3D Printing Powder Market size is expected to reach USD 636.9 Million by 2020, at a CAGR of 24.4% from 2015 to 2020. This market in the Asia-Pacific region is expected to grow at a higher CAGR as compared to other regions.
Browse 53 market data tables and 60 figures spread through 93 pages and in-depth TOC on “3D Printing Powder Market by Type (Metal, Plastic, Ceramic), by Application (Aerospace & Defense, Automotive, Medical & Dental, Others), by Geography (North America, Europe, Asia-Pacific, RoW) – Global Forecast to 2020”
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Technological advancements, new product developments, and expiry of key patents for powder-based selective laser sintering are factors influencing the overall demand for 3D printing powder.
Aerospace & defense is the major application in the global 3D printing powder market
The volume of 3D printing powder consumed by the aerospace & defense sector constitute one-third of its total application market. This growth is mainly attributed to the increasing demand of 3D printing powder from airbus manufacturing companies for the production of jet engines and engine components. In addition to this, there is a huge demand of 3D printing powder among varied end-user industries, such as automotive and medical & dental, among others.
Among all powder types, the metal powders segment has dominated the global 3D printing powder market
Metal powders are mostly preferred in engineering and fabrication applications, which require absolute precision and usage of superior material standards. Metal powders are also preferred by the aerospace & defense sector for manufacturing engine components. Moreover, in the automotive industry, these powders are utilized in tooling applications and prototyping; these powders are also utilized in medical & dental applications, such as orthopedic implants and surgeries as well as manufacture of medical devices.
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North America is the most dominant region in the global 3D printing powder market
Among all regions, North America is considered as the most prospective region in the global 3D printing powder market. The 3D printing powder market in the Asia-Pacific region remains the second-highest growing market, preceded by the RoW region. Most of the powder manufacturers based in Europe are expanding their footprints in the Asia-Pacific region to tap new opportunities in this market.
Some of the key players operating in the global 3D printing powder market include Sandvik Materials Technology (Sweden), GKN Hoeganaes Corporation (U.S.), Carpenter Technology Corporation (U.S.), LPW Technology Ltd. (U.K.), Arcam AB (Sweden), and Erasteel Kloster AB (Sweden), among others.
The global 3D printing powder market is segmented on the basis of application (aerospace & defense, automotive, medical & dental, and others), type (metal, plastic, ceramic, and others), and region (North America, Asia-Pacific, Europe, and RoW).
The report focuses on current market trends, estimates, and forecast from 2015 to 2020. Key strategic activities in this market, including mergers/acquisitions, collaborations/partnerships, and product launches/developments have also been covered, which provides a deep insight about growth perspectives.