3D Printing Powder Market valuation to reach US$1,558.9 mn by 2025

The increasing popularity and adoption of 3D printing devices from various end-use industries is a prime factor augmenting the growth of the global 3D printing powder market. 3D printing in powder form is a manufacturing method wherein raw materials in powdered form are used for making additive printing. Unlike the usual 3D printing techniques and the filament materials used, powder-based printing uses plastic or metal for printing.

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Aerospace and Defense Segment Holding Dominant Shares Owing to Increasing Applications

In terms of segmentation by application type, the market is categorized into medical and dental, automotive, aerospace and defense, and others. Among these, the aerospace and defense segment is holding the dominant share on account of the increasing use of 3D printing powder for the production of engine components, jet engines, and airbus parts manufacturing.

According to Transparency Market Research, the global 3D printing powder market is projected to rise at a CAGR of 20.3% and a value of USD 313.7 Million earned in 2016 to reach USD 1,558.9 million by the end of 2025.

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Increasing Use of 3D Printing Devices in Medical Industry will Augment Growth of Market

3D printing powders are utilized in powder bed and inkjet 3D printing for quick prototyping and added substance fabricating innovation. The innovation is utilized to create parts a lot through portrayal by computerized information. ascend in ventures by mechanically progressed new companies and government organizations are expected to reinforce the market development during the conjecture time frame. Furthermore, increased mechanical headways occurring in the 3D printing market are additionally prone to upgrade the 3D printing powder market.

Ascend in several mechanical headways is expected to support the 3D printing powder market during the conjecture time frame. Pivotal licenses for powder-based laser sintering innovation, which is one of the reasonable advancements that have utilization of metal powders to deliver solid items, have terminated in 2014. This will expressively prompt the development of 3D printing powder during the gauge time frame. With the finish of these key licenses, the powder-based laser sintering innovation will be available to numerous medium and limited scope businesses, accordingly prompting ascent popularity for powder-based printers. Because of this load of exercises, makers in the powder metallurgy industry are expected to acquire the most, soon.

Despite this, powders utilized in added substance fabricating should be atomized for use in high accuracy designing applications. The stockpile of these specific powders stays a worry, which might control the development of the market. In addition, the significant expenses of metal powder and modern grade printers are likewise expected to altogether hamper the development of the market.

The decrease being developed costs will likewise prompt the expanding accessibility of powder-based 3D printing to different enterprises. This is relied upon to prompt development in different applications, for example, customer solid products printing, embellishments, and ornamentation. 3D printing powder is utilized in making muscular inserts in the clinical business, which can be altered by the necessities, thereby adding a boost to the overall growth of the market. Inserts made by utilizing 3D printing powder are likewise practical when contrasted and different sorts of muscular inserts accessible on the lookout. Auto parts fabricated by utilizing 3D printing powders display amazing mechanical strength and other changed functionalities as contrasted and parts produced using common materials. 3D printing powder can also be applied in tooling and prototyping occupations via auto producers to work on part's sturdiness and vigor. 3D printing powder is additionally devoured in the creation of a few customer merchandise like belts, gems, beauty care products, and footwear.

Region-wise, the global printing powder market was dominated by North America in 2016, followed closely by Europe, and then the Asia Pacific. These three regions collectively hold an estimated 85% share in the market. The market in the Asia Pacific is likely to emerge with the highest share on account of the increasing number of applications such as automotive, pharmaceutical, and aerospace.

Players operating in the 3D printing powder market are engaging in joinmt ventures and collaborative efforts to maintain a strong foothold in the overall market competition. Players are also investing heavily on research and development and geographical expansion of brand name to gather as much revenue as possible.

The information presented in this review is derived from Transparency Market Research titled, “3D Printing Powder Market (Product - Plastics, Metal (Stainless Steel, Cobalt, and Nickel), and Ceramic; Application - Automotive, Aerospace, and Pharmaceutical) - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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