Global Additive Manufacturing With Metal Powders Market Size by Manufacturing Technique (Powder Bed {Direct Metal Laser Sintering, Selective Laser Melting, Electron Beam Melting}, Blown Powder {Direct Metal Deposition, Laser Engineering Net Shapes}), By M

Global Additive Manufacturing With Metal Powders Market Size by Manufacturing Technique (Powder Bed {Direct Metal Laser Sintering, Selective Laser Melting, Electron Beam Melting}, Blown Powder {Direct Metal Deposition, Laser Engineering Net Shapes}), By Material (Alloy {Titanium [Ti6Al4V, Ti6Al4V (ELI)], Cobalt [CoCr, CoCr WC, CoCr Mo], Copper [C18150, CuCr1Zr, CuNi2SiCr], Nickel[Inconel 625, Inconel 718, Hastelloy X], Aluminum [ALSi12, ALSi7Mg, ALSi10Mg], Aluminum Nitride, Aluminum Oxide, Magnesium, Molybdenum, Zirconium, Zirconium Dioxide, Silicon Carbide, Tungsten, Tungsten Carbide, Stainless Steel {Austenitic Steel, Martensitic Steel, Duplex Steel, Ferritic Steel}, Other Steel {High Speed Steel, Tool Steel, Low Alloy Steel}, Precious Metal {Platinum}, By Application (Aerospace, Automotive, Medical, Oil & Gas, Energy [Nuclear, Renewable]), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market 2022- 2030

The additive manufacturing with metal powders market is speculated to grow exponentially by 2030 owing to increasing government initiatives to improve additive manufacturing technology across key regions.

Additive manufacturing offers several benefits, including less wastage, cost reduction, rapid prototyping, and a faster manufacturing process. In recent years, widespread adoption of additive manufacturing technology in place of conventional technology across numerous industry verticals has augmented industry uptake.

The additive manufacturing with metal powders market has been segmented based on application, manufacturing technique, material, and region. In terms of material, the market has further been divided into tungsten carbide, alloy, aluminum nitride, stainless steel, magnesium, other steel, molybdenum, precious metal, zirconium dioxide, tungsten, zirconium, silicon carbide, and aluminum oxide powder.

Under alloy, the market has been categorized into aluminum, titanium, nickel, cobalt, and copper. Under titanium, the additive manufacturing with metal powders market has been differentiated into Ti6Al4V (ELI), Ti6Al4V, and others (titanium grade 2 and TiAL6Nb7). The Ti6Al4V segment is estimated to garner a valuation of around USD 250.37 million by the end of 2030. The Ti6Al4V (ELI) segment is speculated to rise at a CAGR of approximately 38.9% through the review timeline.

The cobalt segment is expected to expand at about 12.3% CAGR over the assessment timeframe. Under cobalt, the market has been bifurcated into CoCrMo, CoCr, and CoCrWC. The CoCrWC segment is foreseen to register gains of almost 12% by the end of the analysis period. The CoCrMo segment is slated to progress at a CAGR of more than 13.3% between 2022 and 2030.

The copper segment held a valuation of nearly USD 4.30 million in 2021 and is likely to witness steady growth through the forecast period. Under copper, the market has been segregated into CuNi2SiCr, C18150, and CuCr1Zr. In 2021, the CuCr1Zr segment exceeded USD 2.35 million valuation and is poised to showcase optimistic growth over the forthcoming years.

The nickel segment is set to amass about 24.8% gains by 2030. Under nickel, the additive manufacturing with metal powders market has been bifurcated into Hastelloy X, Inconel 625, and Inconel 718. The Hastelloy X segment is seen to surpass USD 4.7 million by the end of 2030.

Under aluminum, the additive manufacturing with metal powders market has been classified into AL6061, ALSi12, ALSi10Mg, ALSi7Mg, and others (F357 & AlSi7Mg0.6. Aluminum F357). In 2021, the ALSi12 segment was worth around USD 6.40 million and is projected to observe notable progress over 2022-2030. The ALSi7Mg segment is set to reach a valuation of nearly USD 34.5 million by 2030. The AL6061 segment is anticipated to record gains of approximately 21.5% by the end of the stipulated timeline.

Under stainless steel, the market has been segmented into ferritic steel, austenitic steel, duplex steel, and martensitic steel. The martensitic steel segment is expected to garner about 28.5% gains by the end of 2030. The duplex steel segment is estimated to be valued at over USD 8.87 million by 2030. The ferritic steel segment is likely to be valued at above USD 3.6 million by 2030.

Under other steel, the additive manufacturing with metal powders market has been categorized into low alloy steel, high speed steel, and tool steel. The high speed steel segment was worth nearly USD 2.70 million in 2021 and is slated to expand at a robust growth rate through the projected timeframe. The low alloy steel segment is foreseen to register over 17.0% gains by 2030.

The tungsten segment is speculated to develop at a CAGR of above 20.5% over the forecast period. The silicon carbide segment is anticipated to expand at almost 5.5% CAGR between 2022 and 2030. In 2021, the aluminum oxide powder segment held a valuation of more than USD 185 thousand and is anticipated to witness sturdy expansion in the coming time period. The zirconium segment accounted for almost USD 1.75 million in revenue in 2021 and is estimated to grow at a substantial CAGR over the review period.

The zirconium dioxide segment is foreseen to develop at approximately 14.9% CAGR over the study period. The molybdenum segment is projected to progress at a CAGR of above 22.5% between 2022 and 2030. The magnesium segment is anticipated to amass nearly 18.4% gains by the end of 2030. The aluminum nitride segment held more than USD 205 thousand valuation in 2021 and is likely to exhibit a solid growth trajectory over 2022-2030. In 2021, the tungsten carbide segment was worth about USD 875 thousand and is expected to expand at a notable pace over the next few years.

With respect to application, the additive manufacturing with metal powders market has been divided into energy, aerospace, oil & gas, automotive, medical, and others (jewelry and watches). The oil & gas segment is expected to progress at a CAGR of above 18.6% through the forecast timeline. The energy segment is set to record more than 18.5% gains by the end of 2030.

Under energy, the additive manufacturing with metal powders market has been bifurcated into renewable and nuclear. In 2021, the nuclear segment held around USD 13.5 million valuation and is slated to develop at a considerable pace through the analysis timeline. The renewable segment is anticipated to garner an estimation of almost USD 49.0 million by 2030. The others segment, which includes watches and jewelry, accounted for over USD 20.5 million in revenue in 2021 and is expected to gain substantial traction through the stipulated timeframe.

On the regional front, the Latin America additive manufacturing with metal powders market is foreseen to be worth around USD 38.0 million by the end of 2030. The Middle East & Africa additive manufacturing with metal powders industry is poised to reach about USD 9.8 million valuation by 2030.