Global Metal Powders for Additive Manufacturing Market Size Likely to Surpass At a CAGR of 20.91% By 2033

According to current market research conducted by the CMI Team, the global Metal Powders for Additive Manufacturing Market is expected to record a CAGR of 20.91% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 517.32 Million. By 2033, the valuation is anticipated to reach USD 3,367.95 Million.

Metal Powder for Additive Manufacturing Market: Overview

There has also been a growing demand through extraordinary technological advances in various industries. This, in turn, creates a trend of fast growth in the market for metal powders in additive manufacturing, thereby transforming it. Aluminum, titanium, and nickel alloy metal powders are being increasingly used in both automotive and aerospace sectors to meet the rapidly growing need for intricately designed lightweight products, which would help improve fuel economy and make rapid manufacture.

Gradually, medical industries are beginning to use metal powders in 3D printing to produce highly demanded prosthetics, customized implants, and dental products through biocompatible metals such as titanium and stainless steel. All of the DED and PBF technologies are technically in development to enhance the speed and accuracy of 3D printing.

Because of these advances, more complex and performance-intensive parts are now possible using 3D printing. In addition, modern-day, suitable, and more commonly used high-performance alloys and specialty metal powders are designed specifically for environmental demand and benefit industries such as energy, oil, and gas.

The second major trend is sustainability, in which companies aim to reduce waste by reusing metal powders and energy-efficient manufacturing techniques. Geographically, the market is also growing, mainly in the Asia-Pacific region, due to an increased automotive and aerospace industry. These include China and India, which greatly influence the previously mentioned fields. The key drivers behind the metal powder market for additive manufacturing include growing innovation, material customization needs, and sustainability.

Metal Powder for Additive Manufacturing Market: Growth Factors and Dynamics

The Metal Powder for Additive Manufacturing Market Presents Significant Growth Opportunities Due to Several Factors.

• Advances in additive manufacturing and powder buildup: These are due to the improvement in AM capability, which may include 3D printing systems, powder manufacturing techniques, and atomization for developing more accurate uniformity in metal powder, thus opening up the market.

• Sustainability Initiatives: In a worldwide call to the manufacturing sector, global industries were challenged to adopt sustainable manufacturing and reduce the consumption of materials and energy- a key strength offered by AM. The third strength relates to near-net shape production of metal powders, a crucial advantage leading to reduced waste and resource consumption, which is very important for the long-term sustainable growth of the industry.

• Ability to Design and Customization Freedom: Additive manufacturing permits the production of complex and highly customized design solutions that cannot be easily achieved or even impossible using ordinary production processes. Metal powders value this capability for producing customized goods, which is appropriate for companies seeking quicker product development and customized goods and services.

• Government Initiatives: Better government and industry investment and policies favor the development of additive manufacturing markets for various applications, mainly in the defense, health, and industrial sub-segments.

Metal Powder for Additive Manufacturing Market: New Partnerships

• In October 2024, Sandvik AB launched a hot-work tool steel powder, Osprey HWTS 50, designed for laser-based additive manufacturing with better-quality printability. According to the company, it can also be used with MIM (Metal Injection Molding)& HIP (Hot Isostatic Pressing).

• In May 2024, a Germany-based metal powder seller and buyer launched a new online market. According to the company, the new platform is planned to renovate how industries obtain metal powders for Additive Manufacturing and associated applications by delivering full transparency on delivery terms and prices.

• In June 2024, Materialise, a 3D printing services and software provider, signed a memorandum of understanding (MOU) with ArcelorMittal Powders to build solutions to enhance metal 3D printing strategies and laser powder bed fusion (LPBF) equipment.

Report Scope

Metal Powder for additive Manufacturing Market: COVID-19 Analysis

The COVID-19 pandemic was very severe as far as the global Metal Powder for additive Manufacturing market is concerned. The pandemic caused a halt and delays in the global supply chain, causing a stoppage and delays in raw material supply and production.

Businesses such as aerospace and automotive were large consumers of metal powders for additive manufacturing and, therefore, experienced declined demand due to suspended manufacturing activities and reduced consumer spending. This led to the melting away of demand in the market because most of the ongoing projects were put on hold or stopped.

However, the pandemic also brought into sharp relief the advantages of additive manufacturing, mostly its speed, flexibility, and ability to produce customized, complex parts. Many companies resorted to additive manufacturing to address supply shortages, especially for medical equipment, including PPE and ventilator parts.

The medical sector’s mounting use of 3D printing to create serious devices and implants increased demand for bio-compatible metal powders. Most of such powders were mainly stainless steel and titanium because markets improved, and the market for metal powders in additive manufacturing made a comeback. Companies reoriented their supply chain strategies to emphasize local manufacturing and digitize production processes, thus benefiting 3D printing.

Another factor is that sustainability transitions fuel the change, as additive manufacturing produces less waste than traditional production methods. Although the pandemic slightly lengthened the maturity curve of market growth, it has accelerated metal powder adoption in additive manufacturing among large industries.

List of the prominent players in the Metal Powders for Additive Manufacturing Market:

• EOS
• Arcam
• Concept Laser
• 3D systems
• Trumpf
• Renishaw
• Optomec
• Matsuura Machinery
• ExOne
• Ping
• Phenix Systems
• Plunkett Associates
• Pratt & Whitney
• Progold MTU
• Metalysis
• GE
• Puris
• Sandvik AB
• Carpenter Technology Corporation
• GKN Powder Metallurgy
• Höganäs AB
• Others

The Metal Powders for Additive Manufacturing Market is segmented as follows:

By Manufacturing Technique

• Powder Bed
• Blown powder
• Others

By Material

• Alloys
• Stainless Steel
• Others

By Application

• Aerospace
• Automotive
• Medical
• Oil & Gas
• Energy
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America