3D Printing Gases Market

3D Printing Gases Market Size (2024 - 2029):

The Global 3D Printing Gases Market size is estimated to extend from US$ 70 million in 2023 to reach a valuation of US$ 170 million by 2029, recording a CAGR of 20.01% between 2024-2029.

Market Overview:

3D printing is a type of additive manufacturing technology in which a three-dimensional object is produced by placing successive layers of material to create the final product. 3D printing is also known as the rapid prototyping method. This is an automated process in which 3D objects are developed on a machine that is connected to a computer, including the plane of the object. This printing method saves time and money through the use of inkjet technology. Product formation is currently the main application of 3D printing technology. In the medical field, doctors use 3D printing machines to print body parts for reference before complicated surgeries. Other machines are employed to make bone grafts for patients who have suffered painful injuries.

Market Trends:

Additive manufacturing or 3D printing must be done in controlled environments with minimal exposure of materials and processes to impurities to produce high-quality products. Gases such as argon, nitrogen, or gas mixtures provide the inert atmospheres necessary to meet the high tolerance standards in this field. 3D printing gases are employed to improve the quality of 3D printed parts. They are also employed to maintain constant pressure to create a stable printing environment, reduce dust build-up in the feed tube, and control thermal stress through gradual cooling to prevent part deformation. The world market for 3D printing has grown exponentially in recent years. Technology has begun to penetrate the traditional market for manufacturing and consumer products. The demand is supposed to grow rapidly in the near future, boosting the worldwide 3D printing gases market.

Market Drivers

The global 3D printing gases market is primarily driven by technical advancements and industrialization, along with the increasing population in developing regions. Escalatingcall in various applications such as design and manufacturing, healthcare, consumer products, and others is another driver that is predicted to drive the 3D printing gas market in the coming years. The design and manufacturing sector is likely to have the largest market share and dominate the 3D printing gases market during the outlook period. Also, the market will also expand due to increased investment in research and development of 3D printing technologies. The growing call for inert gases in the aerospace and healthcare industries to meet the high tolerance standards required in 3D printing is estimated to be the key factor for the expansion of this market. In the healthcare sector, the customization of prosthetics and dentistry allows the bioprinting of bones, cartilage, and human muscles, which is expected to boost demand in this industry. Furthermore, the rapid expansion of the 3D printing market is predicted to fuel the call for the 3D printing gases business during the projection period. During the printing process, these gases provide an inert atmosphere that helps reduce the oxidation of sintered parts by reducing oxygen content and creating a stable printing environment by maintaining constant pressure in the printing chamber.

Market Restraints:

Due to the high cost of gas processing and complex manufacturing processes, organizations are exposed to potential risks and limit the expansion of the 3D printing gases market.

Market Opportunities:

The growing call for 3D printing in emerging economies, coupled with technological advancements, will likely open up new opportunities for the 3D printing gases market in the near future.

Market Challenges:

The high cost of production and strict rules and regulations are some of the factors that are supposed to slow down the expansion of the market.

3D PRINTING GASES MARKET REPORT COVERAGE

Market Segmentation:

3D Printing Gases Market - By Type:

• Argon
• Nitrogen
• Gas Mixtures

Among all, argon gas registered a dominant share in the global 3D printing gases market in 2019. The mixed gas segment is predicted to grow at the fastest expansion rate in years to come.

3D Printing Gases Market - By Technology:

• Stereolithography
• Laser Sintering
• Poly-Jet Technology
• others

Laser sintering was one of the leading technologies in the global 3D printing gas market and accounted for the majority of the total revenue generated in 2019.

Market Regional Analysis:

• North America - U.S., Canada.
• Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
• Asia Pacific - India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
• Latin America - Brazil, Mexico, Argentina, Chile & Rest of LATAM.
• Middle East & Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

North America dominated the 3D printing gas market and accounted for the world's largest market share in 2015. North America is also determined to account for the largest market share and dominate the 3D printing gases market by 2026. Asia-Pacific offers potential expansion opportunities as developing countries such as China and India are predicted to be emerging markets, making the Asia-Pacific region the fastest-growing market for 3D printing gases. The expansion of the 3D printing gas market in this region is driven by factors such as the expansion of the design and manufacturing and healthcare industry, increased call for consumer products and automobiles by the growing population, and economic development. The European region has the highest expansion rate in the world.

The 3D printing gases market in the Asia-Pacific region is predicted to show significant expansion due to expansion in the design and manufacturing and healthcare industry and population expansion in this region. Latin America, the Middle East, and Africa are also estimated to see decent expansion in the 3D printing gases market during the forecast period. The growing call for products in aerospace and consumer goods applications is predicted to be the main driver of the Asia Pacific market. Through 3D printing, consumer goods such as footwear, electronics, and jewelry can be designed and produced faster and cheaper, as they are not limited by expensive tooling costs.

Market Key Players:

The key players in the global 3D Printing Gases Market are

1. BASF SE (Germany)
2. The Linde Group (Germany)
3. Air Liquide S.A. (France)
4. Praxair Inc. (U.S.)
5. Air Products
6. Chemicals Inc. (U.S.)
7. Iwatani Corporation (Japan)
8. Airgas Inc. (U.S.)
9. Matheson Tri-Gas Inc. (U.S.)
10. Messer Group (Germany)
11. Iceblick Ltd. (Ukraine)

Market Recent Developments:

• Evonik opens a new 3D printing technology center. Located in the United States, Evonik's new technology center for 3D printing will be essential for the development of new ready-to-use materials for powder bed fusion made with structured polymer technology.