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5N Plus Enters Additive Manufacturing (AM) Market, Substantially Expanding the Company's Total Addressable Market for Engineered Powders
5N Plus Enters Additive Manufacturing (AM) Market, Substantially Expanding the Company's ...
About this update from 5n Plus Inc.
[{"type":"text","content":"5Nplus-AdditiveManufa\n \n \n \n 5N Plus Enters Additive Manufacturing (AM) Market, Substantially Expanding the Company's Total Addressable Market for Engineered Powders\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Oct. 7, 2020\n \n \n \n \n \n MONTREAL\n \n ,\n \n Oct. 7, 2020\n \n /CNW Telbec/ - 5N Plus Inc. (\"5N Plus\" or \"the Company\"), a leading producer of specialty chemicals and engineered materials, announced today that it has entered the Additive Manufacturing (\"AM\") market, (commonly referred to as 3D Printing), as the supplier of high-performance engineered powders and have begun to launch a broad portfolio of metal powder products to support this ambition. From 2006 to 2016, the AM industry grew annually by an estimated 20%, accelerating to 25% over the subsequent three years. In 2019, the global market for powders associated with metal AM applications was in excess of\n \n $400 million\n \n and is projected to reach\n \n $1.2 billion\n \n by 2025. The aerospace, medical, dental and automotive industries are expected to substantially benefit from solutions made possible by metal AM technologies. The ability to cost-effectively produce complex and high-performing components is a notable driver for solutions based on Additive Manufacturing.\n \n \n 5N Plus began its engineered powder activities in 2014 and has continued to invest in process technologies.  As a new entrant to the market, 5N Plus elected to initially focus on the technologically challenging and smaller markets within micro-electronics and semiconductor applications. This allowed the Company to acquire the necessary experience and the invaluable learning required, before further expanding.  Over the past three years, the Company has invested on enlarging its product portfolio of high-performance spherical powders with low oxygen content and uniform size distributions and have recently secured a number of programs within hand-held electronic device platforms with marquee customers. The core competencies developed over these years ...