NEW YORK, October 3, 2022 /PRNewswire/ — The second calendar quarter of 2022 saw continued year-over-year growth for the additive manufacturing market, up 27% from the same period in 2021. However, the sequence Six consecutive quarters of sequential growth ended due to the effects of inflation and global supply chain disruptions, which also led some companies to cut their annual forecasts. Still others in the AM space reaffirmed their expectations, emphasizing the additive’s value in innovative manufacturing during periods of prolonged supply turbulence.
Data from SmarTech reveals that the metal 3D printing market continues to grow at a faster rate than its counterpart in the polymer market, and metals now account for 40% of the AM market. Totals are defined as the market for AM printing machinery, materials and services.
Scott DunhamSmarTech Analysis EVP Research, commented, “Although the quarter was always a huge success for the additive industry, the overall economic situation caught up with the industry after an excellent series of growth throughout the pandemic and in the post-pandemic era of the turbulence of the supply chain. AM businesses as a group are still among the best positioned during this period, although growth has ultimately slowed sequentially. We still expect 2022 to be a banner year for the industry as we are entering the second half of the year.The outlook beyond 2022 is also quite positive as aerospace comes back stronger and new opportunities in consumer goods and energy gain momentum. “
About the report
SmarTech’s “Core Metals” and “Core Polymers” market data products include historical quarterly data and provide 10-year forecasts. Quarterly metals and polymers market reports are available as a one-time purchase or subscription through the SmarTech website and are customizable as needed. For more information on standalone reports or ongoing subscription services for the Additives Market, please visit: http://www.smartechanalysis.com/data-services
Extract from the report
The metal additives market was strong in the second quarter of 2022, although sequentially key segments such as hardware declined for the first time in several quarters due to supply chain challenges and longer cycles sales due to fears of recession.
The demand for metal powder is increasing dramatically as more users, especially in aerospace, ramp up production. Sequential growth in powder sales accelerated in the second quarter, even as prices also increased.
AM polymer markets continue to represent a larger market than their metallic counterparts, and AM materials in particular now generate more $500 million globally per quarter.
Ongoing supply chain pain is prompting global manufacturing players to take AM seriously. Semi-mature technologies such as metal powder bed fusion are poised to meet some degree of this demand, and there does not appear to be a slowdown in the development of new additive metal printing processes to meet the markets. and underserved applications.
Companies covered in this report include, but are not limited to: 3D Systems, HP, EOS, Farsoon, Prodways, Velo3D, SLM Solutions, Optomec, Trumpf, Markforged, Desktop Metal, GE Additive and ExOne.
About SmartTech Analysis:
Since 2013, SmarTech Analysis has been tracking market data and publishing market reports on the 3D printing/additive manufacturing sector and is considered the leading industry analysis company providing coverage of this sector. SmarTech’s analytics and data drive the development of strategies in the additive industry and have been adopted and showcased by many leading companies in the industry. SmartTech is a division of 3DR Holdings.
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SOURCE SmartTech Analysis