Nov 11, 2020

IDTechEx: Metals are Near 3D Printing Market Readiness

3D Printing
Additive Manufacturing
Oliver Freeman
4 min
The 3D printing market for metals is expected to see a significant rise in the next decade, regardless of the disruption caused by COVID-19...

Despite a temporary setback owing to the COVID-19 pandemic, the market for 3D printing of metals is expected to see a significant rise over the next decade. Within that, it is anticipated that most of the revenue will be attributed to material sales. The relevant powders are both gaining supply chain maturity and have a rapidly expanding portfolio; there are many desirable properties, yet to be realised, that are close to the market.

The metal additive manufacturing market will exceed US$10bn within the next decade. IDTechEx has released a detailed report "Metal Additive Manufacturing 2020-2030" providing technology benchmarking, player analysis, and granular 10-year forecasts.

The forecast for metal powders is significant to this future growth. Multiple metals have led the early wave of adoption, including titanium, Inconel, and various steels. However, there are numerous traditional metals and properties missing from the additive manufacturing toolkit. A previous article highlighted some young companies expanding this space, and this article provides a deeper dive into 3 of those properties. The metal alloys highlighted occupy a range of technology readiness; there are some commercial success stories, but notable market adoption will be in the longer-term.

Low Elastic Modulus

A highly desirable property for an additive manufacturing powder would be an elastic modulus of under 50 GPa while maintaining high tensile strength. This is specifically for personalised implants in the medical and dental industry, so also requires biocompatibility and osseointegration. This is a logical and attractive market to additive manufacturing players gaining notable attention. TANIOBIS are the most notable company in this field with their AMtrinsic material; they see good potential for their tantalum and niobium-based alloys and are beginning to ramp up production and look towards certification. Global Advanced Metals (GAM) have also been active in the field of tantalum additive manufacturing again citing the medical sector, and there have been a few early successful examples demonstrating this potential. Z3DLAB is a young company that plans on bringing a new approach by producing a modified CP-Ti alloy with an elastic modulus as low as 35GPa under the brand name ZTi-Med.

Electrical and Thermal Conductivity

Being able to 3D print highly thermally and electrically conductive bulk materials would open up a large opportunity. The most obvious target is copper; many have trialled this and realised it is anything but facile. Very low absorbance of laser energy, rapid heat dissipation, high ductility, and high propensity to oxidation makes it a very challenging material. The potential in fields like heat exchangers, induction coils and beyond make it a key target.

There are notable advancements facilitating this and making it a keyspace to watch. They include:

- Laser optimisation, with blue and green lasers both being trialled.

- Alternatives to SLM approaches such as using EBM or binding in a metal and going via green part.

- Finding suitable copper-rich alloys that can still achieve >85% IACS. GRCop and CuCrZr appearing as the frontrunners.

High-Temperature and Wear Resistance

Refractory metals are the most obvious in this category, of which some Ta and Nb-based alloys were previously outlined. Tungsten-based alloys also show a huge promise as do some of the more exotic high entropy alloys that are rapidly progressing from academic interest to the commercial frontline. Producing suitable spherical powders and the associated printing parameters is not easy for these high melting point alloys, but with again good target markets in bespoke tooling, turbines and beyond it is another prime area to gain market penetration over the next decade. 

Beyond this, one repeated approach is having metal alloys tuned for and benefiting from the additive manufacturing process. The inclusion of ceramic particles, as demonstrated by Elementum3D, Gamma Alloys, and others, production of nanocrystalline alloys, such as those from Veloxint, or the use of amorphous alloys, most notably by Heraeus, all exemplify this.

Outside of these property progressions, there are numerous other considerations that can help facilitate this market. The powder morphology, cost and density are all essential not to mention the manufacturing process itself to achieve good yields and particle-size distribution. Young players and highly established players are both gaining prominence, the success will not be quick, and patience is required particularly for end-use applications with extensive qualification requirements, but with the AM powder portfolio in its infancy, there is a huge potential.

The metals are not the only developments progressing this industry; previous articles highlighted the opportunity for cheaper printers and wire-based feedstocks, to name a few. The metal additive manufacturing market report gives targeted analysis into this industry, providing the latest forecasts with key technical insights. This research is based on a long history on the field and includes over 50 company profiles based on primary interviews, bringing the reader the most detailed understanding of the metal additive manufacturing industry.

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022

Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery. 

Lingering Concerns Over COVID

Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high. 

Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery? 

IMF: Current Boom Could Falter

Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”. 

Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”. 

Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.

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