generated strong demand for 3D printing powder in the past few years. Europe also held substantial share of the global 3D printing powder market in 2014. However, Asia Pacific is expected to be the fastest-growing market in the next few years. Potential market growth is anticipated in this region during the forecast period. Increasing presence of aerospace and automotive manufacturers in developing countries such as Japan, China, and South Korea boosts the market growth in this region. Latin America and Middle East & Africa are also anticipated to be lucrative markets for 3D printing powder in the next few years.
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Rising demand for lightweight aircraft components with superior functionality is principally driving demand for 3D printing powder. Increasing demand for jet engine components propels significant demand for 3D printing powder. Furthermore, rising demand for medical implants in the elderly population boosts the 3D printing powder market. However, lack of awareness and economic barriers are anticipated to hinder growth in the 3D printing powder market. Enhanced research and innovation programs are being carried out to bring in technological development in the 3D printing powder market. Such initiatives are projected to create emerging opportunities in the market, enabling accessibility of 3D printing powder to small- and medium-scale manufacturers.
Global 3D Printing Powder Market: Companies Mentioned in the Report
Key manufacturers of 3D printing powder include Arcam AB, Arkema S. A., Carpenter Technology Corporation, Erasteel Kloster AB, Metalysis, Praxair Technology, Inc., and Sandvik AB.
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