3D Printing Powder Market Size 2024-2028
The 3d printing powder market size is forecast to increase by USD 1.93 billion at a CAGR of 20.62% between 2023 and 2028.
- The market is experiencing significant growth, driven by the increasing adoption of 3D-printed objects in various industries. This trend is fueled by the continuous advancement of 3D printing technology, which allows for the production of complex and intricate designs with high precision. Moreover, the use of 3D printing powders offers several advantages, including improved material properties such as increased strength and porosity, which are crucial in industries like aerospace and healthcare. However, the market is not without challenges. One major issue is the high cost of 3D printing powders, which can hinder widespread adoption. Additionally, ensuring consistent powder quality and preventing contamination during the printing process are ongoing challenges.
- To capitalize on market opportunities and navigate these challenges effectively, companies must focus on innovation, collaboration, and cost reduction strategies. This includes investing in research and development to improve powder quality and reduce costs, as well as exploring partnerships and collaborations to share resources and expertise. By staying abreast of market trends and addressing these challenges head-on, companies can position themselves for long-term success in the dynamic and growing the market.
What will be the Size of the 3D Printing Powder Market during the forecast period?
- The market is experiencing significant advancements in various manufacturing techniques, including grit blasting, electron beam melting, and deburring. These processes enhance the build surface preparation and improve the quality of parts produced. Titanium and filled composites are popular choices for powder-based additive manufacturing due to their high strength and versatility. Sacrificial support structures and vacuum processes are essential for producing complex geometries and intricate designs. Energy sources like particle accelerators and sensors play a crucial role in optimizing the manufacturing process and ensuring consistent results. EBM and SLS technologies employ different methods, such as recoater blades and rollers, to distribute and melt the powder.
- Postprocessing techniques like heat treat, chemical milling, and hot isostatic pressing are essential for improving the mechanical properties of the final parts. Injection molding and band saw are traditional manufacturing methods that are increasingly being complemented by additive manufacturing technologies using TPU and nylon powders. The Additive Manufacturing Magazine covers the latest trends and innovations in this sector. The market is evolving with continuous research and development, focusing on improving the efficiency and reducing the production time of powder-based 3D printing processes. The buildup newsletter keeps industry professionals informed about the latest advancements and insights.
How is this 3D Printing Powder Industry segmented?
The 3d printing powder industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Type
- Metal powder
- Plastic powder
- Ceramic powder
- Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- Middle East and Africa
- APAC
- China
- South America
- Rest of World (ROW)
- North America
By Type Insights
The metal powder segment is estimated to witness significant growth during the forecast period.
Metal powders, derived from reducing metals into minute particles, serve as the foundation for the majority of 3D printing processes that manufacture metallic objects. Known as additive manufacturing (AM), this technique constructs parts and products layer by layer. The final product's characteristics depend on both the metal powder's properties and the utilized 3D printing technology. The manufacturing process of metal powders influences its particle shape and purity, leading to variations. Metal powders are extensively applied in heavy engineering and fabrication industries. This category holds a substantial market share. Titanium, a popular metal powder, is employed in aerospace, medical implants, and automotive sectors due to its high strength-to-weight ratio.
Thermoplastic powders, such as TPU, are used in producing shoe insoles and custom devices. Electron beam melting and laser beam melting are advanced technologies that provide high precision and excellent material properties. Sacrificial support structures and conformal cooled molds enable complex geometries and intricate designs. Postprocessing techniques like deburring, bead blasting, and grit blasting improve the surface finish. Metals like aluminum, steel, and nickel are commonly used in various industries, including automotive, aerospace, and energy. Inert gases, such as argon, are employed during the 3D printing process to protect the metal powder from oxidation. Heat treatment and hot isostatic pressing are essential post-processing steps to enhance the mechanical properties of the printed parts.
Filled composites, thermosets, and other advanced materials are increasingly being adopted to expand the application scope of metal 3D printing. The technology is being utilized in creating custom components for industries like automotive, medical, and aerospace, including turbine housings, fuel nozzles, drone engine components, and headlight heatsinks. In summary, metal powders play a crucial role in the additive manufacturing industry, offering various benefits and applications across numerous sectors. The technology's continuous advancements and expanding use cases underscore its significance in modern manufacturing.
Get a glance at the market report of share of various segments Request Free Sample
The Metal powder segment was valued at USD 350.60 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size of various regions, Request Free Sample
The market in North America is experiencing significant growth, with the US leading the charge. This expansion is driven by the region's technical superiority, well-established infrastructure, and high investment capacity. In various industries, such as healthcare and automotive, 3D printing powder is gaining popularity due to its enhanced precision and speed. Customized items, like bone prostheses and shoe insoles, are being manufactured using this technology. Continuous technological advancements are improving the speed, affordability, and efficiency of 3D printing powder. These advancements include the use of electron beam melting, vacuum, and heat treat processes, as well as the development of filled composites and thermoplastic materials like TPU.
Furthermore, companies in the market are increasing their investments in research and development activities, accelerating the implementation of 3D printing powder in diverse application areas. In the aerospace sector, 3D printing powder is being used to create complex parts, such as turbine housings and brackets, using technologies like selective laser sintering and laser beam melting. Conformal cooled molds and deburring techniques are also being employed to enhance the manufacturing process. In industries like medical, personal protective equipment, and HVAC components, 3D printing powder is being used to create custom devices and intricate designs, such as spine cages and headlight heatsinks.
In the automotive industry, 3D printing powder is being used to create custom parts, such as fuel nozzles and engine components for drones. The technology is also being used to create luxury goods, eyewear, and other consumer products, demonstrating its versatility. In the healthcare sector, 3D printing powder is being used to create custom medical implants and tools, as well as for chemical milling and injection molding processes. The market is expected to continue growing, with the use of energy sources like argon and inert gas, as well as postprocessing techniques like grit blasting and hot isostatic pressing, contributing to its expansion.
The market is also expected to see the development of new materials, such as thermosets and metals, further expanding its application areas. Overall, the market is poised for continued growth, driven by technological advancements, increasing investments in research and development, and the increasing demand for customized and complex parts in various industries.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in the adoption of 3D Printing Powder Industry?
- Technological advancement is the key driver of the market.
- The market is experiencing significant growth due to the adoption of advanced technologies and the expiration of crucial patents in the powder-based laser sintering technology. This low-cost method utilizes metal powders to manufacture robust products, making it increasingly popular among various industries. With the expiration of essential patents in 2014, this technology has become accessible to numerous medium and small-scale enterprises, leading to a surge in demand for powder-based 3D printers.
- This trend is expected to positively impact companies within the powder metallurgy sector in the upcoming years.
What are the market trends shaping the 3D Printing Powder Industry?
- Increased use of 3D-printed objects and printing powders is the upcoming market trend.
- The consumption of 3D-printed items has significantly grown in various sectors such as medical, aerospace and military, architecture, and automotive. Among these, the aerospace and defense industry is a major consumer of 3D printing powders. Applications of these powders include the production of missiles, airbuses, and engine parts, which require exceptional toughness and durability. The use of 3D printing powders in the aerospace industry not only reduces the weight of the substrates but also enables the quick manufacture of items based on innovative ideas.
- Another significant application of 3D printing powders is in the medical field, where they are used to create customized orthopedic implants. The medical industry benefits from the ability to modify implants to meet specific patient requirements, leading to improved patient outcomes. The use of 3D printing powders in both industries underscores their importance in delivering high-performance and customized solutions.
What challenges does the 3D Printing Powder Industry face during its growth?
- Porosity is a key challenge affecting the industry growth.
- The market faces a challenge due to the high porosity that develops in metal objects during the printing process. This issue arises from the formation of microscopic holes and cavities within the object, which decrease its density. The presence of these pores can significantly impact the mechanical qualities of the part, making it more susceptible to fractures and other damages, particularly under high loads. This issue may negatively influence the market's growth during the forecast period. Despite this challenge, the 3D printing industry continues to advance, offering numerous benefits such as design freedom, reduced material waste, and shorter production times.
- Companies are investing in research and development to address the high porosity issue and improve the density and mechanical properties of 3D printed metal parts.
Exclusive Customer Landscape
The 3d printing powder market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the 3d printing powder market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, 3d printing powder market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arkema Group. - The company specializes in supplying advanced 3D printing powders, including molecular sieve powder, such as Siliporite, for various industries. These high-performance materials enable superior product quality and innovation in additive manufacturing applications. Siliporite, a molecular sieve powder, is known for its exceptional properties, making it a preferred choice for numerous industries seeking enhanced performance in their 3D printing projects.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Arkema Group.
- Astro Alloys Inc.
- BASF SE
- Carpenter Technology Corporation
- Desktop Metal Inc.
- EOS GmbH
- Equispheres Inc.
- ERASTEEL
- General Electric Co.
- Hoganas AB
- Melrose Industries Plc
- Metalysis Ltd.
- PROTIQ GmbH
- RAG Stiftung
- Renishaw Plc
- Sandvik AB
- SMS group GmbH
- Stanford Advanced Materials
- voestalpine AG
- Xi'an Sailong Metal Materials Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The market is experiencing significant growth as various industries adopt this innovative technology for manufacturing complex components. One of the key drivers of this market is the use of advanced powder bed fusion technologies, such as Electron Beam Melting (EBM) and Selective Laser Sintering (SLS), which enable the production of high-performance parts in materials like titanium and thermoplastics. EBM and SLS technologies utilize fine powders as the building material, which are selectively fused together layer by layer to create intricate and precise components. The use of these technologies in industries such as aerospace, medical, and automotive is driving the demand for powders in various forms, including metals, thermoplastics, and composites.
Sensors and satellites are among the applications where 3D printing with powders is gaining popularity due to the ability to create lightweight and complex structures. For instance, sensors for space applications require high precision and durability, which can be achieved through the use of powders in 3D printing. Similarly, satellites' components, such as antenna structures and solar panels, can be manufactured using 3D printing with powders, offering significant weight reduction and improved performance. Another application area for 3D printing with powders is in the production of custom devices, such as shoe insoles, headlight heatsinks, and eyewear.
These industries require components with unique shapes and properties, which can be challenging to produce using traditional manufacturing methods. However, 3D printing with powders offers a flexible and cost-effective solution, allowing for the production of customized components with high precision and accuracy. The use of powders in 3D printing is also gaining traction in industries where high-performance materials are required, such as in the production of turbine housing and engine components. These components need to withstand extreme temperatures and pressures, which can be achieved through the use of advanced materials like filled composites and thermosets. Postprocessing plays a crucial role in the production of components using powders in 3D printing.
Techniques such as vacuum, heat treat, and deburring are used to improve the mechanical properties and surface finish of the components. These processes ensure that the final product meets the required specifications and performs optimally. The use of powders in 3D printing is not limited to traditional manufacturing industries. It is also gaining popularity in the production of luxury goods, such as jewelry and fashion accessories. The ability to create intricate designs and unique shapes using powders in 3D printing offers a significant advantage over traditional manufacturing methods, making it an attractive option for luxury goods manufacturers.
The market is expected to continue growing as more industries adopt this technology for manufacturing complex components. The use of powders in 3D printing offers significant advantages over traditional manufacturing methods, including the ability to produce complex shapes and structures, reduced material waste, and improved production efficiency. The evolution of 3D printing technologies, such as the development of new energy sources like lasers and electron beams, and the use of advanced materials like thermoplastics and metals, is driving the demand for powders in this market. Additionally, the increasing adoption of 3D printing in industries such as aerospace, medical, and automotive is expected to further fuel the growth of the market.
In conclusion, the market is experiencing significant growth due to the increasing adoption of this technology in various industries. The use of advanced powder bed fusion technologies, such as Electron Beam Melting and Selective Laser Sintering, is driving the demand for powders in the production of high-performance components. The ability to create complex shapes and structures, reduced material waste, and improved production efficiency are some of the advantages of using powders in 3D printing, making it an attractive option for manufacturers across various industries.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
139 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 20.62% |
|
Market growth 2024-2028 |
USD 1925.5 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
16.56 |
|
Key countries |
US, Germany, Canada, China, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this 3D Printing Powder Market Research and Growth Report?
- CAGR of the 3D Printing Powder industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the 3d printing powder market growth of industry companies
We can help! Our analysts can customize this 3d printing powder market research report to meet your requirements.