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The 3D Printing Powder Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for 3D Printing Powder is the increasing demand for 3D Printing Powder in various industries.
This report on the 3D Printing Powder Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the 3D Printing Powder Market. The report intends to present a thorough analysis of the 3D Printing Powder Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
3D Printing Powder Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the 3D Printing Powder Market are-
Sandvik AB
Arkema
Carpenter Technology Corporation
Advanced Powders and Coatings Inc.
Carpenter Technology Corporation
LPW Technology Ltd.
Hoganas AB
GKN plc
Metalysis
Arcam AB
Growth drivers and Market Value:
This report, from Stratview Research, studies the 3D Printing Powder Market value and growth drivers over the trend period of 2022-27. According to the report -
3D printing powder market is likely to witness an excellent CAGR of 22.4% during the forecast period. Increasing demand for advanced additive manufacturing technology for 3D printing is the prime factor that is contributing to the demand for 3D printing powder, which in turn, is driving the growth of the market.
Segment Analysis:
Based on Product Type:
Based on the product type, the market is segmented as metal, plastic, and ceramics. The metal segment held the largest share of the market in 2021, and is expected to maintain its legacy during the forecast period. The wide use of metal powder for 3D printing in aerospace & defense and automotive applications, owing to its rigid structure and high resistance to corrosion, is driving the growth of the metal segment.
Based on Region:
In terms of regions, North America is estimated to be the largest as well as fastest-growing market for 3D printing powder during the forecast period, with the United States being the major country with lucrative growth opportunities. The growth of the market is driven by technological superiority, well established infrastructure, and high investment capacity of the region. Europe and Asia Pacific are also expected to offer substantial growth opportunities during the forecast period.
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