strength, stability, chemical resistance, and heat resistance. 3D printing uses metals for the manufacturing of various prototypes, spare parts, and functional parts across varied industries such as aerospace, automobile, defense, medical and industrial.

The market demand for titanium has significantly increased for 3D printing. It is one of the strongest and lightest metals widely used in the technique across aerospace, defense, and dental and medical sectors. Titanium offers properties such as non-toxicity, high strength, and corrosion resistance.

Titanium is used in the aerospace sector to print airframe and wing structures, compressor blades, and turbine engines due to its high strength-to-weight ratio and high-temperature resistance. The lightweight properties of titanium can be enhanced through topology optimization. The initial design of the product can be optimized by topology optimization software through the setting of load and stiffness constraints, which results in reduced weight and enhanced performance.

3D Metal Printing Market Report
Know more about this report: request for sample pages

Industry Dynamics

Growth Drivers
In June 2019, Protolabs introduced enhanced production capabilities for its service aimed at decreasing manufacturing costs, improved performance, and consolidated supply chains. Secondary processes are used by the company to strengthen parts of metals while also enhancing dimensional accuracy and cosmetic appearance.

The company uses direct laser sintering technology for the manufacturing of parts through the technology. The manufacturing process is followed by secondary processes such as post-process machining, tapping, reaming, heat treatments, and quality control.

The use of metals for the technique enables the manufacturing of complex designs, remote production, weight reduction, high speed, and mass customization. Metal utilization is optimized in 3D printing, which uses layer-by-layer manufacturing as per requirement. 3D printing reduces the cost of overheads required for manufacturing, while also cutting down manufacturing time significantly.

Features such as the ability to manufacture lightweight designs, enhanced efficiency in the use of raw materials, the capability to produce objects with high mechanical strength, improved freedom of design, reduced production time, and freedom of customization are some factors encouraging businesses to invest in the technology. Many small- and medium-sized organizations are increasingly turning towards 3D printing for the development of customized products.

3D Printing Metal Market

Know more about this report: request for sample pages

3D Printing Metal Market Report Scope

The market is segmented on the basis of metal type, technology, form, end-use, and region.

Type

By Technology

By Form

By End-user

By Region

  • Aluminum
  • Nickel
  • Titanium
  • Stainless Steel
  • Others
  • Metal Extrusion
  • Powder Bed Fusion
  • Binder Jetting
  • Sheet Lamination
  • Directed Energy Deposition
  • Others
  • Filament
  • Powder
  • Others
  • Healthcare
  • Construction
  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, RoE)
  • Asia Pacific (China, India, Japan, South Korea, RoAPAC)
  • Latin America (Brazil, Mexico, Columbia, RoLATAM)
  • Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE, RoMEA)

Know more about this report: request for sample pages

Insight by Type

On the basis of type, the market is segmented into aluminum, nickel, titanium, stainless steel, and others. The market demand for titanium has increased over the years owing to its lightweight, excellent corrosion resistance, low density, and high strength-to-weight ratio.

Titanium finds application across a wide range of applications in aerospace, medical and consumer products. Titanium is used as a 3D printing metal in the healthcare sector to develop implants such as pacemakers, defibrillators, hip replacements, and various bone joints due to its biocompatible property.

Insight by Technology

On the basis of technology, the market is segmented into metal extrusion, powder bed fusion, binder jetting, sheet lamination, directed energy deposition, and others. The powder bed fusion segment dominated the global 3D printing metals market in 2020.

The powder bed fusion process encompasses printing techniques such as selective laser sintering, direct metal laser sintering, selective heat sintering, electron beam melting, and selective laser melting. Some advantages associated with this technology are its low cost, a wide range of materials, and small-scale use.

Insight by Form

On the basis of form, the market is segmented into filament, powder, and others. In 2020, the powder segment accounted for the highest market share and is expected to continue its dominance over the forecast period. Metal powders are used for the development of complex structures, advanced design possibilities, customized structures, and high-density products.

Insight by End-Use

On the basis of end-use, the market is segmented into healthcare, construction, automotive, consumer electronics, aerospace and defense, and others. In 2020, the aerospace &defense segment accounted for a significant share owing to the increasing adoption of 3D printing technologies for the manufacturing of prototypes, end-use and quick replacement parts, and products.

Aerospace & Defense sectors use metals such as titanium, steel, and aluminum, which are capable of withstanding harsh conditions, chemical exposure, and intense temperatures. Increasing investments in the defense sector, volatile political conditions, terrorism threats, and increasing safety concerns are expected to drive market growth.

Geographical Overview

North America dominated the global 3D printing metals market in 2020 North American market occupies a large share of the global market owing to technological innovation in various fields. The increasing adoption of 3D printing in various applications such as healthcare, industrial, aerospace, defense, automobile, architecture, and consumer products drives the market growth.

The technological advancement in the healthcare market has resulted in the development of prosthetic parts and medical instruments through 3D printing technology. 3D printing metals are also used for the development of lightweight parts and instruments in the aerospace and automobile industries in the region.

Competitive Landscape

The leading players in the 3D printing metals industry include Carpenter Technology Corporation, The ExOne Company, Voxeljet AG, Proto Labs, Inc., 3D Systems Corporation, Hoganas AB, Concept Laser GmbH, Arcam AB, Stratasys LTD., GKN Aerospace, Wipro 3D, BASF 3D Printing Solutions GmbH, Renishaw PLC, SLM Solutions Group AG, Sandvik AB, and General Electric Company.

These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.