Even though metal AM has been booming, total revenues reported in 2015 have been revised down from our previous study. This may seem counter-intuitive but is actually due to greater than anticipated activity from major metal powder suppliers and their sales activity with major end users. This activity, characterized by much larger average order quantities and significant volume discounts, resulted in lower than previously expected average pricing in a number of critical alloys. Mid-term outlook for metal powder revenues is now estimated at $1.4B by 2023, growing from $300M in 2018. Longer term outlooks remain largely unchanged thanks to stronger than previously expected overall utilization and acceptance of metal AM systems, with total revenues expected to climb to $2.1B in 2025 compared to previous estimations of $2.36. The metal AM powder market is forecasted to reach $3.1B by 2027.