Market Overview:
The global stainless steel powder for additive manufacturing market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for stainless steel powder for additive manufacturing in various end-use industries, such as aerospace and defense, automotive industry, industrial and others. In terms of type, the austenitic grade segment is expected to hold a major share of the global stainless steel powder for additive manufacturing market during the forecast period. This can be attributed to its high corrosion resistance and ductility properties. In terms of application, the aerospace and defense segment is projected to grow at a higher CAGR than other segments during the forecast period.
Product Definition:
Stainless steel powder is a material used in additive manufacturing. It is made of stainless steel, which is a type of metal that is resistant to corrosion and staining. Stainless steel powder can be used to make parts for machines, tools, or other objects that need to be durable and tough.
Austenitic Grade:
Austenitic grade is a type of stainless steel with low carbon content. It has a higher yield strength and better toughness than ferritic or martensitic grades. The material is used in various industries including food processing, chemical processing, automotive & transportation, oil & gas and power generation owing to its properties such as corrosion resistance, high strength and excellent hardness at lower costs than other types of stainless steel.
Martensitic Grade:
The Martensitic grade of stainless steel powder is used in the manufacturing of 3D printing materials. It has a very high content of chromium and nickel, which makes it suitable for use as an additive in stainless steel powders to improve their mechanical properties. The demand for 3D printed objects is increasing rapidly on account of its application in various sectors including automotive, medical & healthcare, consumer goods, aerospace & defense and construction industries among others.
Application Insights:
The automotive industry was the largest application segment in 2017 and accounted for a volume share of over 30% in 2018. The growth can be attributed to increasing demand for lightweight materials with superior mechanical properties such as strength, hardness, and corrosion resistance. In addition, stainless steel powder is used as an effective solution to reduce vehicle weight without affecting the safety or performance of vehicles.
Industrial manufacturing accounted for a significant market share in terms of revenue in 2018 owing to rising demand from various industries including food & beverage processing and chemical manufacturing. Stainless steel powder is widely used as an additive during production processes such as die casting, metal injection molding (MIM), cold-forming operations (such as extrusions), hot-forming operations (such as sheet metal parts) due to its high strength characteristics which make it suitable for wear parts or tools that are subject to heavy use or pressure conditions.
Regional Analysis:
Asia Pacific dominated the global stainless steel powder for additive manufacturing market in 2016. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments and favorable government policies in developing economies such as China, India, and Japan. In addition, rising demand for consumer goods along with rapid industrialization is anticipated to drive regional growth over the next eight years.
Europe accounted for a significant share of global revenue in 2016 owing to high demand from automotive industry on account of stringent emission norms implemented across various countries including Germany, France, Italy and U.K.
Growth Factors:
- Increasing demand for stainless steel powder in the additive manufacturing market due to its properties such as high strength, corrosion resistance, and low weight.
- Rising popularity of 3D printing technology across various industries for the production of customized products.
- Growing investments by key players in research and development activities to develop new and innovative stainless steel powders for additive manufacturing applications.
- Proliferation of online platforms that offer 3D printing services to consumers and businesses worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Powder for Additive Manufacturing Market Research Report
By Type
Austenitic Grade, Martensitic Grade, Ferritic Grade
By Application
Aerospace and Defense, Automotive Industry, Industrial, Others
By Companies
Höganäs, Sandvik, Daido Steel, AMETEK, Yitong New Material, GKN Powder Metallurgy, CNPC Powder Material, VDM Metals, Sakuma Special Steel Co., Ltd, Haining Feida, Höganäs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Powder for Additive Manufacturing Market Report Segments:
The global Stainless Steel Powder for Additive Manufacturing market is segmented on the basis of:
Types
Austenitic Grade, Martensitic Grade, Ferritic Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace and Defense, Automotive Industry, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Höganäs
- Sandvik
- Daido Steel
- AMETEK
- Yitong New Material
- GKN Powder Metallurgy
- CNPC Powder Material
- VDM Metals
- Sakuma Special Steel Co., Ltd
- Haining Feida
- Höganäs
Highlights of The Stainless Steel Powder for Additive Manufacturing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Austenitic Grade
- Martensitic Grade
- Ferritic Grade
- By Application:
- Aerospace and Defense
- Automotive Industry
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stainless Steel Powder for Additive Manufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stainless steel powder is a type of additive manufacturing filament that is used in 3D printing filaments. It is made up of small stainless steel particles that are bonded together to create a strong, durable filament. Stainless steel powder can be used for printing objects that require a strong and durable material, such as medical implants or aerospace parts.
Some of the key players operating in the stainless steel powder for additive manufacturing market are H¶gan¤s, Sandvik, Daido Steel, AMETEK, Yitong New Material, GKN Powder Metallurgy, CNPC Powder Material, VDM Metals, Sakuma Special Steel Co., Ltd, Haining Feida, H¶gan¤s.
The stainless steel powder for additive manufacturing market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stainless Steel Powder for Additive Manufacturing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stainless Steel Powder for Additive Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stainless Steel Powder for Additive Manufacturing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stainless Steel Powder for Additive Manufacturing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stainless Steel Powder for Additive Manufacturing Market Size & Forecast, 2018-2028
4.5.1 Stainless Steel Powder for Additive Manufacturing Market Size and Y-o-Y Growth
4.5.2 Stainless Steel Powder for Additive Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Stainless Steel Powder for Additive Manufacturing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
5.2.1 Austenitic Grade
5.2.2 Martensitic Grade
5.2.3 Ferritic Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stainless Steel Powder for Additive Manufacturing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
6.2.1 Aerospace and Defense
6.2.2 Automotive Industry
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stainless Steel Powder for Additive Manufacturing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Stainless Steel Powder for Additive Manufacturing Analysis and Forecast
9.1 Introduction
9.2 North America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
9.6.1 Austenitic Grade
9.6.2 Martensitic Grade
9.6.3 Ferritic Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
9.10.1 Aerospace and Defense
9.10.2 Automotive Industry
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Stainless Steel Powder for Additive Manufacturing Analysis and Forecast
10.1 Introduction
10.2 Europe Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
10.6.1 Austenitic Grade
10.6.2 Martensitic Grade
10.6.3 Ferritic Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
10.10.1 Aerospace and Defense
10.10.2 Automotive Industry
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Stainless Steel Powder for Additive Manufacturing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
11.6.1 Austenitic Grade
11.6.2 Martensitic Grade
11.6.3 Ferritic Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
11.10.1 Aerospace and Defense
11.10.2 Automotive Industry
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Stainless Steel Powder for Additive Manufacturing Analysis and Forecast
12.1 Introduction
12.2 Latin America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
12.6.1 Austenitic Grade
12.6.2 Martensitic Grade
12.6.3 Ferritic Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
12.10.1 Aerospace and Defense
12.10.2 Automotive Industry
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Stainless Steel Powder for Additive Manufacturing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Type
13.6.1 Austenitic Grade
13.6.2 Martensitic Grade
13.6.3 Ferritic Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Stainless Steel Powder for Additive Manufacturing Market Size Forecast by Applications
13.10.1 Aerospace and Defense
13.10.2 Automotive Industry
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stainless Steel Powder for Additive Manufacturing Market: Competitive Dashboard
14.2 Global Stainless Steel Powder for Additive Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Höganäs
14.3.2 Sandvik
14.3.3 Daido Steel
14.3.4 AMETEK
14.3.5 Yitong New Material
14.3.6 GKN Powder Metallurgy
14.3.7 CNPC Powder Material
14.3.8 VDM Metals
14.3.9 Sakuma Special Steel Co., Ltd
14.3.10 Haining Feida
14.3.11 Höganäs
