Metal Additive Manufacturing Market Estimated to Grow by 4.42 Billion by 2024

News from the 3D printing industry | 22 November 2021

The metal additive manufacturing market has been growing significantly within the last decade.  According to a report published by Technavio, a leading market research company, the global metal additive manufacturing market is estimated to grow by 4.42 billion dollars before 2024, with an estimated yearly growth rate of 14%. 

As additive manufacturing continues to prove its value, more industries have started looking into its application. Several market research companies’ reports suggest that the growth of the metal additive manufacturing industry is mainly driven by the aerospace and the automotive industries. 

In this post, we will introduce you to metal additive manufacturing and have a closer look at how different industries have benefited from its deployment.

What are the different types of metal additive manufacturing?

Different types of metal additive manufacturing are mostly based on how they fuse metal powder into metal parts. Powder bed fusion, direct energy deposition, binder jetting, and bound powder extrusion are the most commonly used types of metal 3D printing.

Powder bed fusion

Powder bed fusion technologies, such as direct metal laser sintering (DMLS), selective laser sintering (SLS), and direct metal printing (DMP), build three-dimensional objects by depositing powder layers on top of each other and applying heat source, such as laser or electron beam, to consolidate the adjacent layers. 

Powder bed fusion technologies are relatively inexpensive compared to traditional methods and more suitable for prototyping. However, it also has its challenges, such as relatively slow speed of printing, product size limitation, and laborious processing requirements. Nonetheless, it is still the most mature and widely used metal additive manufacturing process. For example, Morris Technologies helped GE Aviation print a fuel nozzle using powder bed fusion technologies. All 20 parts were combined into a single unit and it was 25% lighter and 5 times more durable than its predecessors.

Direct energy deposition

Direct energy deposition (DED), such as laser-based, electron beam, and plasma or electric arc based DED, is similar to powder bed infusion since both of them use a focus energy source; however, DED melts the metals, in the form of either powder or wire, as they are deposited. Aside from that, electron beam-based systems DED must take place in a vacuum so that the electrons will not be affected by air molecules. As for laser-based DED, it has to be performed in chambers with inert gasses to protect the reactive metals.

DED is capable of creating parts from scratch but is more commonly used for repairing by adding melted materials to existing parts. Compared to other metal additive manufacturing technologies, DED has a faster build rate and can produce larger parts; however, it also has relatively lower build resolution with poorer surface finish. 

Wire arc additive manufacturing

Wire arc additive manufacturing (WAAM) is a variation of DED that uses electric arc as the heat source to melt metal arc and fabricate parts. As the metal wire becomes melted, it is extruded as beads and these beads will stick together to form layers of metal materials. These layers will then form the metal parts. 

Unlike PBF, WAAM has the ability to manufacture large-scale metal parts and the welding wire is much less expensive than the metal powder used in metal PBF. Aside from that, worn-out or damaged parts can actually be repaired with WAAM to eliminate the cost of replacement. 

One of the challenges faced by WAAM is built-up of residual stress as a result of extreme change of temperature involved in the process. Residual stress might cause the parts to have different forms of deformation, which affects the integrity of the parts. In addition, parts might have poor surface finish and therefore require post-processing. 

Binder jetting

Bound metal deposition (BMD), or bound powder deposition, is different from other additive manufacturing as the powders used in BMD are bound together with both wax and polymer binder.

This process allows the materials to become safer and easier to use compared to loose powder. These materials are then heated and extruded onto the build plate to form layers of metals, resulting in a part composed of several layers. The binder is then removed and the layers are then sintered directly after printing for the metal particles to densify. Compared to other major metal additive manufacturing technologies, BMD is said to be more affordable and is capable of printing all part geometries. However, parts printed with BMD often require post-processing, post-machining or polishing.

Bound metal deposition

As the name suggests, binder jetting involves the use of binders to bond layers of materials to make solid parts. Aside from printing metal parts, binder jetting can also print parts with ands and ceramics. It is different from powder bed fusion and direct energy deposition as it does not utilize any sort of heat source

DED is capable of creating parts from scratch but is more commonly used for repairing by adding melted materials to existing parts. Compared to other metal additive manufacturing technologies, DED has a faster build rate and can produce larger parts; however, it also has relatively lower build resolution with poorer surface finish. 

What are the common materials used in metal additive manufacturing?

Stainless steel

Image via Axom

Steels, particularly stainless steels, are one of the most commonly used types of materials for metal additive manufacturing. Several industries, such as automotive, industrial, and medical applications, use stainless steel for metal additive manufacturing as it has several properties, such as hardness, corrosion resistance, and impact resistance. Engineers have used stainless steel to produce parts of jet engines, rockets, and even nuclear facilities


Image via

Unalloyed titanium has a wide range of applications in metal additive manufacturing. Aside from its balance between formability and strength, other characteristics of titanium, such as strength to weight ratio and resistance to corrosion and heat, make it the ideal material for a variety of parts for jet engines, missiles, airplanes, orthopedic implants, etc.

Aluminium alloy

Image via Sculpteo

Aluminium alloys are quite light and therefore are commonly used in aerospace and automotive industries, which prioritize optimization of vehicle performance and reduction of fuel consumption. Aside from exhibiting excellent resistance to metal fatigue and corrosion, aluminium alloys also have excellent strength-to-weight ratios and help engineers reduce weight of parts even more with the additive manufacturing’s ability of producing complex geometries.

Special alloys

Image via Altempalloys

Some industries, such as mining, medical and other industries, need parts that can endure certain extreme conditions. In addition to the common metals, metal additive manufacturing also utilizes alloys suited for specific hostile environments. These alloys have high strength, resistance to corrosion, heat, and oxidation, and even biocompatibility that make them the ideal materials for certain industries. For example, cobalt chrome alloys have high temperature, wear, and corrosion resistance and biocompatibility and therefore can be used to fabricate medical implants. For petrochemical and racing industries that require high-stress and high-temperature endurance, nickel-based alloys, such as inconel alloys, are very strong, stiff, and corrosion resistant. 

Why metal additive manufacturing?

Significantly reducing lead time for manufacturers

Engineers in different industries have integrated metal additive manufacturing to shorten their production time. Compared to the traditional metal manufacturing processes, such as CNC, casting, and forging, 3D printing is much faster and is capable of producing parts that are as good as or even better than those produced with traditional techniques. Furthermore, metal additive manufacturing can shorten the supply chains by removing several steps, such as assembly, warehousing, and other. As a result, the overall lead time for manufacturers to produce and deliver the metal parts to the customers is significantly reduced.

Printing complex parts as easily as printing simple parts

Metal additive manufacturing can print complex parts as easily as simple parts. Traditional metal manufacturing processes are mostly subtractive, meaning that machines form the final products by removing parts of the materials. It will be quite difficult and time-consuming for traditional processes to produce complex parts. However, metal additive manufacturing fabricates parts by adding layers of materials and therefore printing complex parts is just as easy as printing simple parts for metal additive manufacturing.

Creating parts that couldn’t be produced before

All manufacturing processes have their limitations. However, these limitations are gradually fading as technologies continue to evolve. As we mentioned before, sometimes it is difficult to produce complex parts via traditional subtractive manufacturing processes. However, metal additive manufacturing allows engineers to break the limitations and produce parts that could not be fabricated using the traditional manufacturing processes due to the design flexibility and additive process of metal additive manufacturing. 

How are different industries incorporating metal additive manufacturing?


The aerospace industry has been incorporating additive manufacturing into its production strategies to take advantage of its flexibility in engineering and design. Airbus has been using metal additive manufacturing to reduce the weight of aircraft to not only decrease the consumption of fuels but also emissions of carbon dioxide. Earlier this year, Boeing 777X took its first flight with more than 300 3D-printed parts from Everett, Washington. With the help of 3D printing and other advanced materials and technologies, Boeing 777X is said to be the biggest twin-engine jet with the biggest engines but also the most fuel-efficient commercial aircraft in the market. From applying additive manufacturing to produce parts of aircraft cabins, engineers in the aerospace industry have now started designing and producing more complex and essential parts for aircrafts, such as engines and turbine parts. 


The automotive industry has been one of the main drivers of metal additive manufacturing’s development as manufacturers need to design parts with complex geometries and produce lighter parts to not only reduce fuel consumptions but also improve performance of automotives. Initially, additive manufacturing was mainly used for rapid prototyping. Automotive manufacturers have extended the use of metal additive manufacturing to the production line. In early 2018, Ford and Porsche started exploring the potential of additive manufacturing and even introduced metal additive manufacturing for cooling components. Earlier this year, Alfa Romeo revealed the C39 F1 race car that featured 143 additively manufactured parts that helped the team reduce the weight of the car by 2%. Among the 143 3D-printed metal parts, 58 of them were made of titanium, 19 from aluminium alloy, and the rest from AlSi10Mg, which is another type of aluminium alloy with low weight, good strength, and thermal properties.

More industries, such as energy, mining, and healthcare, have started integrating metal additive manufacturing into their production process as it has generated much value for manufacturers by optimizing the processes of design and production, reducing costs, and streamlining the spare parts supply chain. Although the global economy has taken a hit from the recent pandemic of Covid-19, the metal additive manufacturing market will continue to grow as the demand for better parts increases.

Spare Parts 3D’s expertise in metal additive manufacturing has enabled on-demand production of 3D-printed metal spare parts for manufacturers across different industries to optimize their spare parts supply chain. Contact us to learn more about our services and DigiPart, our digital spare parts SaaS solution!