27-May-2021 | Facts and Factors
Global 3D printing powder market was assessed at USD 2 billion in 2020, according to a market research analysis released by Facts and Factors. By the end of 2026, this market is predicted to produce revenue of over USD 5.65 billion, with a CAGR of roughly 28% between 2021 and 2026.
3D printers utilize a special powder in the form of ink to produce extensive and complex structures. The basic ingredients behind a well-mixed 3D printed powder are steel, stainless steel, copper alloys, aluminum alloys, diamond catalyst alloys, titanium alloys, superalloys of chromium and nickel. The increased use case scenarios of 3D printed powder can be strongly contributed toward a higher dense value among structures, a well-presented surface area, flowability, and improved thermal properties.
3D printer powder is often used as a mixing agent among many engineering applications. The focused demand from the aerospace and defense structure has given rise to growth in the market. However, a disruptive supply will hinder the growth of the market to a certain extent. Furthermore, maintenance and upkeep of such devices which use the 3D printed powder come with a huge cost. These factors are expected to dampen the growth of the 3D printed powder market during the forecast.
Top Market Players
Major players in the global 3D printing powder market are Carpenter Technology Corporation, Erasteel Kloster, LPW Technology Ltd, Metalysis Company, Hoganas AB, and Evonik Industries, among others.
Market Dynamics
Since the metal segment drives the market share for a variety of applications in the 3D printed powder market a huge bulk of developmental and research budget is allocated toward producing a better quality of the product. GE Additive entered into a multi-year cooperative agreement with the US Department of Energy’s Oak Ridge National Laboratory (ORNL) in order to focus heavily on various processes, materials, and software to increase customer retention toward 3D printing powder applications. 3D Systems Corporation was granted a $15 million grant from the US government in order to create the world’s faster and precise 3D printer which will be aimed at creating applications for the aerospace and defense sector.
The 3D printing powder market can be segmented on the basis of type into plastic, metal, ceramic, glass, and others. The metal segment is expected to occupy the largest market share during the forecast period owing to a high range of functions. Functions such as higher rigidity strength and vulnerability to corrosion make them highly viable.
The 3D printing powder market can be segmented on the basis of end-user into automotive, aerospace and defense, medical, architecture, and others. The aerospace and defense segment will account for the largest market space during the forecast period owing to a rise in demand for components in extreme environments.
North America Will Dominate The Market During The Forecast Period
The North American region is expected to recoup the largest market share owing to huge technological developments in the sector and the presence of key players. A large variety of 3D printing powder solutions and services are made available in the region by a variety of locally sourced vendors. Additionally, the region offers government funding and an increased investment pool from local startups to boost the growth of the market to a positive outlook. The market share is followed by the region of Europe and Asia-Pacific, respectively.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 2 billion |
Projected Market Size in 2026 |
USD 5.65 billion
|
Growth Rate |
CAGR 28% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
Sandvik AB, Arkema, BASF SE, GKN Plc, Evonik Industries, Arcam AB, Carpenter Technology Corporation, Erasteel Kloster, LPW Technology Ltd, Metalysis Company, Hoganas AB, and Evonik Industries, among others.
|
Key Segment |
By Material, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Browse the full “3D Printing Powder Market By Material Type (Plastic Powder, Metal Powder, Ceramic Powder, Glass Powder, & Others), By Application (Automotive, Aerospace, and Defense, Medical, Architecture, & Others), and By Regions - Global and Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/3d-printing-powder-market
The global 3D printing powder market is segmented into:
Global 3D Printing Powder Market: By Material Type Segment Analysis
- Plastic Powder
- Metal Powder
- Ceramic Powder
- Glass Powder
- Others
Global 3D Printing Powder Market: By Application Segment Analysis
- Automotive
- Aerospace and Defense
- Medical
- Architecture
- Others
Global 3D Printing Powder Market: By Regional Segment Analysis
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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