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From 2023 to 2030, the market for 3D Printing Gases Market is anticipated to grow at a CAGR of 14.85%. The market is being driven by the growing emphasis on applying 3D printing technologies throughout the industrial sector, which stimulates the need for 3D printing gases and propels industry expansion. The demand for consumer products and conventional manufacturing has started to be impacted by technology. gases used in 3D printing
By 2030, it is anticipated that the market for 3D printing gases would be worth around USD 152.18 million. Additionally, it is anticipated that in the upcoming years, the usage of 3D printing techniques throughout the design and manufacturing sectors will rise significantly, driving up demand for 3D printing gases. The market expansion is expected to be constrained, nevertheless, by the high pricing, growing environmental concerns over gas emissions, and human health risks.
The necessity for high-tolerance standards in important industries like aerospace and healthcare is the main reason propelling the demand for inert gases. Demand from the design, manufacturing, healthcare, consumer goods, automotive, aerospace, and military industries, among many others, is currently driving the market for 3D printing gases.
Inanimate ambient conditions are easily provided by gases like nitrogen, argon, and other gas mixes, which help fulfil higher standards for material manufacturing. As a result, it is thought that the demand for 3D printing gases is predominantly driven by the manufacturing industry. The rising population in emerging nations will further accelerate the growth rate of the 3D printing gas industry.
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Regional insights:
There are four markets for 3D printing gases: Europe, North America, Asia-Pacific, and the Rest of the World. The largest share of the market was in North America. The region with the greatest CAGR throughout the predicted period will be Asia-Pacific.
Due to the widespread adoption of additive manufacturing in the area, North America held a disproportionately large market share in 2021.
Canada and the US are two examples of North American nations that were early and notable users of this technology in various manufacturing processes. The existence of certain significant industrial gas companies and the region’s considerable 3D printing research and development efforts are key factors supporting the expansion of the North American market. The manufacturing of products has also experienced significant technical advancements in the aerospace and healthcare sectors.
The second-largest market share in 2021 belonged to the Asia-Pacific region. The region’s industrial sector has seen improvements and innovations, which may be blamed for the quick adoption of AM in Asia-Pacific. Additionally developing as a manufacturing powerhouse for the healthcare and automotive sectors is the Asia-Pacific area.
Rapid urbanisation and strict regulation of consumer electronics production are both contributing to the region’s soaring need for three-dimensional printing.
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Market segmentation:
Based on gas, argon and nitrogen make up the market segmentation for 3D printing gases. Due to its extensive uses in end-use sectors including design & manufacturing and health care, argon’s market growth for 3D printing gases was noticeably high in 2021. However, due to its role in lowering the amount of oxygen in the production atmosphere, nitrogen will see quicker growth over the next several years.
Based on technique, the 3D printing gases market is divided into stereolithography, laser sintering, and poly-jet segments. Due to the expanding benefits and simplicity of use associated with stereolithography technology, stereolithography held the greatest market share in 2021 and was predicted to maintain its dominance over the forecast period. However, because to widespread technological adoption across several 3DP processes, the laser sintering category saw the largest growth rate over the predicted period.
The market is segmented into cooling and insulation based on function. Due to the rising need for insulation in 3D printing gases, the insulation category led the market for 3D printing gases in 2021. In addition, it is projected that the cooling category would expand as a result of increasing cooling demand to cool the gases.
The market has been divided into automotive, aerospace & military, and consumer items based on end users. A large portion of the market in 2021 belonged to the aerospace & defence sector as a result of these verticals’ active use of technology across a range of industrial processes. Due to the growth of the automotive industry, the automotive category drives the market, nonetheless.
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Key Players:
Prominent players in the 3D printing gases market research include TAIYO NIPPON SANSO CORPORATION (Japan), AIMS INDUSTRIES PRIVATE LIMITED (India), scicalgas (US), SOL Group (Italy), Atlas Copco AB (Sweden), Zaburitz Pearl Energy Co., Ltd., (Myanmar), and Rotarex (Luxembourg) among others.
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