Product demand is expected to increase due to increased adoption of 3D printing as the mainstream manufacturing method and increased investment in research and development (R & D) of 3D metal printing. Because 3D printing provides rapid prototyping and manufacturing speeds, the use of 3D metal printing stands out in the aerospace and defense industries. The aerospace and defense industry was an early adopter of the product. This leads to high utilization of materials like titanium and steel in this industry. 3D printing gives you the flexibility to create complex machine geometry that is difficult to build using traditional machines.
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The largest vendors of Asia Pacific Metal Powder For 3d Printing market: (At least 14 companies included)
* GKN Hoeganaes
* LPW Technology
* Carpenter Technology
* Arcam AB
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Titanium was the largest contributor to market growth in 2017, owing to its significant adoption in aerospace applications. Titanium-based alloys have a very high melting point and are strongly resistant to oxidation and acids. This is necessary for manufacturing critical aircraft parts. Moreover, aircraft designers are able to achieve higher thrust to weight of engine ratio due to high strength and low density of titanium.
North America emerged as the largest region in 2017 in terms of employing 3D printing metals. Presence of numerous aerospace companies are expected to stoke the growth of the regional market. Moreover, high defense expenditure across the region is anticipated to boost the utilization of the product in aerospace & defense.
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The study objectives are:
To analyze and research the global Metal Powder for 3d Printing status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Metal Powder for 3d Printing manufacturers, capacity, production, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Metal Powder for 3d Printing are as follows:
History Year: 2014-2019
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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