3D Printing Powder Market Scope
The material or substances used in 3D printing machines as product ingredients similar to inks in 2D printers are included in 3D printing powder. These materials can be metals, plastics, ceramics, other food ingredients and many others. 3D printing technique is used in rapid prototyping and additive manufacturing. Thus this market has witnessed a significant growth over the past couple of years and the major part of overall 3D printing market is based on powders more than filaments.
According to AMA, the Global 3D Printing Powder market is expected to see growth rate of 24.0% and may see market size of USD2.51 Billion by 2026.
Very few number of manufacturers have grabbed almost 60% of the market share. Thus, the 3D printing Powder Market will show market oligopoly. Though, there are number players trying to enter the market which will strengthen the competitive rivalry. Research Analyst at AMA estimates that French, United Kingdom and United States Manufacturers will contribute to the maximum growth of Global 3D Printing Powder market throughout the predicted period.
LPW Technology (United Kingdom), EOS GmbH Electro Optical Systems (Germany), Arkema (France), Erasteel (France), Carpenter Technology (United States), Arcam (United Kingdom), Hoganas AB (Sweden), GKN (United Kingdom), Exone (United States) and Sandvik (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are 3D Systems (United States), Airwolf 3D (United States) and Desktop Metal (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global 3D Printing Powder market by Type (Metal, Plastic, Ceramic and Others), by Application (Aerospace & Defense, Automotive, Medical & Dental and Others) and Region with country level break-up. On the basis of Type, Metal are dominating the market in the year 2020
On the basis of geography, the market of 3D Printing Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 10th September 2018, an international engineering service provider "Renishaw" has launched new RenAM external powder silo integration from its dedicated additive manufacturing stand. For executing the same, the company has partnered with LPW Technology to integrate their PowderTrace hopper as an option on Renishaw AM machines.
Market Trend
- Adoption of 3D printing technique in Orthopedic Implants
- Increasing Usage in Automotive Spare Parts Manufacturing
- Introduction to 3D Printed Consumer Goods
- Customized Manufacturing according to Consumer
Market Drivers
- Rising demand in Aerospace and Defense Industries
- 3D printing powder estimates toughness and durability more efficiently
- Assists in Weight Reduction of Final Substrate
- Provides Cost Effective Solutions and Saves Cost
Opportunities
- Expansion of 3D Printing Industry in Asia Pacific Market
- Rising Urbanization Rate across the Globe
- Increased Productivity will Enable Manufacturers to Cope Up with the Fueling Demand
Restraints
- Higher Initial Investments
- Market is Concentrated to European and North American Market
- Higher Energy Consumption
Challenges
- Use of Plastic Substrates will hamper environmental stability
- Lack of availability Of 3D printing Powder across the globe
Key Target Audience
3D Printer and Filament Manufacturers, 3D Printer Distributors and Traders, Automobile Industry, Aerospace Industry, Government and Private Research Organisations and Others