According to the new Market Research Report “3D Printing Powder Market, By Type (Metal, Plastic, Ceramics), By End User (Aerospace & Defense, Automotive, Medical & Dental) – Global Forecast to 2020”, The value of the global 3D printing powder market is estimated to be $213.3 million in 2015 and is projected to grow at a CAGR of 24.4% from 2015 to 2020.
The growing demand for powders in additive manufacturing or 3D printing has led to significant developments in the 3D printing powder market. Powder-based printers are usually complex to manufacture and are accessible to a few large-scale industries, such as aerospace, defense, and automotive, which require increased precision. New developments in metal, plastics, and ceramic-based powders have prompted increased innovations in the powder metallurgy industry. As such, the knowledge about these new innovations is being transmitted by various trade and industrial associations through a number of trade fairs and conferences held across the world.
As a part of such initiatives, the Metal Powder Industries Federation (MPIF), an American association of metal powder manufacturers, organized an event in 2014. Called Additive Manufacturing with Powder Metallurgy (AMPM) and held in Orlando, Florida, the event received good response from powder manufacturers and 3D printer manufacturers. Moreover, the emerging companies dealing in the 3D printing industry are entering new domains by adopting strategies of partnerships and deals. Manufacturers of powder 3D printers have the potential to promote new powders and materials for 3D printing. It has also been observed that technology providers have an edge in selling powder-based products than powder manufacturers.Read more
Source: prnewswire.com; image: 3dprint.com