3D Printing Powder Market is Forecasted to Reach US$ 5.8 Billion in 2028, Says Stratview Research

The global 3D printing powder market is projected to witness a growth rate of 27.1% annually from 2023 to 2028, with an anticipated size of US$ 5.8 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global 3D printing powder market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 5.8 billion
Growth (CAGR): 27.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the 3D Printing Powder Market:

The global 3D Printing Powder market is segmented based on End-Use Industry type, Metal type, Material type, and Region.

Based on material type - The 3D printing powder market is segmented into metal, plastics, and ceramic. Metal is estimated to remain the most dominant material in the coming years. Easy to manufacture complex parts, manufacture precise and highly detailed objects, high strength and hardness with very low weight, and less material wastage are key advantages of metal 3D printing. The plastics material category is expected to remain the second largest during the forecast period.

Based on metal type - The market is segmented into steel, nickel alloys, titanium alloys, aluminum alloys, cobalt alloys, and others. Titanium alloy is estimated to remain the most dominant metal type in the market till 2028. Titanium alloys are preferred for applications that require significant weight saving while maintaining high performance in end-use industries, such as aerospace, medical, automotive, and engineering industries. Aluminum alloys are likely to have the most impressive growth trajectory during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/853/3d-printing-powder-market.html

Which Country Shows the Most Promising Growth Forecast and Opportunity?

In terms of regions, North America is expected to remain the largest market and it held a revenue share of more than 40% in 2022. The USA is the largest 3D printing market with the presence of major hardware, material, and software manufacturers in the country. Asia-Pacific is likely to grow at the fastest pace in the market over the next five years. China, Japan, and India are among the key countries to adopt 3D printing technology in the Asia-Pacific region.

3D Printing Powder Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing acceptance of 3D printing technologies across various end-use industries.
• An expected increase in the production rate of key programs (A320neo, B737 Max, A220, B787, and A350XWB).
• The rising need for products in the medical industry, especially in the dental segment.

Top Companies in the 3D Printing Powder Market:
Stratview Research has identified the following companies as the top market players.
• GKN Powder Metallurgy
• Sandvik AB
• Hoganas AB
• Carpenter Technology Corporation
• ATI
• Arkema
• BASF 3D Printing Solutions GmbH (A BASF SE Company)
• EOS
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the 3D Printing Powder Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.