3D Printing Gases Market projecting a CAGR of 10.35% during the forecast period, 2020-2026
Published | 14 March 2020
According to BlueWeave
Consulting, the global 3D Printing Gases market has reached USD 38.94 Million
in 2019 and estimated to reach USD 77.23 Million in 2026 and anticipated to
grow by CAGR of 10.35% during the forecast period 2020- 2026. The market is
growing owing to various factors. The advancement in technology, increasing
industrialization coupled with a surging population in developing nations
driving the market of 3D printing gases.
The increasing demand in
several applications such as design & manufacturing, automotive, healthcare,
consumer products, aerospace & defense, and education & research are
some of the key factors propelling the growth of the 3D printing gasses
industry. Furthermore, with the rapid urbanization, growth in
industrialization, and the medical sector around the globe, the need for 3D
printing gasses are increasing rapidly. The healthcare and pharmaceutical
sectors are expected to play a crucial role in changing the landscape of 3D
printing gasses and to expand at a high rate during the forecast period. 3D
Printing gasses is a broad and diverse product category built for use in
specific end-use industries. 3D Printing Gases are utilized in a wide range of
industrial applications, including design & engineering, health care, and
aerospace & defense industries.
Increasing investment in 3D
printing research and development activities is an important factor expected to
fuel demand for 3D printing gasses and drive market growth in the coming years.
Moreover, rising demand for 3D printing gasses from various end-use industries,
such as design and manufacturing, healthcare, automotive, and others, is
another factor expected to fuel target market growth over the forecast period.
However, owing to the high cost of gas processing and sophisticated
manufacturing processes, the organizations are exposed to potential risks and
are impeding the growth of the 3D Printing Gases Market.
The
Stereolithography segment in Technology Type is expected to grow at a very high
CAGR during the forecast horizon
Based on Technology, The
Stereolithography segment is expected to dominate the market during the
forecast horizon, owing to its continual advancements and practical
implementations of the technology. More established applications of
Stereolithography in medicine include the creation of wearable assist devices,
orthotics, and prosthetics.
The
Growing Demand for 3D Printing Gases in Numerous Industries
The rise in the use of 3D
printing techniques across the manufacturing, automobiles, consumer goods,
health care devices, energy industries, aerospace, and defense are the major
factors pushing the global 3D printing gas market. The application of 3D
printing technologies in the manufacture of convoluted production parts for the
oil and gas industries is most likely to stimulate the growth of the global 3D
printing gas market.
Rapid
growth in the Demand of 3D Printing
The increasing demand for
the 3D printings in the market for different applications in numerous
industries is fueling the market of global 3D printing gases during the
forecast horizons. Moreover, during the 3D printing process, these gases
provide an inert atmosphere, which helps in lessening the oxidation of sintered
parts by reducing the oxygen content. This process creates a stable printing
environment by maintaining a constant pressure in the print chamber.
Asia-Pacific
is expected to grow at a very high CAGR in the global 3D Printing Gases market
during the anticipated period.
By geography, the global 3D
Printing Gases Market segregated into North America, Europe, Asia Pacific,
Middle East & Africa, and Latin America. The Asia-Pacific region is most
likely to grow at a very high CAGR in the 3D Printing Gases market due to
surging developmental activities, and speedy economic expansion in nations such
as India and China. The rise in the people’s income in this region increases
the demand for high-end products is growing fast. Convenience food products,
aerated beverages, and electronics are few of the applications, which find
growth in the region, resulting in higher demands of 3D Printing Gases.
Browse Detailed Table of
Contents,” 3D
Printing Gases Market Size, By Type (Argon, Nitrogen, and Gas mixtures), By
Technology (Stereolithography, Laser Sintering, Poly-jet technology, and Others
(electron beam melting, binder-jetting technology, and fused disposition
modeling)), By Storage, Distribution, and Transportation (Cylinder &
Packaged Distribution, Tonnage distribution, and Merchant liquid distribution),
By Function (Insulation, Illumination, and Cooling), By End-use Industry
(Design & Manufacturing, Healthcare, Consumer Products, and Others
(automotive, aerospace & defense, and education & research)), and By
Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin
America); Trend Analysis, Competitive Market Share & Forecast, 2016-26”
AT
3D
Printing Gases Market: Competitive Landscape
The major market players in
the Global 3D Printing Gases are Universal Cryo Gas, LLC, Praxair, Inc.,
Matheson Tri-Gas, Inc., Iceblick Ltd., Airgas Inc, Air Liquide S.A., The Linde
Group, Messer Group, Iwatani Corporation, Air Products and Chemicals, Inc, and
other Prominent Players are expanding their presence in the market by
implementing various innovations and technologies.
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