3D Printing Metal Market worth 776.8 Million USD by 2020
3D Printing Metal Market worth 776.8 Million USD by 2020
The report "3D Printing Metal Market by Form (Powder and Filament), by Type (Titanium, Nickel, Stainless Steel,
Aluminum, Others), by Application (Aerospace & Defense, Automotive, Medical & Dental, Others), and by
Region - Global Forecast to 2020", published by MarketsandMarkets, The Global 3D Printing Metals Market is
expected to reach USD 776.8 Million by 2020, at a CAGR of 31.5% during the period 2015 to 2020.
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Browse 104 tables and 45 figures spread through 160 Pages and in-depth TOC on "3D Printing Metal Market Global Forecast to 2020"
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3D printing metals market in the Asia-Pacific region is expected to grow at a higher CAGR as compared to other
regions. Technological advancements, capacity expansion, new product developments, and expiry of key patents
for powder-based selective laser sintering are factors influencing the overall demand for 3D Printing Metals
Market.
Titanium metal segment to dominate the global 3D printing metal market
Metal 3D printing has been widely adopted by the aerospace & defense industry across major regions. Titanium
and its alloys are mainly used in aerospace engineering applications such as manufacturing of engine components
as they offer high strength, are lightweight, and provide superior resistance to corrosion. Due to bio-compatibility,
they are also used in biomedical applications such as orthopedic and dental implants as well as artificial knee and
hip replacement surgeries. Titanium metal offers greater durability in terms of speed, accessibility, and
affordability and is thus preferred in metal 3D printing activities for critical applications.
Aerospace & defense is the major application in the global 3D printing metal market
The volume of 3D printing metals consumed by the aerospace & defense sector constitute more than one-third of
the total 3D printing metals end-user market. This growth is mainly attributed to the huge demand for 3D printing
metals from airbus manufacturing companies and engine component manufacturers. Due to its high precision and
accuracy, metal 3D printing with large print box has been used to print larger aircraft components measuring
around 15 kilogram. Availability of new materials for tooling and prototyping, demand for prosthetic and dental
implants, and high investments for new product developments will significantly contribute to the growth of 3D
Printing Metal Market in automotive, medical & dental, and other industry verticals.
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North America the most dominant region in the global 3D printing metal market
North America is considered as the major regional market for 3D printing metals. Most of the research activities
and new product developments have been confined to North America and this will be the most dominant region as
compared to other regions. The 3D printing metals market in the Asia-Pacific region remains the fastest-growing
market, followed by North America and Europe.