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Additive Manufacturing With Metal Powders Market

Additive Manufacturing With Metal Powders Market

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Additive Manufacturing With Metal Powders Market

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  1. Additive Manufacturing With Metal Powders Market 2022: Global Analysis and Forecast to 2030

  2. Global Market Scenario of Bioglass Fiber Industry Global Additive Manufacturing with Metal Powders Market size is expected to exceed USD 1,825 million by 2030. Rising demand for lightweight aerospace & automotive components coupled with the rapidly growing medical sector across emerging economies such as China and India is anticipated to positively influence the market. Additionally, rising vehicles production coupled with an increasing focus towards developing fuel-efficient and lightweight vehicles should drive market growth. As per market analysis, some key findings of the additive manufacturing with metal powders market report include: Powder bed manufacturing technique is projected to grow with a CAGR of over 21.5% during the forecast timeframe owing to its low production cost and flexibility of a broad range of material selection.

  3. Continue:- Other steel materials such as high-speed steel, tool steel and low alloy steel are expected to surpass USD 53.5 million by the end of 2030 as they offer great corrosion resistance and high toughness after heat treatment. Key players in the additive manufacturing with metal powders market are focusing on adopting several strategic initiatives such as mergers & acquisitions, partnerships, and collaborations to cater the increasing demand for additive manufacturing with metal powders across the globe. North America accounted for a significant share in the additive manufacturing with metal powders market in 2021 and is anticipated to grow with a CAGR of over 20.5% owing to developed healthcare, aerospace, and automotive sector in the U.S. Additive manufacturing with metal powder market from other manufacturing techniques exceeded USD 9.5 million in 2021 and is expected to witness a growth of over 8.5% in the forecast period.

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/1783

  5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/1783 The stainless steel material market exceeded USD 67.5 million in 2021 and is expected to witness a growth of over 27.5% in the forecast period. Stainless steel is resistant to staining and corrosion and requires low maintenance. Thus, the use of stainless steel has increased significantly from the automotive, aerospace, and oil & gas industries, this, in turn, drives the market growth. Austenitic steel is widely used in aerospace, medical, and heavy industries like oil & gas owing to its superior formability and corrosion resistance properties. The medical application surpassed USD 64.0 million in 2021 and is expected to witness a growth of over 21.5% in the forecast period. Healthcare experts are focusing on additive manufacturing for implants as medical devices produced through traditional methods are costly and require complex and time-consuming manufacturing processes. Increasing production of medical devices such as orthopedic implants, cranial implants, dental restorations such as crowns, onlays & inlays, external prosthetics, and surgical instruments drives the market growth.

  6. Competitive Analysis: Asia Pacific additive manufacturing with metal powders market exceeded USD 62.5 million in 2021 and is anticipated to grow at a significant pace at over 21.5% CAGR up to 2028. Growing automotive business due to rising initiatives of government sector along with increased usage of additive manufacturing in human cells to treat incurable diseases in China and Japan is likely to favour regional industry growth. It is an additive manufacturing technique where a liquid binding agent is selectively deposited to join metal powder particles. The binder jetting process is capable of printing on ceramics, sand, and metals with fast processing time and a cost-effective production process, thus driving product demand.

  7. Title Latest Research Report On Bioglass Fiber Market@ https://www.gminsights.com/industry-analysis/additive-manufacturing-with-metal-powders-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1783 Request for customization: https://www.gminsights.com/roc/1783

  8. Stay In Touch You can visit us at: www.gminsights.com THANK YOU

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