Europe 3D Printing Powder Market By Type (Metal, Plastic, Ceramic and Others), By Application (Aerospace & Defense, Automotive, Medical & Dental) By Country (Sweden, UK, Germany, Rest of Europe) – Analysis and Forecast to 2020
The European consumption of 3D printing powders, along with their end products, has witnessed a stable growth in the past few years and this growth is estimated to scale up in the next five years due to a number of technological developments taking place in the 3D printing market. The launching of European Additive Manufacturing Group (EAMG) in 2013 has supported research and new technology developments in Europe. It will ensure development of new powder products as per international standards. Increasing participation for powder manufacturers will offer new and advanced studies in powder metallurgy and its application in additive manufacturing.
Important patents for powder-based laser sintering technology, which is one of the cheapest technologies that uses metal powders to produce durable products, have expired in 2014. With the expiry of these key patents, the powder-based laser sintering technology will be accessible to many medium and small-scale industries, subsequently leading to increase in demand for powder-based printers. Manufacturers in powder metallurgy industry are likely to benefit the most, from these developments.
The demand for metal powders will constitute a higher share in the total powder market. Development of powder products like titanium, steel, aluminum, and cobalt-chrome alloy powders is expected to support the growth of 3D printing powder market in Europe. Increasing adoption of 3D printing in manufacturing of critical components used in the automobile and aerospace industries will significantly add to the demand for powders. These powders are highly recyclable and offer superior quality and durability as compared to other materials. This has led to growing preference for powder-based printers as compared to plastics and ceramic-based printers. These powder-based printers save time as well as cost.
Manufacturers, who deal in powder metallurgy, are testing different powder materials along with their safety standards so as to ensure that these powders are used in number of applications, such as printing entire aircraft engine using 3D printing technology, in the coming years.
This report covers the competitive scenario of the top players in the European 3D printing powder market, which has been discussed in detail. The report has also profiled leading players of this market along with their recent developments and other strategic industry-related activities. The key players operating in this market are Sandvik Materials Technology (Sweden), LPW Technology Ltd. (U.K.), Arcam AB (Sweden), and others.
Scope of the Report:
This research report categorizes the European market for 3D printing powder on the basis of applications in the application, type, and country. It also provides forecasts for volume and value, and analyzes trends in each of the submarkets.
Europe 3D Printing Powder Market, By Application:
- Aerospace & Defense
- Medical & Dental
Europe 3D Printing Powder Market, By Type
- Metal Powder
- Plastic Powder
- Ceramic Powder
- Other Powders
Europe 3D Printing Powder Market, By Country:
- Rest of Europe
The Europe 3D printing powder market is expected to grow at a rapid pace in the next five years owing to a numbers of technological as well as new product developments. The market is estimated to cross $120 million in 2020, at a CAGR of 21.5%.
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