3D Printing Metals Market 2022: Growth Insights, New Developments, Share, Trends, Emerging Technologies, Top Key Players and global Industry Forecast To 2031

(AmericaNewsHour via Comtex)

Kenneth Research examined the statistical and analytical approach that is required for the growth of 3D Printing Metals Market between the years 2022 and 2031. The key industrial insights provided in the report gives a better idea about the market overview to the readers regarding the existing scenario in the market. In addition, the report includes detailed discussion on current and future market trends that are associated with the growth of the market.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Printing Metals Market products.

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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.

3D Printing Metals Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022
Discovered in the 1980s, the three-dimensional printing, commonly known as additive manufacturing, has drastically changed the perception of the manufacturing process. The 3D printing technology uses a printer and a digital file to produce objects. The digital file is technically known as computer-aided design and is made according to the print requirement, materials type, and printer used to manufacture the printed product. According to material type, the market is majorly divided into plastics, photopolymers, metals, ceramics, and others that include metal-plastic composites and carbon fibers. Further, the metal segment of the 3D printing metals market is divided into precious metals (titanium, gold, silver, platinum, etc.), commodity metals (aluminum, copper, stainless steel, etc.), and alloys. Rapid prototyping for increasing the design efficiency has attracted OEM manufacturers, design hobbyists, and industrialists to opt for the 3D printing technology. Thus, a fair amount of 3D printing metals is demanded from the automotive and aerospace application industries. The 3D printing technology has drastically reduced the material wastage, thereby adhering to save the environmental policy, which makes it a more viable option for the end-users. The main application areas of 3D printing metal materials are in aerospace & automotive, healthcare & medical, commercial/industrial equipment manufacturers, and consumer products/electronics among others.

Globally, the demand for 3D printing metal materials is high in economically developed countries, whereas the developing regions are catching up the pace. Extensive consumption of metal materials comes from aerospace and automotive domains due to changing product designs from time to time. Further, the light weight of OEM components for better fuel efficiency to reduce carbon footprint is an additional factor boosting the exponential growth for the 3D printing metals market in the next 5 years.

The regional demand for 3D printing metals is consistently growing, especially in the European and North American regions. This growth is supported by lucrative, fast-growing technological industries, and the growing manufacturing market in these regions. Currently, North America is the global leader in the 3D printing metals market from the demand side. North America has the highest adoption of 3D printing technology due to higher literacy rate and the availability of skilled labor. The US, which is the predominant region in North America, has the advantage of having most of the manufacturing and consumption markets, thus providing the maximum contribution to the 3D printing metals market in the region. Europe is not far behind North America in terms of 3D printing metal materials consumption value. From the supplier side, Europe followed by Asia Pacific are the market leaders in the 3D printing metals market. The European market is also witnessing a capital influx in 3D printing technology from Tier 1 companies, which is increasing the regional competition.

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The study of the 3D printing metals market by Infoholic Research provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision-makers to make better business plans and informed decisions for the future business. In addition, the study helps venture capitalists in understanding the companies better and take informed decisions. Few of the key players in the 3D printing metals market are Stratasys, 3D Systems, SABIC, DOW, HP, Materialise, Sandvik Osprey, etc.
According to Infoholic Research, the global 3D printing metals market is expected to grow at a CAGR of 26.4% during the forecast period 2016-2022 to reach a value of $691.0 million by 2022. The Asia Pacific region has the fastest growth rate and is expected to move toward rapid adoption of 3D printing technology, which will directly boost the consumption by value, driven by Japan, China, and India. Asia Pacific is expected to contribute to the highest growth in the global 3D printing metals market.

Report Scope:
By Material Type
? Precious Metals
? Commodity Metals
? Alloys
? Others
By End-users
? Aerospace & Automotive
? Healthcare
? Construction & Architecture
? Commercial/Industrial
Regions
? Asia Pacific
? North America
? Europe
? Rest of the World

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The post 3D Printing Metals Market 2022: Growth Insights, New Developments, Share, Trends, Emerging Technologies, Top Key Players and global Industry Forecast To 2031 appeared first on America News Hour.

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