The Report “3D Printing Powder Market, By Type (Metal, Plastic, Ceramic), By End User (Aerospace & Defense, Automotive, Medical & Dental) By Region (North America, Asia-Pacific, Europe, and Rest of World) – Global Forecast to 2020” global 3D printing powder market is estimated to be $213.3 million in 2015 and is projected to grow at a CAGR of 24.4% from 2015 to 2020.
Browse through the TOC of the 3D Printing Powder Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The global 3D printing powder market is significantly penetrating the end user industries. 3D printing powders have different characteristics, as per the manufacturing and application requirement of the end products. Growing demand for 3D printing powder products from the end user industries, especially aerospace & defense, automotive, and medical & dental, is expected to drive the global 3D printing powder market. The market in Asia-Pacific is expected to grow at a higher CAGR as compared to other regions during the forecast period. Apart from countries in the Asia-Pacific region, countries from other regions are also expected to benefit from the technological developments in North America and Europe.
North America is the largest region for the 3D printing powder industry, both in terms of volume and value, followed by Asia-Pacific and Europe. The value of the global 3D printing powder market is estimated to be $213.3 million in 2015 and is projected to grow at a CAGR of 24.4% from 2015 to 2020. The expiry of key patents for powder based 3D printing technology and increasing demand from end user industries, such as aerospace & defense, automotive, and medical & dental, will increase the overall consumption of 3D printing powders.
Apart from expiry of patents, other key contributors to the growth of this market includes joint ventures, acquisitions, expansions, and new product developments. Powder metallurgy companies, associations, and atomized powder manufacturers infuse higher investments in capacities for future advancements in 3D printing materials market. New companies are moving up the innovation ladder by inventing new powdered materials based on their intrinsic characteristics. These powders are tested across industries for their material worthiness and durability.
The global 3D printing powder demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. Assuming the modest growth seen in the powder metallurgy industry, the application of powder products in 3D printing will rise in the next 5 years. This analysis covers important developments, expansions, agreements, mergers & acquisitions, and product developments of leading global companies in the 3D printing industry.
Some of the key players in the global 3D printing powder market are Sandvik Materials Technology (Sweden), Carpenter Technology Corporation (U.S.), LPW Technology Ltd. (U.K.), Arcam AB (Sweden), and others. These companies are participating in the growth story of Asia-Pacific region through trade shows, conferences and events.
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