The 3D Printing market is estimated to reach USD$ 18.4 billion by 2020, expanding at a CAGR of 28.5% between 2016 and 2020. The global consumption of 3D printing powders, along with their end products, has witnessed a stable growth in the past few years and this growth is estimated to scale up in the next five years due to increased number of technological developments taking place in the 3D printing market.

The market has been segmented on the basis of printer, material type, material form, process, technology, software, service, application, vertical, and geography. Industrial 3D printers are expected to account for the largest share of the 3D printing market during the forecast period due to the increase in accuracy per inch of part dimension, faster printing speed, and introduction of new materials. These factors have led to the adoption of the industrial 3D printers in various industries such as aerospace & defense, automotive, energy, engineering, and healthcare among others. In addition, 3D printing is now used to manufacture complex components, prototypes (rapid prototyping), and small-series components. Streamlining of production workflow through automated production tools, powder handling and recycling functions, and mobile production controls is fueling the demand for industrial printers.

The demand for titanium, steel, aluminum, and cobalt-chrome alloy powders is expected to rise by 22.4% within the next five years due to increasing adoption of 3D printing in the manufacturing of critical components used in the automobile and aerospace industries. These powders are highly recyclable and offer superior quality and durability as compared to other materials. This has led to growing preference for powder-based printers as compared to plastics and ceramic-based printers. These powder-based printers save time as well as cost.

Read Full Report: http://www.gosreports.com/global-3d-printing-powder-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com