3D Printing Metals Market Analysis, Trends & Opportunities| Whipsmartmi

Posted October 19, 2021 by AakeshReddy

whipsmartmi.com offers a new market report on “3D Printing Metals Market” that identifies growth, opportunities, latest trends and key players

3D Printing Metals Market is projected to grow up to USD 43 billion by 2027 growing at a CAGR of 35% during the forecasting period 2021-2027.

3D printing is the process of creating a three-dimensional object by layering consecutive layers of a specific material one on top of the other until the overall product is completed. Metals are one of the most common materials used in 3D printing. Titanium, nickel, stainless steel, and aluminium are some of the most frequent metals used in 3D printing. The use of metals for 3D printing provides the benefits of corrosion resistance and strength, which are typically required for industries such as aerospace, defence, and automotive, to mention a few. Medical and consumer electronics are two other applications of the 3D printing metals market. However, the aerospace and defence application sector now accounts for the largest part of this market and is also driving its expansion. While the advantages of 3D printing with metals are obvious, the market is hampered by obstacles such as the high cost of 3D printers and the requirement for very pure metals as raw materials.
Despite the fact that thermoplastics drew the most attention in the early days of 3D printing, the 3D material options continue to expand. These advancements in 3D printing technology are projected to boost market expansion. Additive Manufacturing (AM) technology, which uses metals, earthenware manufacturing, glass, composites, plastics, paper, and bio-inks for printing, is also driving the expansion of the 3D printing metal industry. NASA proclaimed the successful testing of an igniter made of various metal alloys. This bi-metallic capability might cut rocket motor costs by 33% and fabrication time in half. Metals and metal combinations have advanced in numerous applications in AM and 3D printing. Because of rapidly increasing industries such as aerospace and defence, healthcare, and automotive, the worldwide 3D printing metal market is likely to increase significantly in the near future. During the projection period, metal materials are likely to lead the market in terms of growth rate. However, the high cost of the procedures and materials is projected to limit market expansion.
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The 3D Printing Metals Market report has been categorized as below
By form
By technology
Powder Bed Fusion
Directed Energy Deposition
Binder Jetting
Metal Extrusion
By metal type
Stainless Steel
By end-use industry
Aerospace & Defense
Medical & Dental
By Region
North America
Asia Pacific
Rest of World
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Tags 3d printing metals industry , 3d printing metals market technology , 3d printing metals market analysis , 3d printing metals market growth , 3d printing metals market strategy , 3d printing metals market trends
Last Updated October 19, 2021