东北证券：3D打印材料具备成长性 关注国内企业突破

Group 1 - The core viewpoint is that the 3D printing materials market in China is expected to exceed 50 billion, driven by the growth of commercial aerospace and the increasing demand for high-value industrial-grade 3D printers [2][4] - In 2019, the scale of China's 3D printing materials industry reached 4.094 billion, a growth of 26.2% compared to 2018, with projections indicating the market could reach approximately 3 billion by 2025 and over 8 billion by 2030 [2][3] - Metal materials account for 39% of the 3D printing materials in China, while non-metal materials make up around 61%, with common applications including titanium alloys, PLA, nylon, ABS, aluminum alloys, and stainless steel [1][2] Group 2 - Domestic high-end metal powder production still relies on imports, with strict requirements for purity, sphericity, particle size, and oxygen content, while the domestic market for mid-to-low-end products is becoming saturated [3][4] - Current mainstream methods for producing 3D printing metal powders include gas atomization, plasma rotating electrode, and plasma atomization, with China making breakthroughs in gas atomization and rotating electrode methods, while the spheronization method is still in the research phase [3][4] - Notable domestic companies in the 3D printing materials sector include AVIC MATE, Fei'er Kang, Selong Metal, Xi'an Ouzhong, Plit, Changsha Weite, Youyan Powder Materials, Jingyan Powder, Hunan Dingli Technology, and Harsen Co., Ltd., which have shown rapid development in recent years [4]