The APAC 3D Printing Gases Market, valued at USD 1.79 billion in 2023, is projected to grow at a CAGR of 14.5% during the forecast period.
APAC 3D Printing Gases Market Overview:
3D printing gases, such as argon and nitrogen, are essential in controlled environments, where these gases help ensure the production of high-quality products by shielding materials and processes from contamination. Additive manufacturing benefits from these inert gases, as they provide a stable atmosphere critical for achieving stringent quality standards. These gases, particularly nitrogen and argon, are vital in preventing contamination and ensuring that products meet high-performance criteria across various industries.
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APAC 3D Printing Gases Market Drivers:
The growing need for inert gases is largely driven by industries such as aerospace and healthcare, which have high demands for strict resistance standards. The rising application of 3D printing gases across sectors like automotive, aerospace, defense, healthcare, and consumer goods is fueling market growth. Additionally, the industrial sector’s increasing focus on advanced manufacturing methods and pollution control is also boosting demand for gases like nitrogen and argon, which play a crucial role in material production processes.
APAC 3D Printing Gases Market Segment Analysis:
- By Gas Type: The market is segmented into argon, nitrogen, and gas mixtures. Argon accounted for over half of the market share in 2023 due to its widespread use in end-use industries requiring high-resistance materials, particularly in 3D printing.
- By Technology: The market is segmented into stereolithography, laser sintering, poly-jet, and others. Stereolithography led the market in 2023 and is anticipated to grow at a CAGR of 9.1% throughout the forecast period. The poly-jet segment is expected to register the highest growth, with a CAGR of 10.12%, driven by increasing research and development activities in developing regions.
- By End-Use Industry: The market is divided into automotive, aerospace & defense, healthcare, and others. Aerospace and defense dominated the market with a 35% share in 2023 due to stringent government regulations for industry compliance. The healthcare segment is poised for significant growth during the forecast period, driven by technological advancements aimed at cost-effective machinery and equipment.
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APAC 3D Printing Gases Market Regional Insights:
The Asia-Pacific region is anticipated to witness substantial growth, driven by the increasing demand for 3D printing in industries like aerospace and consumer goods. Sectors such as footwear, jewelry, and equipment manufacturing are expected to bolster the demand for 3D printing gases in the region throughout the forecast period.
APAC 3D Printing Gases Market Key Players:
- BASF SE (Germany)
- The Linde Group (Germany)
- Air Liquide S.A. (France)
- Praxair Inc. (U.S.)
- Air Products and Chemicals Inc. (U.S.)
- Iwatani Corporation (Japan)
- Airgas Inc. (U.S.)
- Matheson Tri-Gas Inc. (U.S.)
- Messer Group (Germany)
- Iceblock Ltd. (Ukraine)
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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