3D Printing Powder market to Surge at 23.22% CAGR, which is anticipated to reach USD 7665.87 million by 2030.

CRI Report has released a report titled “3D Printing Powder market – Analysis of Market Size, Share & Trends for 2020 – 2030 and Forecasts to 2030” which is anticipated to reach USD 7665.87 million by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 23.22% between 2020 and 2030. 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 forward. Increasing applications for the automotive and aerospace sectors, as well as rising demand from the medical sector, are also propelling the market growth.

The market report on the 3D Printing Powder market includes in-depth insights as:

• The estimated value of the market was USD 950.13 million in the year 2020.
• Region-wise, the market in Asia-Pacific which held the largest market share in the year 2020, emerged as a key market for 3D Printing Powder market.
• Based on types, the metal segment emerged as a key segment in the 3D Printing Powder market.
• Based on application, the aerospace & defense segment emerged as a key segment in the 3D Printing Powder market.
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“During the projected period, the 3D printing powder market is expected to benefit from an increase in technical developments. Important patents on powder-based laser sintering technology, which is one of the cheapest ways to make durable items out of metal powders, expired in 2014. During the projected period, this will have a significant impact on the growth of 3D printing powder. With the expiration of these major patents, numerous medium and small-scale companies are able to use powder-based laser sintering technology, resulting in an increase in demand for powder-based printers. Producers in the powder metallurgy sector are expected to benefit the most from all of these operations in the near future.”, according to this report

A digitally controlled device, 3D printing powder is used to create a three-dimensional item from powder fed into 3D printers. Additive manufacturing, often known as 3D printing, is the process of building successive layers of raw materials until the product takes the required shape, i.e. a three-dimensional object. Layer deposition is controlled by computer-aided software that includes a virtual 3D design as well as technical criteria for fabrications, such as dimensions. The majority of 3D printing materials are spherical in form, with particle sizes ranging from 50 to 150 micrometers. Titanium alloys, diamond catalyst alloys, tool steel, stainless steel, aluminum alloys, copper alloys, and superalloys of chromium and nickel are the most common materials used. Furthermore, a large portion of the 3D printers now on the market are based on powders rather than filaments.

3D Printing Powder market is segmented by application into aerospace & military, automotive, medical & dentistry, and others. The aerospace & defense industry segment is expected to continue dominating the market as major airbus manufacturing firms are growing their usage of 3D printing powder in the production of jet engines and engine components.

Key Players in the Market

• Some of the key players operating in the 3D Printing Powder market are Sandvik AB, Arkema, Carpenter Technology Corporation, Advanced Powders and Coatings Inc., Carpenter Technology Corporation, LPW Technology Ltd., Hoganas AB, GKN plc, Metalysis, Arcam AB.

Get Valuable Insights into 3D Printing Powder Market

In the new report, CRI Report thrives to present an unbiased analysis of the 3D Printing Powder market that covers the historical demand data as well as the forecast figures for the period, i.e., 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is by Type into Metal Powder, Plastic Powder, Ceramic Powder, Other Powders. By Application into Aerospace Defense, Automotive, Medical Dental, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.