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3D Stainless Steel Powder Market by Type (304, 316L, S301, S310, S220, Others) by Application (Automotive, Medical, Aerospace and Defense, Jewellery, Tools, Others (Construction applications and Industrial Application))– Ukraine War, Future Prospects And Competitive Analysis, 2016 – 2028

Name: 3D Stainless Steel Powder Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2022-05-05
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: 3D Stainless Steel Powder Market

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The global 3D Stainless Steel Powder Market is anticipated to showcase a robust compound annual growth rate of approximately 8.70% from 2022 to 2028. In 2021, the worldwide revenue for the 3D Stainless Steel Powder industry stood at about USD 71.07 million, and it’s projected to touch around USD 134.80 million by the close of the forecast period. Remarkably, the global 3D Stainless Steel Powder market is set to present cumulative growth opportunities amounting to an impressive USD 750 million between 2022 and 2028.

Interesting Facts about the 3D Stainless Steel Powder Industry:

The global 3D Stainless Steel Powder Market’s volume exceeded 5,500 tons in 2021.
Alternatives to 3D Stainless Steel Powder include materials such as aluminum, copper, and titanium.
The 304 3D Stainless Steel Powder variant held a dominant position, accounting for over 25% of the market share in 2021.
The aerospace and defense sectors lead in the application market for 3D Stainless Steel Powder.
The U.S. stands out as the predominant market, boasting over a 30% share in volume consumption.

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Rising Demand for 3D Printing Technology

The recent surge in the adoption of additive manufacturing technologies, pivotal for crafting products spanning diverse industrial applications, stands as a primary driver for the buoyant growth estimates linked with the global 3D stainless steel powder market. Products developed using 3D printing are finding increasing applications across sectors like defense, healthcare, medicine, energy, consumer goods, electronics, aerospace, and automotive.

The substantial growth observed in these sectors, combined with groundbreaking advancements in 3D printing technology, particularly concerning product reliability, finish, and overall quality attainable with the current breed of machinery and materials, has positively impacted the global 3D stainless steel powder market.

The escalating global demand for 3D-printed items provides a significant uplift to businesses active in this market segment. Moreover, the intensified focus of leading global entities on R&D efforts, aimed at unveiling innovative, high-quality, and tailored product variants that align with specific application needs, is propelling the market forward at an accelerated pace. A case in point: Sandvik AB disclosed an investment of about US$ 25 million in metal 3D printer powders in February 2018.

Aerospace and Defense Dominate the Market Share

The global 3D stainless steel powder market is segmented by application and region. From an application standpoint, the market is divided into automotive, medical, aerospace and defense, and other categories. This “other” segment encompasses jewelry, tools, construction, and various industrial applications. The demand for 3D Stainless Steel Powder is primarily driven by the aerospace and defense sector, accounting for over 40% of the market share in 2021. This dominance stems from the considerable cost savings in maintenance and production of 3D printed components, along with their high reliability and performance. Within the aerospace and defense industry, 3D Stainless Steel Powder is utilized in a plethora of ways, ranging from the fabrication of armament sets to intricate engine assembly components. Additionally, the capability of 3D printing technology to produce items with complex geometries promises potential advantages for the aviation sector. Moreover, increased defense expenditure by various nations, a response to rising geopolitical tensions, is likely to further buoy this segment’s growth.

Driving Factors

Composition Leads to Production Opportunities

The market share of stainless steel powder is set to grow, in line with the expanding applications of this compound. Typically non-magnetic in nature, it assumes a slight magnetism when cold-worked. Materials with low carbon content exhibit reduced carbide precipitation during welding in heat-affected zones, resulting in diminished vulnerability to intergranular corrosion. High-alloy austenitic stainless steel stands out due to its exceptional resistance to general corrosion, particularly from acids like sulfuric, phosphoric, and acetic, as well as its resilience against pitting corrosion and stress corrosion cracking. Given these properties and the resultant high demand, pharmaceutical manufacturing companies are chiefly centered on expanding their production capacity, foreseeing it as a market growth driver.

Multiple Industrial Applications Propel Market Growth

The varied applications of stainless steel powder necessitate manufacturers to ramp up production. When compared to stainless steel produced through conventional melting processes, powder metallurgy stainless steel boasts advantages such as near-net shaping, precise dimensions, high material utilization, and consistent structure. This makes it invaluable in industries such as instrumentation. Moreover, it plays a crucial role in machinery operations and even finds use in sports equipment. Preeminent sectors like aerospace and other advanced tech industries regularly employ this powder, positioning these companies as major contributors to market expansion in the coming years.

Latest Trends

Growing Preference for Powder over Traditional Stainless Steel Augments Market Growth

Recent advancements in welding and heat processing are paving the way for the practical deployment of martensitic stainless steels in novel applications. These developments, paired with a surging demand for robust, lightweight structures, are positioning martensitic stainless steel as a desirable alternative to pricier high-alloy materials. Notably, it offers commendable corrosion resistance and strength. The spherical particles can be oriented parallel to the coating film’s surface, spreading evenly to form a protective layer that effectively blocks water particles and moisture. Such requirements are anticipated to present opportunities for global stainless steel powder market expansion during the forecast period.

Industry Development

In February 2022, the Fujian Provincial Development and Reform Commission gave a formal response approving the waste heat power generation expansion project for Fujian Wuhang Stainless Steel Products Co., Ltd. This endorsement comes directly from the Fujian Development and Reform Commission.

The U.S. Tops the Demand for 3D Stainless Steel Powder

The U.S. remains at the forefront of the demand for 3D Stainless Steel Powder, boasting over a 30% share in both total volume consumption and revenue generation. In 2021 alone, the United States consumed upwards of 1,600 tons of 3D Stainless Steel Powder, generating revenue in excess of USD 23.75 million. Given that the U.S. is home to the world’s preeminent aerospace and defense industry, it’s no surprise that the demand for 3D Stainless Steel Powder is largely driven by this country. Additionally, surges in demand from the medical and automotive sectors further intensify the consumption of 3D Stainless Steel Powder within the nation.

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Although North America spearheads this demand, Europe follows closely, claiming roughly a 30% share in revenue generation as of 2021. Within Europe, Germany, the U.K., and France stand out as primary markets for 3D Stainless Steel Powder. Looking to the Asia Pacific, Japan, South Korea, and China emerge as pivotal markets for the prospective growth of the 3D Stainless Steel Powder sector.

Prominent players in the global 3D Stainless Steel Powder landscape include Sandvik AB, Carpenter Technology Corporation, GKN Limited, Exone GmbH, 3D Systems Corporation, and EOS GmbH, among others. It’s worth noting that this market is characterized by high concentration, with the top three players holding a combined market share exceeding 35% in 2021.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global 3D Stainless Steel Powder Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global 3D Stainless Steel Powder Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Application
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global 3D Stainless Steel Powder Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. 304
6.2.3. 316L
6.2.4. S301
6.2.5. S310
6.2.6. S220
6.3. North America 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Automotive
6.3.3. Medical
6.3.4. Aerospace and Defense
6.3.5. Jewellery
6.3.6. Tools
6.3.7. Others (Construction applications and Industrial Application)

7. Europe
7.1. Europe 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. 304
7.2.3. 316L
7.2.4. S301
7.2.5. S310
7.2.6. S220
7.3. Europe 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Automotive
7.3.3. Medical
7.3.4. Aerospace and Defense
7.3.5. Jewellery
7.3.6. Tools
7.3.7. Others (Construction applications and Industrial Application)

8. Asia Pacific
8.1. Asia Pacific 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. 304
8.2.3. 316L
8.2.4. S301
8.2.5. S310
8.2.6. S220
8.3. Asia Pacific 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Automotive
8.3.3. Medical
8.3.4. Aerospace and Defense
8.3.5. Jewellery
8.3.6. Tools
8.3.7. Others (Construction applications and Industrial Application)

9. Latin America
9.1. Latin America 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. 304
9.2.3. 316L
9.2.4. S301
9.2.5. S310
9.2.6. S220
9.3. Latin America 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Automotive
9.3.3. Medical
9.3.4. Aerospace and Defense
9.3.5. Jewellery
9.3.6. Tools
9.3.7. Others (Construction applications and Industrial Application)

10. Middle East
10.1. Middle East 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2.
10.1.3. KSA
10.1.4. Israel
10.1.5. Turkey
10.1.6. Iran
10.1.7. Rest of Middle East
10.2. Middle East 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. 304
10.2.3. 316L
10.2.4. S301
10.2.5. S310
10.2.6. S220
10.3. Middle East 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Automotive
10.3.3. Medical
10.3.4. Aerospace and Defense
10.3.5. Jewellery
10.3.6. Tools
10.3.7. Others (Construction applications and Industrial Application)

11. Africa
11.1. Africa 3D Stainless Steel Powder Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. 304
11.2.3. 316L
11.2.4. S301
11.2.5. S310
11.2.6. S220
11.3. Africa 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Automotive
11.3.3. Medical
11.3.4. Aerospace and Defense
11.3.5. Jewellery
11.3.6. Tools
11.3.7. Others (Construction applications and Industrial Application)

12. Global
12.1. Global 3D Stainless Steel Powder Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. 304
12.1.3. 316L
12.1.4. S301
12.1.5. S310
12.1.6. S220
12.2. Global 3D Stainless Steel Powder Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Automotive
12.2.3. Medical
12.2.4. Aerospace and Defense
12.2.5. Jewellery
12.2.6. Tools
12.2.7. Others (Construction applications and Industrial Application)

13. Company Profiles
13.1. Sandvik AB
13.2. Carpenter Technology Corporation
13.3. GKN Limited
13.4. Exone GmbH
13.5. 3D Systems Corporation
13.6. EOS GmbH
13.7. Others

List of Figures

FIG. 1 Global 3D Stainless Steel Powder Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global 3D Stainless Steel Powder Market Segmentation
FIG. 4 Global 3D Stainless Steel Powder Market, by Type, 2019 (US$ Bn)
FIG. 5 Global 3D Stainless Steel Powder Market, by Application, 2021 (US$ Bn)
FIG. 6 Global 3D Stainless Steel Powder Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key 3D Stainless Steel Powder Market Manufacturers, 2019
FIG. 9 Global 3D Stainless Steel Powder Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10 Global 3D Stainless Steel Powder Market, by 304, Value, 2016-2028 (US$ Bn)
FIG. 11 Global 3D Stainless Steel Powder Market, by 316L, Value, 2016-2028 (US$ Bn)
FIG. 12 Global 3D Stainless Steel Powder Market, by S301, Value, 2016-2028 (US$ Bn)
FIG. 13 Global 3D Stainless Steel Powder Market, by S310, Value, 2016-2028 (US$ Bn)
FIG. 14 Global 3D Stainless Steel Powder Market, by S220, Value, 2016-2028 (US$ Bn)
FIG. 15 Global 3D Stainless Steel Powder Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 16 Global 3D Stainless Steel Powder Market, by Medical, Value, 2016-2028 (US$ Bn)
FIG. 17 Global 3D Stainless Steel Powder Market, by Automotive, Value, 2016-2028 (US$ Bn)
FIG. 18 Global 3D Stainless Steel Powder Market, by Aerospace and Defense, Value, 2016-2028 (US$ Bn)
FIG. 19 Global 3D Stainless Steel Powder Market, by Jewellery, Value, 2016-2028 (US$ Bn)
FIG. 20 Global 3D Stainless Steel Powder Market, by Tools, Value, 2016-2028 (US$ Bn)
FIG. 21 Global 3D Stainless Steel Powder Market, by Others (Construction applications and Industrial Application), Value, 2016-2028 (US$ Bn)
FIG. 22 U.S. 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 23 Rest of North America 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 24 U.K. 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 25 Germany 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 26 France 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 27 Italy 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 28 Spain 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 29 Russia 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 30 BENELUX 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 31 Poland 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 32 Austria 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 33 Rest of Europe 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 34 Japan 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 35 China 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 36 India 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 37 South Korea 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 38 Australia 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 39 Southeast Asia 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 40 Rest of Asia Pacific 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 41 Middle East & Africa 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 42 South Africa 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 43 Nigeria 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 44 Egypt 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 45 GCC 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 46 Israel 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 47 Latin America 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 48 Mechanicalzil 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 49 Argentina 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 50 Colombia 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 51 Peru 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)
FIG. 52 Chile 3D Stainless Steel Powder Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (3D Stainless Steel Powder) Market
TABLE 2 Global 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global 3D Stainless Steel Powder Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 North America 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America 3D Stainless Steel Powder Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 Europe 3D Stainless Steel Powder Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific 3D Stainless Steel Powder Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Latin America 3D Stainless Steel Powder Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Middle East 3D Stainless Steel Powder Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa 3D Stainless Steel Powder Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Africa 3D Stainless Steel Powder Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 Africa 3D Stainless Steel Powder Market, by Country/Region, 2016-2028 (US$ Bn)

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Frequently Asked Questions

How COVID 19 Impacted 3D Stainless Steel Powder Market?

Like other industries, 3D Stainless Steel Powder market also suffered from COVID 19 pandemic which resulted into decline of over 10.48% in revenue generated in 2020

Which is the leading regional market for 3D Stainless Steel Powder?

North America is the largest regional market with highest share in the total volume of 3D Stainless Steel Powder consumed in 2021

What is the major growth driving factors for global 3D Stainless Steel Powder market?

Growing popularity of 3D Stainless Steel Powder in 3D printing applications and strong demand from aerospace and defence industry

Which is major segment in 3D Stainless Steel Powder market by Type?

304 segments dominated the 3D Stainless Steel Powder market in 2021 with over 25% share

Which is major segment in 3D Stainless Steel Powder market by application?

Aerospace and defense segment was the largest application of 3D Stainless Steel Powder in 2021 with over 40% share

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