The global metal powders for additive manufacturing market mainly depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research on the basis of a newly published report. This is majorly due to innumerable players operating in this sector, who are fiercely competing with each other to gain maximum revenue. With new companies entering this sector on a regular basis, the competition is expected to increase dramatically during the upcoming years. Most companies are focused on increasing product manufacturing capacities and improving product quality.
A lot of focus is being imparted on bringing about extensive innovations in the production techniques used to manufacture metal powders. Participating in mergers & acquisitions, expansion of product portfolios, and achieving product differentiation also are key schemes implemented by many businesses in the global metal powders for additive manufacturing market. Hoganas AB, Rio Tinto, Arconic Inc., Hitachi Chemical Co., Ltd., Renishaw Plc., Carpenter Technology Corporation, Miba AG, Sandvik AB, BÖHLER Edelstahl GmbH & Co KG, Praxair Technology Inc., Metaldyne Performance Group Inc., GKN Plc., Aubert & Duval, and ATI Powder Metals, are key players operating in the global metal powders for additive manufacturing market.
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According to market experts, this market had gained revenue worth US$310.6 mn in 2016, and is further expected to grow up to US$1,783.9 mn by 2025. This growth is projected to occur at a stellar CAGR of 22.4% during the forecast period from 2017 to 2025.
Burgeoning Automobile and Space Industries Spur Market’s Growth
Highly progressing automotive and aerospace industries have mainly been responsible for driving the global metal powders for additive manufacturing market. This is mainly due to a great need of the additives made from metals in these industries, owing to their advantageous properties such as corrosion resistance, high error resistance, and notable tensile strength. A growing demand for highly advanced materials such as titanium is also stimulating the global metal powders for additive manufacturing market. From an overall perspective, as the need for high quality machinery parts in the aerospace and automobile industry has increased, the use of additives derived from metal powders also has experienced a surge.
High Manufacturing Costs May Dampen Market’s Expansion
However, in spite of these positive scenarios, the global metal powders for additive manufacturing market is substantially being hindered by a few factors. High costs required to set up systems for additive production, as well as expensive research and development activities undertaken for the same is greatly hampering the market’s growth.
Many regions might depict a lack of trained professionals and a shortage of equipment that is required to manage the additive manufacturing activities. These too are significant factors that are posing as key restraints to the global metal powders for additive manufacturing market. Nevertheless, the picture is soon expected to change as numerous companies are gradually introducing cost-effective additive manufacturing methodologies and processes, which could offset most of the restraints affecting this market.
The information shared in this review is based on a TMR report, bearing the title, “Metal Powders for Additive Manufacturing Market (Manufacturing Technique- Powder Bed (Direct Metal Laser Sintering, Selective Laser Melting, and Electron Beam Melting) and Blown Powder (Direct Metal Deposition and Laser Engineering Net Shapes); Material Type - Alloy (Titanium, Cobalt, Copper, Nickel, and Aluminum), Stainless Steel (Austenitic Steel, Martensitic Steel, Duplex Steel, and Ferritic Steel), and Other Steel (High Speed Steel, Tool Steel, and Low Alloy Steel); Application - 3D Printing, Rapid Prototyping, and Direct Digital Manufacturing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”
Key Takeaways
With new companies entering this sector on a regular basis, the competition is expected to increase dramatically during the upcoming years.
Highly progressing automotive and aerospace industries have mainly been responsible for driving the global metal powders for additive manufacturing market.
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Additive Manufacturing with Metal Powders market is segmented by region, by country, company, type, application and by sales channels.
Players, stakeholders, and other participants in the global Additive Manufacturing with Metal Powders market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.Segment by Type, the Additive Manufacturing with Metal Powders market is segmented into:Selective Laser Melting (SLM)Electronic Beam Melting (EBM)OtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56717/global-additive-with-metal-powders-2020-2026-729Segment by Application, the Additive Manufacturing with Metal Powders market is segmented into:Automotive IndustryAerospace IndustryHealthcare & Dental IndustryAcademic InstitutionsOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Additive Manufacturing with Metal Powders Market Share Analysis:Additive Manufacturing with Metal Powders market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020.
Details included are company description, major business, Additive Manufacturing with Metal Powders product introduction, recent developments, Additive Manufacturing with Metal Powders sales by region, type, application and by sales channel.The major companies include:EOS GmbHConcept Laser GmbHSLM3D SystemsArcam ABReaLizerRenishawExoneWuhan BinhuBright Laser TechnologiesHuake 3DSyndayaGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/56717/global-additive-with-metal-powders-2020-2026-729CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
A global research report called Additive Manufacturing with Metal Powders market was recently published by Reports and Data.
The new research study on Additive Manufacturing with the Metal Powders market sheds light on the current scope as well as on the upcoming opportunities in the future.
To understand the structure of global trading, the report also gives statistical data on local consumption and global consumption.
Population explosion along with rapid economic growth is expected to propel market growth.
Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1296Key participants include AP, 3D Systems, ATI Metals, AddUp Solutions (Fives/Michelin), Additive Industries, Alcoa/Arconic, Concept Laser, Arcam, Carpenter, EOS.For the purpose of this report, Reports and Data have segmented global additive manufacturing with metal powders market on the basis of Product, Technology , Application, Metal powder specification, and region:Product Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)PlasticMetalAlloyTechnology Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)Laser based-powder bed fusionBluetooth AntennaBlown powderRequest a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1296Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)AerospaceAutomotivesMedicalEnergy & utilitiesOil & gasMetal powder specification Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)spherical geometryParticle sizeReasons for Buying this Report:The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.The study provides pinpoint analysis for changing competitive dynamics.The report helps readers in understanding the product segments and their future growth.Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.PEST analysis of the market in the five major regionsTo know more about the report, visit @ https://www.reportsanddata.com/report-detail/additive-manufacturing-with-metal-powders-marketThank you for reading our report.
