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The 3D printing powder market size is forecast to increase by USD 1.92 billion, at a CAGR of 20.62% between 2024 and 2028. The 3D printing powder market is experiencing significant growth due to technological advancements and increased investments from technically advanced startups and government organizations. These developments have led to a decline in production costs, making 3D printing with powders more accessible and cost-effective. The use of advanced powders, such as metal and ceramic, expands the application scope of 3D printing technology in various industries, including aerospace, healthcare, and automotive. This trend is expected to continue as research and development efforts focus on improving the quality, strength, and versatility of 3D printing powders.
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Laser powder bed fusion technology has revolutionized manufacturing, utilizing energy sources like laser beams to melt and fuse metals such as titanium in 3D printers. This process enables intricate designs and precise build surface creation for components ranging from bone prostheses to turbine housing. Selective laser sintering and electron beam melting further expand capabilities in producing thermoplastic and thermoset parts, leveraging inert gases like argon in controlled environments. Postprocessing techniques such as heat treating, chemical milling, and grit blasting refine components after printing, ensuring quality control and durability. Applications span from medical implants and luxury goods to drone engine components and satellites, demonstrating the versatility of additive manufacturing in diverse industries. Innovations like conformal cooled molds and filled composites enhance performance in HVAC components and fuel nozzles, while sacrificial support structures facilitate complex geometries. As technologies advance, additive manufacturing continues to redefine production efficiencies and capabilities across custom devices and space exploration, contributing to advancements such as missions to Mars.
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.
Significant Market Trends
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.
Major 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 parts mechanical qualities, making it more prone to fractures or other damage, especially when subjected to high loads. Such factors can negatively impact the market in focus during the forecast period.
The 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 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, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE: The company offers 3D printing powders such as Forward AM Ultrasint powders.
The market research and growth report also 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 market 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 metal powder segment is estimated to witness significant growth during the forecast period. Metal powders are metals that have been reduced to tiny particles and are the initial base materials for the majority of 3D printing procedures that generate metallic objects. 3D printing, often known as additive manufacturing (AM), is the process of creating parts and products layer by layer. The qualities of the finished result are determined by both the properties of the metal powder and the type of 3D printing technology used. Powder characterization occurs depending on how it is manufactured, which might result in varying particle shape and purity.
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The metal powder segment accounted for USD 350.60 million in 2023 and showed a gradual increase during the forecast period. Metal powders are mostly utilized in heavy engineering and fabrication. The metal powder category accounts for a sizable portion of the market. Titanium powders (metal powders) are widely employed in the aerospace and military industries to manufacture aircraft engine components due to their strong structure and great corrosion resistance. Metal powders are frequently utilized in the automobile sector for tooling. Hence, the market in focus is expected to grow during the forecast period.
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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. North America is expected to be the largest and fastest-growing market for 3D printing powders, with the US being the leading nation with significant growth possibilities. The markets expansion is being pushed by the regions technical supremacy, well-established infrastructure, and high investment capacity. Due to its enhanced precision and speed, 3D printing powder is becoming more popular in various industries, including healthcare and automotive, where it aids in the manufacture of customized items. Furthermore, continuous technological advancements are leading to improvement in speed, affordability, and efficiency, and increasing investments in research and development activities by companies in the 3D printing powder market are hastening the processes implementation in a variety of application areas. The presence of significant important players in this area and the rise in strategic alliances and mergers and acquisitions among firms are expanding the product range. Such factors are expected to drive the growth of the 3D printing powder market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
1. 3D Printing Metal Materials Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, France - Size and Forecast
2. Metal Material based 3D Printing Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, France - Size and Forecast
3. 3D Printing Materials Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, UK, China, Germany, Canada - Size and Forecast
3D printing technology utilizes various tools and materials to create intricate objects from digital designs. Key components like the recoater blade, roller, and build plate facilitate the printing process, ensuring precise layering of materials such as nylon, TPU, and thermosets. Laser beams and inert gases like those used in laser beam and injection molding processes contribute to the fusion and shaping of materials, supported by heat treat techniques for enhancing durability. Simulation and sensors play critical roles in optimizing printing parameters and quality control, while post-processing methods such as bead blasting, tumbling, and deburring refine the final product. Advanced applications span diverse industries, from creating personal protective equipment and shoe insoles to eyewear and spine cages. High-performance components like jet engine turbine blades and headlight heatsinks exemplify the technology's versatility in manufacturing critical parts with precision and reliability, demonstrating its potential across aerospace, medical, and consumer sectors.
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 1.92 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.56 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, Germany, Canada, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, and Xi'an Sailong Metal Materials Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting 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 market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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
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