Global Titanium Powder for 3D Printing Market Forecast, Trend Analysis And Competition Tracking Global Market insights 2015 to 2031

Titanium Powder for 3D Printing Market Overview

Titanium powder is a popular material used in most 3D printers. It has many positive characteristics which make it desirable for use in 3D printing. It is very lightweight, so it doesn't weigh down the machine during the print, and it doesn't produce strong fumes, so can be printed indoors without damaging anyone's lungs. Titanium powder has a brilliant white color that reflects the UV light to give a high-quality finish to its projects. Titanium powder is an extremely reactive metal due to its low melting point, and it poses a potential fire hazard. The titanium powder used in 3D printing is a metal that is strong against heat, corrosion, and galvanic reactions. It has been used for laser cutting, material processing, and biomedical applications.

Request Covid - 19 Impact

3D printing technology is considered to be revolutionary when it comes to the printing of many products.  As this new technology advances, these printers must include more materials so that they can create items with different properties. The three main materials used in 3D printing are plastics, metals, and ceramics.

Global Titanium Powder for 3D Printing Market Revenue Outlook:

The global Titanium Powder for 3D Printing market was valued at US$ XX Bn in 2020 and is projected to register а САGR of XX% by 2031.

Nonetheless, various industry players in the global titanium powder for 3D printing market are now increasing their focus on establishing successful collaborations, acquisitions, and joint venture activities to enhance their respective customer bases. These players are also growing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Advantages Of Titanium In 3D Printing Technology

3D printing is a process that can be used to create an object or model from digital data. Materials that can be used for 3D printing include plastic, metal, ceramic, and wood. 3D printing, paired with materials like titanium, demonstrates its potential as the medical industry’s manufacturing technology of choice for life-changing solutions.

Opportunities for 3D Printing Industry

3D printing technology is a rapidly evolving technology in many fields, especially in dental laboratories. The introduction of new software such as CAD/CAM, 3D scanners, additive technologies and post-processing methods, which increase efficiency and cost savings, and speed up production with improved quality, have benefited all the doctors and patients.

The COVID crisis is an opportunity for 3D printing to demonstrate its value proposition around digital manufacturing and its ability to meet on-demand production needs. In addition, the ability of 3D printing to iterate hundreds of designs in a short period of time is a key difference in developing viable solutions that can meet unforeseen needs.

Regional Analysis

Why is demand for Titanium Powder for 3D Printing market high in the North America region?

The North America market is estimated to contribute XX% revenue share in 2020 and is expected to register a CAGR of XX% during the forecast period. This is attributed to an increase in wide adoption 3D printing in several end-use industries and rapid technological developments in these field and regions.

Global Medical 3D Printing Market Share by Region

Some Notable Developments In This Target Market

• In March, the COVID-19 virus that swept through most of Asia arrived in Europe and the United States. At about the same time, as factories in countries such as China were still under lockdown, the West began to feel the impact of supply chain disruptions. Broadly, users of 3D printing have intervened in the manufacture of components such as masks and PPE.
• Major players are now focusing on the development of strategies that are concerned with the expansion of their existing product portfolios, the acquisition of related industry players, etc., as necessary approaches to maintain or improve upon their respective market positions. New product manufacturing developments and innovations are also expected to offer new opportunities for potential revenue growth.

Competitive Landscape

The Titanium Powder for 3D Printing market landscape appears highly consolidated, with a significant chunk of it being dominated by the key industry players.

• EOS
• SLM Solutions Group AG
• Sandvik AB
• Oerlikon AM
• C. Starck GmbH
• Concept Laser
• Carpenter Technology Corporation
• Hoeganaes Corporation
• Arcam AB
• AMC Powders
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered for Global Titanium Powder for 3D Printing Market

Global Titanium Powder for 3D Printing Market Segmented by Type

• Ti64
• Ti64ELI

Global Titanium Powder for 3D Printing Market Segmented by End-Use Industry

• Aerospace Defense
• Automotive
• Medical
• Other End-Use Industries