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Metalworking Fluids Market To Cross US$15B By 2025

Metalworking Fluids Market to Cross US$15B by 2025

The metalworking fluids market is expected to cross US$15 billion by 2025, according to research by Global Market Insights. Rapid urbanisation coupled with swelling automotive sales across the globe, especially in the emerging economies, are the key factors driving the metalworking fluids market during the 2018–2025 forecast period.

The specialty fluids can be used in various ways in processing metal workpieces. The most common three ways include spray, continuous jet and hand dispensers. Sprays can be manually operated and are generally used in cases where the workpiece rotation speed is varied frequently by the operator. These are extensively used in applications such as turning, grinding, drilling, reaming, tapping and broaching. The end-use industries using these applications are aerospace, automotive, marine, defence and manufacturing companies.

Metalworking fluids are used to protect, lubricate and cool the machine during stamping, drawing, roll forming, cold heading, extruding and welding tube rolls in the production process. The robust growth in the metal and steel fabrication is expected to boost demand for the forming and removal metalworking fluids, thereby propelling the market by 2025.

Meanwhile, the increasing usage of alloys of non-ferrous metals, such as aluminium and titanium in the aerospace industry, would hamper the demand for specialty fluids as these alloys do not require specialty fluids in the machining process. Furthermore, workers can also be exposed by breathing in the vapour, by getting the fluids on their skin, or by ingesting them.

However, rising usage of bio-based metalworking fluids has lowered environmental issues and health risks for workers. This will likely influence the metalworking fluids market size over the forecast timeframe. The product segment is divided into synthetic fluid, soluble oil, neat oil, and semi-synthetic fluid. Neat oils are composed of animal, mineral, synthetic, marine, or vegetable oils. These are not diluted with water, but other additives may be present. These oils are applicable in gear cutting, threading of alloys, and broaching operations.

Based on the product applications, the metalworking fluids market is classified into forming fluids, treating, protecting fluids, and removal. Removal fluids are used in grinding and machining operations to prolong the tool-life, transport debris and safeguard the work piece surfaces from frictional wear. They account for one percent to three percent of the total manufacturing cost, and provide substantial savings through an extended tool life, protection of the work piece surfaces, and reduced machine downtime. The segment will register over US$7 billion by 2025 owing to the growth in the OEM industries in the coming years.

The established automobile market in Europe, especially in Germany offers a promising growth of more than four percent CAGR by 2025. As metal is broadly used in vehicles to provide stability and structural strength. Thus, metalworking fluids will be essentially required in the automobile business as a coolants and metal protection purposes in the future years. Also, due to flourishing automobile industry, metal and steel fabrication industry is booming in Europe. In this industry, steel and metal undergo bending, cutting, and assembling processes, which essentially require specialty fluids for effective and efficient operations.

 

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Outlook For Additive Manufacturing With Copper: 51% CAGR Through 2027

Outlook For Additive Manufacturing With Copper: 51% CAGR Through 2027

Copper additive manufacturing (AM) is a rapidly expanding opportunity within the AM industry, thanks to a wave of technical developments which have begun to enable reliable, high quality printing of copper and copper alloys. As a result, commercial entities have begun to ramp up internal research and investments to capitalise on opportunities in industrial markets for copper components, with long term potential in electronics and medical devices setting the stage for copper materials to become one of the most influential in the broader metal AM industry.

According to a new market study titled ‘Copper Additive Manufacturing 2019 Market Database and Outlook’ by SmarTech Market Publishing, shipments of copper powders to additive manufacturing (AM) users grew by 45 percent in 2018, with an expected 60 percent growth during 2019. Fuelled by key technical developments in copper additive processes and materials, AM has the potential to create disruptive copper component applications in industrial markets in the immediate future, as solutions continue to be adopted and refined. From 2019 to 2027, the copper AM industry is expected to register a compound annual growth rate (CAGR) of 51 percent.

Copper printing exploration has been ongoing for many years, with published research dating back to at least 2010, according to SmarTech. The largest market catalyst came in 2016 with the development and certification of printing of copper alloys, as well as pure copper, utilising metal powder bed fusion technologies (both laser and electron beam variants) for the production of copper induction coils.

Copper materials are being explored within each of the three primary metal AM print technology families today, but their chemistry does present challenges to processing using established or ‘conventional’ metal AM system configurations in most available technologies. To overcome these challenges, SmarTech believes there are three primary avenues of technical development which are influencing the overall adoption of copper printing:

  • Alterations to or adaptations of hardware architecture of existing printing systems
  • Tailoring of material properties and powder characteristics of copper materials used
  • Development of alternative metal additive printing technologies suited to copper printing

 

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Global Metal Cutting Tools Outlook

Global Metal Cutting Tools Outlook

The global metal cutting tools market was valued at US$22.2 billion in 2018 and is projected to grow at a compound annual growth rate (CAGR) of 8.8 percent to reach US$38.3 billion by 2024, according to a new report by TechSci Research.

The growth is attributed to growing demand for additive manufacturing—the process of creating three-dimensional objects using a digital file. 3D printing in aerospace and automotive industries enables the production of complex geometries that are either arduous or impossible to do with traditional manufacturing techniques. As a result, replacement of traditional manufacturing techniques with 3D printing will significantly reduce the capital costs, raw material costs, and costs to reclaim scrap in the coming years.

Carbide is expected to continue its dominance in the materials category, which also includes ceramics, cubic boron nitride (CBN) and polycrystalline diamond (PCD), amongst others. In the terms of process, milling accounts for the largest share in the global metal cutting tools market.

From the geographical perspective, North America dominates the metal cutting tools industry due to the growing demand for lightweight passenger vehicles and increasing aerospace and defence budget in the region.

 

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Global Stainless Steel Market Outlook

Global Stainless Steel Market Outlook

The global stainless steel market is projected to reach US$133.84 billion by 2025, up from US$93.69 billion in 2018, according to a new report by Grand View Research Inc. It is projected to expand at a compound annual growth rate (CAGR) of 5.2 percent from 2019 to 2025. Rising demand from end-use industries such as automotive, oil and gas, and the construction sector is anticipated to propel growth. Moreover, increasing investments in R&D for steel manufacturing is also projected to contribute to the growth of the industry.

According to the report, the 300 series grade steel is anticipated to reach US$71.9 billion by 2025 at an estimated CAGR of 5.1 percent during the forecast period. In terms of revenue, the long products segment is projected to expand at a CAGR of 4.7 percent over the forecast period.

From a regional market perspective, Asia Pacific is projected to witness a significant CAGR of 4.7 percent over the forecast period, owing to rise in infrastructure investments and demand vehicles in the region. For instance, as per the 13th five-year plan of the Civil Aviation Administration of China (CAAC), China is aiming to build around 74 more airports by 2020. It is also planning to construct 30,000km of highways and one million kilometres of rural roads. Further, this plan is also created to achieve cumulative sales and production of five million electric vehicles by 2020.

Europe accounted for 17.6 percent of the global market share in terms of revenue in 2018. Growing automotive sector in countries such as Germany and France is projected to assist the regional demand. Rise in demand for consumer goods supported by manufacturing of electromechanical components is expected to buoy the regional market over the next seven years.

Growing Automotive Sector

The automotive sector is expanding at a greater pace owing to easy access to credit facility and increasing necessity amongst people to own a vehicle. Stainless steel’s ability to absorb the energy during collision makes it a key material in automotive components. The demand for products such as frame, exhaust system, wheel rim, engine cradles, floor panels, gaskets, and suspension systems is also expected to rise.

However, the increasing use of aluminium and carbon fibres in automotive components is projected to restraint the market growth for stainless steel. The advantages of aluminium such as fuel efficiency, recyclability, durability, performance, and environmental safety make it suitable in vehicles. In addition, the increasing government pressure on manufacturers to reduce emissions of harmful chemicals is projected to boost the demand for automotive aluminium in the coming years. In particular, around 90 percent of aluminium can be recovered from the products and again recycled for further processing. It is believed that 1kg of aluminium can replace around 2kg of cast iron or steel in the manufacturing process.

 

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Smart Factory Market Outlook: US$275.9B By 2026

Smart Factory Market Outlook: US$275.9B By 2026

The smart factory market is expected to reach US$275.89 billion by 2026, according to a new report by Reports and Data. Smart factory attributes to several fully integrated automation solutions implemented for manufacturing purposes, which help to streamline the material flow during all the methods involved in manufacturing, thus, facilitating the efficient flow of materials across the factory floor.

Easy monitoring, minimization of waste, and acceleration of production are some of the significant benefits of a smart factory. This technology advancement provides enhanced quality, with standardization and reliable products to the customers, within time and at a much economical cost. The emergence of wireless networking technologies is promoting revolutionary improvements in this market along with the growing number of smart factories globally, and also encouraging the use of mobile devices, to observe and manage industrial processes.

From a regional perspective, Asia Pacific accounted for the largest share of the smart factory market—at 29.3%—in 2018.

North America, meanwhile, accounted for the second largest share, with 27.3% of the market. This region is an important market as it consists of some of the most prominent multinational organizations engaging in this market, including the majority of the leading players. The developed R&D in the field of Internet of Things (IoT) for modern and upgraded technologies, as well as the rising demand for enhanced lifestyle, are the two significant factors driving the market in this region. Also, the increasing demand for high-level manufacturing solutions is anticipated to drive the growth of the market in North America.

Other key findings from the report include:

  • Industrial robots have evolved as an essential part of the manufacturing industry. The market for industrial robots is expected to grow at a rate of 9.2% during the forecast period.
  • Robotic installation in the US has expanded to a new peak. The driver for this increase in manufacturing industries has been the continuing trend to automate production, to establish the US industries in both native and global markets.
  • The PLM technology is anticipated to witness the highest CAGR of 9.3% during the forecast period. This is mainly attributed to the growing demand for performance and productivity, along with the increasing need for collaboration across the global manufacturing lifecycle.
  • Adoption of end-to-end PLM solutions across new verticals such as infrastructure and construction, power and energy, and consumer goods among others, and increased manufacturing activities in developing economies such as India, China, and South Korea, are some of the driving factors for the growth of the market.

 

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Additive Manufacturing Metals Outlook: Nickel Superalloys

Additive Manufacturing Metals Outlook: Nickel Superalloys

In the metal additive manufacturing (AM) segment, nickel superalloys are becoming one of the most advanced and high value metals amongst all printable metals in 2019. According to a new report by SmarTech Analysis, the nickel powder group of alloys is expected reach $450 million in worldwide sales to users of metal 3D printing technologies by 2027. This growth will be driven by a similar expansion in other popular nickel alloys, which has been seen over the last year within the nickel superalloy subsegment.

Nickel alloys are some of the most widely used materials for applications with an extreme operating environment, making them commonly found in industries and applications in which metal AM techniques are already being explored and applied. This is a net advantage for the development of the nickel AM market, because the historical use of metal AM techniques like laser powder bed fusion have been, for the most part, relegated to high performance, high value components due to the cost structure of the technologies, the report said.

The early R&D in nickel superalloys for aerospace engine components was also successfully ported to other industries where similar turbomachinery applications require performance similar to jet engines, especially in power generation for oil and gas and general energy markets, making materials like Hastelloy some of the most widely printed materials today. More recently, however, nickel materials have begun to gradually creep into other areas of application beyond the areas of turbomachinery and aerospace propulsion systems. SmarTech anticipates that in the near term, nickel alloys will continue to see widespread expansion, especially through the development of printing parameters specific to new commonly used nickel alloys outside of the typical superalloys used today, for alloys such as the Monel family, Invar family, Incoloy family, and various Haynes nickel materials.

 

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Industrial Robotics Market Outlook

Industrial Robotics Market Outlook

The industrial robotics market was valued at US$18.05 billion in 2018 and is expected to reach US$37.75 billion by 2024, at a compound annual growth rate (CAGR) of 12.15 percent over the forecast period (2019–2024), according to market analyst Mordor Intelligence. The market has been witnessing a huge demand over the past decade, owing to the rising adoption of smart factory systems, of which these robots play a vital part. The global smart factory market is expected to reach US$388.68 billion by 2024, which provides insights on the scope of the adoption of industrial robots for automation across end-user industries.

In particular, Industry 4.0, the newest industrial revolution, has fuelled the development of new technologies, like collaborative robots and AI-enabled robots, to name a few, and have enabled industries to use robots to streamline many processes, increase efficiency, and eliminate errors. Increased workplace safety and improved production capabilities have further driven industries to invest in robotic systems.

Rising Demand from Automotive Industry

The growing adoption of automation in the automotive manufacturing process and involvement of digitisation and AI are the primary factors driving the demand for industrial robots in the automotive sector.

In 2017, more than 170,000 robots took part in the production process in the European automotive industry. The growing presence of robots and automation in the European automotive industry is expected to fuel the market for industrial robots in the region.

Meanwhile, China has also become both the world’s largest car market and the world’s largest production site for cars, including electric cars, with much growth potential. In Malaysia, there are 27 automotive manufacturing and assembly plants. Overall, the growing automotive industry in Asia is also creating a massive opportunity for the global industrial robotics market.

 

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Compact Industrial Metal Printer Market Outlook

Compact Industrial Metal Printer Market Outlook

Although still in its infancy, the ‘compact industrial’ metal printer market is poised to generate nearly US$112 million in revenue in 2019 and reach over US$1.05 billion by 2027, according to a new report by market analyst SmarTech Analysis.

This sub-segment of metal additive manufacturing hardware has a more accessible price-point, shorter learning curve, and compact footprint, while still offering industrial-level quality. Compact industrial metal printers address a significant hole in the marketplace and creates a lower-level entry point for new industrial users of metal 3D printing technology.

The growth of metal additive manufacturing as a whole will be aided directly and indirectly by the introduction and refinement of this growing class of metal 3D printers. Not only does the introduction of these new technologies give accessibility to a new group of customers, but they will greatly aid the education and further development of 3D printing as a manufacturing tool across industries and applications.

These compact industrial metal printing solutions give accessibility to an entirely new segment of the market. With a total system cost of less than US$200,000, and minimal set-up requirements, industrial customers now have an increasing number of options to aid in their exploration of metal additive manufacturing.

The most recognisable technologies in this market are the material extrusion technologies, specifically by Desktop Metal and Markforged, which are poised to grow dramatically. By borrowing heavily from materials science established within metal injection moulding (MIM), bound metal deposition techniques are experiencing a much higher adoption rate than earlier additive manufacturing technologies. It is within this subsegment that is seeing a lot of growth for the compact industrial metal printing market.

On the other hand, integration of directed energy deposition (DED) technologies with subtractive CNC machining tools has grown significantly in the last couple years and helped to establish a stronger link between the additive and subtractive digital manufacturing processes. Furthermore, continued improvements within powder bed fusion (PBF) technologies are being implemented in two ways: improved productivity and increased accessibility, with the latter driving the compact industrial metal printing market growth.

 

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Global 3D Scanning Market Outlook

Global 3D Scanning Market Outlook

The global 3D scanning market was valued at US$1.007 billion in 2018, and is expected to reach US$3.26 billion by the end of 2024, at a compound annual growth rate (CAGR) of 22.2 percent from 2019 to 2024, according to Mordor Intelligence.

3D scanning technology has witnessed considerable adoption from commercial applications. Furthermore, the flexibility of the technology to be customised to meet professional needs in various industries has made it profoundly popular across major end-user industries. For instance, in the medical sector, 3D scanners are used to model body parts in three-dimensions, which is used to create prosthetics. It can also be used to facilitate wound healing and care and generate body implants.

In the current scenario, the use of 3D scanners provides dimensional quality control in the manufacturing and production of, both, small and large, critically essential, components. Whether the usage is on-site or at the point of production, it becomes vital to deliver ultra-precise, ultra-accurate, and ultra-resolution result.

However, price is one of the major factors restraining the adoption of 3D scanning solutions as the technology is still in the nascent stage in terms of global and commercial adoption.

In terms of product segment, medium rage 3D scanning is expected to hold a major market share. Phase shift 3D scanners, which capture millions of points by rotating 360 degrees while spinning a mirror that redirects the laser outward toward the object or areas to be 3D scanned, are ideal for medium range scan needs, such as large pumps, automobiles, and industrial equipment. Phase shift scanners are better suited for scanning objects with maximum distance up to 300m or less.

Meanwhile, medium-range terrestrial laser scanners, which measure point-to-point distances in spaces of 2-150m, are increasingly becoming critical for large-scale manufacturing and assembly operations’ applications, such as aircraft and ship assembly.

From a regional market perspective, the United States seen to be one of the most significant and momentous 3D scanning markets across the world, driven by the healthcare, aerospace and defence, architecture and engineering applications.

3D Scanning Landscape Remains Competitive

The 3D scanning market is fragmented. Overall, the competitive rivalry amongst existing competitors remains high. Moving forward, the new product innovation strategy of large and small companies will continue to propel the market. Some of the key players in the market are 3D Systems Inc. and Hexagon AB, and recent developments include:

  • April 2019: Creaform launched the third-generation scanning solution of its Go!SCAN: the Go!Scan SPARK, which is a portable 3D scanner designed for product development professionals.
  • February 2019: 3D Systems released a new version of Geomagic for SOLIDWORKS. With improved workflow, user interface and compatibility to various scanning device and export-import formats.
  • June 2018: Hexagon launched Leica RTC360, a laser scanner equipped with edge computing technology to enable fast and highly accurate creation of 3D models in the field. According to the company, it is the world’s first 3D laser scanner with automatic in-field pre-registration.

 

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Outlook For Global Robot End-Effector Market

Outlook for Global Robot End-Effector Market

The robot end-effector market is expected to grow from US$2.6 billion in 2019 to US$45.7 billion by 2024, at a CAGR of 16.9 percent during the forecast period, according to research firm MarketsandMarkets, mainly due to the fast-changing nature of industries today.

For example, in the packaging segment, the shape, size, surface, or weight of the packaging is constantly changing, thereby shortening the lifecycle of an end-effector to one to two years, and thus increasing the cost of replacement for a company. Modular end-effectors have the capability to accommodate and handle a large variety of objects as required. Hence, the growing demand for modular end-effectors is one of the key factors driving market growth.

Until 2017, welding guns dominated the robot-effector market. However, from 2018 onward, grippers have the largest share owing to the growing popularity of electric grippers, collaborative grippers, soft grippers, and customised grippers. The report expects this trend to continue moving forward, mainly because of the fully programmable feature of the electric gripper. When programmed intelligently around the states of operation, they can reduce cycle time by a considerable amount. Because of their programmable nature, they can also be calibrated for the use of three fingers or more, and can be fitted with different fingertips.

The Asia-Pacific (APAC) region is expected to dominate the robot end-effector market during the forecast period, mainly driven by increasing investment in automation by the automotive, and electrical and electronics players, especially in countries such as China, South Korea, and India. The increasing adoption of collaborative modular robots by manufacturers has also elevated the demand for modular robotics in APAC.

 

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