3D Printing Metals Market to Hit 31.5% CAGR to 2020 Led by Aerospace & Defense Segment

Mar 22, 2016, 04:00 ET from ReportsnReports

PUNE, India, March 22, 2016 /PRNewswire/ --

The global 3D printing metals market is projected to reach $776.8 million by 2020, at a CAGR of 31.5% from 2015 to 2020 with increasing application of 3D printing in aerospace & defense industry, majorly in the manufacturing of aircraft engines and components as well as the expiry of various technology patents, which are the key factors that are expected to drive the growth.

Complete report on global 3D printing metals market spread across 145 pages, profiling 10 companies and supported with 82 tables and 46 figures is now available at http://www.reportsnreports.com/reports/512109-3d-printing-metal-market-by-form-powder-and-filament-by-type-titanium-nickel-stainless-steel-aluminum-others-by-application-aerospace-defense-automotive-medical-dental-others-and-by-region-global-forecast-to-2020.html   

The aerospace & defense application segment accounted for the largest share of the 3D printing metals market in 2014. It is also estimated to be the fastest-growing market during the forecast period of 2015 to 2020. 3D printing technology has the ability to bring revolution in the manufacturing industry and in medical and dental segment as well. It is also been successively used in bone replacements, patient specific implants, dental crowns, and so on. Factors, such as rapid technological developments, rising demand from end-user industries, along with the expiry of patents will contribute to the growth of global 3D printing metals market.

North America was the major market for 3D printing metals in 2015. Product innovations, new research and development projects, and increasing demand from aerospace & defense industry have fueled the demand for metal 3D printing in North America. The 3D printing metals market in Asia-Pacific region is estimated to be the fastest-growing market between 2015 and 2020. Metal powder and printer manufacturers in Europe are expanding their business in Asia-Pacific region and there is a huge knowledge transfer taking place between developed and emerging countries through active engagements in different forums. Rising demand from end-user industries and new investments from engineering and manufacturing companies will drive growth in this region.

Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and regulations. Leading producers of 3D metal printers and raw material manufacturers including 3D Systems Corporation (U.S.), Renishaw Plc. (U.K.), Arcam AB (Sweden), Carpenter Technology Corporation (U.S.), GKN Plc (U.K.), Sandvik AB (Sweden), and LPW Technology (U.K.), have been profiled in this report. Order a copy of 3D Printing Metal Market by Form (Powder and Filament), by Type (Titanium, Nickel, Stainless Steel, Aluminum, Others), by Application (Aerospace & Defense, Automotive, Medical & Dental, Others), and by Region - Global Forecast to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=512109  

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (37.5%), Tier 2 (50%) and Tier 3 (12.5%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (11.1%), Director Level (11.1%) and others (77.8%) from various key organizations operating in the global 3D printing metals market. The primary interviews were conducted worldwide covering regions such as APAC (35.7%), Europe (21.4%), North America (28.6%) and RoW - 14.3%

On a related note, another research on 3D Printing Gases Market Forecast to 2020 says, the 3D printing/additive manufacturing gases market size is estimated to grow USD 26.92 million in 2015 to USD 45,123.29 thousand by 2020, at a CAGR of 10.88 %. The 3D printing/additive manufacturing gases market is driven by factors such as rise in demand for automotive and consumer products in developing countries and the growing healthcare market globally. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities. Companies like BASF SE, Linde Ag, Air Liquide S.A., Praxair Inc., Air Products and Chemicals, Inc., Iwatani Corporation, Airgas Inc., Matheson Tri-Gas Inc., Messer Group and Iceblick Ltd. have been profiled in this 214 pages research report available at http://www.reportsnreports.com/reports/448652-3d-printing-gases-market-by-type-argon-nitrogen-technology-stereo-lithography-laser-sintering-poly-jet-storage-distribution-cylinder-merchant-liquid-tonnage-function-insulation-illumination-cooling.html   

Explore more reports on the Advanced Materials market at http://www.reportsnreports.com/market-research/advanced-material/   

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