According to BlueWeave Consulting, the global 3D Printing Gases market has reached USD 38.94 Million in 2019 and estimated to reach USD 77.23 Million in 2026 and anticipated to grow by CAGR of 10.35% during the forecast period 2020- 2026. The market is growing owing to various factors. The advancement in technology, increasing industrialization coupled with a surging population in developing nations driving the market of 3D printing gases.
The increasing demand in several applications such as design & manufacturing, automotive, healthcare, consumer products, aerospace & defense, and education & research are some of the key factors propelling the growth of the 3D printing gasses industry. Furthermore, with the rapid urbanization, growth in industrialization, and the medical sector around the globe, the need for 3D printing gasses are increasing rapidly. The healthcare and pharmaceutical sectors are expected to play a crucial role in changing the landscape of 3D printing gasses and to expand at a high rate during the forecast period. 3D Printing gasses is a broad and diverse product category built for use in specific end-use industries. 3D Printing Gases are utilized in a wide range of industrial applications, including design & engineering, health care, and aerospace & defense industries.
Increasing investment in 3D printing research and development activities is an important factor expected to fuel demand for 3D printing gasses and drive market growth in the coming years. Moreover, rising demand for 3D printing gasses from various end-use industries, such as design and manufacturing, healthcare, automotive, and others, is another factor expected to fuel target market growth over the forecast period. However, owing to the high cost of gas processing and sophisticated manufacturing processes, the organizations are exposed to potential risks and are impeding the growth of the 3D Printing Gases Market.
The Stereolithography segment in Technology Type is expected to grow at a very high CAGR during the forecast horizon
Based on Technology, The Stereolithography segment is expected to dominate the market during the forecast horizon, owing to its continual advancements and practical implementations of the technology. More established applications of Stereolithography in medicine include the creation of wearable assist devices, orthotics, and prosthetics.
The Growing Demand for 3D Printing Gases in Numerous Industries
The rise in the use of 3D printing techniques across the manufacturing, automobiles, consumer goods, health care devices, energy industries, aerospace, and defense are the major factors pushing the global 3D printing gas market. The application of 3D printing technologies in the manufacture of convoluted production parts for the oil and gas industries is most likely to stimulate the growth of the global 3D printing gas market.
Rapid growth in the Demand of 3D Printing
The increasing demand for the 3D printings in the market for different applications in numerous industries is fueling the market of global 3D printing gases during the forecast horizons. Moreover, during the 3D printing process, these gases provide an inert atmosphere, which helps in lessening the oxidation of sintered parts by reducing the oxygen content. This process creates a stable printing environment by maintaining a constant pressure in the print chamber.
Asia-Pacific is expected to grow at a very high CAGR in the global 3D Printing Gases market during the anticipated period.
By geography, the global 3D Printing Gases Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia-Pacific region is most likely to grow at a very high CAGR in the 3D Printing Gases market due to surging developmental activities, and speedy economic expansion in nations such as India and China. The rise in the people’s income in this region increases the demand for high-end products is growing fast. Convenience food products, aerated beverages, and electronics are few of the applications, which find growth in the region, resulting in higher demands of 3D Printing Gases.