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.
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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 metals market in automotive, medical & dental, and other
industry verticals.
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.
Key player - Some of the key players operating in the global 3D
printing metals market include 3D Systems Corporation (U.S.), Renishaw
Plc (U.K.), Arcam AB (Sweden), Hoganas AB (Sweden), Voxelget AG
(Germany), Carpenter Technology Corporation (U.S.), GKN Plc (U.S.),
Sandvik AB (Sweden), LPW Technology (U.K.), Optomec Inc. (U.S.), and EOS
GmbH Electro Optical Systems (Germany). etc.
The global 3D printing metal market is segmented on the basis of type (titanium, stainless steel, nickel, aluminum, others), form (powder, filament), end user (aerospace & defense, automotive, medical & dental, others), and region (North America, Asia-Pacific, Europe, and RoW).
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