3D Printing Powder Market: Segmented by Type (Metal Powder, Plastic Powder, Ceramic Powder, Other Powders); By Application(Aerospace Defense, Automotive, Medical Dental and Others) and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
170+ Pages Research Report 3D Printing Powder market to surpass USD 7665.87 million by 2030 from USD 950.13 million in 2020 at a CAGR of 23.22% in the coming years, i.e., 2021-30.
A digitally controlled device, 3D printing powder is used to create a three-dimensional item from powder fed into 3D printers. Additive manufacturing, often known as 3D printing, is the process of building successive layers of raw materials until the product takes the required shape, i.e. a three-dimensional object. Layer deposition is controlled by computer-aided software that includes a virtual 3D design as well as technical criteria for fabrications, such as dimensions. The majority of 3D printing materials are spherical in form, with particle sizes ranging from 50 to 150 micrometers. Titanium alloys, diamond catalyst alloys, tool steel, stainless steel, aluminum alloys, copper alloys, and superalloys of chromium and nickel are the most common materials used. Furthermore, a large portion of the 3D printers now on the market are based on powders rather than filaments.
3D Printing Powder Market is expected to project a notable CAGR of 23.22% in 2030
The increasing need for superior additive manufacturing technology for 3D printing is a major reason driving up demand for 3D printing powder, which in turn is propelling the market forward. Increasing applications for the automotive and aerospace sectors, as well as rising demand from the medical sector, are also propelling the market growth.
Recent highlights in the 3D Printing Powder market
Aerospace & Defense segment to grow with the highest CAGR during 2020-30
3D Printing Powder market is segmented by application into aerospace & military, automotive, medical & dentistry, and others. The aerospace & defense industry segment is expected to continue dominating the market as major airbus manufacturing firms are growing their usage of 3D printing powder in the production of jet engines and engine components.
Metal segment to grow with the highest CAGR during 2020-30
3D Printing Powder market is segmented by type into Aerospace Defense, Automotive, Medical Dental, and Others. Among these, the metal category had the highest revenue share in 2020 and this trend is expected to continue over the forecast period. Because of its solid structure and excellent corrosion resistance, metal powder is widely used for 3D printing in aerospace and military, and automotive applications, which is propelling the metal segment forward.
Rise in number of technological advancements
During the projected period, the 3D printing powder market is expected to benefit from an increase in technical developments. Important patents on powder-based laser sintering technology, which is one of the cheapest ways to make durable items out of metal powders, expired in 2014. During the projected period, this will have a significant impact on the growth of 3D printing powder. With the expiration of these major patents, numerous medium and small-scale companies are able to use powder-based laser sintering technology, resulting in an increase in demand for powder-based printers. Producers in the powder metallurgy sector are expected to benefit the most from all of these operations in the near future.
During the projected period, an increase in investments by technologically advanced startups and government organizations is expected to boost the market growth.
Difficult supply of specialized high cost of metal powder
For usage in high-precision engineering applications, powders used in additive manufacturing must be atomized. Supply of these specialized powders is still an issue, which may limit market growth. Furthermore, the market's expansion is expected to be hampered by the high costs of metal powder and industrial-grade printers.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
3D Printing Powder market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Asia-Pacific is projected to be the largest market in the future years as a result of the region's economic expansion and growing technological investments. In addition, the region's growth is projected to be aided by rising demand for the automotive, aerospace, and pharmaceutical industries. Furthermore, the region's growing pace of urbanization will boost revenue for the 3D printing powder market.
3D Printing Powder Market is further segmented by region into:
3D Printing Powder Market Segments:
|Market size value in 2021
|USD 1169.49 million
|Revenue forecast in 2030
|USD 7665.87 million
|CAGR of 23.22% from 2021 to 2030
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Type, Application, and Region
|North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
|Key companies profiled
|Sandvik AB, Arkema, Carpenter Technology Corporation, Advanced Powders and Coatings Inc., Carpenter Technology Corporation, LPW Technology Ltd., Hoganas AB, GKN plc, Metalysis, Arcam AB, and Other Prominent Players.
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