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3D Printing Powder Market Analysis | 2023-2028
3D Printing Powder Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The 3D printing powder market was estimated at USD 1.2 billion in 2022 and is likely to grow at a CAGR of 27.1% during 2023-2028 to reach USD 5.8 billion in 2028.
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3D printing powder, also known as additive manufacturing powder, refers to a material that is used in powder bed fusion, as inks in the 3D printing method. It is made of fine metal, ceramic, or polymer particles that are used to construct three-dimensional things, layer by layer.
In powder-based 3D printing, individual powder particles are bound through controlled emission of energy. The energy can be either a laser, a narrow beam of UV light, or an electron beam. Metal, plastics, and ceramic are three significant types of powder used in 3D printing techniques.
The 3D printing powder market grew at a modest 0.6% year on year in 2020, due to the pandemic. The market saw an excellent resurgence in 2021, primarily propelled by the growing use of 3D printing products. Below given are a few more reasons behind its growth -
Recent Product Developments:
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Material-Type Analysis |
Metal, Plastics, and Ceramic |
Metal is estimated to maintain its reign and continue to dominate the market. The plastic material category is expected to remain the second largest during the forecast period. |
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Metal-Type Analysis |
Steel, Nickel Alloys, Titanium Alloys, Aluminum Alloys, Cobalt Alloys, and Others |
Titanium alloys are expected to maintain their dominance, whereas aluminum alloys are likely to be the fastest-growing metal type over the next five years. |
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End-Use-Industry Type Analysis |
Aerospace & Defense, Medical, Automotive, Energy, and Others |
Medical is anticipated to remain dominant, whereas aerospace & defense will be the fastest-growing end-use industry over the next five years. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and the Rest of the World |
North America is likely to maintain its supremacy in the market, whereas Asia-Pacific is likely to be the fastest-growing region over the next five years. |
Based on the material type, the 3D printing powder market is segmented into metal, plastics, and ceramic. Metal is estimated to remain the most dominant material in the coming years. Easy to manufacture complex parts, manufacture precise and highly detailed objects, high strength and hardness with very low weight, and less material wastage are key advantages of metal 3D printing. The plastics material category is expected to remain the second largest during the forecast period.
Based on the metal type, the market is segmented into steel, nickel alloys, titanium alloys, aluminum alloys, cobalt alloys, and others. Titanium alloy is estimated to remain the most dominant metal type in the market till 2028. Titanium alloys are preferred for applications that require significant weight saving while maintaining high performance in end-use industries, such as aerospace, medical, automotive, and engineering industries. Aluminum alloys are likely to have the most impressive growth trajectory during the forecast period.
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Among the end-use industry type, the market is segmented into aerospace & defense, medical, automotive, energy, and others. Medical is expected to remain the largest and fastest-growing end-use industry type in the market during the forecast period. Key applications are surgical implants (e.g., cranial plates or hip joints), external prostheses, dental crowns & bridges, and removable partial dentures. It is also, used in the manufacturing of pharmaceutical drug formulations for clinical trials (small batch size).
In terms of regions, North America is expected to remain the largest market for 3D printing powder during the forecast period. The USA is the largest 3D printing market with the presence of major hardware, material, and software manufacturers in the country. Asia-Pacific is likely to grow at the fastest pace in the market over the next five years. China, Japan, and India are among the key countries to adopt 3D printing technology in the Asia-Pacific region.
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The market is fairly consolidated with the presence of some regional and global players. An inorganic growth strategy is preferred, especially by the leading players. Several crucial M&As led to several changes in the competitive landscape. The following are the key players in the 3D printing powder market.
Recent Market JVs and Acquisitions:
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
The 3d printing powder market is segmented into the following categories.
By Material Type
By End-Use Industry Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
3D printing powder, also known as additive manufacturing powder, refers to a material that is used in powder bed fusion, as inks in the 3D printing method. It is made of fine metal, ceramic, or polymer particles that are used to construct three-dimensional things, layer by layer.
The 3D printing powder market was estimated at USD 1.2 billion in 2022.
The 3D printing powder market is likely to reach USD 5.8 billion in 2028.
The 3D printing powder market is estimated to grow at a stunning CAGR of 27.1% by 2028. An increase in acceptance of 3D printing technology in different end-use industries, gradual recovery in air passenger traffic, increase in automotive production, and the growing medical devices market are likely to drive the demand for 3D printing powders in the coming years.
GKN Powder Metallurgy, Sandvik AB, Hoganas AB, Carpenter Technology Corporation, ATI, Arkema, BASF 3D Printing Solutions GmbH (A BASF SE Company), and EOS are the leading players in the market.
North America is estimated to remain dominant in the market in the foreseeable future. The growth of the market is driven by technological superiority, well-established infrastructure, and the high investment capacity of the region.
Asia-Pacific is estimated to remain the fastest-growing market for 3D printing powder in the foreseeable future. The key economies driving the region’s demand are China, Japan, and India.
Medical is expected to remain the largest end-use industry type over the next five years. Key applications include spine implants, skull plates, hip joints, prosthetics, other skeletal parts, and dental implants.
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