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The global 3D printing powder market is projected to reach USD 636.9 million by 2020, at a CAGR of 24.4% from 2015 to 2020. The increasing application of 3D printing in aerospace defense industry, majorly in the manufacturing of aircraft engines and components as well as the expiry of various technology patents are the major factors that are expected to drive the growth of the 3D printing powder market.
Aerospace defense segment is projected to contribute highest market share till 2020
The aerospace defense application segment accounted for the largest share of the 3D printing powder. This technology has the ability to bring revolution in the manufacturing industry. 3D printing has also been successively used in bones and dental crowns, cars and buildings, and so on. Factors, such as rapid technological developments in 3D printing, along with the expiry of process patents for powderbased technology are expected to drive the global 3D printing powder market.
North America is expected to be a major market for 3D printing powder till 2020
North America is projected to be a major market for 3D printing powder in 2015. However, the 3D printing powder market is expected to penetrate emerging countries as well, where manufacturing industries are not well developed. The 3D printing powder market in RoW is expected to grow at the highest CAGR between 2015 and 2020, with knowledge transfer taking place between industrial and emerging countries. The growth of the 3D printing powder market in AsiaPacific is expected to be driven by the increasing presence of manufacturers in this region.
Metal powders segment is projected to account for the highest consumption
The metal powders segment is projected to account for the highest consumption. Powderbased laser sintering technology is one of the affordable technologies, which uses metal powders to produce durable products. As many important patents related to this technology have expired in 2014, it is expected that the powderbased laser sintering technology will be now accessible to various number of manufacturers, thus fueling the demand for powderbased printers in the coming years. The reduction in technology cost is expected to lead to increasing demand from other applications.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
By Company Type: Tier 1 30 %, Tier 2 55% and Tier 3 15%
By Designation: C level 35%, Manager level 45%, Others 20%
By Region: North America 30%, Europe 40%, APAC 20%, RoW 10%
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by market players across different regions. Leading producers of 3D printing powders have been listed in the report with their recent developments and expansion strategies. Powder manufacturers including Sandvik AB Sweden, Carpenter Technology Corporation U.S., LPW Technology U.K., Arcam AB Sweden have been profiled in this report.
Reasons to buy this report:
This report covers the following key aspects:
What will be the market size by 2020 and what will be the growth rate
What are the key market trends
What is driving this market
What are the challenges that impact market growth
Who are the key players in this market
Global report covers key regions such as North America, Europe, and AsiaPacific with their major countries
Original Article: 3D Printing Powder Market by Type Metal, Plastic, Ceramic, by Application Aerospace Defense, Automotive, Medical Dental, Others, by Geography North America, Europe, AsiaPacific, RoW Global Forecast to 2020 Prices from USD $5650NEXT ARTICLE
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