The metal 3D printing market has been impacted to a certain extent due to the advent of the pandemic COVID 19. Although the technology is capable of producing in-house objects in quick time, without much dependence on the supply chain of raw materials, the market has got impacted due to the unequal availability of the metal powders and metal 3D printers in some regions of the globe. For instance, as per 2019 data, Australia holds the maximum reserves for titanium in the world, but the country has limited availability of metal 3D printers compared to the countries such as the U.S. and Germany. This can potentially lead to the disruptions in 3D printing of titanium.
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Due to the global lockdown, which has highly disrupted the logistics, the free flow trade of the materials related to metal 3D printing, which prevailed before the pandemic, has been completely disturbed. As a result of this, there has been an unevenness in the availability of metal powders and metal 3D printers across some countries of the globe, which has impacted the smooth business operations of metal 3D printing globally.
With respect to aluminum, which has been the most widely adopted metal/alloy for metal 3D printing, the material finds its applications majorly in the automotive sector. As per the 2018 data, the availability for aluminum has been maximum in the U.S. and Germany. In terms of availability of the metal 3D printers, these two countries have been topping the table. In terms of the adoption of metal 3D printing from the end-use industries, there has been a sharp change as the major adopters (before the advent of the pandemic) such as aerospace, defense and automotive have been badly hit which has drastically impacted the adoption trend of this technology. However, there has been almost no significant change towards the adoption of metal 3D printing in the medical and healthcare sector as the demand for the 3D printed surgical tools and bio-implants could be easily met with this technology due to its capability of in-house production of objects in very short notice, thus maintaining the demand-supply balance with great ease.
However, amidst all these positives, one area of concern is that the medical sector has been mostly adopting titanium (Ti64) for its implants due to the low toxicity of the alloy, the disruption in 3D printing of titanium could have an impact on the medical industry at the current hour of the pandemic. Thus, the adoption of metal 3D printing toward the medical sector is expected to remain slightly sluggish during the COVID-19 period (2020-2022) and is expected to get back to grow at normal rates during the period (2023-2025). The same holds true for the other end-use industries such as aerospace and automotive sectors, remaining sluggish for (2020-2022), which are expected to return to their normal growth states post COVID-19 during the period (2023-2025).
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Despite the business disruptions caused due to the advent of COVID-19, there are certain positive outcomes worth considering from this situation. From the above discussions, the U.S., which has been depending on China and other countries for its automotive parts, could rethink on utilizing its own available vast reserves of aluminum and in-house metal 3D printers for developing these parts. This would reduce the trade dependency on other countries, which would be beneficial in any kind of global unrest and would help a country in becoming dependent. As a result, metal 3D printing is expected to witness a thrust in the long run in different parts of the globe.
UPCOMING INDUSTRY TRENDS 