3D Printing Powder Market size is forecast to reach US$1.7 billion by 2021, after growing at a CAGR of 20.6% during 2022-2027. 3D printing or additive manufacturing is done using the powdered form of the material by the printers. These powdered amorphous materials are used as inks for creating the 3D objects. The process of 3D printing is done by depositing the fine layer of powder and is based on a design cross-section that is selected and put through the laser exposer where the particle melts and sinter together. 3D printing can be done in a variety of ways, but the most common is Fused Deposition Modeling (FDM). Engineers and manufacturers in a variety of industries rely on selective laser sintering (SLS) 3D printing to create sturdy, functional items. A different process is used for 3D powder printing. The growth in the market is due to the increase in the usage of 3D printing powder in various sectors like, automotive, aerospace, defense, healthcare, dental, consumer products and others.
The coronavirus crisis led to some of the sharpest declines in recent times in demand. The Additive Manufacturing route has filled the immediate supply chain gap by providing substantial design customisation, a quick manufacturing route, eliminating lengthy assembly lines, and ensuring minimal manufacturing lead times, until mass production routes resumed in 2021. With the shutdown of critical facilities and dramatically increased demand, supply chains (SC) have been put to the test. Improved visibility and real-time mapping of supply and demand are becoming more common, which could be vital in satisfying critical supply demand.
3D Printing Powder Market Segment Analysis – By Type of Powder
Metal Powder held the largest share of 42% in the 3D Printing Powder Market in 2021. Metal powders are the primary base material for most 3D printing. The metals are reduced into powder form before producing the metallic part. The printing is done layer by layer and the properties of printing are defined by the characteristic of metal powder and process used. Metal Powder enhances certain properties like compressibility, sintering ability, green strength, density, flow ability, surface tension, chemical, mechanical, and thermal properties.
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3D Printing Powder Market Segment Analysis – By Process
Selective Laser Melting/ Direct Metal Laser Sintering process held the largest share of 36% in the 3D Printing Powder Market in 2021. In this process there is no requirement of different metal binder and phases. The growth in the process is because it is less time consuming and the elimination of cost treatment for debinding, post sintering and in-filtration. It can produce denser material parts and hence is mostly used in aerospace, defense, automotive and dentistry. Urbanization with a large network of connections has contributed to an increase in demand and material requirements. Many companies are spending a lot in R&D to generate the new cutting-edge processing aids and provide a smarter way for 3D Printing Powder.
3D Printing Powder Market Segment Analysis – By End Use Industry
Aerospace held the largest share in the 3D Printing Powder Market in 2021 and is expected to grow at a CAGR of 22.2% during the forecast period of 2022-2027. The rise in automobile and aerospace industry is due to the use of 3D printing powder in different components like engine, carriers, rotor blades, corrosion resistant components and many others. With the growing aerospace industry and its demand for 3D printing powder particularly in the regions of North America and Europe. The demand of 3D printing powder with different metals, ceramics, plastics and glass powder is expected to see an upsurge. Significant cost and lead-time reductions, novel materials and unique design solutions, mass reduction of components through highly efficient and lightweight designs, and consolidation of multiple components for performance enhancement or risk management, e.g. through internal cooling features in thermally loaded components or by eliminating traditional joining processes, are all fundamental opportunities for metal additive manufacturing in aerospace applications. Medical Industry is also dominating the market especially the dental segment as the use of 3D printing is increasing day to day. The decrease in technological price is leading to the use in several other industries. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market.
3D Printing Powder Market Segment Analysis – Geography
Asia-Pacific (APAC) dominated the 3D Printing Powder Market in the year 2021 with a market share of up to 42%, followed by North America and Europe. APAC is set to continue to be one of the largest and fastest growing automobile markets globally. In APAC, China, India, Korea, and Japan are driving much of the 3D Printing Powder Market. Of the five fastest growing regions in 3D printing powder sector, other than U.S. all are Asian countries including China and India who majorly drive the demand for 3D printing powder on different material in these regions. The rise in the medical sector in these regions is also dominating the market as the countries are developing the medical technologies for different applications like hearing aids, orthopedic, tooth crowning and others. The number of manufacturing units that have illuminated the 3D printing powder’s growth sharply in APAC region because of the spread of 3D printing in the consumer goods market.
3D Printing Powder Market Drivers
Rise in Demand for 3D printing in different industries and Reduce Supply Chain Cost with Additive Manufacturing
The industrialization has led to the increase in demand for 3D printing powder in various industries for different purposes. The 3D printing powder was earlier used in the higher mechanical strength object like in the aerospace and automobile sectors. The development in the technology has led its way to enter different other industries like medical and healthcare, consumer goods and architectural industries. In Aerospace Industry, shrinking component from 73 components to one, it has a huge ripple effect throughout your entire supply chain. Consider a tighter and enhanced supply chain with a more reliable and constant production level as a result of part reduction. On the front end, a foundry is no longer required to make a metal product that is then transferred to a machine shop to be finished and shipped to its final destination.
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3D Printing Powder Market Challenges
High Cost Associated with the Metal Powder
The cost of making a metal part varies greatly depending on the process employed and the object’s complexity. Metal AM raw materials are frequently use in powder form and can be considered expensive, with prices easily exceeding €300 /kg ($342.6/Kg). Furthermore, the Additive Manufacturing (AM) technique necessitates exceptionally high-quality powder with precise particle size and no flaws in general. Continuous research and innovation are required to achieve these standards, which adds to the cost of metal powders used in 3D printing. On the other hand, as more powder providers enter the market, this cost is projected to fall in the coming years.
3D Printing Powder Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the 3D Printing Powder Market. Major players in the 3D Printing Powder Market include:
Acquisitions/Technology Launches/ Product Launches
In October 2019, Sandvik inaugurated an automated titanium plant and launched titanium powder for 3D printing or additive manufacturing. This is done because of the increasing demand for titanium powder for the 3D printing of titanium parts. This will increase the use of titanium in the different industries.
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