Rapid Industrialization To Spur 3D Printing Gases Market Expansion

The overall 3D printing gases market is likely to demonstrate a lucrative growth, owing to tough competition witnessed among the major industry participants across the market, claims a research report by Zion Market Research. The key global players of 3D printing gases market are BASF SE, Air Liquide S.A., Messer Group, Airgas Inc., and The Linde Group. These industry mammoths have been adopting business growth strategies for growth of their business, such as high R&D investments, M&A, product innovations, and geographical expansions. Analysts predict that the firms will continue to implement these same strategies in the near future in order to gain a competitive advantage.

Citing an instance, researchers at NASA & Autodesk have teamed up for performing experiments with 3D printing technology for building habitats on other planets such as Mars.

According to the Zion market research study, the 3D printing gases market, estimated at USD 25.85 million in 2015, is forecast to grow at a cumulative rate of 9.75% during the period of 2016–2021. Analysts predict the market to hit the revenue of nearly USD 46.50 million by 2021. Argon, Nitrogen, and Gas mixtures are the three types of 3D printing gases available in this market. Among them, Argon made substantial contributions towards 3D printing gases market share in 2015, and researchers at ZMR anticipate that this trend will continue over the forthcoming years.

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Technological Advancement & Population Explosion Soars Growth

Immense popularity of 3D printing in developing countries and heavy funding of R&D activities pertaining to 3D printing technologies will create lucrative opportunities for 3D printing gases market,” says a research analyst at ZMR.

Extensive applications across healthcare, consumer goods, and design & manufacturing sectors are likely to create a profitable roadmap for 3D printing gases market across the globe. Design & manufacturing activities are projected to make notable contributions towards 3D printing gases market size over the years to come. However, escalating costs of 3D printing systems are anticipated to inhibit the market growth in the near future.

North America To Dominate Regional Growth

The geographical segmentation of 3D printing gases market is also discussed in the Zion research report. Researchers at ZMR have considered North America, Middle East & Africa, Europe, Asia Pacific, and Latin America as the key regional markets for 3D printing gases for study. In 2015, the region of North America made significant contributions towards the 3D printing gases market and is anticipated to continue its regional domination over the years ahead. The growth can be attributed to the presence of large number of vendors in the region.

The Asia Pacific 3D printing gases market is projected to demonstrate a notable surge over the forecast timeframe, subject to rise in the number of healthcare and design & manufacturing activities witnessed in the region.

This review is based on a report by Zion Market Research, titled “3D Printing Gases Market (Argon, Nitrogen and Gas Mixture), By Technology (Stereo lithography, Laser Sintering, Poly-Jet Technology and Others), By End-user (Design & Manufacturing, Healthcare, Consumer Products, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

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The 3D Printing Gases Market is segmented as follows:

By Type

  • Argon

  • Nitrogen

  • Gas mixtures

By Technology

  • Stereolithography

  • Laser sintering

  • Poly-jet technology

  • Others

By End User

  • Design & manufacturing,

  • Healthcare

  • Consumer products

  • Others

By Region

  • North America

    • The U.S.

  • Europe

    • UK

    • France

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

  • The Middle East and Africa

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Hiren Samani

Hiren Samani

Hiren is an energetic travel aficionado and a gizmo freak. He prefers to write when engaged in finding out how science works on every possible action or occurrences. Hiren is passionate about the work research he does and has succinct knowledge about the same, which makes him an efficient contributor of our team.

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