Additive Manufacturing: Metal Powder

Total metal AM powder market

2018                        2019                        2020                       2021                                

$308.4 million        $410.5 million        $620.6 million        $831.2 million

2022              2023             2025              2027

$1.1 billion   $1.4 billion   $2.1 billion   $3.1 billion

Laser powder bed fusion – Highest grossing metal AM technology sub-segment

Metal AM market share by segment (pie charts side-by-side)

2018

35% Titanium

28% Cobalt-chrome

12% Nickel alloys

9% Steels

7% Refractory metals

4% Precious metals

3% Aluminum

2% Others

2023

31% Titanium

25% Cobalt-chrome

11% Nickel alloys

10% Steels

12% Refractory metals

4% Precious metals

4% Aluminum

3% Others

Top growth drivers for metal AM

Medical

Aerospace

Markets with growing importance to metal AM

Automotive

Energy

Source: SmarTech Publishing; Additive Manufacturing Opportunities in 2018-2023; https://tinyurl.com/y8zgnux2