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Home3D PrintingAM Information Slice: 3D Printing Supplies to Attain $3.9B in 2024 -...

AM Information Slice: 3D Printing Supplies to Attain $3.9B in 2024 – 3DPrint.com


“AM Information Slice” from Additive Manufacturing Analysis (“AMR”) is a daily phase that provides readers an insightful dive into the additive manufacturing (AM) panorama, showcasing pivotal statistics and traits derived from AMR’s exhaustive analysis. With this week’s chart, AMR outlines the worldwide income from 3D printing polymer and steel supplies from 2021 by means of a forecast for 2024.

In 2021, the income for polymer supplies was $1.6 billion, whereas steel powders generated $495.4 million. With a compound annual progress price (CAGR) for polymers from 2021 to 2024 estimated to be about 18.59%, the forecast for 2024 anticipates polymer supplies to achieve $2.7 million. In distinction, steel powders are anticipated to develop at a CAGR of round 30.52% over the identical interval, attaining $1.1 million in income in 2024.

The truth that metals are rising at double the speed of polymers largely displays the general maturity of their respective markets and applied sciences. Now that processes like polymer powder mattress fusion (PBF) and fused deposition modeling have proliferated, steel AM is within the strategy of fast adoption. Pushed by new ranges of throughput, steel PBF particularly helps to push this enlargement. Development of the market general can be being pushed by the interrelated traits of provide chain resilience and sustainable manufacturing. The power to supply components on-demand reduces dependency on conventional provide chains, which may be weak to disruptions.

The growing revenues counsel a maturing market with increasing manufacturing scales. Because the market grows, economies of scale could result in lowered prices for each printers and supplies, making 3D printing extra accessible to smaller companies and even particular person customers. This democratization of producing know-how may spur innovation and entrepreneurship, additional driving market progress.

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