Additive Manufacturing Research (AM Research) has released its latest report, Titanium Powder for Additive Manufacturing in 2024, projecting the market for titanium powders in additive manufacturing (AM) to grow from $214 million in 2023 to $1.4 billion by 2032.

According to the research organisation, the report offers data on market trends, tracking revenues across industries, regions, and printing technologies. 

It also identifies aerospace and medical sectors as key drivers of titanium powder demand, with additional contributions from jewellery and automotive applications.

According to the report, Powder Bed Fusion (PBF) accounts for the largest share of titanium AM applications, with revenues four times higher than those from Directed Energy Deposition (DED) and twelve times larger than Metal Binder Jetting (MBJ). 

The Bound Metal Deposition (BMD) market remains the smallest segment, estimated at half the size of MBJ.

However, the report forecasts MBJ will see notable growth by 2032, potentially closing the gap with DED.

The study highlights several companies active in the titanium AM market, including AP&C, Tekna, Carpenter, Praxair, Sandvik, 6K Additive, and IperionX. 

It also references manufacturing and technology providers such as GE Additive, EOS, Renishaw, Boeing, Safran, and Zimmer Biomet, among others.

The report, structured in two parts, combines market data with written analysis. It covers metrics such as material shipments, revenues by geographic region, and print technology trends. 

Additionally, it explores the role of Titanium Metal Injection Molding (MIM) within the broader titanium AM market.

The full report, including forecasts and industry insights, is available for purchase on the AM Research website. 

A free sample can also be requested.

For more details, visit: Titanium Powder for Additive Manufacturing in 2024.

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In a study released by Additive Manufacturing Research, the report titled “Additive Manufacturing in the Energy Sector: Market Analysis & Forecast” has forecasted a surge in market activity, from $2.6 billion in 2023 to a projected $17 billion by 2032.

The analysis delved into the opportunities and potential of additive manufacturing (AM) technologies across the oil & gas, nuclear, and renewable energy landscapes.

Authored by industry consultant Oliver Smith, of ReThink Additive, the report highlighted the impact of 3D printing on conceptualising, developing, deploying, and maintaining crucial assets and equipment.

This comes at a time as the global energy landscape navigates the challenges of decarbonisation and geopolitical uncertainties, Additive Manufacturing Research said in a press release.

The study suggested that energy providers, technology firms, investors, and policymakers must adopt proactive measures to fully leverage the potential of additive manufacturing.

Noteworthy companies and organisations profiled in the report include Shell, GE Power & Renewable Energy, ExxonMobil, Baker Hughes, ConocoPhillips, Westinghouse, American Petroleum Institute, DNV GL, Lloyd’s Register, Stratasys, 3D Systems, EOS, Desktop Metal, and Markforged.

Authored by Oliver Smith, a seasoned 3D printing industry consultant with over a decade of experience, the report draws on insights from Smith’s tenure at Stratasys’ consulting division, showcasing a deep understanding of the energy sector’s evolving needs.

Moreover, according to the study, AM is expected to play a pivotal role in streamlining operations, reducing downtime, and pushing the boundaries of innovation for next-generation energy sources.

The report also addressed challenges such as material limitations, regulatory compliance, and industry-specific certifications and standards, all of which are already under consideration.

Since 2013, Additive Manufacturing Research, previously known as SmarTech Analysis, has been releasing comprehensive reports that cover significant revenue opportunities within the 3D printing and additive manufacturing industry.

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Additive Manufacturing Research has recently published a study affirming the optimistic future for prominent additive manufacturing (AM) technologies.

The findings indicate that these technologies are well-positioned to play crucial roles in manufacturing across diverse industries in the coming decade, with anticipated annual print production exceeding $100 billion.

In particular, total global metal additive prototyping growth experienced a slowdown in 2023 compared to the previous year, with a similar trend observed in the production of additive tools.

However, the printing of end-use parts using AM technologies saw an acceleration, AM Research said in a press release.

Despite a slight dip in growth compared to 2022, the printing of metal tools and tooling using AM technologies surged by nearly 41 percent in 2023.

The market for 3D-printed polymer prototypes exhibited a modest five percent growth during the year. Nevertheless, overall polymer parts printing volumes increased, propelled by a rise in end-use parts printed.

According to AM Research, this growth was particularly driven by the adoption of material extrusion and powder bed fusion technologies.

Notably, with the widespread availability of relatively low-cost, professional polymer powder bed fusion printers, AM Research projects that the printing of end-use polymer parts using powder bed fusion will double that of material extrusion processes.

The data-only report features exhaustive data files, with separate sections for Metal 3D printed parts and Polymer 3D printed parts.

These files include historical and projected production volumes, along with resulting market values for AM parts spanning prototypes, tools and tooling, and end-use production parts.

The report covers eight major industries and dozens of part categorisations, ranging from aircraft and helicopter engine components in the aerospace sector to nuclear reactor components in the energy industry.

The data reflects real market activity through Q2 2023, combined with proprietary projections for the coming decade.

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In a report released by Additive Manufacturing Research (AMR), the global additive manufacturing (AM) market has faced a one per cent estimated sequential decline in the third quarter of 2023 compared to the previous quarter.

This marks the third consecutive quarter of slowed growth, primarily impacting hardware sales, AMR revealed in a media release.

However, data show the market continues to exhibit a robust 13 per cent year-over-year growth, reflecting the resilience of the additive manufacturing industry.

Scott Dunham, AM Research EVP, highlighted the notable influences on the current market trends, stating, “The impacts of the macro environment and higher costs of capital are being seen in AM market numbers, mainly in hardware sales, while materials sales remain healthy.”

In particular, the report encompasses various facets of the AM market, including printers, print materials, and print production services, covering both polymer AM and metal AM markets.

Despite the challenges, demand for print services in the quarter demonstrated mixed results, with companies grappling with ongoing supply chain disruptions.

However, shorter backlogs have reduced the opportunity costs of not adopting new solutions like AM.

Dunham continued, “Additionally, product development spending appears to be down, which impacts AM services.”

Looking forward, AMR said it anticipates some market softness to persist through 2024 due to factors such as interest rates.

However, growth in the AM sector during this period is expected to be fueled by influential users who continue to scale up their activities.

The dynamics of the market indicate a shift in focus from new entrants to established players expanding their operations.

The report includes data from prominent companies in the AM sector, including 3D Systems, Stratasys, Markforged, Desktop Metal, Velo3D, Nikon SLM Solutions, EOS, GE Additive, Trumpf, Farsoon, BLT, HBD, Eplus, Optomec, BeAM, HP, Formlabs, Prodways, DWS, and Carbon.

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The seventh edition of Additive Manufacturing Research’s “Metal AM Markets: 2023” report has forecasted that the metal 3D printing market will reach $5.4 billion in 2023, including $3.2 billion for contract services, $1.3 billion for hardware, and $920 million for materials.

According to the report, while there may be a contraction in hardware investments, it is expected to be offset by growth opportunities in materials and contract services. 

Unlike the overall AM market, which includes polymers and other materials, the study found that the metal 3D printing sector is expected to experience substantial growth in 2023, primarily driven by the actual application of metal AM processes, rather than research and development.

The report’s key findings also reveal that the metal additive manufacturing (AM) industry is experiencing steady growth rather than an acceleration in 3D printing and additive manufacturing. 

The report delves into two potential scenarios that could boost market momentum, namely increased Defence Spending and Industry Consolidation. 

In the first half of 2023, the AM powder market witnessed substantial growth, surging by 33 per cent year-over-year, with hardware sales increasing by 23 per cent, and services by 11 per cent. 

However, the report cautions that this rapid pace of hardware growth may not be sustained in the latter half of 2023. 

Furthermore, it is noteworthy that all major metal AM technologies, including Powder Bed Fusion, Directed Energy Deposition, Metal Binder Jetting, and Bound Metal, are projected to see growth rates in the range of 18 per cent to 24 per cent for the year 2023.

The report offered a long-term outlook for metal additive manufacturing markets, complete with market tracking and forecasting data covering hardware, materials, print services, and metal AM part production metrics. 

The data is segmented by vendor, geography, technology type, and applications, with forecasts extending to 2032.

The report profiles and considers various companies in the metal AM industry, including EOS, GE Additive, Velo3D, SLM Solutions, Trumpf, Farsoon, Renishaw, 3D Systems, EPlus3D, AddUp, Additive Industries, BLT, 6K Additive, IperionX, Carpenter, among others. 

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Additive Manufacturing Research, previously SmarTech Analysis, has reported that the global additive manufacturing (AM) market experienced modest sequential growth of less than one per cent in the second quarter of 2023 compared to the previous quarter, with the total market estimated at $3.52 billion. 

In a press release, the analyst said this slower growth is attributed to the increasingly challenging economic environment impacting hardware investments within the industry.

Despite the challenges, Additive Manufacturing Research, known as AMR, said it remains optimistic about the long-term prospects of the AM market. 

In particular, the value encompassing AM hardware, materials, software, and services in Q2 2023 was marginally higher than the $3.50 billion recorded in the previous quarter.

Looking ahead, AMR projects the AM industry to reach a substantial $46 billion by 2030.

One of the standout trends in the second quarter was the resilience of the metal additive manufacturing (AM) sector, which displayed relative strength compared to other segments. 

However, the industry as a whole felt the impact of high-interest rates affecting equipment financing for hardware investments. 

Additionally, print services, a significant component of the AM market, experienced mixed results during the quarter, with a slight decrease from the first quarter due to varying activity levels across markets and a less vibrant dental sector.

Despite these challenges, the year-over-year results present a more encouraging outlook, with metal 3D printing markets showing an impressive growth rate of over 16 per cent, while polymer 3D printing markets grew by 13 per cent compared to the same period in the previous year.

In tandem with the market update, SmarTech Analysis, the entity behind the research, announced its rebranding to “Additive Manufacturing Research” to better reflect its dedicated focus on AM-related analysis and insights. 

Scott Dunham, EVP of Research at AMR, commented on the findings, saying, “The trends we saw in the first quarter of 2023 mostly continued and strengthened slightly to round out the first half of 2023, with hot spots and cold spots in the market.”

“The most consistent trend, however, was the impact of interest rates on the ability of companies to invest in AM machines, which many have reported has altered the sales cycles of these large capital investments. However, utilization of existing AM equipment appears to continue to grow, creating highly valuable markets for materials. Print services are more affected by supply chain fluctuations,” Dunham explained. 

AMR’s market data products, including “Core Metals” and “Core Polymers,” provide historical quarterly data spanning nearly a decade and offer forward forecasts for the next 10 years.

These quarterly reports on metal and polymer AM markets are available for purchase, either as standalone reports or through subscription services, providing valuable insights into the rapidly evolving additive manufacturing industry.

For more information on these reports and ongoing subscription services, interested parties can visit the Additive Manufacturing Research website.

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