Global 3D Printing Gases Market Overview
The key driver impacting the 3D printing gases market is the growing 3D printing/additive manufacturing industry globally. for instance, as per the study of additive manufacturing report 2019, manufacturing (AM) technology has been rapidly growing globally; in the last 7 years, the total 3D printing market has developed by almost 5.7 times. the World Economic Forum report estimation shows that the 3DP global revenues have been speedily growing at a standard annual rate of 26.9% in the last 30 years. In 2018 worldwide revenues reached $9.8 billion, though it is a meager amount than global manufacturing revenues of $12.8 trillion. the possibility for additive manufacturing to attain 1% of global manufacturing revenue in the coming five years is five times superior to the most optimistic projections. Moreover, the rising demand for 3D printing gases due to the ever-increasing demand for food with a growing population and the need for enhanced productivity in the food processing sector is estimated to be a significant factor that adds to the market growth. 3D printing/additive manufacturing market globally
According to Value Market Research, the global 3D printing gases market size was valued at around USD 26.5 million in 2020 and is projected to grow at a CAGR of about 10.5%.during the forecast period of 2021 to 2027.
The rising use of 3D printing gases across the manufacturing, consumer goods, health care devices, building & construction, automobiles, aerospace and defense, and energy industries is estimated to augment 3D printing gas demand in the forecast period. for instance, in the health care sector, hearing aids and dental aligners are majorly made using 3DP, and surgical guides are also 3D-printed. Also, 3D-printed end-use parts are growing in the past ten years, production of end-use parts has augmented from 15.6% to 28.4%. 3DP adoption is increasing in the manufacturing of functional components of aerospace, automotive, and other areas. however, the high cost of gas processing and intricate manufacturing processes may hamper the global 3D printing gases market in the long run. also, the lack of standardized equipment and process control is negatively impacting the market. The current industry trends, such as the mounting research investments and funding in 3D printing technology increasing growing adoption in manufacturing industries globally, are expected to provide market players with new market opportunities.
The 3D printing gases market is vast, with many local and global players. the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, contracts, extending product portfolio, acquisitions, expansions, and product upgrades to raise their market share across the globe. The significant players were taken in the report BASF SE, Air Liquide S.A., Air Products and Chemicals, Inc., The Linde Group, Praxair, Inc., Matheson Tri-Gas, Inc., Iceblick Ltd., Universal Cryo Gas, LLC, and Messer Group.
In this research report, the 3D printing gases market is segmented by type, technology, end-user and region.
Analysis by Type:
By type, the report is categorized into nitrogen, argon, and gas mixtures. The argon segment dominates the type segment with over 35% share in 2020. It is due to the accelerating use of argon in the design & manufacturing industry across the globe. Moreover, the numerous benefits associated with the argon usage include dipping oxidation of sintered parts, averting corrosion and keeping out impurities, generating a stable print environment by continuing constant pressure, and minimizing the fire hazard making combustible dust inert driving demand for argon in the forecast period.
Analysis by Technology:
By technology, the report is categorized into stereolithography, laser sintering, poly-jet technology, and others. Laser sintering dominates the technology segment with over 35% share in 2020. It is majorly adopted for small to medium batch production as SLS requires no support, so designs with complex geometries can be easily formed. Moreover, the expanding trend of using SLS 3D printing techniques among engineers and manufacturers contributes to the high demand for laser sintering technology in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into design & manufacturing, healthcare, consumer products, and others (automotive, aerospace & defense, and education & research). The Design & manufacturing is likely to show considerable in the forecast period. It is due to the growing usage of gases such as argon, nitrogen, and gas mixtures in the design & manufacturing industry. Moreover, 3D manufacturing reduces material waste, processing time, and required equipment, thus contributing to the high demand from the design and manufacturing sector in the forecast period.
Analysis by Region:
In the regional outlook of the global 3D printing gases market, the North American region dominates with a 30% market share during the forecast period. It is due to the presence of some of the world’s largest and most prominent industrial gas companies in the region. The rising technological advancements related to the 3D printing process by the healthcare and aerospace industries are also driving regional growth. Moreover, the extensive research and development activities being undertaken in the field of 3D printing contribute to the development of the 3D printing gases market in North America.
Market Segmentation covered in the Report:
- Gas Mixtures
- Laser Sintering
- Poly-jet Technology
- Design & Manufacturing
- Consumer Products
- Others (automotive, aerospace & defense, and education & research)
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.