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The 3D printing powder market share is expected to increase by USD 1.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.69%.
This 3D printing powder market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D printing powder market segmentation by type (metal powder, plastic powder, and ceramic powder) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The 3D printing powder market report also offers information on several market vendors, including Arkema SA, Astro Alloys Inc., BASF SE, Carpenter Technology Corp., EOS GmbH Electro Optical Systems, Equispheres Inc., ERASTEEL, Hoganas AB, Melrose Industries Plc, Metalysis Ltd., PROTIQ GmbH, RAG-Stiftung, Renishaw Plc, Sandvik AB, SMS group GmbH, Stanford Advanced Materials, The ExOne Co., Xi'an Sailong Metal Materials Co. Ltd., General Electric Co., and voestalpine AG among others.
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Technological advancement is notably driving the 3D printing powder market growth, although factors such as porosity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D printing powder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 3D Printing Powder Market Driver
One of the key factors driving the growth of the global 3D printing powder market growth is technological advancement. Important patents for powder-based laser sintering technology, which is one of the low-cost technologies that use metal powders to create strong products, expired in 2014. With the expiration of several essential patents, powder-based laser sintering technology has become available to many medium and small-scale enterprises, resulting in an increase in the demand for powder-based printers. For instance: Sandviken, Sweden, 20 April 2021 Sandvik and BEAMIT introduce the market to 3D printed super duplex - Osprey 2507 components outperform a number of conventional competitors. On July 1, 2021, GKN Additive announced the creation of a 3D printing technology for low alloy dual-phase steels. Such factors are expected to drive the growth of the market in focus during the forecast period.
Key 3D Printing Powder Market Trend
Another key factor driving the global 3D printing powder market growth is the increased use of 3D-printed objects and printing powders. The aerospace and defense industry is a major user of 3D printing powders. Missiles, airbuses, and engine parts are among the applications of 3D printing powders in the defense and aerospace industry. In addition, when compared to conventional materials, automotive components generated using 3D printing powders display superior mechanical strength and enhanced capabilities. Automotive manufacturers utilize 3D printing powders to increase component toughness and robustness in tooling and prototype work. 3D printing powder is also used to manufacture a variety of consumer items, including jewelry, belts, watches, cosmetics, and footwear. Hence the market in focus is expected to grow during the forecast period.
Key 3D Printing Powder Market Challenge
One of the key challenges to the global 3D printing powder market growth is the porosity. High porosity is a common problem with 3D printed metal objects, which develops during the printing process as microscopic holes and cavities are formed within the object. These minuscule holes can produce low density- the more pores there are, the lower the density of the object. They can also directly impact a part's mechanical qualities, making it more prone to fractures or other damage, especially when subjected to high loads. Such factors are expected to negatively impact the market in focus during the forecast period.
This 3D printing powder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global 3D printing powder market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D printing powder market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the 3D printing powder market encompasses successful business strategies deployed by the key vendors. The 3D printing powder market is fragmented and the vendors are deploying growth strategies such as investment in research and development to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 3D printing powder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 3D printing powder market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for 3D printing powder in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The technical innovation, well-established infrastructure, and high investment capacity will facilitate the 3D printing powder market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted various markets including the market in focus. It led to a halt in manufacturing activities and disrupted the supply of raw materials, which hampered the trade cycle. As a result, the demand for 3D printing powders decreased significantly in the previous fiscal quarter, and similar trends are projected in the coming fiscal quarter.
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The 3D printing powder market share growth by the metal powders segment will be significant during the forecast period. The high demand for metal powders in sectors such as the automobile sector will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D printing powder market size and actionable market insights on post COVID-19 impact on each segment.
3D Printing Powder Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.69% |
Market growth 2022-2026 |
$ 1.67 billion |
Market structure |
Fragmented |
YoY growth (%) |
17.65 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Arkema SA, Astro Alloys Inc., BASF SE, Carpenter Technology Corp., EOS GmbH Electro Optical Systems, Equispheres Inc., ERASTEEL, Hoganas AB, Melrose Industries Plc, Metalysis Ltd., PROTIQ GmbH, RAG-Stiftung, Renishaw Plc, Sandvik AB, SMS group GmbH, Stanford Advanced Materials, The ExOne Co., Xi'an Sailong Metal Materials Co. Ltd., General Electric Co., and voestalpine AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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