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3D Printing Powder Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 181 Views
 
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3D Printing Powder Market Analysis 2020-2027

3D printing powder is a digitally controlled device, which is used to manufacture a three-dimensional object from the powder fed into 3D printers. 3D printing is called as additive manufacturing, which is a process of stacking sequential layers of raw materials until the object takes the desired form i.e. a three dimensional object. The deposition of layers is administered by computer-aided software which houses a virtual 3D blueprint along with technical specifications required for fabrications, including measurements.

3D printing materials are majorly spherical in shape with particle sizes that vary between 50 μm and 150 μm. And these materials are primarily made of titanium alloys, diamond catalyst alloys, tool steel, stainless steel, aluminum alloys, copper alloys, , super alloys of chromium and nickel. Moreover, a big part of the 3D printers that are currently available in the global market are based on powders and not filaments.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Form, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Sandvik Materials Technology, GKN Hoeganaes, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, ErasteelKloster AB, Advanced Powders and Coatings Inc., Arkema, GKN plcandMetalysis.

 

Covid-19 Impact

Covid-19 pandemic has severely affected many industries. It has put a halt on the production process as well as led to shortage of raw materials. Thus, hampering the trade cycle. Due to all these factors, 3D printing powder market is also getting affected. The industries where 3D printing powder is used i.e. from aerospace and oil and gas to medical, are non-operation in nature in this pandemic situation. Therefore, the demand for 3D printing powder has declined to great extent over previous financial quarter and the similar trends are expected over the next financial quarter as well.

The Isinnova case in mid-March was most likely the first prominent example of 3D printing being used in the fight against Covid-19. When the supply of ventilator valves at Chiari Hospital, Brescia, ran dry, Fracassi and one of the start-up’s engineers went to the facility themselves and redesigned the necessary component inside six hours.

After completing this prototype, and rudimentarily testing the device on patients in the hospital, the company was able to print one valve every hour for just €1 ($1.08) each using a filament extrusion system — a 3D printing process that involves feeding pieces of plastic or metal filament through a heated nozzle layer by layer to create an object.

Top impacting factors: Market Scenario Analysis, Trends, and Drivers 

Rise in number of technological advancements is anticipated to boost the 3D printing powder market during the forecast period. Crucial patents for powder-based laser sintering technology, which is one of the inexpensive technologies that has usage of metal powders to produce sturdy products, have expired in 2014. This will expressively lead to the growth of 3D printing powder during the forecast period. With the end of these key patents, the powder-based laser sintering technology will be open to many medium and small-scale industries, thus leading to rise in demand for powder-based printers. Due to all these activities, producers in powder metallurgy industry are anticipated to gain the most, in the near future. 

Moreover, rise in investments by technologically advanced startups and government agencies are anticipated to bolster the market growth during the forecast period. In addition, augmented technological advancements taking place in the 3D printing market are also likely to enhance the 3D printing powder market.

Decline in development costs will also lead to rise in availability of powder-based 3D printing to other industries. This is expected to lead to growth in other applications such as consumer durable goods printing, accessories, and ornamentation.

However, powders used in additive manufacturing need to be atomized for use in high precision engineering applications. Supply of these specialized powders remains a concern, which may restrain the growth of the market. Moreover, high costs of metal powder and industrial-grade printers are also anticipated to significantly hamper the growth of the market.

Regional Analysis

The global 3D printing powder market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to the economic growth and increasing technology investments in the region. In addition, growing demand for automotive, aerospace, and pharmaceutical industries is further expected to complement growth of this region. Moreover, increasing rate of urbanization in the region would also drive revenue for the 3D printing powder market.

Key segments covered:

Segments

Sub segments

  Type

  • Metal Powder
  • Plastic Powder
  • Ceramic Powder
  • Other Powders

  Form

  • Powder
  • Filament

  Industry Vertical

  • Aerospace Defence
  • Automotive
  • Medical Dental
  • Construction
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global 3D printing powder market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global 3D printing powder market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global 3D printing powder market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global 3D printing powder market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the 3D printing Powder Marketresearch report:

  • What are the leading market players active in the 3D printing powder market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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