Canada 3D Printing Powder Market Outlook

the canadian 3d printing powder market is expected to witness a compound annual growth rate of over 8% during the forecast period of 2018-2032. the increasing adoption of 3d printing technology for the manufacture of consumer electronic products, automotive parts, medical implants, machinery parts, and many others is expected to be a major contributor to the market growth over the coming years. the growing development of desktop 3d printers and a rise in the utilization of materials such as plastic, metals, and others, along with the availability of cad (computer-aided design) software in the canadian market, are all expected to fuel the demand for 3d printing powder in canada. furthermore, the growing need for product customization, improved quality control, economic production, and other advantages associated with 3d printing are anticipated to propel market growth over the assessed time period. another major factor that will contribute to the growth of the canadian 3d printing powder market is the rising number of researchers, startups, and medium and large businesses that are aggressive towards the adoption of this advanced technology. furthermore, the growing demand for 3d bio- printable powders from the health care industry for the manufacture of medical implants is expected to drive the demand for this technology in canada during the forecast period. the canadian government's initiatives to promote the research and development, as well as the investment of venture capital funding in the 3d printing sector, are also likely to create a favorable environment for the growth of the market in the future. additionally, the growing popularity of the canadian national 3d printing conference and other such educational initiatives will be beneficial in creating a favorable ecosystem for the market. on the basis of materials used for 3d printing powder, the market is segmented into metal powder, ceramic powder, and others. the metal powder segment is expected to account for the highest market share during the forecast period due to low cost, availability, and its easy availability, along with its suitability for complex designs and shapes. in the region-wise segmentation, ontario is expected to be the largest market in canada by 2032. this is owing to the presence of many leading research centers and companies, such as sinterit and microsoft, coupled with the rising demand for 3d printing powder in the region.