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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 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.
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.
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The Metal powder segment was valued at USD 350.60 billion in 2018 and showed a gradual increase during the forecast period.
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.
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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.
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.
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
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:
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.
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.
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Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.62% |
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Market growth 2024-2028 |
USD 1925.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
16.56 |
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Key countries |
US, Germany, Canada, China, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this 3d printing powder market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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