Essentium Independent Research: Additive Manufacturing Industry Continues to Show Growth and Innovation

AUSTIN, Texas, April 5, 2023 /PRNewswire/ -- Essentium®, Inc., a leading innovator of industrial additive manufacturing (AM) solutions, today unveiled the results of its latest independent research that paints a bright future for the AM industry. The fifth annual study, which reflects the opinions of manufacturing leaders, reveals that 95% of the respondents expect a significant increase in the use of AM technology in the next three to five years, with 41% of leaders projecting a dramatic surge.

While AM is maturing in its applications across manufacturing, the AM industry is still in its early stages, with room for further growth. Innovations in post-processing, software, materials, platforms, printers, and workforce development are expected to fuel this growth. The majority of respondents (85%) reported their executive leadership has a positive attitude towards AM, with almost half (48%) indicating they are "very positive."

The study results indicate that manufacturers are particularly focused on using certified materials that meet or exceed existing standards, a critical factor for industries like aerospace, medical, military, and automotive. A staggering 99% of the manufacturing leaders surveyed agreed on the importance of using certified materials for large-scale manufacturing, with 80% saying it was "very important" or "critically important."

Said Blake Teipel, Ph.D., CEO of Essentium: "It's encouraging to see the confidence of manufacturing leaders in the continued growth of AM technology. With over half of the respondents expecting the growth trend to continue and a third forecasting an acceleration, it is clear that AM will play a pivotal role in production manufacturing for many years. We are committed to supporting this growth by investing in innovation and ensuring that the Essentium High-Speed Extrusion platform and materials meet the high standards our customers demand."

For more insights into the research, please access the white paper here.

About Essentium

Essentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials, enabling the world's top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing. Essentium, Inc. is AS9100 certified and ITAR registered.

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SOURCE Essentium, Inc.