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SmarTech Study Says Market Entering Period of Renewed Growth

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CHARLOTTESVILLE, Va., April 04, 2018 (GLOBE NEWSWIRE) — Industry analyst firm, SmarTech Publishing has issued its latest metal additive manufacturing market research report, “Additive Manufacturing with Metal Powders 2018.” The report found that industry revenues resulting from hardware, materials, and software grew 24 percent in 2017 to exceed $1B for the first time, and that there is an increasingly positive long-term outlook based on the current environment which will reach $9.3B by 2027.

The perceived slowdown in the metal additive manufacturing industry which was observed in late 2016 through the first half of 2017 appears to have been an anomaly powered by rapid competitive changes. SmarTech’s research found that the metal additive manufacturing market powered ahead in the last half of 2017 and is now poised for even larger growth for the future.

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Jamie Perozzi

VP of Technology 6K Additive

Mr. Perozzi has 20+ years of specialty metals experience with a focus on process, new product development, product management, and application engineering. Before joining 6K, Perozzi spent seven years at AMETEK Specialty Metal Products responsible for quality and process engineering. Prior to Ametek, he spent 10 years at Hitachi Metals – Metglas and 3 years at J&L Specialty Steel. Perozzi holds a BS Metallurgical Engineering degree from Penn State University.

Dr. Timothy Smith

Materials Research Engineer NASA Glenn Research Center

Tim Smith graduated with a PhD in materials science and engineering from Ohio State University in 2016. After graduating, his pathways internship at NASA Glenn research center became a full-time position. His research focuses on high temperature alloy development and characterization. He has contributed to 29 peer-reviewed publications including journals in Nature Communications and Nature Communications Materials. His research has also produced 10 new technology reports and 3 utility patents. He recently received both the Early Career Achievement Medal in 2020 and the Exceptional Scientific Achievement Medal in 2022.

Dr. Douglas Hoffman

Senior Research Scientist (SRS)/ Principal Section Technologist NASA Jet Propulsion Laboratory

Dr. Douglas Hofmann is a Senior Research Scientist and Principal at NASA’s Jet Propulsion Laboratory, where he serves as the Section Technologist for the Mechanical Fabrication and Test Section. He is also a Lecturer and Visiting Associate at Caltech in the Applied Physics and Materials Science Department. Dr. Hofmann founded JPL’s Metallurgy Facility in 2010, was a charter member of the Materials Development and Manufacturing Technology Group, and helped establish the JPL Additive Manufacturing Center. He is the Principal Investigator of the NASA FAMIS Flight Experiment and was a 2012 recipient of the Presidential Early Career Award for Scientists and Engineers from President Obama. He has spent more than 12 years working in metal additive manufacturing and has over 30 granted patents and over 60 peer-reviewed publications.

Dr. Jacob Nuechterlein

President/Founder Elementum 3D

Dr. Jacob Nuechterlein is the founder and president of Elementum 3D in Erie, CO. He earned his Bachelor of Engineering, Master of Science, and Doctor of Philosophy at the Colorado School of Mines. Jacob has been researching, teaching, or consulting on topics such as casting and powder metallurgy for the last 14 years. Elementum 3D’s work with powder bed laser additive manufacturing is based on these principles. In addition, is thesis work in thermodynamics and formation kinetics of metal matrix composites is directly related to all 3D printing processes.