Independent market research firm MarketsandMarkets has released a report which forecasts significant growth in the 3D printing powder market, with North America remaining the most dominant region for 3D printing powder production.
The report “3D Printing Powder Market by Type (Metal, Plastic, Ceramic), by Application (Aerospace & Defense, Automotive, Medical & Dental, Others), by Geography (North America, Europe, Asia-Pacific, RoW) – Global Forecast to 2020” has found that the 3D printing powder market is expected to reach $636.9 Million by 2020, at a compound annual growth rate (CAGR) of 24.4% from 2015 to 2020. The report explains the effect of several factors contributing to this figure, such as technological advancements, new product developments, and expiry of key patents in the powder-based selective laser sintering industry. Technological advancements and new product developments will attract a greater number of buyers, whilst the expiry of patents will allow a greater number of companies to legally produce existing technology manufactured by other firms. Go further and read the full article.