Global 3D Printing Powder Market, By Type (Metal, Plastic, Ceramic), By End-Use Industry (Aerospace

Published Date: June - 2019 | Report Code : MT2058773

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The Global 3D Printing Powder Market is projected to reach USD 64.45 billion by 2028, growing at a CAGR of 19.2% during the forecast period. Increasing demand in the aerospace & defense sector combined with a reduction in production costs and increasing sustainability is expected to steer the market during the forecast period.

3D Printing Powder Market3D Printing Powder Market

The growing demand for advanced additive manufacturing technologies for 3D printing mesh designs is of the most important factor responsible for the substantial growth of 3D printing powder market. The 3D printing powder market is primarily driven by factors such as growing usage of powder-based 3D printing across various industries such as healthcare, medicine, defense, energy, consumer goods, electronics, aerospace, and automotive. The rapid pace of urbanization & manufacturing is spurring the growth of the 3D printing powder market.

The quantity of 3D printing material produced by the aerospace & defense industry represents one-third of the complete industry for its implementation. This development is primarily due to the growing requirement from airbus manufacturing firms for 3D printing dust for the production of jet engines and engine parts. Additionally, there is a huge surge in demand for 3D printing powder among the vast spectrum of industries, such as automotive and medical. In engineering and manufacturing industries, metal powders are predominantly favored, since they require high precision & accuracy combined with superior fabric response. The aerospace & defense industry also tends to prefer metal powders for the manufacture of motor parts. In addition, these powders are used in tooling operations and prototyping in the manufacturing sector; these powders are used in medical and dental applications such as orthopedic implants and surgeries as well as medical device manufacturing.

3D Printing Powder Market

3D Printing Powder Market

North America is deemed among all countries as being the most promising region on the global economy for 3D printing paint. The Asia Pacific region's 3D printing powder market remains the second-highest growing market prior to the ROW region. Most European-based paint companies expand their footprints in the Asia-Pacific region to take advantage of unique possibilities in this industry. The Middle East still remains as an emergent player in the 3D printing powder market.

Key Factors Impacting the Growth of 3D Printing Powder Market:

  • Increasing demand in the aerospace sector especially from NASA & ISRO.
  • Cheaper cost of materials along with increased efficiency.
  • Increasing use in medical sectors as contrast materials for imaging studies.

Key Developments in the 3D Printing Powder Market:

  1. On 21st May 2019, leading industrial 3D printer provider ExOne has announced a collaboration with Sandvik Additive Manufacturing to advance its binder jet 3D printing process which makes use of 3D printing ceramic powder technology. Both companies will work towards optimizing the use of metal powders with binder jet 3D printing, with ExOne aiming to offer its industrial customer base an improved binder jet processing solution with the collaboration.
  2. On 24th October 2018, Carpenter Technology Inc. acquired LPW Technology Ltd. a leading manufacturer of 3D printing powders. LPW is headquartered in Widnes, the UK with additional processing operations in Pennsylvania, and is renowned for its metal powders and management, storage and monitoring systems. Those materials are developed for powder bed fusion processes and optimized to the specific machine type, whether it is EOS, SLM Solutions, Concept Laser, Renishaw, 3D Systems, Trumpf, Arcam, and so on. In more recent times, the company has stepped up its embrace of automation and end-to-end solutions, bringing to market its PowderLife portfolio, which ensures powder, can be properly managed and assured.
  3.  On 27th March 2018, LPW Technology enters the Tantalum powder processing partnership for additive manufacturing. Tantalum, like metal 3D printing favorite titanium, has a high weight to strength ratio and excellent biocompatibility. Global Advanced Metals (GAM) is a leading producer of tantalum metal powders. Due to the metal’s unique properties, GAM is collaborating with LPW Technology to help process tantalum powders for use in powder bed fusion (PBF).

What Does This Report Provide?

This report provides a detailed understanding of the global 3D printing powder market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the 3D printing powder market.

Market Segmentation:

By Type:

  • Metal
  • Plastic
  • Ceramic

By End-Use Industry:

  • Aerospace & Defense
  • Automotive
  • Healthcare
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-User Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-User Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-User Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-User Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-User Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-User Industry

Companies Covered: Sandvik Materials Technology, GKN Hoeganaes Corporation, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, and ErasteelKloster AB...

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

19.2%

Reasons to Buy This Report:

  • Market size estimation of the global 3D printing powder market on a regional and global basis.
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the 3D printing powder market with key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the market.

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