Published on : Feb 09, 2018
Albany, New York, February 9, 2018: Owing to the increased number of 3D-printed items, the market is getting majorly advanced day by day. Powder-based printers are being used widely nowadays, mainly due to their features like durability and high compressibility, thereby prompting the market growth for 3D printing powders. According to a recent analysis, the market for 3D printing powders could increase at a promising 20.3% CAGR over the period between 2017 and 2025. If the prediction holds true, the market could attain a revenue opportunity of US$1,558.9 mn by 2025. To elaborate further, Market Research Hub (MRH) has freshly broadcasted this new study to its mega-repository, which is titled as “3D Printing Powder Market - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. This report provides comprehensive insights on the current as well as future growth prospects for the market. Apart from that, the study highlights the drivers, restraints, and opportunities expected to influence market’s growth during the forecast period.
Also known as additive manufacturing, the technique of 3D printing is mainly employed in end-user industries such as aerospace & defense, medical, and automotive, among others, with aerospace & defense being the largest user of 3D printing, followed by automotive. New applications are being continuously developed for 3D printers. It has been analyzed that growing use of 3D-printed items in these industries are boosting the revenue of the market. Most of the revenue is generated from automotive and aerospace industries. In addition, Airbuses, missiles, and engine parts are the major application of 3D printing powder in the defense and aerospace industry
Geographical Expansion & Segmental Analysis
In order to provide a comprehensive view of the global market, the study highlights market growth in some prime regions including North America, Europe, APAC, Latin America and MEA. Out of these, the 3D printing powder market is dominated by North America region. It held around 38% of the overall market shares in terms of revenue in 2016.
This research is further categorically divided into four key sections on the basis of product type, applications. On the basis of type, it covers plastic, metal, ceramic and others. Some of the key materials used in making 3D printing powder include tool steel, stainless steel, copper alloys, aluminum alloys, diamond catalyst alloys, titanium alloys, super alloys of chromium and nickel. Presently, an enhanced focus of organizations on research and development to launch technologically advanced products to suit the need of specific applications are helping the market progress.
In the later part, the report contains details about the competitive landscape of the market. This competitive landscape offers a dashboard view of the key companies along with market share and company profiles. Key players profiled in the report are Sandvik AB, Ltd., Advanced Powders and Coatings Inc., Hoganas AB, Arkema, GKN plc, Carpenter Technology Corporation, Arcam AB, ERASTEEL, LPW Technology Ltd., and Metalysis.
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