Global 3D Printing Gases Market Is Expected to Reach USD 73,887.5 Million In 2026
The global 3D printing
gases market was valued at USD 36,851.5 million in 2018 and is expected
to reach USD 73,887.5 million in 2026, growing at a CAGR of 9.1%
from 2019 to 2026.
3D printing gases is
also known as additive manufacturing and widely used to shield the work
material from unwanted effects of heat produced during the manufacturing
process. Materials such as metals, plastic, ceramics, and wax are primarily
used for 3D printing. Moreover, argon and nitrogen are some of the prominent
gases used in 3D printing. Such gases require proper storage and distribution
systems in order to ensure safe usage.
The 3D printing gases
are primarily used in aerospace & defense, automotive, healthcare, food
& beverages, and building & construction among others. The growth of
the 3D printing gases market is primarily driven by the rapid growth in the 3D
printing industry.
Moreover, the growing
emphasis on maintaining product quality and retain design features are
propelling the market towards further growth. Adoption of Industry 4.0 is
anticipated to offer multiple growth opportunities in the forecast period.
However, volatile prices of these gases and the potential health risk to the
operator are some of the factors which may hamper the growth of the global 3D
printing gases market. The argon gas expected to dominate the market throughout
the forecast period
Get Sample Copy of
this report at: https://www.ozonemarketreports.com/sample-request/global-3d-printing-gases-market-industry-outlook-2016-2026/154301
Based on the gas, the 3D printing gases market has been segmented
into argon, nitrogen, and gas mixtures.
The argon 3D printing
gas accounted for more than 50% of the share in the global 3D printing gas
market in 2018 owing to the increase in demand for inert gases in the end-use
industries to meet the high-tolerance standards, which primarily required in 3D
printing. This expected to enhance the growth for the argon gas in the global
market in the coming years.Based on technology, the poly-jet segment is
expected to grow at a CAGR of around 10.12% during the forecast period
Based on the technology, the market has been segmented into stereolithography,
laser sintering, poly-jet, and others.
The stereolithography
type technology segment accounts of the largest share in the market and
expected to grow at a CAGR of around 9.1% during the forecast period. While the
poly-jet segment expected to hold the CAGR of approximately 10.12% during the
forecast period. The increase in research & development activities in the
developing countries is anticipated to increase the market share in the global
3D printing gases market during the forecast period.
However, the
requirement of high capital investment is anticipated to hamper the growth of
this segment.
Browse Full Report at: https://www.ozonemarketreports.com/ict-media/global-3d-printing-gases-market--industry-outlook-2016-2026/154301
Based on the end-use
industry, the aerospace & defense segment is expected to dominate the
global market and held for almost 35% of the total market in 2018
Based on end-use industry, the market has been segmented into automotive,
aerospace & defense, healthcare, and others.
The aerospace &
defense segment accounts of the largest share in the market and held for almost
35% of the total market in 2018 owing to strict government rules and regulation
for the manufacturers to meet the industry standards. Healthcare segment
expected to hold the highest CAGR in the market throughout the forecast period
owing to a massive change in terms of technological advancement in the industry
for the development of low-cost effective machinery and equipment. Based on the
function, the insulation segment is expected to dominant the market during the
forecast period
Based on the function, the market has been segmented into insulation,
illumination, and cooling. The insulation application segment accounts of the
largest share and highest CAGR in the global 3D printing gases market.
Regionally, North
America region expected to dominate the 3D printing gases market throughout the
forecast period North America accounted for nearly 45% share of the global 3D
printing gases market in 2018 and is expected to dominate the market throughout
the forecast period. In North America, the presence of a large number of 3D
printing companies, which increased the technological advancements in the
product manufacturing across healthcare and aerospace industries.
Avail
a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-3d-printing-gases-market-industry-outlook-2016-2026/154301
Moreover, the high
spending for the technological development in the region is further expected to
lead the demand for 3D printing process in the domestic market. Asia-Pacific is
expected to hold the highest CAGR in the global market during the forecast
period. The rise in the product demand across the aerospace and consumer good
applications are expected to be the main driver for the growth of the region.
Additionally, the adoption of 3D printing for the manufacturing of consumer
goods product such as footwear, electronics, and jewelry are expected to
increase the demand for 3D printing gases in the global market in the coming
years.
Company Profiles and Competitive Intelligence:
The major players operating in the global 3D
printing gases market are
- ·
The BASF SE (Germany),
- ·
The Linde Group
(Ireland),
- ·
Air Liquide S.A.
(France),
- ·
Praxair Inc. (United
Kingdom),
- ·
Air Products and
Chemicals, Inc. (United States),
- ·
Iwatani Corporation
(Japan),
- ·
Airgas Inc. (United
States),
- ·
Matheson Tri-Gas Inc.
(United States),
- ·
Messer Group (Germany),
- ·
Iceblick Ltd. (Ukraine)
- ·
Among
others.
Contact Us:
Name: Steven Samuel
Phone - +91 9370882135
Comments
Post a Comment