CHARLOTTESVILLE, Va., April 20, 2015 /PRNewswire/ -- In its new report, "Opportunities for 3D Printing Precious Metals: Jewelry and Other Applications" SmarTech Markets Publishing projects the market for 3D-printed components using precious metals to reach around $2.6 Billion by 2020 growing to $4.1 Billion by 2024.
For more information on the report see: http://smartechpublishing.com/reports/opportunities-for-3d-printing-precious-metals-jewelry-and-other-application
About the report:
This report discusses 3D printing (3DP) components fabricated from gold, silver, platinum and precious metal alloys. This is creating opportunities in the jewelry, medical/dental and electronics sectors. The report also covers 3DP for traditional jewelry casting.
Ten-year forecasts for precious metals consumed, services used and printers deployed for 3D-printed precious metals are included. There are also breakouts by type of metal and application, as well as product/market assessments of leading players in this space. Forecasts are presented in both volume and value terms.
Companies discussed include: 3D Systems, Argen, Asiga, Autodesk, Concept Laser, Cooksongold, DWS, EnvisionTec, EOS, Hilderbrand, Legor, Materialise, Optomec, Progold, Realizer, Shapeways, Sculpteo, Solidscape, Tanaka Precious Metals, Voxel8 and Xerox.
From the report:
By 2020 SmarTech expects 3DP to account for almost $100 million in precious metals materials, rising to over $170 million by 2024. Gold powder will account for much of these revenues due to the high price of gold and its prevalence in both jewelry and dentistry. Platinum group revenues will be the fastest growing, primarily because of the increasing use of palladium in dentistry and industrial R&D projects involving platinum and iridium.
Directly fabricated jewelry, dental and biomedical applications are suited to 3DP because they involve small, high-value parts with intricate or novel shapes which are difficult to fabricate conventionally. Currently, the most appropriate 3DP technology for precious metals is laser-based powder bed fusion. Historical difficulties associated with reflectivity in gold and silver powder material affecting energy absorption from lasers have been overcome, while some powder bed fusion systems are undergoing further development for optimization with precious metals.
The only other commercially available 3DP technology that can process precious metals is aerosol jet, using precious metal inks. However, there is potential for directed energy deposition processes to work with precious metals pending development of appropriate powders.
Although jewelry is the primary application for 3D-printed precious metals, two-dimensional printing of silver for electronics has a long history. We are now in the early stages of 3D-printed electronics in which components will be created in a single-build process. Applications for 3D printed electronics include antennas and sensors for the Internet-of-Things. The value of printed electronic components will reach almost $235 million in 2020 climbing to over $450 million in 2024.
SmarTech Markets Publishing is the leading provider of market research and industry analysis in the 3D printing/additive manufacturing sector. SmarTech has published reports on the important revenue opportunities in the 3DP sector and has a client roster including the largest 3D printer firms, materials firms and investors in the world.
See more at www.smartechpublishing.com
SOURCE SmarTech Markets Publishing