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

Coverage: 3D Printing Powder Market covers analysis by Type (Metal, Plastic, Ceramic, and Others), Application (Aerospace & Defense, Automotive, Medical, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010200
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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The 3D printing powder market is expected to grow from US$ 1.11 billion in 2022 to US$ 2.61 billion by 2028; 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 powder market 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 2028" 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.

Strategic Insights

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.


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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. 

3D Printing Powder Market

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.

World Geography
Strategic Insights

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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.


Market Research

chemicals-and-materials
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Sandvik AB
2. CRS Holdings Inc
3. GENERAL ELECTRIC
4. ERASTEEL
5. EOS
6. Arkema
7. ExOne
8. Höganäs AB
9. GKN Sinter Metals Engineering GmbH
10. SMS group GmbH
11. Astro Alloys Inc
12. Stanford Advanced Materials
13. Metalysis
14. BASF SE
15. Evonik
16. voestalpine High Performance Metals Corp
17. Xi'an Sailong Metal Materials Co., Ltd.
18. Metal Technology Co. Ltd.
19. Markforged
20.PROTIQ

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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