According to a report from Adroit Market Research, 3D printing powder market is projected to grow at a CAGR of 26.6% between 2021 and 2031.
By the end of 2021 and the end of 2031, the market is expected to be worth USD 2.3 billion and USD 6.9 billion, respectively.
3D printing powder is the name given to the substance utilized as the basis for 3D printing. It encompasses materials that are used to make three-dimensional objects, such as metals, ceramics, polymers, and other materials.
Although 3D printing has been known since the 1980s, its popularity has just recently increased. 3D printing is a crucial technology in many industries today, including consumer goods, aerospace, automotive, and healthcare.
Due to the rising need for metal-based 3D printing across numerous industries, the metal category is anticipated to dominate the market over the forecast period. The expansion of the metal category is significantly influenced by the aerospace and automobile industries. Due to the increasing need for ceramic-based 3D printing in the healthcare i ndustry, the ceramics category is also anticipated to grow considerably over the course of the projected period.
There are many major companies in the very competitive market for 3D printing powder. EOS GmbH, Sandvik AB, Carpenter Technology Corporation, Hoganas AB, Arcam AB, and 3D Systems Corporation are a few of the leading industry participants. In order to address the rising demand from diverse industries, these businesses are heavily investing in research and development to provide new and cutting-edge 3D printing powders.
A new metal-based 3D printing powder has been created by the EOS GmbH firm, and because of its enhanced mechanical and surface polish capabilities, it is perfect for usage in the aerospace and automotive industries.
A new line of 3D printing powders created especially for the medical sector has been presented by Sandvik AB. The powders were developed with consideration for biocompatibility, corrosion resistance, and other specifications unique to medical equipment.
Carpenter Technology Corporation: This business has created a new titanium-based 3D printing powder with improved ductility and strength that is perfect for usage in the aerospace sector.
Hoganas AB: The business has created a new line of metal-based 3D printing powders that are ideal for use in the automobile sector thanks to enhanced cost-effectiveness and manufacturing efficiency.
Arcam AB: The business has introduced a brand-new 3D printing powder designed especially for the dental sector. Due to the powder’s remarkable precision and accuracy, it is the perfect material for creating dental implants and prosthetics.
The aerospace and medical industries can benefit from the improved mechanical and thermal stability of new ceramic-based 3D printing powders created by 3D Systems Corporation.
Due to the increasing implementation of 3D printing technology across numerous industries, such as aerospace, healthcare, and automotive, the North American region is anticipated to lead the 3D Printing Powder Market during the forecast period. The existence of substantial market participants and rising R&D activity spending are further factors that are anticipated to support the industry’s expansion in this area.
Due to the growing need for metal-based 3D printing in the aerospace and automotive industries, Europe is another significant market for 3D Printing Powder. The market expansion in the region is anticipated to be supported by the presence of numerous important enterprises and expanding government initiatives to promote the implementation of 3D printing technology.
The market for 3D printing powder is anticipated to expand quickly in the Asia-Pacific region as a result of the technology’s expanding uptake across several sectors, including consumer products, healthcare, and transportation. Multiple manufacturing facilities and the increased demand for customized goods are other variables pred icted to fuel market expansion in this region.
A growing market for 3D printing powder exists in Latin America as a result of the region’s developing use of technology in the aerospace and healthcare sectors. The market in this area is predicted to grow as a result of the anticipated rise in demand for high-quality, reasonably priced 3D printing powders.
A growing market for 3D printing powder is also forming in the Middle East and Africa as a result of the rising application of technology in sectors like aerospace and medicine. The market expansion in this industry is anticipated to be aided by rising R&D expenditures and the availability of numerous production facilities.
The market for 3D printing powder is being impacted by a variety of factors, including the rising demand for personalized goods, the popularity of metal-based 3D printing, and the growing acceptance of 3D printing in the healthcare sector. As various new businesses are anticipated to enter the industry, increasing competition and promoting innovation, the market has bright future prospects. The market is anticipated to expand rapidly over the next few years as a result of the rising demand for 3D printing across several industries, including consumer products, healthcare, aerospace, and automotive.
The growing use of metal-based 3D printing powders is one of the key advancements in the market for powder for 3D printing. The improved mechanical capabilities and low cost that these powders offer are driving an increase in the use of metal-based 3D printing in the aerospace and automotive industries. The development of novel metal-based powders is promoting market expansion as well since these powders have enhanced mechanical properties and production effectiveness.
The market for 3D printing powder is also changing as demand for things with distinc tive designs grows. The ability of 3D printing technology to create complex and highly individualized objects is what is driving the need for 3D printing powders.
The marketplace is growing because the medical profession is utilizing 3D printing technology more regularly. Due to its high level of precision and accuracy, 3D printing is used to create medical implants, prostheses, and other equipment.
Since many new competitors are anticipated to enter the market, raising competition and stimulating innovation, the market for 3D printing powder has a bright future. Additionally, it is anticipated that rising R&D expenditures and the creation of brand-new, superior powders will fuel market expansion in the coming years. The sector is expected to grow quickly as a result of the rising usage of 3D printing technology in countries that are emerging.
In a broader sense due to the rising demand for 3D printing across numerous industries, it is projected that the market for 3D printing powder will expand significantly over the interval of the next ten years.
Due to significant investments made by major companies in R&D to create inventive and innovative 3D printing powders, the metal category is anticipated to dominate the market. The fiercely competitive industry is anticipated to attract a number of new competitors, spurring development and expansion.
