3D printing is also known as additive manufacturing additive manufacturing (AM), refers to processes used to manufacture a three-dimensional object. In this process, successive layers of material are created under computer control to create an object. 3D is a process that deposits a binder material onto a powder bed with inkjet printer heads layer by layer. Several different materials can be used for 3D printing, such as plastic, PLA, nylon, polycarbonate, glass filled polyamide, and others. There are numerous different 3D printing technologies used nowadays. The major variations are how layers are built to produce parts. 3D printing has numerous applications; one of the most significant applications of 3D printing is in the healthcare industry. With 3D printing technology, surgeons can produce patient’s 3D printed model of body parts.
According to Zion Market Research, Global demand for 3D printing gases market was valued at USD 25.85 billion in 2015 and is expected to reach USD 46.50 billion in 2021, growing at a CAGR of around 9.75% between 2016 and 2021.
Increasing demand for the medical industry is expected to drive the demand for 3D printing gases market in the coming future. On account of increasing industrialization coupled with a growing population in developing regions, is expected to witness significant growth over the forecast period. Moreover, the growing demand for 3D printing in developing economies and increase in investment in research & development for the technologies of 3D printing is expected to boost the 3D printing gas market in the years to come. Nonetheless, the high cost of 3D printing is expected to restrain the growth of the 3D printing gases market over the next few years.
Global 3D printing gases market is segmented by type as Argon, nitrogen and gas mixture. The global 3D printing market was dominated by argon segment in 2015. By technology, 3D printing market is segmented into stereolithography, laser sintering, poly-jet technology, and others. The laser sintering segment is estimated to be the highest-growing technology in the next five years. The 3D printing gases market is also expected to witness growth in poly-jet technology and stereolithography technology during the forecast period. By end user segment the 3D printing market is segmented into three major categories such as design & manufacturing, healthcare, consumer products, others. Out of which the healthcare segment is expected to grow significantly due to intensive demand of 3D printing in medical industry.
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North America was dominated, 3D printing gases market in 2015. This trend is expected to remain competitive with the presence of a large number of vendors in this region. North America was followed by Europe in 2015. Asia Pacific is likely to grow at the fastest pace in the next few years as Japan and China are the most innovative countries in term of technology.
Some of the key players in 3D printing gases market are Air Products and Chemicals Inc, BASF SE, The Linde Group, Air Liquide S.A., Messer Group, Airgas Inc. and among others are some of the leading key players in 3D printing gases market.