3D printing is also referred to as additive manufacturing. Additive Manufacturing (AM) refers to a process by which digital 3D design data is used to build up a component in layers by depositing materials. The term 3D printing is increasingly used as synonyms for additive manufacturing. 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 several 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 the report, global 3D printing gases market was valued at USD 25.85 million in 2015, is expected to reach USD 46.50 million in 2021 and is anticipated to grow at a CAGR of around 9.75% between 2016 and 2021
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The global 3D printing gases market is expected to witness significant growth over the forecast period on account of increasing industrialization coupled with a growing population in developing regions. The growing demand for the medical industry is expected to drive the demand for 3D printing gases market within the forecast period. Furthermore, the growing demand 3D printing in emerging economies and increase in investment in research & development for the technologies of 3D printing is expected to boost the 3D printing gas market during the years to come. However, the high cost of 3D printing is expected to restrain the growth of the market over the years.
Argon, nitrogen, and gas mixture are the main type segment of global 3D printing gases market. The argon segment was dominated type of global 3D printing market 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.
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In 2015, 3D printing gases market was dominated by North America and expected to remain competitive with the presence of a large number of vendors. The second largest market for 3D printing gases was Europe. The Asia Pacific is likely to grow at the fastest pace in the next few years.
More Information on this Report: 3D Printing Gases Market will reach $46.50 Million by 2021
Key Market Players:
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.