3D Printing Powder Market Size, Growth And Forecast Analysis...| MENAFN.COM

Thursday, 11 August 2022 04:51 GMT

3D Printing Powder Market Size, Growth And Forecast Analysis Report To 2026


(MENAFN- Ameliorate Digital Consultancy)

The 3D Printing Powder market research report talks about the historic and current developments that are driving the growth trajectory of this business landscape. In an effort to boost the stakeholder's profits, the document also highlights important trends and obstacles for different market segmentations. The detailed analysis of the market segmentations could allow stakeholders to understand possible expansion as well as revenue generating avenues prevailing in this business sphere. The document also delivers estimated market size, growth rate, and share during the study period. The study examines the pricing strategies, consumer behavior, and competitive environment found in this industry landscape.

Global 3D Printing Powder Market is valued approximately USD 412.22 million in 2018 and is anticipated to grow with a healthy growth rate of more than 24.30% over the forecast period 2019-2026. 3D Printing is the process of manufacturing a product by depositing material layer by layer. It is fundamentally additive rather than subtractive in nature. 3D printing powder is a raw material used in the 3D printing process. Powders made out of various materials like thermoplastics, metals, ceramics and biochemicals are used in 3D printing process to create desired products. Products manufactured out of 3D printing are weight saving and requires less time to manufacture when compared to traditional methods of manufacturing. For instance, a 3D printed metal bracket of an aircraft has 50-80% less weight when compared to the one manufactured by conventional process. This can result in fuel saving of about USD 2.5 million yearly. Therefore, advantages such as light weight product manufacturing and time saving capabilities, 3D printing powder market is expected to witness a surging trend over the forecast period. Further, the technology enables engineers to design parts that incorporate complex geometry. The parts manufactured by 3D printing process are casted out in a single piece that results in high strength and durability. Moreover, 3D printing process requires less work force, produces less waste and has a less environmental impact than conventional machining. These advantages are increasing the adoption of 3D printing in several industries including aerospace, automotive and healthcare which is further resulting the 3D printing market growth. However, initial high cost of printers, requirement of skilled personnel to design 3D models and manufacturing job losses are some of the factors likely to restrain the 3D printing powder market growth over the forecast period.

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Global 3D Printing Powder Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of aerospace and automotive manufacturing giants across the region.

Major market player included in this report are:

Sandvik AB

Carpenter Technology Corporation

LPW Technology

Arcam AB

Erasteel

EOS GmbH Electro Optical Systems

Arkema

Exone GmbH

Hoganas AB

GKN PLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Metal

Plastic

Ceramic

By Application:

Aerospace & Defence

Automotive

Medical & Dental

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017

Base year – 2018

Forecast period – 2019 to 2026

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Goals and objectives of this Report

  • Understanding the opportunities and progress of Global Market highlights, as well as key regions and countries involved in market growth.
  • Study the different segments of the Global Market and the dynamics of Global Market in the market.
  • Categorize Global Market segments with increasing growth potential and evaluate the futuristic segment market
  • To analyze the most important trends related to the different segments that help to decipher and convince the Global Market.
  • To verify region-specific growth and development in the Global Market.
  • Understand the key stakeholders in the Global Market and the value of the competitive image of the Global Market leaders.
  • To study key plans, initiatives and strategies for the development of the Global Market.

Key questions answered in the report:

  • Which are the five top players of the Global Market?
  • How will the Global Market change in the next five years?
  • Which product and application will take a lion's share of the Global Market?
  • What are the drivers and restraints of the Global Market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Global Market throughout the forecast period?

 

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