3D Printing Metal Market is projected to reach US$ 2.95 Bn by 2032 at an astonishing CAGR of 21.4%

The 3D printing metal market has been rapidly growing in recent years due to the increasing demand for cost-effective and high-quality metal parts. The technology of 3D printing allows for the creation of intricate metal designs that would be difficult or impossible to produce with traditional manufacturing methods. The market has seen significant growth in the aerospace, automotive, and medical industries, as well as in the jewelry and art industries.

According to Persistence Market Research's most recent market estimates, the global 3D printing metal market is valued at US$ 422.9 Mn in 2022 and is projected to reach US$ 2.95 Bn by 2032, expanding at an astonishing CAGR of 21.4% over the next ten years.

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One of the primary drivers of the 3D printing metal market is the increased adoption of metal 3D printing by major industries. This technology is becoming more prevalent in the aerospace industry, where it is being used to manufacture lightweight components that are strong enough to withstand the harsh conditions of space travel. The automotive industry is also starting to use metal 3D printing to produce parts with complex geometries that can improve fuel efficiency and safety.

Companies

Sandvik AB
ATI Powder Metals
Advanced Metallurgical Group
Rio Tinto
American Axle & Manufacturing, Inc.
Carpenter Powered Products
Showa Denko Materials
GKN PLC
Praxair Surface Technologies Inc.
Aubert & Duval
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Another driver of the 3D printing metal market is the increasing demand for customization and personalization in products. Consumers are looking for products that are tailored to their specific needs, and 3D printing metal allows manufacturers to produce unique designs quickly and cost-effectively. This trend is particularly prevalent in the jewelry and art industries, where custom designs are highly valued.

Despite the growth in the 3D printing metal market, there are still challenges that need to be addressed. One of the primary challenges is the high cost of 3D printing metal equipment and materials. Additionally, the process of 3D printing metal can be time-consuming, which can limit its use in high-volume production. However, advancements in technology and increased competition in the market are helping to address these challenges.

Competitive Landscape

Major manufacturers are concentrating their efforts on increasing their production capabilities to enhance their market share and meet the rising demand for 3D-printed metal products. The market is expected to expand as a result of the rising number of alliances and collaborations among key companies to strengthen their position in the market.

A wide range of market opportunities has been created by numerous technological advancements and increasing attempts at development through acquisitions, joint ventures, and partnerships.

For instance,

In Aug 2022, 3D Systems acquired DP polar GmbH, a high-speed 3D printing equipment manufacturer for industrial and healthcare production applications.

On May 24, 2022, GKN PLC announced a collaboration with Conflux Technology to develop and design 3D-printed heat exchangers that improve the cooling of automotive, aerospace, and electronic components.

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3D Printing Metal Industry Research Segmentation
By Material:

Metal Powder
o Aluminum
o Copper
o Iron
o Molybdenum
o Nickel
o Tungsten
o Titanium
o Others

Metal Alloy Powder
o Steel
o Stainless Steel
o Ni-Based
o Cu-Based
o Ti-Based
o Others

By Shape:
• Spherical
• Non-Spherical

By Production Process:
• Powder Bed Fusion
• Directed Energy Deposition
• Material Jetting
• Binder Jetting
• Metal Extrusion
• Photo Polymerization

By End Use:
Medical
o Orthopedic Implant Devices
o Dental Devices
o Pre-surgery Models
o General Tools
o Prosthetics
o Anatomical Models
o Others

Aerospace
o ECS Ducting
o Rocket Engine Components
o Combustor Liners
o Oil & Fuel Tanks
o UAV Components
o Others

Automotive
o Complex Ducts
o Resilient Prototypes
o Elastomeric Models
o Grilles
o Large Paneling
o Others

Electronics
o Antennae
o Interconnects
o Capacitors
o Radio Frequency Components
o Sensors
o Others

Energy
o Rotors and Stators
o Turbine Nozzles
o Down-hole Tool Components
o Others
• Industrial Equipment
• Education and Research
• Others

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.