3D Printing Powder Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

3D Printing Powder Market Outlook

3D Printing Powder Market will reach US$ 5.01 Billion in 2028 compared to US$ 1.86 Billion in 2022 according to Renub Research. 3D printing powder is a fine, granular material used as a raw material for certain types of 3D printing processes. The material used for 3D printing powder is usually composed of plastic, metal, ceramic, or other materials that users can transform into a powdery consistency. During the 3D printing process, the powder is spread evenly across the build platform, and a printer selectively fuses the particles to create a solid 3D object layer by layer. 3D printing powder can be a sustainable and cost-effective alternative for particular applications since the users can utilize the leftover powder for other purposes after printing.

Powder-based 3D printing uses various materials, such as metals, ceramics, plastics, and foodstuffs. It allows the creation of highly detailed and accurate parts with a smooth surface finish. Furthermore, the excess powder can be reused with this printing method, significantly reducing waste and making it a more environment friendly option. In addition, powder-based 3D printing enables the creation of complex geometries that are challenging or impossible to produce with traditional manufacturing methods. Therefore, it can be a cost-effective solution for creating small to medium-sized parts in low to moderate volumes, particularly compared to conventional manufacturing methods.

3D Printing Powder Market shall register a growth rate of 17.96% from 2022 to 2028

Significant advancements in 3D printing technology have increased demand for 3D printing powder as a suitable material. Furthermore, the growing demand for customized and complex parts has increased the demand for 3D printing powder capable of producing intricate and unique characteristics. In addition, 3D printing powder is more environmentally friendly than other manufacturing techniques because it reduces waste and reuses excess powder. 

3D printing technology is being increasingly adopted in various industries, such as aerospace, automotive, healthcare, and architecture, contributing to the growth of the 3D printing powder market. Developing new and improved powder-based 3D printing materials and techniques has increased the market's growth. These advancements have created more robust, durable, and versatile materials that find use in a wide range of applications.

Metal 3D Printing Powder has a Significant Market Share

Based on product type, the 3D printing powder market is segmented into Plastic, Metal, Ceramic, and others.The high demand for metal parts in aerospace, automotive, and healthcare industries drives the growth of the metal 3D printing powder market. These metal parts have superior properties, including increased strength and durability, due to advancements in 3D printing technology. Customization is also possible with metal 3D printing powder, increasing its adoption across industries. It is also a cost-effective and environment friendly option, with less waste and the reuse of excess powder.

3D Printing Powder has seen a steady rise in the Medical Sector through the years

The 3D printing powder market is used in sectors such as Automotive, Aerospace and Defense, Medical, Architecture, and Other end-use industries. 3D printing powder allows for the creation custom-made medical devices and implants tailored to a patient's unique anatomy, resulting in better treatment outcomes. 3D printing can produce medical devices and implants with high precision, improving their accuracy and effectiveness.

Furthermore, 3D printing is faster than traditional manufacturing methods, allowing for quicker production and delivery of medical devices and implants. 3D printing powder is available in various materials, including biocompatible materials such as titanium and cobalt-chromium alloys, which are suitable for medical applications. 3D printing powder is used extensively in medical research and development, creating innovative medical devices and implants.

North-American Region dominated the Market Share

Leading companies in the industry and high demand for its superior properties and benefits in the aerospace, automotive, and healthcare sectors are driving the growth and innovation of 3D printing powder in North America. In addition, government funding and initiatives for research and development have supported the growth of the 3D printing powder market in the region, fuelled by sustained demand. Moreover, the adoption of additive manufacturing, including 3D printing, has also increased in North America due to its cost-effectiveness, reduced waste, and improved production efficiency.

Key Players Analysis

The demand for 3D printing powder is increasing, leading to more competition in the market. As a result, new players are entering the market, and established companies are investing in research and development to stay ahead. In addition, technological advancements have enabled the development of new materials and methods for 3D printing, creating more opportunities for companies to offer specialized products and services and intensifying competition in the 3D printing powder market. Sandvik AB, Carpenter Technology, 3D Systems, Renishawplc.,Voxelijet AG, Stratasys Ltd., Arkema SA, and Evonik Industries are competing.

Renub Research report titled “3D Printing Powder Market Global Forecast by product type (Plastic, Metal, Ceramic, and Others), End-User (Automotive, Aerospace and Defence, Medical, Architecture, and other end-user industries), region (North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa), Company Analysis (Sandvik AB, Carpenter Technology, 3D Systems, Renishaw plc., Voxelijet AG, Stratasys Ltd., Arkema SA, and Evonik Industries.)" provides a detailed analysis of 3D Printing Powder Market.

Product type - Market breakup from 4 Viewpoints:

1.    Plastic
2.    Metal
3.    Ceramic
4.    Others

End-User - Market breakup from 5 Viewpoints:

1.    Automotive
2.    Aerospace and Defence
3.    Medical
4.    Architecture
5.    Other end-user industries

Region - Market breakup from 5 Viewpoints:

1.    North America
2.    Europe
3.    Latin America
4.    Asia-Pacific
5.    Middle East and Africa

Company have been covered from 3 Viewpoints:

•    Overview
•    Recent Developments
•    Revenue

Company Analysis:

1.    High Liner Foods Inc.
2.    Sandvik AB
3.    Carpenter Technology
4.    3D Systems
5.    Renishaw plc.
6.    Voxelijet AG
7.    Stratasys Ltd.
8.    Arkema SA
9.    Evonik Industries.

Report Details: