About 3D Printing Metal Powder
The material or substances used in 3D printing machines as product ingredients similar to inks in 2D printers are included in 3D printing powder. 3D printing technique is used in rapid prototyping and additive manufacturing. Thus this market has witnessed a significant growth over the past couple of years and the major part of overall 3D printing market is based on powders more than filaments. Due to the rising demand from various end use industries market of the 3D printing metal powder is rising while due to the some factors like higher initial investment and and lack of availability of metal powder across globe, there is threatening to the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Very few number of manufacturers have grabbed almost 60% of the market share. Thus, the 3D printing Powder Market will show market oligopoly. Though, there are number players trying to enter the market which will strengthen the competitive rivalry. Analyst at AMA Research estimates that United States and United Kingdom Manufacturers will contribute the maximum growth to Global 3D Printing Metal Powder market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arcam (United Kingdom), Arkema (France), Carpenter Technology (United States), EOS GmbH Electro Optical Systems (Germany), Erasteel (France), Exone (United States), GKN (United Kingdom), Hoganas AB (Sweden), LPW Technology (United Kingdom) and Sandvik (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Incredible AM Pvt Ltd. (India) and NIHA Solutions (India).
Segmentation Overview
AMA Research has segmented the market of Global 3D Printing Metal Powder market by Type (Aluminum Alloy, Titanium Alloy, Copper Alloy and Others), Application (Medical, Automotive, Metallurgy, Military, Aerospace and Others) and Region.
On the basis of geography, the market of 3D Printing Metal Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by 3D Printing, the sub-segment i.e. Powder Bed Fusion will boost the 3D Printing Metal Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of 3D printing technique in Orthopedic Implants, Increasing Usage in Automotive Spare Parts Manufacturing and Introduction to 3D Printed Consumer Goods
Market Growth Drivers:
Rising Demand from Various End-User Industries and 3D Printing Metal Powder estimates toughness and durability more efficiently
Challenges:
Lack of availability Of 3D Printing Metal Powder across the globe
Restraints:
Higher Initial Investments and Market is Concentrated to European and North American Market
Opportunities:
Expansion of 3D Printing Industry in Asia Pacific Market, Rising Urbanization Rate across the Globe and Increased Productivity will Enable Manufacturers to Cope Up with the Fueling Demand
Market Leaders and their expansionary development strategies
In July 2022, Markforged announced the acquired metal 3D printer manufacturer Digital Metal. The company launched Digital Metal to break into the market to which they supply materials. They correctly saw the eventual transformation of industry towards metal additive manufacturing and evidently wished to ride that wave.
On 10th September 2018, an international engineering service provider "Renishaw" has launched new RenAM external powder silo integration from its dedicated additive manufacturing stand. For executing the same, the company has partnered with LPW Technology to integrate their PowderTrace hopper as an option on Renishaw AM machines.
Key Target Audience
3D Printer and Filament Manufacturers, 3D Printer Distributors and Traders, Automobile Industry, Aerospace Industry, Government and Private Research Organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.