3D Printing Gases Market: Rapidly increasing industrialization and growing urbanization key to growth, Says ZMR

03-Apr-2017 | Zion Market Research

3D printing can also be called as additive manufacturing which means the use of 3D design data to build the component of interest in layers by using the specific materials and 3D printers. The materials used consist of glass-filled polyamide, plastics, nylon, polycarbonate, PLA, and others. The layer by layer built products have a number of applications in the sectors such as healthcare industry, textiles, defense, and more. The report provides a statistical data related to the 3D printing gases products demand in the global market which is valued to be about USD 25.85 Million according to the analysis conducted in 2015 and is expected to increase by 2021 to USD 46.50 Million that is a CAGR of 9.75% from 2016–2021.

The rapidly increasing industrialization and growing urbanization are the major reasons responsible for enhancing the growth of the global 3D printing gases market. The high aspiration in the medical industry for an advanced and feasible 3D printing gases product drives the global market. The increasing demand and research and development in the field of 3D printing gases boost the global market growth. But, the high cost of the 3D-printed gas products attributes in restraining the global market development.

The global 3D printing gases market is bifurcated on the basis of type, technology, end-user industry, and regions. The type segment is divided into gas mixtures, argon, and nitrogen. The technology segment is categorized into laser sintering, poly-jet technology, stereolithography, and others. The end-user industry segment is grouped into healthcare, consumer products, design and manufacturing, and others. The regional segmentation includes North America, Asia-Pacific, the Middle East and Africa, Europe, Latin America. These regions are further classified into the U.S., China, India, Japan, the U.K., Germany, France, and Brazil. Out of these, the laser sintering segment is anticipated to fuel the global market in the next five years followed by the stereolithography and poly-jet technology segment in the next five to ten years.

North America dominates the global 3D printing gases market for now. Europe and Asia-Pacific are expected to grow at a faster pace too in the coming years.

The major players that dominate the global 3D printing gases market include Messer Group, The Linde Group, Air Products and Chemicals Inc, Air Liquide S.A., BASF SE, Airgas Inc., and others.

Currently, the development of the 3D-printed gas turbines by the Siemens is making the headlines. 3D printing technology was used by the company mainly to cut down the manufacturing cost and creating a highly efficient product. This technology helped design the blades using nickel crystalline superalloy material with an extremely internal cooling geometry. This breakthrough will be made commercial, though the prices are high.

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