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M&M Releases Global 3D Printing Gas Market Analysis Report
According to M&M's research, the company expects the global 3D printing gas market to grow from $26.92 million in 2015 to $45.12 million in 2020, a compound annual growth rate of 10.88%.
Undoubtedly, the rapid growth of these figures in the 3D printing gas market is consistent with the global growth of the 3D printing industry itself. Clearly, as the production of industrial grade 3D printed parts increases, so does the demand for these gases and their mixtures. M&M's research, starting in 2014, predicts changes in market size from the end of 2014 to 2020, and examines the drivers of the industry, such as further industrialization, technological change, innovation, and increased demand in the medical industry. .
Although this is a very small market segment, there is very little data available. But based on the revenue data of “key suppliers†and referring to their products, M&M can finally estimate the size of the entire market. According to the data in the report, these key suppliers are:
BASF (BASF, Germany)
Linde Group (Germany)
French Air Liquide Group (AirLiquideSA, France)
Praxair (USA)
Air Products and Chemicals (USA)
“...We divide the entire market into segments and sub-segments and then conduct extensive research and verification through key interviews with key people such as CEOs, vice presidents, directors, managers, etc.†M&M The research team said in their report, "After we analyzed and processed the data, we got accurate statistics on the entire market."
M&M believes that argon and its gas blends are expected to remain dominant throughout the market. Areas where demand growth is high include: health care, consumer products, automotive, aerospace and military, education and research.
The M&M team expects that North America will still have a large market share, while Europe's use of gas will grow rapidly. The large-volume product form in the 3D printing gas market will present a bottled approach. This is also a way that suppliers often use, safer, more economical, and easier to distribute.
M&M Releases Global 3D Printing Gas Market Analysis Report
Introduction: Not long ago, well-known manufacturing industry research institute MarketsandMarkets (M&M) released a research report on the 3D printing gas market. Don't be surprised, the 3D printing gas here is not using gas as raw material to print anything in 3D, but refers to the inert gas used in metal 3D printing. It is well known that in metal 3D printing technology, metal powder particles are mainly used as a raw material. The finer the metal particles, the more susceptible they are to other factors such as oxidation. To avoid contamination of metal particles and create a stable 3D printing environment, manufacturers often need to use high quality inert gases when printing. Among them, argon is commonly used, which can eliminate oxidation and many reactions, and can also be mixed with other gases. Nitrogen also has similar benefits and is more economical.