The 3D printing powder market is expected to grow from US$2.822 billion in 2025 to US$7.948 billion in 2030, at a CAGR of 23.01%.
The use of powder in 3D printing is such that a computer-controlled device uses powder fed into 3D printers to create three-dimensional objects. 3D printing, also known as additive manufacturing, entails building successive layers of raw materials until the desired shape is achieved. Pure metals such as platinum, gold, silver, and palladium are commonly utilized to create various types of 3D printing powder. The need for 3D printing powders is increasing in the construction and manufacturing industries due to qualities such as high density, compressibility, good surface area, flowability, and thermal properties showcased by 3D printing powders. The wide utilization and application of 3D printing powder in the automobile and aerospace industries are some of the major factors driving the market growth of 3D printing powder globally. The ability of 3D printing powder to manufacture vehicle parts that possess less weight and more strength is increasing the demand for 3D printing powder in the automobile industry. The support offered by the government for large investments and research in industrial technologies is also positively influencing the market growth of 3D printing powders globally.
The recent outbreak of the COVID-19 pandemic has had a huge impact on the growth of the global 3D printing powder market. Many sectors were badly affected by the COVID-19 epidemic. The government's mandated lockdowns and isolations have halted production and resulted in a shortage of raw materials, which has hampered the trade cycle. As a result of all of these causes, the COVID-19 pandemic has had a detrimental impact on the 3D printing powder business. In the pandemic condition, the industries that employ 3D printing powder, such as aerospace and oil and gas, were out of commission for a few months. As a result, the market has declined to a certain level in the COVID-19 pandemic period. The improved post-COVID conditions in industries and markets are expected to bring more opportunities and growth for the 3D printing powder market in the forecasted years.
The wide applications offered by 3D printing powders in the automobile and aerospace industries are one of the major factors driving the market growth of 3D printing powders worldwide. 3D printing powder is utilized in a variety of additive manufacturing methods, with the majority of applications in the automotive, aerospace, and defence industries. The gear used in 3D printing assembles an object by adhering together successive layers of very tiny powder. The strength and rigidity offered by 3D printing powders are increasing the demand for 3D printing powders in the manufacturing and design industries. The use of 3D printing powder ensures that the final items are extremely durable and long-lasting. 3D printing powder aids in vehicle weight reduction processes, which aids in improving vehicle performance and efficiency, which is increasing the demand for 3D printing powders in the automobile sector. 3D printing powders' features such as good size distribution, morphology, high density, compressibility, good surface area, flowability, and thermal properties, among others, are boosting market demand in the automotive, defence, and aerospace industries.
The large investments in the health sector and start-ups are also fuelling the market growth of 3D printing powders. During the projected period, an increase in investments by technologically advanced start-ups and government agencies is expected to boost market expansion globally. Furthermore, increased technological improvements in the 3D printing market are expected to boost the market for 3D printing powder. Moreover, as development costs decrease, powder-based 3D printing will become more accessible to other industries. Other uses, including consumer durable goods printing, accessories, and decoration, are also expected to increase. The developments in the health sector are also driving the market for 3D printing powder, as 3D printing is widely utilized in the medical field.
Geographically, the Asia Pacific region is expected to show a drastic growth in the market for 3D printing powders. Due to the highly developed automobile sectors in China, Korea, Japan, and India, as well as ongoing investments in the region to enhance medical and aeronautical technology throughout time, Asia-Pacific is likely to dominate the global market. Growing aerospace and defense industries in China, Japan, Korea, and India, as well as growing architectural and construction industries in developing nations and a huge expansion in the medical sector, are likely to boost the market for 3D printing powder in the coming years.
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