The Global "3D Printing Gases Market" is expected to reach at a CAGR of 24.0% during the forecast period (2022-2029).
Additive manufacturing or 3D printing must be carried out in controlled surroundings with limited materials and contaminants to generate high-quality items. The inert atmospheres required to achieve the stringent tolerance standards of this field are provided by gases such as argon, nitrogen, or gas mixes. The gases used in 3D printing are utilized to improve the quality of 3D-produced parts. They're also utilized for preventing component deformities by maintaining continuous pressure to provide a stable printing environment, reducing powder clumping in the feed tube and minimizing thermal stress through slow cooling.
Gases used in 3D printing are commonly utilized to protect the work material from the harmful effects of heat generated during the production process. The common materials used in 3D printing are metals, plastics, ceramics, and wax. Furthermore, two of the most commonly used gases in 3D printing are argon and nitrogen. Such gases necessitate adequate storage and delivery systems to be used safely. 3D printing gases are used in various industries, including aerospace and military, automotive, healthcare, food and beverages, and building and construction.
Source: DataM Intelligence Analysis (2021)
Due to the wide range of end-user applications for 3D printing gases, increased investment in research and development efforts for 3D printing is expected to enhance demand for 3D printing gases and drive market expansion in the coming years. Moreover, the increased demand for 3D printing gases from industries such as design and manufacturing, healthcare, automotive and others is the main factor that is likely to drive the target market's expected expansion throughout the forecast period. Furthermore, the changing usage of 3D printing gases in the oil and gas sector is a boon to the 3D printing Gases market.
Growing technological advancements and applications of 3D printing
The usage of 3D printing gases in healthcare, design & manufacturing, automotive, consumer items, education & research and aerospace & military has increased due to technological advancements and the rate of industrialization in emerging countries. Furthermore, fast-expanding urbanization & industrialization has improved economic standards across Asia's developing countries will create tremendous potential for global firms in the future.
The global 3D printing gases market is being driven by the increasing usage of 3D printing techniques in manufacturing, consumer products, healthcare devices, automotive, aerospace, defense and energy industries. The application of 3D printing in the fabrication of complicated industrial parts for the oil and gas industry is expected to propel the globally 3D printing gases market forward. The growing product demand in the medical sector globally should bode well for 3D printing gases in the coming years.
Rising research and development activities
The 3D printing gases business is expected to grow rapidly in the coming years, thanks to a wide range of end-user applications, increased spending on research and development and soaring sales of consumer items, including electronics, jewelry and footwear. Manufacturers are working to reduce the manufacturing costs and processing costs of 3D printing gases and decrease downtime to provide the services at a low cost.
High costs of production
Due to the high cost of gas processing and the complex manufacturing process, organizations are exposed to potential hazards, limiting the growth of the 3D printing gases market. Oil and gas operators face major logistical challenges due to operations' geographical spread across continents and oceans. The high cost of downtime exacerbates the parts supply issue.
Because timely delivery of high-quality parts for maintenance and repairs is critical, most operators strive to minimize unscheduled downtime by stockpiling critical spare parts in large quantities. Downtime in the oil and gas sector is extremely costly, especially on remote and offshore rigs. According to one estimate, unplanned downtime costs an average offshore operator US$49 million per year. Annual costs for some offshore operators are significantly higher.
Due to the global pandemic, COVID-19 has impacted practically every industry globally, causing long-term repercussions that are expected to indirectly impact the overall industry's growth during the forecasted time. The 3D printing market has been harmed due to many local governing bodies imposing stringent regulations on companies for the production and fabrication of items.
The 3D printing gases market mostly relies on a few ingredients, and only through cross-country trade partnerships can output be improved. The industry has suffered a setback as a result of the viral outbreak.
Global 3D Printing Gases Market Segment Analysis
By type, the 3D printing gases market is segmented into argon, nitrogen and gas mixtures.
Argon to hold the lion's share in the segment's total sales.
Due to a surge in demand for inert gases in end-use sectors to match and cope with high Argons, principally required in 3D printing, the argon 3D printing gas accounted for a substantial portion of the globally 3D printing gas market. Argon aids in reducing the oxidation level of forged components by lowering the oxidation content within the print chamber, maintaining steady pressure to provide a stable and improved printing environment, limiting combustible dust during powder handling and sieving for increased safety, reducing powder clumping in the feed tube and curbing thermal stress via gradual cooling to prevent part deformity.
Source: DataM Intelligence Analysis (2021)
North America holds the dominant market share global 3D printing gases market.
The biggest market for 3D printing gases is in North America. The presence of some major industrial gas firms and extensive research and development activities in 3D printing in the region are important drivers driving the growth of the North American 3D printing gases market.
Furthermore, the healthcare and aerospace industries have seen considerable technological breakthroughs in product manufacture. Furthermore, the region's significant investment in technology development is likely to drive demand for 3D printing in the home market.
Source: DataM Intelligence Analysis (2021)
The global 3D printing gases market is highly competitive. Acquisitions are being undertaken to gain market share and expand the company's reach. For instance, in October 2018, Praxair, Inc. and Linde plc, both major participants in the globally specialized gases industry, completed a USD 90 million merger with U.S. Federal Trade Commission's permission. Linde PLC, the world's largest gas producer, was formed by combining these two behemoths.
Key players operating in the global market for 3D Printing Gases include Linde Plc, Praxair Inc., Air Liquide S.A., Air Products and Chemicals, Inc., Airgas Inc., Advanced Specialty Gases Inc., Alpha Packaging, Inc, Nexair LLC, Messer Group and Welsco Inc.
Overview: Linde Plc is a global leader in industrial gases and engineering, with sales of US$27 million (€24 million) in 2020. Chemicals and refining, food and beverage, electronics, healthcare, manufacturing and primary metals are among the end markets served by the company. Linde's industrial gases are utilized in many applications, including life-saving oxygen in hospitals, high-purity and specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde Group also provides cutting-edge gas processing solutions for growth, efficiency gains and emissions reductions.
Product Portfolio: To address industry demand for nitrogen, the company manufactures and operates air separators globally. It has complete cylinders, generators and on-site solutions to fulfill all volume and purity needs.
Key Development: Linde Plc and 3D Medlab discovered that their new argon-helium gas mixture ensures a more stable additive manufacturing process in producing advanced thin Ti64 medical devices. The companies tested the process gas between January 2020 and March 2021 to see how it affected spatter formation and process stability during laser powder bed fusion of Ti64 lattice structures. Linde Plc and 3D Medlab announced a partnership in July 2020.
The global 3D printing gases report would provide access to an approx. 66 market data table, 64 figures and 180 pages.
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