3-D metal printing market to reach $2.86 billion by 2025

Dublin-based Research and Markets has published “3D Metal Printing Market Analysis By Product (Titanium, Nickel, Steel, Aluminum), By Application (Aerospace & Defense, Automotive, Medical & Dental), By Form (Powder, Filament), By Region, By Country, And Segment Forecasts, 2014 – 2025.” According to the report, the global 3-D metal printing market is expected to reach $2.86 billion by 2025.

Metals are the fastest-growing 3-D printing materials worldwide. The market has witnessed advancements, both in terms of technologies and materials, to facilitate low-cost mass production of products. The metal powder segment is expected to grow at a CAGR of more than 30 percent from 2016 to 2025 with increased technological development in the field of metal printers.

The aerospace and defense sectors dominated the industry in 2015 with a share of more than 35 percent and are anticipated to witness significant growth with more applications in military aircraft, aircraft engine, commercial aircraft, complex weapon systems, high-volume weapons, and munition components. The medical sector accounted for a revenue share of more than 30 percent in 2015 as use of the technology increased in medical implants, medical devices, and surgical equipment, including crowns and bridges, model castings, and abutments.

Titanium is expected to have rapid growth from 2016 to 2025 because of its superior mechanical properties, accuracy in production, and early adoption of the product in aerospace and defense and medical industries.

Asia Pacific is anticipated to witness the fastest growth of more than 30 percent from 2016 to 2025 on account of rapid industrial development; supportive government policies; and high R&D investment in China, Japan, and South Korea.