Additive Manufacturing with Metal Powders Market Size, Share, Growth Analysis, By Material(Titanium, Aluminum, Stainless steel, and others), By Application(Aerospace, Healthcare, Automotive, and more), By Region - Industry Forecast 2024-2031

Additive Manufacturing With Metal Powders Market size was valued at USD 417.45 Million in 2022 and is poised to grow from USD 505.11 Million in 2023 to USD 2320.99 Million by 2031, at a CAGR of 21% during the forecast period (2024-2031). 

The additive manufacturing with metal powders market boasts a dynamic competitive landscape characterized by the presence of both established players and innovative startups. Key industry leaders like GE Additive, EOS GmbH, and Renishaw continue to drive technological advancements and market expansion through their extensive experience and research capabilities. These companies offer a wide range of metal powders, sophisticated 3D printing systems, and comprehensive solutions, catering to diverse industrial applications such as aerospace, healthcare, and automotive sectors. Simultaneously, emerging players like Desktop Metal and SLM Solutions are challenging the status quo with their novel approaches and cost-effective solutions. This competitive environment fosters rapid innovation, pushing the boundaries of additive manufacturing with metal powders and accelerating its adoption across industries on a scale. 'EOS GmbH - Germany', 'GE Additive - United States', 'SLM Solutions Group AG - Germany', 'Renishaw plc - United Kingdom', '3D Systems Corporation - United States', 'Arcam AB (a GE Additive company) - Sweden', 'Concept Laser GmbH (a GE Additive company) - Germany', 'Materialise NV - Belgium', 'ExOne Company - United States', 'Velo3D - United States', 'Trumpf - Germany', 'HP Inc. - United States', 'Markforged - United States', 'Desktop Metal - United States', 'Carpenter Technology Corporation - United States', 'Proto Labs - United States', 'Sintavia - United States', 'Optomec - United States', 'Additive Industries - Netherlands', 'XJet - Israel'

Using metal powders in additive printing, it is feasible to create extremely complicated and detailed geometries that would be difficult or impossible to make with conventional production techniques. Industries including aerospace, automotive, and medical may optimize component performance, reduce weight, and increase overall efficiency thanks to this design freedom.

Increased Adoption in Aerospace and Automotive Industries: Metal powder additive manufacturing has become increasingly popular in sectors including automotive and aerospace. Benefits from the technology included design optimization, intricate part geometries, and lightweighting. For instance, businesses in the aerospace industry were employing metal additive manufacturing to create complex parts that weighed less, improving fuel efficiency. The car industry was investigating the possibility of using additive manufacturing to create prototypes and bespoke parts more quickly.

North America was an important center for the production of metal powder additives, especially the United States and Canada. The aerospace, automotive and healthcare industries are well represented in the region and have adopted metal additive manufacturing technology to rapidly produce complex components through prototyping.