A large part of the 3D printers that are presently available in the global market are based on powders not filaments. 3D printing powder is digitally controlled layering used to create a 3D model from the powder supplied to 3D printers.
Dallas, United States - October 30, 2020 /MarketersMedia/ —
Compared with composites made from ordinary materials, automotive components produced by means of 3D printing powders have an excellent mechanical strength and other improved features. The market is projected to cross more than USD 1 billion by the end of 2025. Unlike filaments, several 3D printing machines on the market are 3D printing powder operated. Some of the most advanced technologies are used to layer 3D printing powders systematically before these are fed to the printer. Key materials used as 3D printing powders comprise stainless steel, copper alloys, diamond catalysts alloys and titanium alloys amongst others. Large scale adoption across end-use verticals to support market expansion in 3D printing powders market, an Adroit Market Research report opines.
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In recent years the demand for 3D printed products has also swelled with the rapid growth of the 3D industry. Aerospace and defense industry is one of the major users of 3D printing powder material such as airbuses, missiles, engine parts, etc. Application of 3D material ensures excellent strength and longevity of the finished products. also helping in weight-reduction of the substrate on which it is being used and quick production of products based on new designs.
GKN Additives Invests European Facility Expansion Projects to Comply with its Growth Objectives
Geographical expansion and facility improvisation continues to serve as apt market growth strategies by leading players in 3D printing powders market. In this line, GKN Additive has made a significant announcement to distribute its latest gas and water atomized 3D metal powders across the European belt to rope in healthy market stance. To meet its expansion objectives, GKN Additive will be expanding its production capabilities with new facility expansion to support local production and manufacturing. The move is highly futuristic and is anticipated to significantly diminish delivery charges and target larger customer base. This unique expansion program across Europe has been in place to comply with the soaring reliance of industrial 3D printing and additive manufacturing projects.
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Sandvik’s Sweden Facility Bags Certification to Support 3D Printing Powder Production for Medical Device Components
Further in 3D Printing Powder market, market participants are also expanding their product portfolio and are applying for various certification and recommendation to adhere with security and compliance prerogatives. In this light, Sandvik has recently announced that its Sweden based facility has received certification which will help the company expand production of 3D printing powders specifically for the medical devices sector. This Sandvik facility has also been driving investments towards automated infrastructure for operational efficiency and quality assurance. Developments as such are furthering large scale growth returns in 3D printing powders market in the foreseeable future.
The global 3D printing powder is further sub-segmented into metal, plastic, and ceramic. Similarly, in terms of application the global 3D printing powder market is divided into aerospace & defence, healthcare, automotive, and others. In terms of geography, the global 3D printing ceramic is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe is one of the global manufacturing and commercial hub for powder metallurgy manufacturers. The manufacturers in this region have made large investment in the expansion of their capacities to meet the future demand.
The growth of the market in the years to come will be driven by growing investments of technology start-ups and government agencies. Key players operating in this market comprises of Sandvik Materials Technology, GKN Hoeganaes Corporation, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, Hoganas AB, Arkema, EOS GmbH Electro Optical Systems, 3D Ceram, Lithoz GmbH, GKN PLC
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Key segments across 3D printing Powder market
Type Overview, 2018-2025, (USD Million)
Application Overview, 2018-2025, (USD Million)
Aerospace & Defense
Regional Overview, 2018-2025, (USD Million)
Rest of Europe
Rest of Asia-Pacific
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of MEA
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Source URL: https://marketersmedia.com/3d-printing-powder-market-by-industry-trends-demand-growth-factors-type-application-business-strategies-competitive-landscape-revenue-geography-forecast-2025/88983550
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