Industry analyst firm SmarTech Publishing issued a new report that examines the current market for precious metal additive manufacturing (AM). SmarTech expects the overall market for precious alloys in AM to become a major segment in metal 3D printing, with materials revenues alone topping $250 million by 2028 and overall PMAM related revenues nearing $2 billion at the end of the 10-year forecast period.
The penetration of AM into low-batch, high-end, high-performance parts production is the most natural evolution for the use of AM in global manufacturing. The greater accessibility and cost amortization of powder bed fusion systems capable of processing precious metal alloys is expected to drive an increasingly high use of precious metals especially in the jewelry and aerospace segments. Coupled with wider adoption of 3D printing (or multiplanar 2D printing) in electronics, these trends are expected to increase the interest and revenue opportunity around precious metal material for additive manufacturing and the use of AM for precious metal parts.
In this new report, SmarTech Publishing maps and quantifies the use of precious metal alloys in AM. The report differentiates between alloys used as atomized powders for powder bed fusion processes and those (mainly silver) used as nanoparticle inks for 3D printed electronics. The report further breaks down its analysis and forecasts to specific alloys and their relative applications, including gold, platinum silver, palladium, rhodium, ruthenium and other rare metals.
SmarTech’s analyses focuses on major industrial segments such as Jewelry, Dentistry, Aerospace and Electronics that are driving adoption of AM and precious metal AM (PMAM) for high performance and high-profile applications. The report will accurately describe and quantify the primary revenue opportunity segments both in terms of materials and applications.
By conducting interviews with major stakeholders and adopters in the global markets for AM and precious metal powder production, the report goes on to break down major revenue opportunity segment for AM (materials, hardware and service) while conducting further analysis into the value of precious metal AM part production both for industrial and electronics part production.
Findings include a ten-year precious AM opportunity and market data forecasts in volume and value terms: material consumption by hardware technology (powder bed fusion and material jetting/extrusion), adoption market segment, application and alloy type. All major AM technologies (and hardware manufacturers) are analyzed for their potential in processing atomized precious metal powders and 3D printing electronics. This updated competitive analysis reflects the rapidly evolving landscape for precious metal AM adopters and service providers.