The global 3D printing powder market is likely to grow at over 20% CAGR through 2025, and reach a valuation of US$ 1.56 Bn by end of 2025.
Albany, NY -- (SBWIRE) -- 03/29/2018 -- A new comprehensive study titled "3D Printing Powder Market - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 - 2025" has recently been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global 3D printing powder market is likely to grow at over 20% CAGR through 2025, and reach a valuation of US$ 1.56 Bn by end of 2025.
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The report covers the global 3D printing powder market in detail, offering readers in-depth insights into the key drivers, restraints, opportunities, and trends that are shaping demand. The projections and forecasts offered in the report are based on robust a robust, in-house projections. The report also includes a detailed competitive landscape that profiles some of the leading players in the global 3D printing powder market.
According to the report, growing applications of 3D printing are the key factors that are driving the demand globally. Use of 3D printing powder is high in the defense sector, where it is used in the manufacture of engine parts and missiles. In addition to the defense sector, use of 3D printing powder is also growing in the medical device industry. Orthopedic implants manufactured with the help of 3D printing are cost-effective, which is fuelling adoption of 3D printing powder.
The report also projects demand for 3D printing powder to grow in the automobile industry. The mechanical properties of automotive components manufactured through 3D printing are higher. Further, 3D printed automotive components also offer a higher level of functionality, which is leading to growth of the market.
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The report segments the global 3D printing powder market into application, product and region. The application segment is further sub-segmented into medical, aerospace, automotive and other. The product segment is categorized into nickel, cobalt, stainless steel and others. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
According to the report, North America is one of the leading markets for 3D printing powder market, with US at the forefront of demand. The report further projects demand for 3D printing powder to grow at steady pace in Europe and Asia Pacific.
The report profiles some of the leading players operating in the market. Some of these players are Arcam AB, Carpenter Technology Corporation, Arkema, ERASTEEL, Hoganas AB, GKN plc, Sandvik AB, Metalysis and LPW Technology Ltd..
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