Aluminum Alloys in Additive Manufacturing Market Report 2024 (Global Edition)

Global Aluminum Alloys in Additive Manufacturing Market Report 2024 Market Size Split by type (Al7, Al6, Al2, AL1), by manufacturing method (Powder Bed Fusion, Directed Energy Deposition), by applicat...

Aluminum Alloys in Additive Manufacturing Market Report Description

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Competitive Landscape of the Aluminum alloys in additive manufacturing Market

The competitive landscape of the aluminum alloys in additive manufacturing market is dominated by such key players as Materialise NV, EOS GmbH, Renishaw plc or SLM Solutions Group AG. They also vie among themselves with the development of new materials, technology and service products to elbow out rivals. To grow at decreased expenses to stay competitive within their industry.

NOV 2023: Elmet Technologies, a Maine-based company, is excited to announce that it has completed the acquisition of HC Starck Solutions Americas, a renowned manufacturer of tungsten and molybdenum. Elmet advances its products to create a full offering for the defense, aerospace, and medical markets with the acquisition. Elmet’s plans will include expansion of its workforce and manufacturing to promote and maximize innovation and continue to push the Made-in-the-USA initiative for the next hundred years. (Source: https://www.kardex.com/en/company/news/kardex-doubles-efficiency-with-flexible-automated-solutions-tailored-for-third-party-logistics) April 2024: Exciting news coming from GKN Hoeganaes as they launch their new blog series focused on metal powders, recycling, and how the work is continuously changing from generation to generation to be more sustainable and technological. From lifecycles to testing and recycling, the new blog series covers it all. GKN Hoeganaes is a leading supplier and pioneer of advanced material solutions for PM and AM applications, providing iron, steel, nickel, cobalt, copper, and custom materials offerings. (Source: https://www.metal-am.com/gkn-hoeganaes-launches-metal-powder-blog-series/)

Top Companies Market Share in Aluminum Alloys in Additive Manufacturing Industry: (In no particular order of Rank)

• AMC Powders
• AP&C
• ATI Metals Corp.
• Aeromet
• Alcoa
• Carpenter (CarTech)
• GKN Hoeganaes
• H.C. Starck
• Heraeus
• Hoganas
• LPW Technology
• Metalysis
• Praxair Surface Technologies
• Toyal
• USMP
• Valimet
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Aluminum alloys in additive manufacturing market

Which Region Dominates the Aluminum alloys in additive manufacturing market in 2024?

According to Cognitive Market Research, by 2024 North America had pushed itself into the dominant position in aluminum alloys for 3d printing. What has secured the lead for this region is not only to make a key play in research and development; besides this there are also strong bases of manufacturing and an presence by these major players. When considered with advantages conferred from governments on additive production techniques then this mutual platform of mutually reinforcing businesses like aerospace companies and car makers will help to H. All of this, from the overall trend to specific product lines and even professionals in the industry, tends to one deliver better market results for aluminum alloys produced through additive manufacturing in North America.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region has the fastest Compound Annual Growth Rate (CAGR) in the aluminum alloys in additive manufacturing market. This burgeoning growth is accompanied by an increase in industrialization, large-scale investments in advanced manufacturing technologies, and developments in both a booming automotive and burgeoning aerospace sector. Supportive government policies and favorable regulatory environments, coupled with the growing usage of additive manufacturing across various industries, also stoke market expansion in Asia Pacific. As technology innovation and manufacturing excellence are increasingly stressed, Asia Pacific finds itself the possible beneficiary of further growth acceleration.

The current report Scope analyzes Aluminum Alloys in Additive Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aluminum Alloys in Additive Manufacturing

According to Cognitive Market Research, the global Aluminum alloys in additive manufacturing market size was estimated at USD 36.9 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 14.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aluminum alloys in additive manufacturing market with a market size of USD 11.65 million in 2024 and is projected to grow at a CAGR of 36.2% during the forecast period. Strong R&D investments and advanced manufacturing infrastructure drive market growth.
• The Canada Aluminum alloys in additive manufacturing market had a market share of USD 1.77 million in 2024 and is projected to grow at a CAGR of 37.2% during the forecast period. Growing adoption of additive manufacturing technologies fuels market expansion.
• The Mexico Aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 36.9% during the forecast period with a market size of USD 1.34 million in 2024.

Europe Aluminum Alloys in Additive Manufacturing

According to Cognitive Market Research, the global Aluminum alloys in additive manufacturing market size was estimated at USD 36.9 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 11.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.7% from 2024 to 2031.

• The United Kingdom Aluminum alloys in additive manufacturing market had a market share of USD 1.86 million in 2024 and is projected to grow at a CAGR of 37.5% during the forecast period. Supportive government initiatives and a thriving industrial sector propel market growth.
• The France Aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 35.9% during the forecast period with a market size of USD 1.02 million in 2024.
• According to Cognitive Market Research, the German aluminum alloys in additive manufacturing market size was valued at USD 2.19 million in 2024 and is projected to grow at a CAGR of 36.9% during the forecast period. Technological innovation and emphasis on manufacturing excellence contribute to market advancement.
• The Italy aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 36.1% during the forecast period with a market size of USD 0.95 million in 2024.
• Spain aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 35.8% during the forecast period with a market size of USD 0.91 million in 2024.
• The Luxembourg aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 36.8% during the forecast period with a market size of USD 0.34 million in 2024.
• The Portugal aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 36.5% during the forecast period with a market size of USD 0.23 million in 2024.
• The Greece aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.0% during the forecast period with a market size of USD 0.13 million in 2024.
• The Rest of Europe aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 35.4% during the forecast period with a market size of USD 1.72 million in 2024

Asia Pacific Aluminum Alloys in Additive Manufacturing

According to Cognitive Market Research, the global Aluminum alloys in additive manufacturing market size was estimated at USD 36.9 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Aluminum alloys in additive manufacturing market size was valued at USD 3.82 million in 2024 and is projected to grow at a CAGR of 39.7% during the forecast period. Rapid industrialization and increasing demand for advanced materials spur market growth.
• The Japan Aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 38.7% during the forecast period with a market size of USD 1.17 million in 2024.
• The India Aluminum alloys in additive manufacturing market had a market share of USD 1.02 million in 2024 and is projected to grow at a CAGR of 42.0% during the forecast period. Rising investments in additive manufacturing and expanding industrial applications drive market expansion.
• The South Korea aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 39.3% during the forecast period with a market size of USD 0.85 million in 2024.
• The Australia aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 39.9% during the forecast period with a market size of USD 0.44 million in 2024.
• The South East Asia aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 41.2% during the forecast period with a market size of USD 0.59 million in 2024.
• The Rest of APAC aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 40.0% during the forecast period with a market size of USD 0.60 million in 2024.

South America Aluminum Alloys in Additive Manufacturing

According to Cognitive Market Research, the global Aluminum alloys in additive manufacturing market size was estimated at USD 36.9 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Aluminum alloys in additive manufacturing market size was valued at USD 0.79 million in 2024 and is projected to grow at a CAGR of 38.2%during the forecast period. Growing industrial activities and adoption of additive manufacturing technologies fuel market growth.
• Argentina Aluminum alloys in additive manufacturing market had a market share of USD 0.31 million in 2024 and is projected to grow at a CAGR of 38.5% during the forecast period. Increasing demand for customized components and technological advancements drive market expansion.
• The Colombia aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.4% during the forecast period with a market size of USD 0.16 million in 2024.
• The Peru aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.8% during the forecast period with a market size of USD 0.15 million in 2024.
• The Chile aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.9% during the forecast period with a market size of USD 0.13 million in 2024.
• The Rest of LATAM aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 36.7% during the forecast period with a market size of USD 0.30 million in 2024.

Middle East and Africa Aluminum Alloys in Additive Manufacturing

According to Cognitive Market Research, the global Aluminum alloys in additive manufacturing market size was estimated at USD 36.9 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 0.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.9% from 2024 to 2031.

• The GCC Countries Aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 38.7% during the forecast period with a market size of USD 0.32 million in 2024. Favorable regulatory frameworks and investments in technological advancements propel market growth.
• The Egypt Aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 38.2% during the forecast period with a market size of USD 0.08 million in 2024.
• The South African aluminum alloys in additive manufacturing market is projected to witness growth at a CAGR of 38.9% during the forecast period with a market size of USD 0.12 million in 2024. Growing industrialization and adoption of additive manufacturing technologies drive market expansion.
• The Turkey aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.4% during the forecast period with a market size of USD 0.06 million in 2024.
• The Nigeria aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 37.0% during the forecast period with a market size of USD 0.08 million in 2024.
• The Rest of MEA aluminum alloys in additive manufacturing Market is projected to witness growth at a CAGR of 36.9% during the forecast period with a market size of USD 0.09 million in 2024.

Aluminum Alloys in Additive Manufacturing Market Analysis

How are Segments Performing in the Global Aluminum Alloys in Additive Manufacturing Market?

Aluminum Alloys in Additive Manufacturing Market Type Segment Analysis

According to Cognitive Market Research, Al7 is the dominating segment in the aluminum alloys in the additive manufacturing market between Al7, Al6, At2, and At1. Due to its good mechanical properties such as high strength-to-weight ratio, corrosion resistance, and so forth, Aluminum Alloy 7 (Al7) has taken over a preeminent position. It is therefore used throughout all the fields of industry where such things are needed: from aerospace through motor vehicles, to pharmaceutical production. Its wide-ranging application and superior performance among related products all contribute toward its being the main force in this market. Key players in the industry continue to advance the attributes and production efficiency of Al7, to further consolidate their status in this realm of activity.

Al2 is the most fast-growing segment. Aluminum Alloy 2 (Al2) is experiencing rapid growth, led by breakthroughs in additive manufacturing technologies and the increasing demand for lightweight materials during which demand appears from both industrial sectors of automotive as well as at aircraft. Al2 offers features such as good walkability and thermal conductivity, making it suitable for many applications. As industries shift more and more to lightweight, high-performance materials, the market demand for Al2 in additive manufacturing will increase rapidly forward or upwards; with such a trajectory that is already evident.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aluminum Alloys in Additive Manufacturing Industry. Request a Free Sample PDF!

Aluminum Alloys in Additive Manufacturing Market Manufacturing Method Segment Analysis

According to Cognitive Market Research, powder bed fusion (PBF) reigns supreme as the major content provider. PBF technology, including selective laser melting and electron beam melting, offers high precision, fine surface finish, and consistent mechanical properties; this makes it a good choice for aluminum components of complex shapes in all sorts of markets. With extensive adoption as well-defined processes mature and the supporting infrastructure well in place, PBF has gained ascendancy over other manufacturing methods for aluminum alloy parts in successive circles of the market. The industry players using Powder Bed Fusion technology safely hold on to a good part of that market segment.

Outside of the traditional manufacturing parameter, one must call Directed Energy Deposition (DED) the most vigorously thriving category. DED technology can use metal powders or wire feedstock and deposition onto a substrate to fabricate large-scale, near-net-shape aluminum alloy parts with less material waste and shorter lead time. Capability in repairing, cladding, and fabricating complex geometries combined with a variety of practical modes for implementation has made DED a popular choice among industries seeking economical, efficient processes for additive manufacturing. With the advantages of DED increasingly recognized by the industry, its market share is expected to expand quite rapidly in the coming years.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aluminum Alloys in Additive Manufacturing application Segment Analysis

According to Cognitive Market Research, in the application outlook, Aerospace Industry is the dominant segment. To satisfy stringent materials requirements, aerospace manufacturers are increasingly turning to aluminum alloys in additive manufacturing and products composed of ceramic materials for their complex components As it continues to grow at a rapid clip, this sector reaps the benefits of substantial R&D investment, carriers with wide alliances and heavy industry level Technical without doubt, livens up d to boom in the aluminum alloys in additive manufacturing market.

Healthcare & Dental Industry is the fastest-growing segment, driven by a pressing demand for personalized medical devices, implants and prostheses. Additive manufacturing open the door to not only the production of fine structures but also customized parts that fit exactly, and it does this causing intrinsic costs to drop precipitously. Research and development investments in biocompatible materials along with government approvals for innovative medical devices likewise. If alternative thermodynamic material appropriate supplied amotionbed Product compatibility are bolstering this technology sector, with rapid growth opportunities opening up its future prospects.

• Automotive Industry
• Aerospace Industry
• Healthcare & Dental Industry
• Academic Institutions
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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