3D Printing Powder Market Size, Share, Trend, Dynamics, Forecast, & Growth Analysis- 2023-2028

The 3D printing powder market was estimated at USD 1.2 billion in 2022 and is anticipated to grow at an impressive CAGR of 27.1%, reaching an annual market size of US$ 5.8 billion in 2028.

What is 3d printing powder?

3D printing powder, also known as additive manufacturing powder, refers to a material that is used in powder bed fusion, as inks in the 3D printing method. It is made of fine metal, ceramic, or polymer particles that are used to construct three-dimensional things, layer by layer.

In powder-based 3D printing, individual powder particles are bound through controlled emission of energy. The energy can be either a laser, a narrow beam of UV light, or an electron beam. Metal, plastics, and ceramic are three significant types of powder used in 3D printing techniques.

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, offers 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.

By End-Use Industry Type

Among the end-use industry type, the market is segmented into aerospace & defense, medical, automotive, energy, and others. Medical is expected to remain the largest and fastest-growing end-use industry type in the market during the forecast period. Key applications are surgical implants (e.g., cranial plates or hip joints), external prostheses, dental crowns & bridges, and removable partial dentures. Also, used in the manufacturing of pharmaceutical drug formulations for clinical trials (small batches size).

Regional Insights

In terms of regions, North America is expected to remain the largest market for 3D printing powder during the forecast period. 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. Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Material Type

• Metal Powders
• Plastic Powders
• Ceramic Powders

By End-Use Industry Type

• Aerospace & Defense
• Medical
• Automotive
• Energy
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, The UK, France, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil and Others)

The market is fairly consolidated with the presence of some regional and global players. An inorganic growth strategy is preferred, especially by the leading players. Several crucial M&As led to several changes in the competitive landscape. The following are the key players in the 3D printing powder market.

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

Recent Market JVs and Acquisitions:

• In 2018, Carpenter Technology Corporation acquired LPW Technology for an enterprise value of US$ 81 million.

• In 2018, Hoganas AB acquired the Surface Technology & Ceramic Powders GmbH division of H.C. Strack.

• In 2021, EOS acquired a stake in Metalpine GmbH, a metal powder manufacturer based in Graz, Austria.

• In December 2022, Amaero International Limited signed a joint venture agreement with Rabdan Industries for additive manufacturing and powder production in Abu Dhabi, UAE.