The global market for 3D printing powder will have a compound annual growth rate of 20.3% through 2025, with revenues expanding from $313.7 million in 2016 to $1.6 billion by 2025.
According to a new report from Transparency Market Research, North America is largest part of the market, with 38% of global demand.
Plastics remains the top material used for manufacturing 3D printing powders.
The report indicates that local manufacturers and start-ups are positioned to gain a significant share of that market because of the lack of large players around the globe and the overall expansion of 3D printing.
Leading companies in the space include: Arcam AB, Advanced Powders and Coatings Inc., GKN plc, Carpenter Technology Corporation, Hoganas AB, Arkema, LPW Technology Ltd., Sandvik AB, Ltd., and Metalysis.
Arcam is part of GE Additive, and has played a key role in that company’s expansion in the 3D printing sector. Sandvik recently announced a new plant to manufacture titanium and nickel fine metal powders to help strengthen its position in the 3D printing market.
The growth in powders reflects the overall growth in the 3D printer materials market, which this report puts at $24 billion. The market for thermoplastic filament alone is expected to reach more than $6.6 billion by 2026.
Source: Transparency Market Research