According to the new market research report “North America 3D Printing Powder Market - Forecasts till 2020”, the North America 3D Printing Powder Market, in terms of value, is projected to reach $200 Million by 2020 at a CAGR of 23.7% from 2014 to 2019.
Additive manufacturing has opened up new opportunities for powder metallurgy industry in North America. The expiry of technology patents for powder based 3D printing will drive the demand for 3D printing powder products in aerospace & defense, automotive, and medical & dental. 3D printing powder market is estimated to grow at 23.7% in North America. The technology cost for powder 3D printing will decrease on account of expiry of patents. This technology will slowly penetrate other engineering and fabrication industry. Powder manufacturers in North America are likely to benefit from these developments.
Get Customized Report - http://www.micromarketmonitor.com/contact/4154647120-request_for_customization.html
Some of the key players in the North America 3D Printing Powder Market are
- GKN Hoeganaes Corporation (U.S.),
- Carpenter Technology Corporation (U.S),
- Advanced Powders & Coatings (Canada) and others.
These companies are participating in the growth story of North America through strategic expansions, product developments and research.
3D printing powder market is significantly penetrating the end user industries. Aerospace & Defense industry is one of the major consumers of metal powders. Companies like GE Aviation are dependent on additive manufacturing for printing aircraft engines and components. Similarly, powder 3D printing is gaining much relevance for tooling applications in automotive industry. The use of powder based 3D printing technology in medical and dental applications will also contribute to the growth of 3D printing powder market. Increasing use of titanium alloys and powders in orthopeadic implants and dental implants will add to the developments in 3D printing powder market. Apart from these industries, lower technology costs will encourage consumer durables and accessory manufacturers to adopt this technology in the near future.
Download PDF for More Information - http://www.micromarketmonitor.com/contact/4154647120-download_pdf_brochure.html
Expiry of patents will trigger new product developments and research from emerging companies in U.S and Canada. The consumption of metal powders currently dominates the market in North America followed by plastic powder and ceramic powder. However, new investments for product developments and technology are expected to bring development for other powder products, which are expected to be the highest growth segment. Apart from expiry of patents and new product developments, other key contributors to the growth of this market include joint ventures, expansions and acquisitions. The acquisition of AP&C division by European major Arcam AB from Raymor Industries in Canada is a strategic expansion for the company in this region.
Similarly, powder manufacturers in North America are focusing on expanding the product basket for tapping new growth opportunities in 3D printing materials market. New startups are moving up the innovation ladder by inventing new powdered materials which are tested across industries for their material worthiness and durability.
Scope of the Report:
This research report categorizes the North America market for 3D printing powder on the basis of applications in the application, type, and country. It also provides forecasts for volume and value, and analyzes trends in each of the submarkets.
North America 3D Printing Powder Market, By Application:
- Aerospace & Defense
- Medical & Dental
North America 3D Printing Powder Market, By Type
- Metal Powder
- Plastic Powder
- Ceramic Powder
- Other Powders
North America 3D Printing Powder Market, By Country:
- Rest of North America
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013,