Global Metal Powders for Additive Manufacturing Market 2024–2033

Reports Description

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.

The usage of additive manufacturing is increasing, which is one of the key factors contributing to the growth of metal powders in the additive manufacturing market. It’s clear that as various industries, such as industrial manufacturing, aerospace, automotive, and healthcare, gradually integrate AM into their production processes, the demand for high-quality metal powders will continue to rise steadily.

AM is a better option than conventional manufacturing processes because it can produce lightweight, complex, high-performance parts with better design freedom. Metal powders, including aluminum, titanium, stainless steel, and nickel alloys, are critical to these parts because they need to meet stringent prerequisites in sectors that demand strength and endurance.

For example, the aerospace industry employs AM to acquire lightweight parts that translate into less fuel consumption; for the automotive industry, it is used for faster prototyping and development of spare parts for electric automobiles.

Since the technology remains progressive and offers new efficient and cost-effective production possibilities, AM is believed to see a growing demand for specialist metal powders, according to several applications that should spearhead the market further.

Metal Powders for Additive Manufacturing Market: Significant Growth Factors

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

• Growing Applications across Industries: This situation is prevalent in diversified industries such as industrial manufacturing, aerospace, automotive, and the healthcare sector, thereby enhancing the market for metal powders. These areas rely on AM to produce tough, lightweight, and challenging elements, and there is a demand for better metal powders, nickel, titanium, and aluminum alloys.

• Technological Developments in Additive Manufacturing and Powder Construction: This is a result of constant upgrading of AM capability in terms of better 3D systems printing and powder manufacturing methods, where atomization has been key in developing better metal powder uniformity in accuracy and thus boosting the market.

• Sustainability Initiatives: Globally, the manufacturing industry has been encouraged to adopt sustainable manufacturing to minimize the consumption of material and energy, something AM offers. A third advantage of metal powders is that they can be produced near-net shape, thus requiring less waste and resources, which is an important factor for sustainable development of the market in the long term.

• Improved Focus on Lightweight Materials: While enterprises continue to improve energy intensity and eat back expenditures, more attention is being paid to boosting efficiency by employing lightweight materials, particularly for automotive and aerospace industries. Such components can be produced using metal powders, to the back of increased use of the latter.

• Design and Customization Freedom: Additive Manufacturing makes complex and highly individualized design solutions that are hard or intrinsically unachievable using conventional manufacturing methodologies possible. This ability to create personalized products suits industries looking for faster product development and personalized products and services, adding value to metal powders.

• Government and Industry Support: Favourable investments and policies by the industry players and the government in promoting additive manufacturing for other uses, particularly in health, defence, and industrial subindustries, are enhancing the market’s growth.

Metal Powders for Additive Manufacturing Market: Product Launch and Partnership

The Metal Powders for Additive Manufacturing Market has seen several new product launches and partnerships in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of product launches and partnerships in the Metal Powders for Additive Manufacturing Market include:

• 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, equally, a Germany-based metal powder seller and buyer launched a new online metal powder marketplace. 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.

These partnerships and product launches helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Metal Powders for Additive Manufacturing Market. The trend is expected to continue as companies seek a competitive edge.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Metal Powders for Additive Manufacturing Market – Significant Threats

The Metal Powders for Additive Manufacturing market faces several significant challenges that could potentially impact its growth and profitability in the future. These threats include:

• High Prize of Metal Powders: The required procedure for developing good metal powders, particularly materials such as nickel and titanium alloys, is still expensive. This cost can be a barrier to the vast adoption of AM expertise, particularly for firms that are SMEs or organizations with strict spending plans.

• Technological Restrictions: Additive Manufacturing technology has advanced progressively, but it still presents challenges regarding material selection, scalability, and build rate. Some metals are difficult to postprocess using AM techniques, thus limiting the application of metal powders in large-scale production or for further advanced materials.

• Competition from Alternative Manufacturing Methods: Applications such as casting and machining of parts have endured and, in some instances, are still cheaper since they are conventional manufacturing techniques. Therefore, AM and the metal powders that pertain to these methods could be at risk of being replaced by these methods in some applications.

• Limited Skilled Workforce and Awareness: The AM business requires an extremely skilled workforce with capability in material science and technology. A lack of qualified personnel and low awareness of metal powders’ potential in AM among conventional firms might restrain market growth.

• Certification and Regulatory Obstacles: Initially, in strongly standardized industries like automotive, aerospace, and medical, where metals are being utilized in AM, metal powders also have to adhere to certain certifications. There is a need for cost and time associated with certification and testing, which could challenge providers and postpone the review of new metal powders.

Category-Wise Insights

By Manufacturing Technique

• Powder Bed: It is one of the most widely used processes wherein metal powder is used and spread through a platform in the form of an exceedingly thin layer and then the material is patterned from laser or electron beam to practice solid parts. AM methodologies containing SLS (Selective Laser Sintering), EBM (Electron Beam Melting) iteration here. Powder bed manufacturing techniques are mainly suitable for producing higher accuracy and more complex geometry of the part used in health care, aerospace, and industrial manufacturing industries.

• Blown Powder: In this method, a laser or an electron beam creates a melt pool and blows metal powder directly into it. This doubles for the direct deposition of the raw material, making it very efficient when creating big parts with many substructures or reconstructing components. Blown Powder techniques, including Laser Metal Deposition (LMD), have also been useful in the automotive, aerospace, and energy industries because they enable faster form rates of big parts and can use a variety of metals and alloying elements.

• Others: This segment lists relatively new processes like Cold Spraying and Binder Jetting technologies. These procedures involve advantages such as shorter form times and reduced post-processing. Companies using these procedures realize the potential for optimal employment, including for small runs or large-scale arrangements, thereby extending the total versatility of metal additive manufacturing techniques.

By Material

• Alloy: Aluminum, titanium, and nickel-based alloys are widely used in AM technology because of their high mechanical performance. Titanium alloys are especially in demand in the medical and aerospace industries due to their high strength-to-weight ratio, biocompatibility, and high corrosion resistance. Aluminum alloys are also used widely in aerospace and automotive industries to bring lighter parts that enhance fuel efficiency. Nickel-based alloys, which have remarkable properties, are mainly applied in applications where a certain degree of heat resistance is required, for instance, in aerospace engines and gas turbines.

• Stainless Steel: Stainless steel is another material used in metal-based AM and it offers a combination of corrosion immunity, mechanical strength and expense. This is widely used in fields like industries, especially healthcare industries, where stainless steel powders are utilized for producing surgical implants and instruments, and in manufacturing and automotive industries, for developing components that can withstand wear and tear and are very strong. The versatility of stainless steel means that it is used in many different environments and is popular in many fields.

• Others: This category includes copper and other special alloys, metals such as cobalt chromium, and other precious metals. These materials are typically used for specialized applications. For example, cobalt-rich chromiums are popular in dental and medical industries due to their ability to be spent on bodies without causing reactions and the fact that they harden when rubbed against each other; copper for the fact that it is very useful in electrical parts since it conducts electricity.

By End-User

• Aerospace: The aerospace business uses metal powders to construct sturdy and light materials, which are important in space and airplanes. Complex geometry can be produced that optimizes light weighting without sacrificing performance and, thus, fuel efficiency and safety. Al & Ti alloys are widely preferred since they offer greater strength-to-weight ratios.

• Medical: The healthcare industry uses metal powders to make different surgical tools, implants, or prosthetics for particular patients. Biocompatible and strong metals like titanium and stainless steel are often employed; only complex designs can be produced, giving better solutions that lead to early patient recovery.

• Energy: Metal powders produce reliable and optimum elements in the energy sector, especially in wind and solar technologies. AM application equally contributes to improving the performance and durability of energy systems.

• Automotive: In the auto industry, metal powders are iteratively incorporated into the framework of building parts for electric and traditional cars. The need for fuel-efficient and lightweight parts drives the adoption of additive manufacturing. This technology’s dexterity in rapid prototyping and customization allows automobile manufacturers to reinvent and respond swiftly to prevailing market challenges apparent in product results and shorter innovation periods.

• Oil & Gas: The oil and gas industry benefits from metal powders used in the manufacturing of parts that work under high pressures and temperatures, such as valves, pumps, and drilling equipment. In this sector, the disbursement of additive manufacturing delivers high-performance, robust parts ideal for consistent performance.

• Others: This category includes applications in industrial manufacturing products, armaments, and consumer products, whereby metal powders are used to manufacture elements that are focused on their functionality and experience unique performance requirements.

Report Scope

Metal Powders for Additive Manufacturing Market – Regional Analysis

The Metal Powders for Additive Manufacturing market is segmented across several key regions, each presenting distinct opportunities and trends:

• North America: This region has one of the largest metal powders for the additive manufacturing market, mainly fuels by progressive defense and aerospace industries. The existence of key players, along with substantial investments in research and development, drives innovation in metal powder equipment. Countries like the U.S. are at the forefront of implementing additive manufacturing expertise, leading to improved demand for high-performance metal powders.

• Europe: Europe is another substantial market, with countries such as the UK, France, and Germany playing essential roles. The region’s robust healthcare and automotive sectors subsidize the increasing demand for metal powders. European companies are gradually aiming for efficiency and sustainability, driving the growth of advanced metal powder results. Moreover, the strict regulations in the medical and aerospace sectors promote the requirement for certified and high-quality metal powders.

• Asia Pacific: The expanding industrial manufacturing and automotive sectors in nations like Japan, China, and India are causing the metal powders for additive manufacturing market in the Asia Pacific region to develop quickly. Numerous businesses are implementing additive manufacturing expertise, and government advantages to encourage cutting-edge manufacturing practices are increasing market potential in this region.

• Latin America, the Middle East, and Africa (LAMEA): Growing investments in manufacturing capacity and infrastructure are enabling the LAMEA region to emerge as a new market for metal powders in additive manufacturing. Although still rising compared to other regions, countries in Latin America and the Middle East are progressively implementing additive manufacturing techniques, which results in a surge in demand for metal powders as businesses pursue improvements in their manufacturing developments.

Competitive Landscape: Metal Powders for Additive Manufacturing Market

The Metal Powders for Additive Manufacturing Market is highly competitive, with established players and emerging companies all striving to innovate and capture market share. Some of the key players in the market include:

• 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

These companies are involved in the metal powders for the additive manufacturing market through various strategies, such as product differentiation, joint ventures, and acquisitions. Companies are keen to introduce new products and differentiate themselves and seek to increase their market share.

Major recognized performers are Carpenter Technology Corporation, Höganäs AB, Sandvik AB, and 3D Systems Corporation. These businesses leverage their broad capability in additive manufacturing and metallurgy to develop high-quality metal powders for specific applications. They focus on innovation to develop powders that meet the requirements of organizations in the automotive, aerospace, and medical industries.

Reciprocity also exists in networks and affiliations since firms seek to enhance their technological capabilities and increase the number of products made. Diverse is also the increase in the number of SMEs in this sector offering sophisticated solutions and products, which increases rivalry.

Furthermore, increasing concerns about sustainability and high cost are compelling organizations to develop better-quality, eco-friendly metal powders and the reutilizing methodology. Controlling the market as it produces, players must unfathom building customer requirements and technology, and one must consider strategies based on investments in technology and talent to sustain a competitive position in a fast-growing area of additive manufacturing.

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