According to the new market research report “3D Printing Metal Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global 3D Printing Metal Powder market size is projected to reach USD 1.44 billion by 2030, at a CAGR of 17.6% during the forecast period.
- Global 3D Printing Metal Powder Market Size (US$ Million), 2019-2030
Source: QYResearch, "3D Printing Metal Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global 3D Printing Metal Powder Top 16Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "3D Printing Metal Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of 3D Printing Metal Powder include Sandvik, Höganäs, Carpenter Technology, Jiangsu Vilory Advanced Materials Technology, Avimetal Powder Metallurgy Technology, etc. In 2023, the global top four players had a share approximately 26.0% in terms of revenue.
- 3D Printing Metal Powder, Global Market Size, Split by Product Segment
Source: QYResearch, "3D Printing Metal Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Iron-based Metal Powder is the largest segment, hold a share of 33.3%.
- 3D Printing Metal Powder, Global Market Size, Split by Application Segment
Source: QYResearch, "3D Printing Metal Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Aerospace and Defense is the largest segment, hold a share of 46.4%.
- 3D Printing Metal Powder, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global 3D Printing Metal Powder Market Report 2024-2030.
Market Drivers:
Additive manufacturing is not only a cool cutting-edge technology, but also a "potential stock" that is expected to revolutionize the manufacturing industry. It combines the advantages of high efficiency of mass production and flexibility of manual production, and can be introduced into the entire manufacturing process to achieve high efficiency and low cost in the manufacturing process. In recent years, the global additive manufacturing industry has shifted from a high-speed growth stage to a high-quality development stage. Additive manufacturing is considered to be one of the core elements of a new round of technological revolution and industrial change. QYR analysts said that although 3D technology is not as omnipotent as the news promotes, its market potential is visible to everyone. Aerospace and medical (dentistry, implants) are the markets with the clearest prospects for the industrialization of metal 3D printing, while the automotive, industrial machinery, and consumer electronics markets are highly elastic. Judging from the current global installed base of metal 3D printing equipment, the distribution of various major application markets is generally relatively balanced. The aerospace industry market has great demand potential and high certainty of growth. Aerospace is the main promoter of the application of metal 3D printing technology. The industry has a high degree of acceptance of additive manufacturing and already has a large industrial scale.
Restraint:
The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter’s growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.
Opportunity:
Metal 3D printing technology is gradually moving towards batch-scale application. If the cost of 3D printing metal powder is reduced by more than 50% or even more, the application scale may expand 10 times or even 100 times. The current cost of 3D printing metal powder has continued to decline, but the current price is still difficult to meet the large-scale market demand for many applications. With the further development of markets in the medical, aerospace, and automotive fields, the demand for metal powder, the raw material for 3D printing, will grow rapidly. While there are higher requirements for material performance in subdivided fields, there are also requirements for cost control. made further requests.
About The Authors
| Lu Xing - Lead Author
Email: luxing@qyresearch.com The analysts have more than 9 years of research experience in the chemical industry. The analyst team is thoughtful, logical and has deep professional knowledge. The main research fields involve chemical industry, energy, oil and gas, life sciences, pharmaceuticals, automobile industry and other industries. Leading projects include global and Chinese LG third-party surveys, market research on amino acid surfactants, fetal bovine serum, HDPE pipes, hydrogen electrolyzers, titanium dioxide, etc. Major cooperative customers include Clariant, Dow, Mitsubishi Chemical, Syngenta, Evonik, Solvay, Bayer, Asahi Kasei, Tosoh, etc. |
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About QYResearch
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