Press release
3D Printing Powder Market 2020 Global Growth, Trends, Application and Forecast 2025 | Sandvik Materials Technology, GKN Hoeganaes Corporation, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, Hoganas AB, Arkema, EOS GmbH Electro Optical Sy
Compared with composites made from ordinary materials, automotive components produced by means of 3D printing powders have an excellent mechanical strength and other improved features. The market is projected to cross more than USD 1 billion by the end of 2025 growing at a CAGR of over 21%.Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/1278
The laser selectively scans cross sections formed by a 3D digital describing part of powdered material. It is anticipated that rising technological developments will drive this market growth. When the manufacturing costs decline, powder-based 3D printing is also applicable to other industries. This will also contribute to development in other applications including ornament printing and accessory printing.
The growth of the Asia Pacific printing powder market is mainly due to economic development and increasing technological investment in the region. In addition, rising demand from aero, pharmaceutical and automotive industry is complementing this phase. Rising rate of urbanization in the region would also boost the revenue for 3D printing powder market in the region.
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The global 3D printing powder is further sub-segmented into metal, plastic, and ceramic. Similarly, in terms of application the global 3D printing powder market is divided into aerospace & defence, healthcare, automotive, and others. In terms of geography, the global 3D printing ceramic is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe is one of the global manufacturing and commercial hub for powder metallurgy manufacturers. The manufacturers in this region have made large investment in the expansion of their capacities to meet the future demand.
The growth of the market in the years to come will be driven by growing investments of technology start-ups and government agencies. Key players operating in this market comprises of Sandvik Materials Technology, GKN Hoeganaes Corporation, Carpenter Technology Corporation, LPW Technology Ltd., Arcam AB, Hoganas AB, Arkema, EOS GmbH Electro Optical Systems, 3D Ceram, Lithoz GmbH, GKN PLC
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Key segments across 3D printing Powder market
Type Overview, 2018-2025, (USD Million)
Metal
Plastic
Ceramic
Application Overview, 2018-2025, (USD Million)
Aerospace & Defense
Healthcare
Automotive
Other
Regional Overview, 2018-2025, (USD Million)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Central & South America
Brazil
Argentina
Rest of Central & South America
Middle East & Africa
Saudi Arabia
Rest of MEA
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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