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3D Printing Metal Market Is Expected To Grow At A CAGR Of 31.0% From 2014 To 2025: Grand View Research, Inc.

3D Printing Metal Market Is Expected To Grow At A CAGR Of 31.0% From 2014 To 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to the report published by Grand View Research, global 3d printing metal market size was valued at USD 192.9 million in 2015 and is expected to reach USD 2.86 billion by 2025. The market will grow rapidly owing to increased demand for medical and dental application.

The global 3D printing metals market is expected to reach USD 2.86 billion by 2025, according to a new report by Grand View Research, Inc. Metals are the fastest growing 3D printing materials worldwide on account of high application scope coupled with increasing demand from the medical and dental application.

The market has witnessed advancements, both in terms of technologies and materials, in order to facilitate low cost and mass production of the products. This would also lead to flexibility in designs and ease of manufacturing of products for wide range of applications.

Numerous companies including GE have been utilizing metal 3D printing for the development of aerospace parts. In December 2016, Sigma Labs entered into a new contract with Honeywell aerospace. The Defense Advanced Research Project Agency (DARPA) selected the company for completion of phase III of the Open Manufacturing (OM) program. It is aimed at reducing the barriers involved in the metal 3D printing process including speed, cost, and repeatability.

Full research report on 3d printing metal market analysis: http://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market

U.S. 3D printing metals market revenue, by application, 2014 – 2025 (USD Million)

U.S. 3D Metal printing market

Further key findings from the report suggest:

  • Powder segment is expected to witness the fastest CAGR of over 30% from 2016 to 2025 on account of significant technological development in the field of metal printers
  • Aerospace & defense sector dominated the industry in 2015 with a share of over 35% and is anticipated to witness significant growth on account of high application scope in military aircraft, aircraft engine, commercial aircraft, complex weapon systems, high volume weapons, and munition components
  • The medical sector accounted for a share of over 30%, in terms of revenue, in 2015 on account of increasing use of the technology in medical implants, medical devices, and surgical equipment including crowns & bridges, model castings, and abutments
  • Titanium is expected to witness rapid growth from 2016 to 2025 on account of superior mechanical properties, accuracy in production, and early adoption of the product in aerospace & defense and medical industry
  • Asia Pacific is anticipated to witness the fastest growth of over 30% from 2016 to 2025 on account of rapid industrial development, supportive government policies, and high R&D investment in China, Japan, and South Korea
  • New product development is one of the major strategies being adopted by the industry players in order to strengthen their global position

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the global 3D printing metals market on the basis of form, product, application, and region:

Form Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Powder
  • Filament

Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Titanium
  • Nickel
  • Steel
  • Aluminum
  • Others

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Aerospace & Defense
  • Automotive
  • Medical & Dental
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Central & South AmericaMiddle East & Africa 
    • Brazil

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-3d-metal-printing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com  

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market

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