Market forecast [2024-2032]:

Global Additive Manufacturing with Metal Powders Market size was valued at US$ 506.37 Million in 2023 and is poised to grow from US$ 614.23 Million in 2024 to US$ 2,878.84 Million by 2032, at a CAGR of 21.3% during the forecast period (2024-2032).

The Global Additive Manufacturing with Metal Powders Market is a fast-moving and dynamic industry within the broad additive manufacturing industry. Additive manufacturing, commonly referred to as 3D printing, is a process of making a three-dimensional object from a digital model through layering different materials on top of each other. In the case of metal powders, this process makes use of finely powdered metals such as titanium, aluminium, stainless steel, and nickel to produce highly précised high-strength components. It has grown a lot in this market due to its ability to create complicated geometries that cannot be attained, or are highly problematic, by traditional techniques of manufacturing.

Key industries where current usage of metal additive manufacturing to meet demand includes aerospace, automotive, healthcare, and defence. In aerospace, it creates parts that are lightweight but do not compromise on the strength aspects, therefore cutting down on fuel use. The automotive sector benefits from metal additive production as it allows rapid prototyping for small quantity production or need for complex geometries. Personalized medical implants and prosthetics with a better biocompatibility and better mechanical properties for healthcare can also be achieved with the use of metal powder-additive manufacturing. This technology is also in use within the defence industry for lightweight yet strong parts fabrication.

The market is driven by advanced technological developments and rising investments in R&D. Innovations related to the production process of metal powder, such as improved particle size distribution and powder purity, will enhance the quality and reliability of the printed component. However, its high cost in both metal powders and additive manufacturing systems is still a major restraint. Nevertheless, continuous developments for cost reduction and efficiency enhancement are likely to create new opportunities. The market is likely to flourish vigorously as industries increasingly recognize the benefits of metal powders in additive manufacturing for design flexibility, material efficiency, and fast production cycles.

Market Dynamics: Market Drivers

Technological Advancements

• The global metal powders market is basically driven by the continuously evolving additive manufacturing technology. Development in the aspects of improving the quality of powder, advanced techniques of printing and advanced software, are also factoring in significantly towards capabilities and efficiencies of metal 3D printing. DMLS and EBM technologies have been developed to achieve higher precision, better surface finish, and more complex geometries. These developments make metal additive manufacturing increasingly viable for industrial applications, thus driving the greater use of technologies across an array of industries. Faster production times, reduced waste, and the ability to create more sophisticated and optimized components have come into being as technologies evolve, and all these aspects contribute to the expansion of the market.

Growing Demand in Aerospace and Healthcare

• The aerospace and healthcare industries drive the additive manufacturing with metal powders market. The aerospace industry has constant needs for lightweight, high-strength parts to stand extreme conditions; therefore, this customer segment creates the greatest demand for metal 3D printing technologies. These technologies enable the production of complex, tailored components that reduce overall weight and can improve fuel efficiency. The same is observed in the healthcare sector, wherein such customized implants and prosthetics have put upward pressure on the demand. Metal additive manufacturing provides patient-specific implants that can be customized to ensure better biocompatibility and mechanical properties, leading to better outcomes and hence improved customer satisfaction.

Market Trends

Increased R&D Investments

• Rise in Investments in Research and Development: This is one of the major trends expected to define metal additive manufacturing. Enterprises and several research institutions are engaged in developing innovative metal powders with enhanced properties, advanced printing technologies, and new applications, due to limitations in powder quality, production speed, and cost efficiency. It is projected that the growth of the metal additive manufacturing market will be further influenced by an expansion of the capabilities and applications available through breakthroughs resulting from an increased R&D effort.

Rise in Adoption of Customized Solutions

• Customization is an emerging trend in manufacturing, impelled by the growth in demand for such solutions across industries. It's in additive metal manufacturing that extremely customized parts and components can be made to meet exact specifications required for individual applications. This trend appears to be most prevalent in such sectors as aerospace and healthcare, where personalized implants and prosthetics really lead to better patient outcomes. Rather, it is the ability of metal additive manufacturing technologies to produce parts rapidly and inexpensively that has been increasing their adoption.

Market Restraining Factors

High Cost of Metal Powders and Equipment

• Another big restrain to the additive manufacturing with metal powders market is the high cost associated with the metal powders and 3D printing equipment. High-quality metal powders require extremely complex, rather expensive processes, which sometimes raise the overall cost of the manufacturing significantly. Moreover, the metal 3-D printers and related infrastructure are really so expensive to be invested in at the beginning. It becomes a kind of barrier to entry for smaller companies, which eventually limits the full industrial use of metal additive manufacturing technologies.

Limited Material Choices and Powder Recycling Challenges

• Another high restraint is the limited range of metal powders available to be used for additive manufacturing, and problems associated with their recycling. While developments are under way, the range of metal powders that can be used satisfactorily in 3D printing remains limited compared to traditional methods of manufacturing. Also, used metal powders are not as easily recyclable as one might think. The process of recycling itself is complex and at the moment not optimized; it therefore might give rise to problems with powder quality and cost in this process. These kinds of limitations to the efficiency and economic viability of metal additive manufacturing thus impede the growth of the market.

Report Coverage

The report will cover the qualitative and quantitative data on the global Additive Manufacturing with Metal Powders Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Segmentation Analysis

The market scope is segmented because of by Material, by Application.

By Material

• Titanium
• Aluminum
• Stainless steel
• Others

Among the material modes used in additive manufacturing with metal powders, the Stainless-Steel segment has always been very dominant. The reason may be numerous. Known to all, stainless steel is one of the most versatile, strong, corrosion-resistant materials that make it highly suitable for a myriad of applications across various industries. It finds broad application due to its excellent mechanical properties and relatively affordable cost compared to metals such as titanium. The fact that stainless steel can be used for both structural and functional components enhances the appeal in industries like aerospace, automotive, and industrial machinery.

Another factor increasing the high adoption of stainless steel in additive manufacturing is that it is compatible with well-established 3D printing technologies like direct metal laser sintering and selective laser melting. These technologies are optimized to work with stainless steel in order to produce a high-quality print with excellent mechanical properties. In addition, the well-established supply chain and the ready availability of this material make it practical for manufacturers in search of a metal 3D printing solution.

Though titanium and aluminium are also important segments that have some unique advantages—all of which include a high strength-to-weight ratio in the case of titanium and light weight with good thermal properties for aluminium—they are relatively more expensive. Inherent in this are premiums for the use of these two metals in relatively more specialized application areas. This means that the wider range of applications, lower costs, and greater technological maturity accorded to stainless steel make it the leading material mode in the global additive manufacturing with metal powders market.

By Application

• Aerospace
• Healthcare
• Automotive

Of the different application segments of metal additive manufacturing, aerospace, healthcare, and automotive together have always held the biggest share. This is mainly attributed to the fact that the aerospace industry requires materials and parts with exceptionally good performance. The aerospace applications require high-strength, low-weight parts that can bear extreme conditions. Additive metal manufacturing produces complex geometries and provides for the creation of unique components with a good level of accuracy and reliability in service. In particular, technologies such as DMLS and EBM have been helpful in aerospace for the manufacture of critical parts like turbine blades, structural parts, and heat exchangers.

The aerospace industry has become one of the biggest and most innovative adopters of additive manufacturing technologies due to their huge benefits in regard to reduced weight and improved fuel efficiency. These are the most critical advantages in aerospace, where even slight improvements in the performance of components under operation can result in cost savings and increased efficiency. Therefore, the high initial investments required in additive manufacturing equipment and metal powders are offset by the long-term benefits in enhanced performance and reduced material wastage that make such investments worthwhile for an aerospace company.

While the Healthcare and Automotive industries are also important markets for metal additive manufacturing, this nascent technology has yet to reach the level of adoption or make the market impact realized within the aerospace industry. On the other hand, the healthcare sector grows as a result of the need for personalized implants and prosthetics, and the automotive sector from the process of rapid prototyping and custom parts. Yet, neither has reached the IPG aerospace level in terms of diffusion and integration up to now, with the later still dominating the market in both volume and value.

Regional Snapshots

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• MEA (Saudi Arabia, South Africa, UAE, Rest Of MEA)

It provides insights into the markets in North America, Europe, Asia-Pacific, Latin America, and MEA. Among all of the geographical regions where metal additive manufacturing with metal powders is conducted, North America has usually held the largest market share. That is attributed to the advanced technological infrastructure of the region, coupled with high levels of R&D investment and the presence of key industry players. The United States has been at the forefront in adopting and developing additive manufacturing technologies, largely because of huge investments by both the private and the public sectors. Aerospace and automotive companies in North America have been among the early adopters of metal additive manufacturing for the production of complex and high-performance parts. On top of that, top research facilities and the already existing network of additive manufacturing companies form the basis for North American market leadership.

The biggest growth in metal additive manufacturing is expected to come in the future from the Asia-Pacific region. A number of factors drive that potential growth. Rapid industrialization, increasing investments in technologies for manufacturing, and a strong emphasis on innovation in countries like China, Japan, and South Korea are propelling the market expansion. The region of Asia-Pacific is also noticing a growth in the adoption of additive manufacturing technologies in industries such as aerospace, automotive, and healthcare. The governments in this region are also highly supportive of the development of new manufacturing technologies by introducing enabling policy initiatives and funding programs. This heady cocktail of rapid industrialization, pro-industrial policies of governments, and increasing investments made in technology is expected to give the global metal additive manufacturing market a huge impetus from the Asia-Pacific region in the years to come.

List of Companies Profiled:

• Trumpf
• HP Inc.
• Markforged
• Desktop Metal
• Carpenter Technology Corporation
• Proto Labs
• Sintavia
• Optomec
• Additive Industries
• XJet
• EOS GmbH
• GE Additive
• SLM Solutions Group AG
• Renishaw plc
• 3D Systems Corporation
• Arcam AB (a GE Additive company)
• Concept Laser GmbH (a GE Additive company)
• Materialise NV
• ExOne Company
• Velo3D

Key Industry Developments

In April 2023, leading supplier of 3D printing solutions, 3D technologies Corporation, purchased EnvisionTEC, a producer of technologies for additive manufacturing for ceramic and metal.

In March 2023, Arcam AB, a Swedish producer of metal additive manufacturing equipment, was purchased by GE Additive, a division of General Electric.

Report Scope and Segmentations

Regional Analysis

North America accounted for the highest Asia Pacific Methyl Glucose% market share in terms of revenue in the Additive Manufacturing with Metal Powders Market and is expected to expand at a CAGR of Asia Pacific Methyl Glucose% during the forecast period. This growth can be attributed to the growing adoption of Asia Pacific Methyl Glucose. The market in APAC is expected to witness significant growth and is expected to register a CAGR of Asia Pacific Methyl Glucose% over upcoming years, because of the presence of key Asia Pacific Methyl Glucose companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Additive Manufacturing with Metal Powders Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Additive Manufacturing with Metal Powders Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Additive Manufacturing with Metal Powders Market valued?
• Which region has the largest share in 2024 for the global Additive Manufacturing with Metal Powders Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Additive Manufacturing with Metal Powders Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Additive Manufacturing with Metal Powders Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends