Global 3D Printing Powder Market by 2027 – By Shape Type, Application, Product, and Region – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – Added “3D Printing Powder Market, Global Forecast, Coronavirus Impact, Industry Trends, Growth, Opportunities By Shape, Company Analysis” report ResearchAndMarkets.com to offer.
3D printing powder is a digitally controlled device that creates a three-dimensional object from the powder that is fed into 3D printers. 3D printing is called additive manufacturing, in which successive layers of raw materials are stacked until the thing takes the desired shape, i.e. a three-dimensional object. Fascinating pure metals such as platinum, gold, silver and palladium are used to create various types of 3D printing powders. On the other hand, technologies like laser sintering are used to create 3D prints in materials like polyamide, aluminide, rubber and titanium. According to the report, the 3D printing powder market is expected to offer $ 7.8 billion opportunity by 2027.
Carpenter Technology Corporation
3D Systems Corporation
Impact of COVID-19 on the 3D printing powder industry
The COVID-19 pandemic has hit many industries hard. It has halted the production process and created a shortage of raw materials, which is hampering the trading cycle. Because of all of these factors, the 3D printing powder market is also affected. The industries that use 3D printing powder, i.e. aerospace and oil and gas, were out of order for a few months in this pandemic situation. As a result, the demand for 3D printing powder has dropped significantly in 2020. However, after COVID, we expect the 3D printing powder industry to move north. According to our analysis, the global 3D printing powder market was valued at $ 1.6 billion in 2020.
Use of 3D printing powder in industry
Various industries such as aerospace, architecture, medicine, defense, and automotive have significantly increased their uptake of 3D printed products. Printing powders are widely used in these productions due to the increasing demand. One of the dominant consumers of 3D printing powder is the aerospace and defense industries.
The applicability of 3D printing powders in the defense and aerospace industries lies in rockets, air buses, and engine parts. The use of 3D printing powder ensures excellent toughness and durability of the end products, while at the same time helping to reduce the weight of the substrate on which it is used and to quickly manufacture products based on new designs.
Regional market for 3D printer powder
In our report, the global 3D Printing Powder Market studies all three major regional markets including North America, Europe, and Asia Pacific. The Asia-Pacific market expected a secure market opportunity and an increase in its share during the forecast period. Additionally, the expansion of the 3D printing powder market in the Asia-Pacific region is largely attributed to economic development and evolving technology finance in the region. In addition, increasing urbanization in the region would also increase the revenue for the demand for 3D printing powder in the region. According to the publisher, global demand for the 3D printing powder industry will grow at a staggering CAGR of 25.40% from 2020 to 2027.
Factors Driving 3D Printer Powder Market
The surge in investment by technologically advanced startups and government agencies is expected to bolster market growth globally over the forecast period. In addition, advanced technological advances in the 3D printing market are likely to improve the 3D printing powder market as well. In addition, the decline in development costs will also lead to an increasing availability of powder-based 3D printing for other industries. In addition, they expect growth in other applications such as printing of household goods, accessories and ornaments.
Key topics covered:
2. Research & methodology
4. Market dynamics
4.1 Growth drivers
5. Global 3D Printing Powder Market
6. Market Share – Global 3D Printing Powder Market
6.1 Form type
7. Mold Type – Global 3D Printing Powder Market
8. Application – Global 3D Printing Powder Market
8.2 Aerospace & Defense
8.4 Architecture / construction
9. Product – Global 3D Printing Powder Market
10. Region – Global 3D Printing Powder Market
10.1 North America
10.3 Asia Pacific
10.4 rest of the world
11. Company analysis
11.1 Sandvik AB
11.1.2 Latest development
11.2 Carpenter Technology Corporation
11.2.2 Latest development
11.3 3D Systems Corporation
11.3.2 Latest development
11.4 Renishaw PLC
11.4.2 Latest development
11.5 Voxeljet AG
11.5.2 Latest development
Please visit https://www.researchandmarkets.com/r/tchf8v for more information on this report