Market Analysis
Traditionally, 3D printing was largely used in rapid prototyping industries namely consumer goods, medical, automotive and aerospace. But today, the oil and gas industry too have begun to embrace it in their business. Owing to the cost-efficient and agile nature of 3D printing or additive manufacturing (AM), companies these days have the opportunity of maximizing their productivity and reducing the prices related to producing as well as maintaining inventory. AM or 3D printing is a process to create physical objects from the digital model through a printer. Different materials namely wax, ceramics, metals and plastic are utilized for 3D printing. Nitrogen and argon are used to offer an inert atmosphere along with increasing the products stability. 3D printing is utilized in numerous industries including construction, food and beverages, healthcare, automotive, aerospace and defense and others. This process helps to yield products which are lighter, economical and less wasteful. Argon is a comparatively inexpensive gas that helps in creating an inert environment ideal for 3D printing. This gas offers several benefits such as prevent part deformities, reduce power clumping and control thermal stress to uphold consistency, create a stable environment for printing via maintaining constant pressure, cut down fire hazard via making the combustible dust inert, prevent corrosion and keep out impurities and reduce oxidation of sintered components. The global 3D printing gases market is predicted to register an impressive growth during the forecast period (2016-2023).
There are abundant factors that is propelling the growth of the 3D Printing Gases Market Share. These factors as per the Market Research Future (MRFR) report include increasing need from design and manufacturing industry, growing demand for inert gases especially in the healthcare and aerospace industries to cater to the high-tolerance standards, rapid developments in the 3D printing market Industry that is driving the demand for 3D printing gases, technological advancements and multiple benefits.
Market Segmentation
MRFR report offers a broad segmental analysis of the 3D printing gases market Industry on the basis of technology, gas, end-user and function.
Based on gas, it is segmented into gas mixtures, nitrogen and argon. Of these, the argon segment will have the maximum share in the 3D printing gases market during the forecast period. At the time of 3D metal printing, argon gas is utilized in the form of a shielding gas for removing reactive gases that may damage the fabricated part. This will be followed by gas mixtures which is predicted to grow at the fastest pace.
Based on technology, the 3D printing gases market Industry is segmented into electron beam melting, material jetting, poly-jet, laser sintering, stereolithography and others. Of these, stereolithography will lead the market during the forecast period. This is due to growing utilization of 3D printing gases in 3D plastic metal printing to manufacture motor housing, sheet metal forming, automotive die-casting parts and functional prototypes.
Based on function, it is segmented into illumination, cooling and insulation. Of these, the insulation segment will dominate the market during the forecast period.
Based on end-users, the 3D printing gases market is segmented into healthcare, consumer products, aerospace and defense, automotive and others. Of these, aerospace and defense will dominate the market during the forecast period.
Regional Analysis
By region, the industries that use 3d printing covers growth opportunities and latest trends across Asia Pacific, Europe, North America and Middle East and Africa. Of these, North America will remain the hub of the leading 3D printing gas producers along with the leading consumers of such gases. In the APAC region, the 3D printing gases market is predicted to grow at a whopping CAGR during the forecast period due to increasing demand for 3D printing gases in the healthcare and automotive industry. The 3D printing gases market in Europe is anticipated to have the biggest market share due to technological development in AM coupled with its increasing utilization in the aerospace and medical sectors.
Key Players
Matheson Tri-Gas Inc (US)
Messer Group (Germany)
Universal Industrial Gases Inc (US)
BASF SE (Germany)
Air Liquide (France)
Praxair Inc (US)
The Linde Group (Germany)
and Air Products and Chemicals Inc (US).
April 2019 - Immensa Technology Labs, leading additive manufacturing company has recently recreated spare parts with 3D printing.
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