Demand for Metal Powders for Additive Manufacturing Industry to Soar in the Next 5 Years
With more and more companies investing in additive manufacturing technology, we are likely to see an increase in demand for powdered materials.
Recently, General Electric International made a significant investment valued at $50 million in its Auburn in Alabama facility, so that it could 3D print fuel nozzles for engines. This is likely to be a sign of larger investments to come by additive manufacturing leading manufacturers, all of whom will require additional metal powders for what is expected to be 24×7 production.
The introduction of powdered metals for new applications will result in the metal powder application database multiplying many times over the next 5 – 10 years. Going forward, manufacturers are likely to see growth as a result of increased demand. It is thought that they will seek to partner with original equipment manufacturers in order to improve the quality of powders, ensuring they offer great performance and consistency.
As it currently stands, the list of available metal powders for additive manufacturing is still fairly limited. This places some restrictions on the high value opportunities for additive manufacturing, particularly in the aerospace industry, where metal powders must meet exceedingly different specifications to the metal powders used for other applications.
Image credit: Anonimski
A report on metal powders for AM
A new report by SmarTech provides market analysis and market predictions for metal powders in the additive manufacturing market.
It features up to date market forecasts in addition to information on the opportunities they offer by powder type, application and OEM manufacturer.
Why read the report?
If you are looking to get an improved understanding of the additive manufacturing industry and its use of metal powders, as well as how you can make money from being part of the metal powder materials market, then the report is well worth a read.
It will arm your company’s decision-makers with the knowledge to implement better strategies and ensure long-term revenue growth. Contact us here at SPI Lasers to discuss and your project requirements in more detail.
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