3D printing powder is a process of manufacturing wherein the raw material is used in powder form. The powder consists of either metal or plastic. The gas atomization is a method used in the manufacturing of most metal powders such as iron, nickel, cobalt, aluminum, and titanium alloys.
According to the research report, ‘3D Printing Powder Market: Segmented by Type (Metal Powder, Plastic Powder, Ceramic Powder, Other Powders); By Application (Aerospace Defense, Automotive, Medical Dental, and Others) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030’, states that Sandvik AB, Arkema, Carpenter Technology Corporation, Advanced Powders and Coatings Inc., Carpenter Technology Corporation, LPW Technology Ltd., Hoganas AB, GKN plc, Metalysis, and Arcam AB are some of the key competitors operating in the 3D printing powder industry. The report includes company profiling of each company listed above based on fundamental parameters like a company overview, its performance, production capacity, key business offerings, revenue, key business strategy, financial performance, cost-benefit analysis, recent developments, regional presence, and SWOT analysis. This report also reviews how far along the player stands in the competition with the products they offer.
As stated above, the 3D printing powder industry is classified into different segments. Within the category of application, the aerospace and defense industry sector are expected to acquire the highest market share due to the increasing use of 3D printing in the production of jet engines and engine components. Under the market segmented on type, the metal sector generates the maximum revenue because of attributes like solid structure and corrosion resistance, thus boosting the demand for 3D printing powder specifically in the fields of aerospace, military, and automobiles. The report presents an inclusive analysis of the market type by region focusing on its sales, sales volume & revenue forecast. The 3D printing powder market is divided into five major regions that include - North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The statistics presented in the report identify the Asia pacific region as the largest market for 3D printing powder. Each region is further segmented into sub-regions and is studied thereafter.
In addition to that, a comprehensive study of the market is made taking into consideration a variety of factors, such as demographic conditions, business cycles in a particular country, market-specific microeconomic impacts, and many more. It also analyses the research methodology and assumptions through various functional and analytical methods. The report also has dedicated sections covering several aspects like market dynamics, historical and current market trends, impact on the product industry chain based on the upstream and downstream markets, and region-based synopsis. It also discusses several growth drivers, challenges, and restraints of the market.
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In the upcoming years, the global 3D printing powder industry will continue to increase and is anticipated to grow at a significant value in terms of revenue in USD million by the end of the year 2030 at a double-digit CAGR during the evaluation period (2020-2030). The growing necessity for technological advancements in 3D printing, and escalation in areas of application of 3D printing mechanization are some of the critical factors in raising the demand globally.
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Global 3D Printing Powder Market: Ken Research
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