Metal Powders for Additive Manufacturing Market to Witness a Robust 22.4% CAGR D

Posted by pranav suryawanshi on October 7th, 2019

The future of the global metal powders for additive manufacturing market is prosperous, thanks to the increasing demand for metal powders from a range of end-use industries such as aerospace and automotive. Manufacturers of metal powders are striving to form strategic alliances with original equipment manufacturers (OEMs) of several end-use industries in order to improve the quality, consistency, and performance of powders.Further, advances in additive manufacturing technology and increasing demand for advanced materials such as titanium are anticipated to boost the metal powders for additive manufacturing market.

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Proving to challenge the market’s growth is high cost of metal powders, as cost of metal powders used in additive manufacturing is higher than the cost of their raw materials. Nevertheless, increasing demand for additive manufacturing technology due to its advantage of unrivalled design freedom is expected to bode well for the metal powders in additive manufacturing market. A report by Transparency Market Research forecasts the global metal powders for additive manufacturing to expand at a robust 22.4% CAGR over the forecast period of 2017 to 2025. At this pace, the market’s valuation of US0.6 mn in 2016 will rise substantially to become US,783.9 mn by 2025-end.

The information Presented in this Review is Based on Press-Release by TMR

The report studies the global metal powders for additive manufacturing market on the basis of four categories, viz. manufacturing technique, application, material type, and region. Depending upon manufacturing technique, the segments into which the metal powders for additive manufacturing market is divided are powder bed, blown powder, and others. The powder bed segment is further split into Direct Metal Laser Sintering, Selective Laser Melting, and Electron Beam Melting. The blow powder segment is bifurcated into Direct Metal Deposition and Laser Engineering Net Shapes. Of them, powder bed held the leading market share in 2016.