3D Printing Metal Materials Market 2024-2028: Size and Use of polymers as substitutes for metal materials; growth driven by the Type, Some of key Companies Positioned Strategically
The 3d printing metal materials market size by Type (Titanium, Stainless steel, Nickel, Aluminum, and Others), End-user (Medical and healthcare, Automotive, Aerospace and defense, Tool and mold making, and Sports equipment and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 1774.4 million. The market is expected to grow at a CAGR of almost 26.59% between 2024 and 2028.
- In the realm of additive manufacturing, 3D printing metal materials serve as essential feedstock. However, the market is saturated with various substitute products, posing challenges for the widespread adoption of these materials. Among the popular choices for additive manufacturing are thermoplastic polymers, photopolymers, composites, and ceramics. Thermoplastic polymers, including thermoplastic filaments and powders, are widely utilized as feedstock in 3D printing and additive manufacturing. These polymers, which are plastic materials, exhibit unique properties: they become pliable when heated to a specific temperature and solidify upon cooling. Notable thermoplastic polymers used in 3D printing are acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), polyvinyl alcohol (PVA), and polyethylene terephthalate (PET).
- In the dynamic landscape of the global 3D printing metal materials market, North America emerged as a significant contributor in 2023, driving production and fostering the growth of this sector. Notably, the region's government investments, such as the USD8.2 million grant to the University of Waterloo for multi-scale additive manufacturing (MSAM), have been instrumental in establishing collaborative consortia between academic institutions and industry partners. These collaborations aim to advance research and development in various sectors, including aerospace, healthcare, and automotive, thereby fueling the demand for advanced 3D printing metal materials. This investment underscores the region's commitment to embracing cutting-edge technologies and positioning itself at the forefront of the 3D printing metal materials market.
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Some of the Key Companies:
- 3D Systems Corp.
- BASF SE
- Carpenter Technology Corp.
- Desktop Metal Inc.
- EOS GmbH
- General Electric Co.
- Graphite Additive Manufacturing Ltd.
- Hoganas AB
- HP Inc.
- Markforged Holding Corp.
- Optomec Inc.
- Proto Labs Inc.
- Sandvik AB
- Equispheres Inc.
- MATERIALISE NV
- Renishaw Plc
- SLM Solutions Group AG
- Stratasys Ltd.
- THINK3D
- voxeljet AG
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