3D printing is a novel approach to generating a 3-dimensional object by depositing layers of printing material and also well-known as additive manufacturing. This tool-less method helps in introducing fully dense metallic parts in less time with high precision. Metals utilized for 3D printing comprise titanium alloys, aluminum, nickel, stainless steel, and copper. The usage of metals for 3D printing delivers several benefits comprising resistance to corrosion, strength, and light-weighting which makes it appropriate for applications such as aerospace, Defence, automobile, and oil and gas. Overview of 3D metal printing technology has allowed the manufacturers to manufacture complex structures with design flexibility which could not be gained with the support of old and conventional approaches.
According to the report analysis, ‘3D Printing Metals Market: By Form (Powder and Filament); By Technology (PBF, DED, Binder Jetting, Metal Extrusion and others); By Metal Type (Titanium, Nickel, Stainless Steel, Aluminum and Others); By End User (Automotive, Aerospace & Defense, Medical & Dental and others) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the Global 3D printing metals are projected to augment owing to the rising requirement from aerospace & defence and automotive end-use industries, low production cost, and deduction in lead times. Additionally, growing utilization of metal 3D printing due to better design flexibility, less waste, and cost-effectiveness in the entire manufacturing landscape is projected to propel the market.
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Furthermore, the effective augment in the adoption of 3D printing metals in the aerospace & defence segments due to the ability to decrease the weight of aerospace components is predicted to witness the growth of the 3D printing metals market. The components used during the manufacturing of aircraft demand the advanced engineering substances and complex geometries. 3D printing in the producing of aircraft allows the fabrication of highly complex and lightweight structures. Moreover, 3d printing improves the performance of the aircraft.
Moreover, production of 3D printing metals has set a fresh standard in the metal manufacturing industry. 3D printing metals are obtaining the popularity due to their potential to make materials with composite geometries and a unique set of physical and chemical landscapes. They suggest excellent ductility, heat resistance, and low weight. In addition, the implementation of promising raw materials in 3D printing has encouraged the requirement for 3D printing metals in several applications.
Global 3D Printing Metals market around Asia Pacific controlled the largest market share in the year 2019. Asia Pacific will endure to register the Global 3D Printing Metals market owing to increasing the investments in the construction, automotive, aerospace and defense segments. The speedily increasing manufacturing industry in the region coupled with the existence of significant market players and implementation of innovative techniques is projected to fuel the requirement for the 3D printing metals market. Therefore, in the near years, it is predicted that the market of 3D printing metal will augment more effectively over the review duration.
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3D Printing Plastics Market by Type (Polymers, Metals, Ceramics, and Others), by Form (Powder, Filament, and Liquid), and by End-use (Consumer Products, Industrial, Aerospace& Defense, Automotive, Healthcare, Education & Research, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024
Ankur Gupta, Head Marketing & Communications