March 30, 2020
According to the research report titled ‘Europe Additive Manufacturing with Metal Powders Market Size By Manufacturing Technique, Material, Application, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, the Europe additive manufacturing with metal powders market is expected to surpass USD 435 million by the year 2024.
Growing demand for lightweight and efficient parts in automotive and aerospace industries in order to reduce the environmental impact is a major factor driving the additive manufacturing with metal powders industry in Europe. Rising adoption of additive manufacturing in applications such as dental restorations, medical implants, aerospace, automotive and oil & gas industries is further aiding the market expansion.
Shifting preferences towards high-performance automobiles and strict government regulations pertaining to emission mitigation are fostering the demand for metal powders in additive manufacturing applications in Europe. Rising adoption of additive production technology and high concentration of key industry players are also stimulating the industry outlook. However, copyright issues pertaining to the products and the technology coupled with fluctuating prices of raw materials may hinder the market growth.
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The report states that the blown powder technique segment is predicted to amass USD 45 million by the year 2024. This technique offers cladding of large components and high powder deposition and hence is extensively used in industrial, automotive and aerospace sector.
As per regional analysis, Germany additive manufacturing with metal powders industry from stainless steel is presumed to expand with a CAGR of 25% during 2018-2024. Increasing utilization of lightweight parts in aerospace sector in order to reduce the manufacturing and R&D cost is promoting the business scenario in Germany.
Airbus & APWorks, Aubert & Duval, Advanced Powder & Coatings and Additive Industries are some of the established companies operating in the overall market.
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