Powdered Material Based 3D Printer Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (Titanium, Aluminum, Nickel, Stainless Steel, Others), By Types (Binder Jet Printers, Powder Bed Fusion Printers), By Application (Aerospace, Medical, Energy, Automotive, Tooling And Prototyping, Other End Users), And By Geography - Forecasts From 2022 To 2027
- Published : Jun 2022
- Report Code : KSI061612111
- Pages : 125
Powdered material-based 3D printer market was evaluated at US$307.840 million for the year 2020 and is projected to grow at a CAGR of 26.18% to reach a market size of US$1,567.699 million by the year 2027.
Powder 3D printing is a prevalent method of additive manufacturing. Unlike FDM printers, which can usually only print with thermoplastics, powder-based printers can handle a broad range of materials, including plastic polymers, metals, silica, etc., making them highly versatile. Powder-based printers are known to have high levels of accuracy and can handle complex and smaller prints with ease, making them a lot more predictable. Recent advancements in the powder printing industry, such as the Sinterit Lisa X, which has been termed as the most prominent and fastest compact printer, help in driving the market. Another release by 6K Additive portrays their new Unimelt powder printing process showing the use of 91% less energy during production. The President of 6K Additive calls it a revolutionary step in developing environment-friendly printers. Because of its robustness, abrasion resistance, and enhanced durability, polyamide powder materials are also expected to develop significantly in the medical device manufacturing industry. However, powder-based prints are less dense than objects manufactured with injection moulding and are prone to shrinking and distortion. Powder-based prints also require a lot of post-processing and refinement since the print that comes out of the printer is usually coarse and rough.
The powder-based 3D printing market was severely hit during the COVID-19 pandemic. During this period, its primary market drivers, including aerospace, construction, automotive, marine, and jewellery, all dropped significantly and leading to the industry facing huge losses. Global supply lines were also affected, which led to an increase in the price of printers, as well as raw materials.
However, The COVID-19 pandemic opened up a few opportunities for the powder-based 3D printer market. After the pandemic, medical industries started to understand the importance of the powder-based printer market in the medical field. Medical companies have started to utilize 3D printers to test and produce medical equipment. Powder-based 3D printers have also been used to make prototypes for medical devices and equipment in recent times. When combined with materials like titanium, 3D printing has the potential to become the medical industry's go-to production technology for life-changing solutions. Dr. Harald Kissel, R&D Manager at Sandvik Additive Manufacturing, says that ‘titanium has great characteristics and is one of the few metals accepted by the human body, and 3D printing can swiftly produce solutions for an industry where responding quickly may be the difference between life and death.’
Technological innovations designed for efficiency
Powder-based 3D printing techniques are known for their versatility and economic nature. Due to the advancements in 3D powder printing, the costs of materials have gone down over the years. This has resulted in more efficient printing technology.
Glass is an essential material in a wide range of high-tech applications. Traditional glass shaping procedures are generally time-consuming, energy-intensive, and soon approach their limits for small and complex components. A new technology based on so-called glassomer materials developed by Kotz-Helmer and Rapp at the University of Freiburg's Department of Microsystems Engineering (IMTEK) in collaboration with the University of California at Berkeley in the United States has developed a novel process that can be used to quickly and precisely produce tiny components from transparent glass using micro 3D printing. Glassomer materials are made out of glass powder mixed with a unique plastic binder that allows the glass to be processed like plastic. In only a few minutes, this technique can print glass structures as tiny as 50 micrometres around the thickness of human hair. Components for sensors and microscopes are two examples of possible uses of this technology.
Sandvik has announced the release of 3D printed cemented carbide components as part of its additive manufacturing strategy. Sandvik is currently providing its 3D printed cemented carbide on a commercial scale, based on a unique powder obtained by Sandvik's patented method. It's also worth noting that the capacity to 3D print cemented carbide significantly reduces the manufacturing time. Manufacturing components used to take six to twelve months, but today it just takes a few weeks. Metal cutting, agriculture, food, and oil and gas are just a few sectors that employ cemented carbides.
Powdered Material Based 3D Printer Market Scope:
|Market size value in 2020||US$307.840 million|
|Market size value in 2027||US$1,567.699 million|
|Growth Rate||CAGR of 26.18% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Material Type, Types, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Sandvik AB, CRS Holdings Inc., Arcam AB (A subsidiary of General Electric), Arkema Group, LPW Technology Ltd, ERASTEEL, EOS Group, Höganäs AB, GKN Sinter Metals Engineering GmbH, Reade International Corp., 6K Additive|
|Customization scope||Free report customization with purchase|
- By Material Type
- Stainless Steel
- By Types
- Binder Jet printers
- Powder Bed Fusion printers
- By Application
- Tooling and Prototyping
- Other End Users
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the powdered material-based 3D printer market?
A1. The powdered material-based 3D printer market is projected to grow at a CAGR of 26.18% during the forecast period.
Q2. What will be the powdered material-based 3D printer market size by 2027?
A2. The global powdered material-based 3D printer market is projected to reach a market size of US$1,567.699 million by 2027.
Q3. What is the size of the global powdered material-based 3D printer market?
A3. Powdered Material Based 3D Printer Market was valued at US$307.840 million in 2020.
Q4. How is the powdered material-based 3D printer market segmented?
A4. The powdered material-based 3D printer market has been segmented by material type, types, application, and geography.
Q5. What factors are anticipated to drive the powdered material-based 3D printer market growth?
A5. Recent advancements in the powder printing industry, such as the Sinterit Lisa X, which has been termed as the most prominent and fastest compact printer, help in driving the powdered material-based 3D printer market.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Powdered Material Based 3D Printer Market Analysis, by Material Type
5.5. Stainless Steel
6. Global Powdered Material Based 3D Printer Market Analysis, by Application
6.6. Tooling and Prototyping
6.7. Other End Users
7. Global Powdered Material Based 3D Printer Market Analysis, by Types
7.2. Binder Jet Printers
7.3. Powder Bed Fusion Printers
8. Global Powdered Material Based 3D Printer Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Sandvik AB
10.2. CRS Holdings Inc.
10.3. Arcam AB (A subsidiary of General Electric)
10.4. Arkema Group
10.5. LPW Technology Ltd
10.7. EOS Group
10.8. Höganäs AB
10.9. GKN Sinter Metals Engineering GmbH
10.10. Reade International Corp.
10.11. 6K Additive
CRS Holdings Inc.
Arcam AB (A subsidiary of General Electric)
LPW Technology Ltd
GKN Sinter Metals Engineering GmbH
Reade International Corp.
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