3D Printing Powder Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The 3D printing powder market is expected to grow from US$ 1.11 billion in 2022 to US$ 2.61 billion by 2031; it is estimated to grow at a CAGR of 15.2% from 2022 to 2031.

In 3D printing or additive manufacturing, the printers use the powder of a material. The powdered amorphous materials are used as inks for creating 3D objects. The 3D printing process is done by depositing a fine layer of powder and is based on a design cross-section selected and put through the laser exposer, where the particle melts and sinter together. 3D printing can be done in various ways, and Fused Deposition Modeling (FDM) is the most common. Engineers and manufacturers rely on selective laser sintering (SLS) 3D printing to create durable and functional items. The growth of the 3D printing powdermarket is attributed to the increase in the adoption of 3D printing powder in various sectors, including automotive, aerospace, defense, healthcare, dental, and consumer products.   

MARKET DYNAMICS

The increasing need for superior additive manufacturing technology for 3D printing is a major reason driving up demand for 3D printing powder, which in turn is propelling the market growth. Additionally, increasing applications for the automotive & aerospace sectors and rising demand from the medical sector are also propelling the 3D printing powder market growth. 3D printing powder finds applications in the automobile sector in turbochargers, housing and brackets, tire molds, transmission plates, control valves and pumps, cooling vents, dashboards, seat frame prototyping, bumpers, body panels, and other engine components. Further, increasing applications for rapid prototyping, also growing demand for the aerospace industry, and technological advancements in automobiles in developing regions are driving the demand for the 3D printing powder market during the forecast period.

MARKET SCOPE

The "Global 3D Printing Powder Market Forecast to 2031" report aims to provide an overview of the market with detailed market segmentation. It provides key statistics based on the performance of leading market players and offers major trends and opportunities in the market.

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MARKET SEGMENTATION

The global 3D printing powder market is bifurcated on the basis of type and application. Based on type, the market is segmented into metal, plastic, ceramic, and others. Based on application, the market is segmented into aerospace & defense, automotive, medical, and others.

REGIONAL FRAMEWORK

The global 3D printing powder market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The report covers an analysis and forecast of 18 countries across the world, along with trends and opportunities prevailing in these regions.

North America dominated the 3D printing powder market in 2021. The rise in investments in 3D printing industry by technologically advanced start-ups and government agencies in North America are anticipated to bolster the market growth during the forecast period. Moreover, increasing technological advancements in the 3D printing market are also likely to enhance the 3D printing powder market in the coming years. Moreover, the decline in development costs will lead to a rise in the availability of powder-based 3D printing. In addition, other applications such as consumer durable goods, accessories, and ornamentation are also expected to increase demand for the 3D printing powder. 

Source: The Insight Partners Analysis

The report analyzes the factors, such as drivers, restraints, opportunities, and future trends, impacting the 3D printing powder market. It also provides an exhaustive Porter's five forces analysis of the factors influencing the market in these regions.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 pandemic severely affected many industries. The imposition of lockdown temporarily discontinued various manufacturing activities, resulting in a decrease in supply of raw material, which negatively impacted the 3D printing powder market. The market's end-user industries, from aerospace, oil, and gas to medical, were hampered due to the pandemic. However, to overcome the shortage of medical equipment and protective clothing, many countries adopted 3D-printed products. For instance, in September 2021, the US Food and Drugs Administration started working with the NIH, VA, and America Makes to support non-traditional manufacturing approaches, such as 3D printing. Low-cost desktop 3D printers allow economic 3D models and guides but have fewer quality approvals.

To detect SARS-CoV-2 infection during its early stages, the nasopharyngeal (NP) swab was important equipment to collect nasal epithelial mucosa for testing. During the pandemic, the demand for nasopharyngeal swabs was unpredictably increased. Mass production of new swabs was made with the help of 3D printing. Further, the US government approved the use of 3D printing technology to manufacture medical equipment and safety kits. Increased demand for 3D printing powder from the pharmaceutical industry is expected to boost the growth of the 3D printing powder market during the forecast period.

MARKET PLAYERS

Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Acquisitions, partnerships, and collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved the way for business expansion and the customer base of market players. Market players are anticipated to experience lucrative growth opportunities in the coming years due to the rising demand for 3D printing powders.

The report includes key company profiles operating in the 3D printing powder market, along with their SWOT analysis and market strategies. It also focuses on leading industry players' information, such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.

Key Companies Operating in the 3D Printing Powder Market

• Nippon Gases
• Erasteel
• Stanford Advanced Materials  
• Höganäs AB
• GKN Sinter Metals Engineering Gmbh
• Sms Group Gmbh
• Astro Alloys Inc
• Evonik Industries AG
• Sandvik AB
• Markforged

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

3D Printing Powder Report Scope