According to the new market research report the Europe 3D Printing Powder Market report defines and segments the concerned market with analysis and forecast of revenue. This market is projected to reach $120 million by 2020 at a CAGR Of 21.5% from 2015 to 2020.
The European 3D printing powder market is significantly penetrating the end user industries. 3D printing powders have different characteristics, as per the manufacturing and application requirement of the end products. Growing demand for powders used in applications especially aerospace & defense, automotive, and medical & dental, is expected drive the European 3D printing powder market. The market in Europe is expected to grow at 21.5% during the period of forecast considered for this study.
Europe is a leading hub for powder based manufacturers. The growth of powder consumption in Sweden, UK, and Germany will contribute to the growth of 3D printing powder manufacturers. The expiry of key patents for powder based additive manufacturing and new product developments will lead to growth in overall consumption of 3D printing powders. Increasing investments from manufacturing industries like aerospace & defense, automotive, and medical & dental, for adoption of 3D printing technology in mainstream manufacturing will also contribute to the growth of this market.
Apart from expiry of patents, other key contributors to the growth of this market include joint ventures, acquisitions, expansions, and new product developments. Powder metallurgy companies, associations, and atomized powder manufacturers infuse higher investments in capacities for future advancements in 3D printing materials market. New companies are moving up the innovation ladder by inventing new powdered materials based on their intrinsic characteristics. These powders are tested across industries for their material worthiness and durability.
The European 3D printing powder demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. Assuming the modest growth seen in the powder metallurgy industry, the application of powder products in 3D printing will rise in the next 5 years. This analysis covers important developments, expansions, agreements, mergers & acquisitions, and product developments of leading European companies in the 3D printing industry.
Some of the key players in the European 3D printing powder market are Sandvik Materials Technology (Sweden), LPW Technology Ltd. (U.K.), Arcam AB (Sweden), and others. These companies are expanding their footprint in Asia-pacific region through trade shows, conferences and events to tap the emerging opportunities in this region.
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