3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratview Research

Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.

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Key Report Highlights:
• Market Size by 2028: US$ 5.8 billion
• Growth Rate (CAGR): 27.1% (2023-2028)
• Forecast Period: 2023-2028
• Trend Period: 2018-2022
• Base Year: 2023
• Segments Covered: 3
• Number of Tables & Graphs: 100+

The report serves as a comprehensive decision-making tool for key stakeholders such as CXOs, business strategists, and investors, offering:
• Strategic Clarity: Insights into market trends, growth opportunities, and emerging challenges to streamline business strategies.
• Competitive Intelligence: Analysis of top players, their market positioning, and innovative strategies driving their success.
Future Readiness: A detailed outlook on evolving market dynamics, technological advancements, and industry disruptions.

Segment Insights on the 3D Printing Powder Market:

The report dives deep into the segmentation of the 3D Printing Powder market based on critical parameters:

By Material Type: Based on the 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.

By Metal Type: Based on the 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.

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Which Region 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:

The growth of the 3D Printing Powder market is driven by a combination of macroeconomic factors, evolving industry needs, and technological innovation. Companies are recognizing the need to adapt to shifting market dynamics and are increasingly investing in research, product development, and strategic alliances to maintain their market edge.

Some of the key factors producing measurable change in the market dynamics are as follows:
• 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:
The report profiles prominent companies operating in the 3D Printing Powder market, providing detailed insights into their market positioning, key strategies, and competitive advantages. Listed below are some of the key players.

• GKN Powder Metallurgy
• Sandvik AB
• Hoganas AB
• Carpenter Technology Corporation
• ATI
• Arkema
• BASF 3D Printing Solutions GmbH (A BASF SE Company)
• EOS

What Unique Insights Does This Report Offer?
This comprehensive report also answers the following critical questions:
• What is the projected market size and growth potential?
• Which regions and segments are most lucrative for investment?
• Who are the major players, and what are their strategies?
• What challenges and opportunities exist in the market?
• What key trends are shaping the market's future?

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About Us:
Stratview Research is a global market research firm specializing in aerospace, defense, chemicals, energy, and other critical industries. Our reports provide actionable insights, enabling businesses to make confident decisions in competitive markets. Offering highly tailored research solutions such as market assessment, opportunity screening, voice of customer analysis, and entry strategies, we help companies achieve their global and regional growth objectives.
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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.