U.S. 3D printing metals market revenue, by application, 2014 - 2025 (USD Million) |
The global 3D printing metals market is expected to reach USD 2.86
billion by 2025, according to a new report by Grand View Research, Inc. Metals
are the fastest growing 3D printing materials worldwide on account of high
application scope coupled with increasing demand from the medical and dental
application.
The market has witnessed advancements, both in terms of technologies and
materials, in order to facilitate low cost and mass production of the products.
This would also lead to flexibility in designs and ease of manufacturing of products
for wide range of applications.
Numerous companies including GE have been utilizing metal 3D printing
for the development of aerospace parts. In December 2016, Sigma Labs entered
into a new contract with Honeywell aerospace. The Defense Advanced Research
Project Agency (DARPA) selected the company for completion of phase III of the
Open Manufacturing (OM) program. It is aimed at reducing the barriers involved
in the metal 3D printing process including speed, cost, and repeatability.
Full Research Report On 3D
Printing Metals Market Analysis:
http://www.grandviewresearch.com/industry-analysis/3D-metal-printing-market
http://www.grandviewresearch.com/industry-analysis/3D-metal-printing-market
Further key findings from the report suggest:
·
Powder segment is expected to witness the
fastest CAGR of over 30% from 2016 to 2025 on account of significant
technological development in the field of metal printers
·
Aerospace & defense sector dominated
the industry in 2015 with a share of over 35% and is anticipated to witness
significant growth on account of high application scope in military aircraft,
aircraft engine, commercial aircraft, complex weapon systems, high volume
weapons, and munition components
·
The medical sector accounted for a share of
over 30%, in terms of revenue, in 2015 on account of increasing use of the
technology in medical implants, medical devices, and surgical equipment
including crowns & bridges, model castings, and abutments
·
Titanium is expected to witness rapid growth
from 2016 to 2025 on account of superior mechanical properties, accuracy in
production, and early adoption of the product in aerospace & defense and
medical industry
·
Asia Pacific is anticipated to witness the
fastest growth of over 30% from 2016 to 2025 on account of rapid industrial
development, supportive government policies, and high R&D investment in
China, Japan, and South Korea
·
New product development is one of the major
strategies being adopted by the industry players in order to strengthen their
global position
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global 3D printing metals market
on the basis of form, product, application, and region:
Form Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
·
Powder
·
Filament
Product Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
·
Titanium
·
Nickel
·
Steel
·
Aluminum
·
Others
Application Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
·
Aerospace & Defense
·
Automotive
·
Medical & Dental
·
Others
Regional Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
Access Full Press Release of
this Report:
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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