North America Additive Manufacturing with Metal Powders Market - By Manufacturing Technique (Powder Bed, Blown Powder), By Material (Alloy, Cobalt, Copper, Nickel, Aluminum, Aluminum Nitride, Aluminum Oxide, Magnesium) By Application & Forecast, 2021- 2030

North America Additive Manufacturing with Metal Powders Market Size

North America additive manufacturing with metal powders market size was over USD 135 million in 2020 and is estimated to grow at over 20.5% CAGR between 2021 and 2030 owing to increasing demand from aerospace, medical and automotive industries. Additionally, rising company adoption for additive manufacturing to achieve design freedom and gain competitive advantage is projected to boost the product demand over the projected period.
 

Additive manufacturing finds demanding applications in manufacturing several medical devices used in cranial plates, hip joints, external prosthesis and in dental restorative and prosthetic devices including dental cements, direct filling resins, denture resins, night guards, orthodontic retainers, crowns, night guards, inlays and on lays, among others. The continuously widening application scope for selective laser sintering (SLS) in different medical and healthcare applications such as tissue engineering is expected to further contribute to additive manufacturing with metal powders market growth in North America over the forecast period.
 

Numerous benefits of additive manufacturing techniques for manufacturing medical devices over other conventionally used techniques including cost saving, generation of less waste and less time consuming and less complicated manufacturing process should favour the growth of North America additive manufacturing with metal powders market over the forecast period. Improved quality healthcare and higher spending on healthcare services have propelled the growth of healthcare industry in North America.
 

North America Additive Manufacturing with Metal Powders Market Analysis

Powder bed manufacturing technique segment surpassed USD 115 million in 2020 and is anticipated to show growth of 21% of CAGR in the forecasted period. Increasing adoption of powder bed fusion technique for 3D printing owing to its various advantages including reduced cost, less material wastage and efficient recycling of un-melted powder should boost product consumption in turn accelerating the North America additive manufacturing with metal powders market share.
 

Growing use of 3D printing to design customized products mainly in automotive, healthcare, and aerospace & defence industries along with rising government Investments in 3D printing projects is propelling the growth of 3D printing industry in the region, this, in turn, leads to high demand for additive manufacturing with metal powders.
 

The Direct Metal Laser Sintering (DMLS) manufacturing technique segment is projected to reach USD 620 million by 2030. Increasing usage of DMLS technology for 3D printing of metal parts owing to its ability to form complex geometries accurately should foster product demand. Increasing demand for metal parts for building & construction use and expansion of the construction sector in the U.S. has led to significant growth in the metal industry, which should accelerate demand for Direct Metal Laser Sintering (DMLS) manufacturing techniques.
 

Selective Laser Melting (SLM) manufacturing technique segment should grow with the CAGR of over 19.5% in the forecast period. Increasing use of metal powder such as stainless steel, titanium and its alloy and aluminium alloy for selective laser melting technique should augment the additive manufacturing with metal powders market revenue in North America region.
 

The stainless-steel material segment is anticipated to surpass USD 250 million up to 2030. Stainless steel is widely used in industries such as automotive, consumer goods and construction industry owing to its hardness, good stability and resistance to corrosion to diluted acids which reduces maintenance cost. Stable economic growth and higher expenditure of consumers on automotive and consumer goods will propel the growth of automotive, consumer goods and construction industries.
 

Austenitic steel segment is anticipated to show growth of over 25.0% CAGR in the forecasted period owing to its advantage to the environment and increasing application in medical and aerospace which will propel North America additive manufacturing with metal powders market sales.
 

The martensitic steel segment is projected to reach USD 170 million by 2030. Surging demand from construction and automotive industries along with advantages offered by martensitic steel such as low cost and corrosion should foster its demand over the forecast period.
 

Aerospace application segment surpassed USD 55 million in 2020 and is anticipated to show growth of 22.5% of CAGR in the forecasted period. Increasing use of additive manufacturing technology for 3D printing of various components of aircrafts such as cabin interior components, landing gear, turbine parts and jet engines should boost product demand. High focus on producing lightweight and more efficient aircraft along with growing demand for commercial aircrafts drives the U.S. aerospace industry.
 

The U.S. in North America additive manufacturing with metal powders market is projected to register gains over 20% CAGR in 2021 to 2030. Increasing focus of U.S. region to increase its contribution to global renewable energy industry is driving the regional market. The product is used to manufacture components of wind energy turbines by additive manufacturing technology. Moreover, rising efforts of North American region to meet rising power demand using renewable energy resource should drive product demand for renewable energy applications in turn accelerating industry growth in the forecasted time period.
 

North America Additive Manufacturing with Metal Powders Market Share

North America additive manufacturing with metal powders industry is moderately consolidated and competitive and is characterized by the presence of medium & large industry players operating worldwide. The key players in the market include

• 3D Systems Corporation
• Aerojet Rocketdyne
• EOS GmbH
• GE Additive
• ExOne

The key market participants are implementing various strategies includes partnerships, collaborations, and mergers & acquisition in order to increase market share and to tap the growth opportunities in the market.

For instance, in March 2020, Praxair Surface Technologies signed an agreement with Siemens. The contract covers coating services across Siemens products such as Aerospace and industrial gas turbine components. The contract is aimed at sustaining PST’s continuous relationship with Siemens and accelerating business growth.
 

North America additive manufacturing with metal powders market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons, and revenue in USD Million from 2016 to 2030 for the following segments:

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By Manufacturing Technique

• Powder Bed
  • Direct Metal Laser Sintering (DMLS)
  • Selective Laser Melting (SLM)
  • Electron Beam Melting (EBM)
• Blown powder
  • Direct Metal Deposition (DMD)
  • Laser Engineering Net Shapes (LENS)
• Others

By Material

• Alloy
  • Titanium
    • Ti6Al4V
    • Ti6Al4V (ELI)
    • Others
  • Cobalt
    • CoCr
    • CoCrWC
    • CoCrMo
  • Copper
    • C18150
    • CuCr1Zr
    • CuNi2SiCr
  • Nickel
    • Inconel 625
    • Inconel 718
    • Hastelloy X
  • Aluminium
    • ALSi12
    • ALSi7Mg
    • ALSi10Mg
    • AL6061
    • Others
• Stainless Steel
  • Austenitic Steel
  • Martensitic Steel
  • Duplex steel
  • Ferritic Steel
• Other Steel
  • High Speed Steel
  • Tool Steel
  • Low Alloy Steel
• Precious Metal
• Tungsten
• Tungsten carbide
• Silicon carbide
• Aluminium Oxide
• Zirconium
• Zirconium dioxide
• Molybdenum
• Magnesium
• Aluminium nitride

By Application

• Aerospace
• Automotive
• Medical
• Oil & Gas
• Energy
  • Nuclear
  • Renewable
• Other

By Region

• North America 
• U.S
• Canada
• Mexico