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New Industry Report: Metal 3D Printing is Now the Fastest Growing Segment of the 3D Printing Industry

by • August 3, 2016 • No Comments

3dp_metal3dpmarket_reportlinker_logoMetal 3D printing has been one of the most in-demand additive making technologies for years. But, for the reason of the innovation’s expense, speed and part dimensions limitations it has primarily been utilized in a handful of low-volume industries like aerospace and biomedical. But thanks to rapidly improving innovation and a growing belief of the system, industrial applications for metal 3D printing have begined to rapidly expand. According to a new market research report of IDTechExthat focuses entirely on the metal 3D printing market it has officially become the most rapidly growing segment of the industry and looks to go on that trend through 2020.

metalgrowth-printing deviceThe focus of the 3D printing industry has been trending away of the hobbyist/manufacturer market and onto the industrial and business market for almost two years now, and metal 3D printing is at the center of that. Whilst FDM innovation is yet the biggest segment of the market, and sales go on to rise, they are not rising only about as rapidly as metal 3D printing equipment and materials. The growing demand for metal applications is being driven by the increased use of the innovation to manufacture low-volume or individually customized metal parts for high end engine components and medical implants. According to the report, metal 3D printing device sales grew by 48% last year while material sales grew at a rate of 32%. The report’s projections suggest that sales can go on growing at much like rates of growth over the upcoming 4 years.

GE Aviations 3D printed fuel injection nozzle.

GE Aviations 3D printed fuel injection nozzle.

The sturdy growth is being attributed to early adopters of additive making innovation like GE Aviation, that have long incorporated 3D printing into their production workflows. They have utilized metal 3D printing equipment to create hard-to-fabricate parts for years, but they are expected to be dramatically stepping up their use of the innovation in the coming years. They are may already investing a huge $3.5 billion into additive making, which include facilities that can house multiple EOS M-280 3D printing equipment, where they are expected to create additional than 100,000 fuel nozzles by 2020. Medical applications have in addition been one of the earliest industries to adopt the innovation, and according to metal 3D printing device manufacturer Arcam, to date their machines have been utilized to print additional than 50,000 orthopedic implants. Combined, the aerospace industry and the medical implant industry hold 31% of the titanium alloy materials market share.

The report notes that existing industries that may already rely on metal 3D printing can go on to expand its use, while new industries and companies are moving rapidly to add the innovation to their own workflows in order to remain competitive. San Diego-based Argen Digital, the world’s biggest manufacturer of dental alloys, that successfully expanded their business into digital dentistry a few years ago. Thanks to their 12 Concept Laser Selective Laser Melting (SLM) metal 3D printing equipment they are one of the world’s biggest suppliers of the metal substructures utilized to manufacture custom copings and bridges. German engineering company Siemens has begun via metal 3D printing equipment to manufacture huge gas turbine blades as well as tutorial vanes for their state-of-the-art power generators. And NASA has revealed plans to begin 3D printing as much of their upcoming-generation rocket engines as possible, with a goal of 80-100% inside the upcoming few years.

Argen Digital and 1 of their 12 Concept Laser Selective Laser Melting metal 3D printing equipment .

Argen Digital and 1 of their 12 Concept Laser Selective Laser Melting metal 3D printing equipment .

One other industry that is begining to rapidly incorporate metal 3D printing equipment in their businesses is the jewelry industry. Jewelry production is may already a heavy user of stereolithography, DLP and other 3D printing technologies thanks to their skill to create highly detailed molds, yet most jewelers have not long ago begined to only 3D print the jewelry itself via SLM innovation. The jewelry industry is really well-equipped to rapidly adopt metal 3D printing innovation for the reason there are no qualifying standards for jewelry that they require to meet, the industry has may already been via CAD software for years and they are may already utilized to finishing, polishing and post-systeming raw jewelry. Additionally, the innovation is really cost effective when it comes to making custom, unique parts or objects with complicated geometries. The jewelry industry is may already consuming 49% of the market share for gold powder materials.

The jewelry industry consumes 49% of the market share for gold powder materials.

The jewelry industry consumes 49% of the market share for gold powder materials.

The 161-page “3D Printing of Metals 2015-2025: Pricing, properties and projections for 3D printing equipment, materials and applications” industry report was compiled by IDTechEx analysts who collected information of 29 companies working inside the industry. That comes with 10 metal 3D printing device manufacturers, 7 metal powder materials suppliers and 10 end-users. This is the initially market research report that is dedicated entirely to the metal 3D printing market. You can purchase the full market report directly of Reportlinker. Discuss additional over in the 3D Printing with Metal forum at 3DPB.com.