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.
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.
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
Global 3D Printing Powder Market: By Application Segment Analysis
Global 3D Printing Powder Market: By Regional Segment Analysis
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
[216+ Pages Report] As per the Facts and Factors market research report, the global digital transformation consulting market is expected to grow at a CAGR of around 7.5% from 2021 to 2026. The digital transformation consulting market was valued at around USD 5 Billion and is expected to rise above USD 11 Billion by 2026. Global Digital Transformation Consulting Market: Overview Organizations are trying to change the way they function as a result of evolving digital technology. Digital tran
Published Date : 27-Sep-2021 | | Category : Technology & Media | Pages : 216 | Format : Read more
[205+ Pages Report] According to a Facts and Factors market research report, the globalcrypto asset management market is estimated at around USD 0.4 Billion in 2020 and is expected to reach around USD 1.4 Billion by 2026 along with a CAGR of around 23.5% from 2021 to 2026. Global Crypto Asset Management Market: Overview People are investing more in secondary assets like digital currencies, the crypto market in the last few years. It is because of gaining popularity of crypto-asset across t
Published Date : 27-Sep-2021 | | Category : Consumer Goods | Pages : 205 | Format : Read more
[205+ Pages Report] According to a Facts and Factors market research report, the globalcorporate wellness solutions market is projected to reach USD 100 Billion by 2026 from USD 61.3 Billion in 2020, at a CAGR of 8.5% during the forecast period. Global Corporate Wellness Market: Overview Corporate wellness programmes are a declaration of intent, programmes, and perks that target a variety of risk factors and conditions while influencing both employees and the firm as a whole. According to
Published Date : 27-Sep-2021 | | Category : Healthcare | Pages : 205 | Format : Read more