Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of the "Non-woven adhesive tape Market - which is forecasted from 2022 to 2027”.
The primary factor influencing the growth of the 3D printing powder market is increased applications in the automotive, construction, and aerospace industries, as well as increased demand from the medical sector. Due to attributes like as high density, compressibility, good surface area, flowability, and thermal properties, 3D printing powders are becoming more popular in the construction and industrial industries.
As per the report, the market for 3D printing powder market is expected to grow at a faster pace.
One of the major drivers of the 3D printing powder market is the worldwide market expansion of 3D printing powder is its widespread use and application in the automotive and aerospace industries. The ability of 3D printing powder to produce car parts that are lighter and stronger is driving up demand for 3D printing powder in the automotive industry. The government's support for substantial investments and research in industrial technologies is also helping to boost the global market for 3D printing powders.
The 3D printing powder market's growth will be hindered due to the large investments required to fuel the market. COVID-19 impacted the market in a negative way due to the shutdowns of industries.
Based on product type, Plastic, metals, ceramics, and other materials are used to make 3D printing powder. Stainless steel, cobalt, nickel, and other metals can be further divided. Automobiles, airplanes, medical devices, and many other industries use 3D printing inks. Plastics earn the most revenue, followed by metals and ceramics. The automotive and aerospace sectors produce the majority of income from the application segment.
Based on application, there’s a growing demand in the automotive sector. 3D printing powder is used in a variety of additive manufacturing methods, with the majority of applications in the automotive, aerospace, and defense industries. The technology used in 3D printing assembles an object by adhering together successive layers of very tiny powder. Housing and brackets, turbochargers, tyre moulds, transmission plates, control valves and pumps, cooling vents, body panels, dashboards, seat frame prototyping, bumpers, and other engine components are among the applications for 3D printing powder in the automotive industry.
Based on Geography North America, South America, Europe, the Middle East, Africa, and the Asia Pacific are the regions that make up the Non-woven adhesive tape market. The market for 3D printing powders is predicted to increase dramatically in the Asia Pacific area. Asia-Pacific is expected to lead the global market because of the highly developed vehicle sectors in China, Korea, Japan, and India, as well as continued investments in the region to improve medical and aeronautical technologies throughout time. Growing aerospace and military sectors in China, Japan, Korea, and India, as well as expanding architectural and building industries in developing countries and a massive increase in the medical sector, are all expected to enhance the market for 3D printing powder in the future years.
As part of the report, the major players operating in the 3D printing powder market, that have been covered are Arcam AB, Arkema, BASF SE, Erasteel, Exone GmBH & GKN PLC.
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This analytic report segments the 3D printing powder market on the following basis: