Ultra high purity gases, calibration gases, and cylinder gas mixtures are used in many manufacturing processes and must be free from harmful contaminants that could interfere with controlled processes or vital instrumentation.
Biotechnology, chemicals, electronics, and metal fabrication are among the sectors that are big consumers of these gases. The increasingly sophisticated technology used in manufacturing, like lasers and plasma cutters that require pure gases and mixtures in order to operate efficiently, is driving growth for specialty gases and related equipment.
The new fabricator on the block is 3D printing/additive manufacturing (see “A Novice’s Guide to 3D Printing” and “The Role of Industrial Gases in 3D Printing of Metal Parts,” CryoGas International, May 2015, pg. 20 and 24 respectively) and according to MarketsandMarkets.com, the 3D printing/additive manufacturing gases market size is estimated to grow from $26.92 million in 2015 to $45.12 million by 2020, at a CAGR (compound annual growth rate) of 10.88 percent. Factors such as increasing demand from the design and manufacturing sectors, and growing demand from the healthcare sector, drive the 3D printing/additive manufacturing gases market in developed regions. Growth in healthcare, consumer products, and automotive industries in both developing and underdeveloped regions provides bonus opportunity to the additive manufacturing gases market.
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