Additive Manufacturing Market to receive overwhelming hike in Revenues by 2031Posted by Aparna P on September 9th, 2022  Over the coming years, the growth of the global additive manufacturing market is expected to be tremendous, as more raw materials become available and more end-user industries adopt the technology. The continuous rise in research and development activities in additive manufacturing processes is anticipated to alter conventional manufacturing and supply chain pathways and open doors for product innovation. Until a few years ago, the scope of application of this technology was limited.
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Additive manufacturing (AM) refers to the concept of creating 3D objects that are solid, and can be of any size or shape to suit the requirement of the engineered products. Additive manufacturing are made by laying down multiple layers of a material, which is a renowned process from traditional subtractive machining techniques that depended on removing material by methods such as cutting or milling. Since this process involves the help of a machine connected to a computer that contains the blueprint of the desired object, the chances of mistakes are decreased to negligible, and hence the demand in the global market for additive manufacturing is escalating.
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