A recently published report, by industry analyst IDC, sponsored by powder and material science company Equispheres, Ottawa, Ontario, Canada, predicts that the demand for aluminium powder in the Additive Manufacturing market will grow to over $695 million in 2023. Compared to the stated value of $147 million in 2018, this represents a compound annual growth rate of 36.5%.
The report, available to download from Equispheres’ website, dissects and examines trends, technologies and challenges related to the metal AM market. It also discusses the challenges of introducing new technologies to the market and how Equispheres believes that it is positioned to help meet this market demand.
“The entire Additive Manufacturing industry has faced challenges surrounding the mechanical properties and reliability of their production powders for years,” stated Kevin Nicholds, President and CEO of Equispheres. “Now recent events have permanently impacted existing supply chain approaches and there is immense market pressure on the Additive Manufacturing industry to improve process reliability and part mechanical properties so that supply chain gaps can be filled. With our unique powder, we have the ingredients to enable the industry to meet this challenge.”
The IDC Technology Spotlight states that with the ability to use higher quality feedstock in production, metal AM, in certain applications, is now a much more appealing option.
The full report, titled ‘High-Performance Aluminum Powder: Fueling Metal AM Market Growth’ covers the following topics:
- Key stats and takeaways
- The benefits of high-performance aluminium powders
- Trends (in AM solutions)
– Survey results: How organisations use or plan to use AM over the next 12–24 months
– Summary: Forces combining to drive demand for new AM powders
- Equispheres vendor profile
- Analyst conclusions