3D Printing Powder Market Industry To Reach A New Threshold of Growth By 2026 | Arcam AB, Hoganas AB, 3D Ceram
3D printing powders have a characteristic packing density and specific morphology that ensure uniformity and good flow in 3D printing of different objects.
Dallas, United States – April 22, 2021 /MarketersMedia/ —
The 3D printing powder market is projected to cross more than USD 1 billion by the end of 2025 growing at CAGR 21% over the forecast period. In recent years the demand for 3D printed products has also swelled with the rapid growth of the 3D industry. Aerospace and defense industry is one of the major users of 3D printing powder material such as airbuses, missiles, engine parts, etc. Application of 3D material ensures excellent strength and longevity of the finished products. also helping in weight-reduction of the substrate on which it is being used and quick production of products based on new designs.
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3D printing powder is used in a variety of additive manufacturing processes, with the majority of applications in the automotive, aerospace, and defense industries. The hardware used in 3D printing assembles an object by sticking together successive layers of very fine powder. Powder adhesion in several ways is highly used to 3D print a broad variety of materials. Nylon, cobalt chrome, ceramics, wax, copper, bio-plastics, stainless steel, and titanium are among these materials. 3D printing is a more efficient method of producing items, but it is costly due to high material prices, which is a major business constraint. These high prices are due to the higher purity and composition requirements needed for 3D printing. Metal materials for 3D printing cost about US$ 500.0 per kg on average, making them prohibitively expensive to use in general applications because the end product prices are too high when compared to competing products.
Increasing applications for rapid prototyping, as well as the demand in the aerospace sector and technical advances in automobiles in developing regions, are expected to drive the demand for 3D printing powder in the coming years. Due to the highly established automotive sectors in Korea, Japan, China, and India, as well as ongoing investments in the area to advance medical and aerospace technologies over time, Asia-Pacific is expected to dominate the global market.
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Transition ducts, aircraft landing gear rotor blades, engine parts, carrier rings, spray bars; flame holders, liners, and corrosion-resistant components are some of the components that 3D printing powder can be used for in the aerospace industry. Likewise, the aircraft industry is one of the early adopters of 3D printing technology is the aircraft industry. For manufacturing complex components, the technology is extremely useful. It allows designers to create the best parts at a lower cost and with greater production viability. Many aircraft components, such as jigs, wings, and engine parts, are made using 3D printing materials, such as metals. Titanium materials are commonly used as 3D printing materials in the aerospace industry because they have excellent mechanical properties and can be produced with high dimensional precision.
The COVID-19 pandemic has harmed demand for 3D printing materials in a variety of industries, including aerospace and defense, automotive, manufacturing, and others. COVID-19 has a major impact on these sectors. The supply chain disruption has resulted in raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff, forcing aircraft and car manufacturers to operate at zero or partial capacity, resulting in lower 3D printing material demand.
The growth of the market in the years to come will be driven by growing investments of technology start-ups and government agencies. Key players operating in this market comprises of Sandvik Materials Technology, GKN Hoeganaes Corporation, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, Hoganas AB, Arkema, EOS GmbH Electro Optical Systems, 3D Ceram, Lithoz GmbH, GKN PLC
Key segments across 3D printing Powder market
Type Overview, 2018-2025, (USD Million)
Metal
Plastic
Ceramic
Application Overview, 2018-2025, (USD Million)
Aerospace & Defense
Healthcare
Automotive
Other
Regional Overview, 2018-2025, (USD Million)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Central & South America
Brazil
Argentina
Rest of Central & South America
Middle East & Africa
Saudi Arabia
Rest of MEA
Table Of Contents:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Outlook
Chapter 5. 3D printing Powder Market by Type Overview, 2018-2025
Chapter 6. 3D printing Powder Market by Application
Chapter 7. 3D printing Powder Market By Region
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
9.1. Sandvik Materials Technology
9.2. Hoeganaes Corporation
9.3. Carpenter Technology Corporation
9.4. LPW Technology Ltd.
9.5. Arcam AB
9.6. Hoganas AB
9.7. Arkema
9.8. EOS GmbH Electro Optical Systems
9.9. 3D Ceram
9.10. Lithoz GmbH
9.11. Other Companies
Chapter 10 Appendix
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