Global 3D Stainless Steel Powder Market to Advance at a an Attractive CAGR of over 8.7% during the Forecast period

The latest market report published by Credence Research, Inc. “Global 3D Stainless Steel Powder Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global 3D Stainless Steel Powder Market generated revenue of around USD 71.07 million in 2021 and is anticipated to grow a CAGR of over 8.70% during the forecast period from 2022 to 2028 to reach around USD 134.80 million in 2028. While, cumulative growth opportunity presented by the global 3D Stainless Steel Powder is around USD 750 million during 2022 to 2028.

Global 3D Stainless Steel Powder Market, 2021 – 2028 (USD Million)

Browse the full report at  3D Stainless Steel Powder Market: Demand, Size, Growth, Share, Competitive Analysis and Forecast 2016 – 2028 | Credence Research

3D Stainless Steel Powder is one of the most economic yet ideal material of choice when it come to metal printing. Stainless steel exhibit excellent physical properties such as strength which is essential in certain applications. Moreover, earlier it was not feasible to use 3D Stainless Steel Powder for multifaceted designs with traditional manufacturing approach. However, with modern manufacturing it has made possible to use 3D Stainless Steel Powder for multifaceted designs. In the process of using 3D Stainless Steel Powder in metal printing, stainless steel powder layers are required with a binding agent.

304 Segment to Grow at Rapid Pace

304, 316L, S301, S310, S220 and Others  are some of the important types of 3D Stainless Steel Powders produced and consumed across different region. However, 304 is growing in demand and held significant share in total revenue generation with over 25% in 2021. While, 316L S301 and S310 segments collectively held over 50% share in total revenue generation in 2021 and poised to play important role in growth of 3D Stainless Steel Powder in the years to come.

Growing Demand for Raw Consumption is Driving the Growth of 3D Stainless Steel Powder

Automotive, Medical, Aerospace and Defense, Jewelry, Tools and others (Construction applications, and Industrial Application) are major application markets for the global 3D Stainless Steel Powder industry. Aerospace & defense segment held the largest share of global 3D Stainless Steel Powder industry in 2021 with over 40% contribution to revenue generated by 3D Stainless Steel Powder market. Secondly, medical, automotive and other applications are also expected to grow at a significant CAGR which in turn likely to drive demand for 3D Stainless Steel Powder.

Europe is Second Leading Market for 3D Stainless Steel Powder

North America is leading the 3D Stainless Steel Powder industry with over 30% share in 2021. Germany, UK, France and Italy dominate consumption of 3D Stainless Steel Powder. While, Middle East and Latin America hold very little market share. Demand for 3D Stainless Steel Powder is growing in Europe and North America. U.S. is single largest market for global 3D Stainless Steel Powder with almost one third share in global 3D Stainless Steel Powder market in 2021.

Significance of War between Russia & Ukraine for 3D Stainless Steel Powder Importers

As Ukraine and Russia has meager contribution in production as well as consumption of 3D Stainless Steel Powder the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the 3D Stainless Steel Powder industry include Sandvik AB, Carpenter Technology Corporation, GKN Limited, Exone GmbH, 3D Systems Corporation, EOS GmbH and others.

 

 

 

Market Segmentation

Global 3D Stainless Steel Powder Market by Type, 2016 – 2028

  • 304
  • 316L
  • S301
  • S310
  • S220
  • Others

Global 3D Stainless Steel Powder Market by Application, 2016 – 2028

  • Automotive
  • Medical
  • Aerospace and Defense
  • Jewellery
  • Tools
  • Others (Construction applications and Industrial Application)

Global 3D Stainless Steel Powder Market by Company, 2016 – 2028

  • Sandvik AB
  • Carpenter Technology Corporation
  • GKN Limited
  • Exone GmbH
  • 3D Systems Corporation
  • EOS GmbH

Others