Thu, 23 November 2017
GoDaddy - World's #1 Domain Registrar
FB Twitter Rss
Advertisement
Tue, 22 November 2016 17:37:07

3D Printing Set for Explosive Growth

From producing engine parts and dental implants to prototyping and tooling, 3D Printing is creating benefits not just for large established companies, but also for start-ups trying to compete in an ultracompetitive and capital intensive market.

Additive Manufacturing (i.e. 3D Printing) printing is quickly being adopted as a complementary production process to conventional manufacturing. The value of the sector has exploded, with revenue expected to reach a record USD$15.9 billion for 2016, and compound annual growth expected to exceed 22% to 2020, to reach USD$35.4 billion according to Staistia.

PyroGenesis: A Company Poised to Capitalize on the Trend

PyroGenesis Canada Inc. (PYR.V) is a Montreal-based world leader in the design, development, manufacture and commercialization of advanced plasma processes. In 1996, the Company invented technology to produce titanium powders using plasma atomization technology, which it used to produce powders from 1998 to 2004 for the biomedical industry. The biomedical industry sought PyroGenesis’ powder due to its flowability, which was a result of the sphericity of the powder. PyroGenesis sold its powder-producing division to Raymor Industries (named Advanced Powders & Coatings or AP&C) in 2006 along with the exclusive rights to use the technology up until 2012.

PyroGenesis has since improved its technology, investing approximately $2mm last year alone, to increase the Plasma Atomization systems production rate and tighten the particle size distribution. Today, PyroGenesis’ Plasma Atomization system produces powders that in large cater to the Additive Manufacturing Industry (Figure 1 illustrates a diagram of PyroGenesis Plasma Atomization Process). Currently, the majority of the powder demand is for Titanium and Titanium alloy spherical powders. The Plasma Atomization system allows for the production of very fine metallic powders all while retaining the chemical purity of said powders. It is this unique production method, and the highly spherical and pure powder it produces, which enables PyroGenesis to bring tremendous value to the Additive Manufacturing sector.

Powder production will commence in Q1 2017 via PyroGenesis’ first Plasma Atomization unit. PyroGenesis has plans to further expand its capacity in the near future to meet the growing demand from the Additive Manufacturing (AM) Industry, with the ultimate goal of becoming the leading supplier of spherical metallic powders for the AM sector.

In a report released by KPMG, titled “Global Manufacturing Outlook,” it surveyed 360 senior executives and found that 25% of respondents had already invested in 3D Printing technologies, with 31% saying they will definitely invest and 35% saying they will probably invest in the next 12 to 24 months. This creates a significant opportunity as more companies see the cost-benefits of 3D printing, which will ultimately lead to shorter product development lifecycles as prototyping and manufacturing processes become more efficient.

 

Link to Source:
http://www.datsyn.com/article/6271/2016/11/22/3D-Printing-Set-for-Explosive-Growth

 

LOGIN TO POST ADS

Free Registration
Username / Email
Password
  • Forgot your Password?
  • Create an Account
  • Latest News

    OR?! : A Modern 'Would You Rather..
    on 22 November 2017 16:20:30
    ‘OR?!’ is an all new and modern ‘would you rather’ style party game tha
    Smart Home Specialist, Inspire Audi..
    on 22 November 2017 16:17:20
    Since launching in 2009, Inspire AV has created over 150 bespoke audio visual, lighting, home cinema
    Amazon Top 10 Black Friday Deals..
    on 22 November 2017 16:15:38
    Friday, November 24, 2017 is one of the biggest consumer shopping days in the country. To many exper
    Custom Helium Balloon Creations Now..
    on 22 November 2017 01:49:39
    Party supply store, Party Fair of Kendall Park NJ launches the expansion of its Custom Balloon Creat
    How to Finance your Small Business ..
    on 21 November 2017 17:23:09
    As a small business owner, you are likely to face some challenges when seeking funding from a tradit

    Latest Classified Ads

    Suport and Contribute for The \"B..
    on 07 November 2017 17:35:36
    We are seeking funding to make a movie dramatizing what would happen if elections were hacked.&nbs..
    Solar Battery charger..
    on 12 January 2017 18:55:06
    Solar battery charger –  10000mAh Solar battery Power Bank charger With Fold-able 4 Solar..
    Power Bank 20000mAh Slim aluminum a..
    on 12 January 2017 18:51:53
    Power bank 20000mAh Slim Aluminum Alloy mobile battery charger with electronic digital display ..
    Portable Car battery jump starter..
    on 12 January 2017 18:49:04
    Portable car battery jump starter  power bank 12000mah, emergency Multi purpose battery charger..
    10000mAh lithium polymer slim power..
    on 01 January 2017 17:11:35
    10000mAh power bank lithium polymer battery for smartphones and tablet,20000mah OEM and ODM are all ..