3D printing gases market worth USD 152.18 million by 2028,
New York, Aug 25, 2021 (GLOBE NEWSWIRE) – 3D Printing Gases Market Overview: According to a Comprehensive Research Report from Market Research Future (MRFR), “3D printing gas market: Information by Gas (Argon, Nitrogen), Technology (Stereolithography, Laser Sintering, Polyjet), Function (Cooling, Insulation), End User (Automotive, Aerospace & Defense, Consumer Products), Region – Global Forecast to 2028” The market is expected to be worth USD 152.18 Million by 2028, registering a CAGR of 14.85% during the forecast period (2021 – 2028). The market was valued at USD 47.82 million in 2020.
MRFR Analysis profiles some of the most prominent companies in the global 3D printing gases market, namely
- BASF SE (Germany)
- The Linde Group (Germany)
- Air Liquide (France)
- Praxair Inc (United States)
- Air Products and Chemicals Inc (United States)
- Universal Industrial Gases Inc (United States)
- Messer Group (Germany)
- Matheson Tri-Gas Inc (United States)
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The growth of the 3D printing gases market is supported by the collective efforts of these companies, which are trying to expand their geographic reach by introducing highly innovative products and solutions. They are also adopting many strategies such as collaborations, agreements and partnerships to capture a higher market share of 3D printing gases. To illustrate, in June 2021, Linde Group, a Munich-based chemical company, collaborated with 3D Medlab, a renowned specialist in clinical printing, confirming the results of their joint study of their latest process gas that improves printing. 3D of a variety of medical parts. . This study evaluated the effect of the helium-argon process on spatter formation as well as process stability during LPBF / laser powder bed fusion printing of titanium lattice structures. The study concluded that the new gas reduced splash emissions by a total of 35%, showing its potential to significantly reduce the risks that emerge when manufacturing defective parts.
The USP market exclusively encompassed:
Main growth drivers:
Gases such as argon and nitrogen have many applications, primarily because they help improve the overall quality of 3D printed parts. They help reduce the level of oxidation of forged components by reducing the oxidation content in the printing chamber; maintain constant pressure to make a stable and improved printing environment; limit combustible dust when handling and screening the powder for greater safety; reduce the agglutination of the powder in the feed tube and limit the thermal stresses thanks to progressive cooling to avoid deformation of the part.
Browse the In-Depth (185 Pages) 3D Printing Gases Market Research Report
Increasing technological advancements as well as the rate of industrialization associated with increasing population in developing countries have increased the use of 3D printing gases in healthcare, design and manufacturing, l automotive, consumer products, education and research, and aerospace and defense. In addition, improving economic standards in developing countries in Asia with rapidly growing urbanization and industrialization would provide enormous opportunities for global companies in the future. The growing demand for products in the medical sector around the world is also expected to be quite favorable for 3D printing gases in the coming years.
In view of the widespread applications for end users, the increase in spending on research and development activities and the boom in sales of consumer goods such as electronics, jewelry and footwear, the gas industry 3D printing is expected to experience incredible growth in the years to come.
Due to the exorbitant cost of complex gas manufacturing and processing techniques, organizations are discouraged from using the technology, resulting in lower market demand in some parts of the world.
With the COVID-19 outbreak wreaking havoc in various sectors, especially the construction industry, the growth of the 3D printing gases market has slowed down significantly. The world market is shaken by massive financial constraints as well as by the imbalance between supply and demand.
However, the size of the 3D printing gases market will continue to grow as the government continues to fund comprehensive research and development activities, providing strong support to suppliers.
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The 3D printing gases taken into account in the MRFR report are nitrogen, gas mixtures and argon. Argon has captured most of the global industry and therefore is the top segment. Meanwhile, the fastest progress will be made by the gas mixtures segment in the coming years, due to the increasing need to achieve the cooling effect and the combined shielding using the gas mixtures throughout the process. .
Regarding technology, the 3D printing gases market can be categorized into laser sintering, poly-jet, stereolithography, electron beam melting, material jet, etc.
Functionally, the 3D printing gas industry is concerned with cooling, lighting, and insulation.
The main end users of 3D printing gas are aerospace and defense, automotive, healthcare, consumer products and others.
Regional Status of 3D Printing Gas Market
Asia-Pacific, Europe, as well as North America, Middle East & Africa and Latin America are recognized as the main regions in which the 3D printing gas industry is expected to experience significant growth over the period considered.
North America is currently the largest market for 3D printing gases, thanks to the strong establishment of world-renowned companies that mainly focus on conducting rigorous research and development activities in this area. In addition, frequent technical innovations in the aerospace and healthcare industries with respect to 3D printing processes could further amplify the size of the 3D printing gases market.
The 3D printing gases market share in Asia-Pacific will grow at the fastest rate from 2020 to 2027, with major contributions from emerging countries like India and China. These countries present very attractive opportunities for manufacturers of 3D printing gases, given the low cost of labor and soaring economic standards. The increased emphasis by manufacturers on using advanced techniques during production is also expected to add to the value of the 3D printing gases market in the coming years. Some of the major 3D printing gas end users in the region include design and manufacturing, oil and gas, and healthcare.
Market segmentation covered by research:
3D printing gases market: information by gas (argon, nitrogen), technology (stereolithography, laser sintering, poly-jet), function (cooling, insulation), end user (automotive, aerospace and defense, consumer products), region – global Forecast to 2028
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