Total metal AM powder market
2018 2019 2020 2021
$308.4 million $410.5 million $620.6 million $831.2 million
2022 2023 2025 2027
$1.1 billion $1.4 billion $2.1 billion $3.1 billion
Laser powder bed fusion – Highest grossing metal AM technology sub-segment
Metal AM market share by segment (pie charts side-by-side)
2018
35% Titanium
28% Cobalt-chrome
12% Nickel alloys
9% Steels
7% Refractory metals
4% Precious metals
3% Aluminum
2% Others
2023
31% Titanium
25% Cobalt-chrome
11% Nickel alloys
10% Steels
12% Refractory metals
4% Precious metals
4% Aluminum
3% Others
Top growth drivers for metal AM
Medical
Aerospace
Markets with growing importance to metal AM
Automotive
Energy
Source: SmarTech Publishing; Additive Manufacturing Opportunities in 2018-2023; https://tinyurl.com/y8zgnux2