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

“AM Knowledge Slice” from Additive Manufacturing Analysis (“AMR”) is an everyday 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 metallic supplies from 2021 by way of a forecast for 2024.

In 2021, the income for polymer supplies was $1.6 billion, whereas metallic powders generated $495.4 million. With a compound annual development fee (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, metallic 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, metallic AM is within the technique of speedy adoption. Pushed by new ranges of throughput, metallic PBF specifically helps to push this growth. Progress of the market total can also 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 might be weak to disruptions.

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