GCC AND LEVANT 3D PRINTING MATERIALS MARKET ANALYSIS

GCC and Levant 3D printing materials market was valued at US$ 0.4 Mn in 2022, exhibiting a CAGR of 14.7% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 1.2 Mn by 2030. 3D printing materials are used in the manufacturing of various plastic and metal materials. 3D printing materials are widely used in the lightweight component of automobiles and aerospace. In the medical industry, it is used along with the biocompatible metal such as titanium and cobalt to produce medical implants. Moreover, 3D printing materials are also used in manufacturing of flexible geometries across various industries.

GCC and Levant 3D Printing Materials Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 has had a mixed impact on GCC and Levant 3D Printing Materials Market. Some of the factors that are affected by the pandemic is decrease in demand. Many industries that utilize 3D printing, such as aerospace, automotive and healthcare, experienced a decline in demand due to lockdown measures and reduced economic activity. This decline in demand for end products could have had a corresponding impact on the demand for 3D printing materials.  Another factor that is impacted by the pandemic is shift in focus. Some 3D printing companies redirected their efforts to contribute to the fight against COVID-19. For instance, they produced personal protective equipment (PPE), such as face shields and masks. While this shift in focus was beneficial for public health, it might have temporarily affected the overall demand for other 3D printing materials.

Figure 1 GCC and Levant 3D Printing Materials Market, By Application, 2022

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GCC and Levant 3D Printing Materials Market - Drivers

• Growth in the organ transplant surgeries in the GCC region

Growth in the organ transplant surgeries in the GCC region has augmented the demand for 3D printing materials, thus fueling the market growth. For instance, according to the American Academy of Cosmetic Surgery Hospital, in 2020, there has been a tremendous rise in cosmetic surgery procedures across the GCC and Levant countries. Thus, growth in surgeries is expected to accelerate the market growth of 3D printing materials. Moreover, the growing use of 3D printing materials in the manufacturing of complex structures for the aerospace industry is expected to augment the market growth of the 3D printing materials. Moreover, 3D also enables a high degree of customization for various aerospace components and also reduce the overhead costs for short-run components.

• Growth in the aerospace sector in the GCC and Levant regions

The expansion of the market for 3D printing materials is primarily being driven by growth in the aerospace industry in the GCC and Levant regions. This is attributed to the expansion of regional government investment as well as the economy's general economic growth. Additionally, it is anticipated that the market for 3D printing materials in the GCC and the Levant will grow faster due to increasing bulk production of 3D printing materials as a result of increased demand from the end-user industry and lower overall manufacturing costs.

GCC and Levant 3D Printing Materials Market - Restraints

• Health risk associated with the exposure to toxic products used in the printing and lack of strict

The health risk associated with the exposure to toxic products used in the printing is expected to restrict the adoption of the 3D printing materials. This is projected to negatively impact market growth over the forecast period. Moreover, lack of strict and uniform guidelines for the manufacturing of the 3D printing materials in the GCC region is expected to hamper the market growth. Due to this, only a few companies opt for 3D printing materials for producing finished products. According to the Coherent Market Insights analysis, in GCC, only 0.01% of the overall manufacturing industry leverages 3D printing technology to produce finished goods.

GCC and Levant 3D Printing Materials Market - Segmentation

On the basis of application, electronics & consumer dominated the GCC and Levant 3D printing materials market in 2019 with around 32.40% of market share in terms of revenue, followed by industrial and medical, respectively. 3D printing is increasingly used for manufacturing consumer products, such as customizes jewelry, fashion accessories, and electronic device casings. Materials with aesthetic appeal, such as various polymers and resins, are popular for this application.

Medial segment is also plays a significant role in GCC and Levant 3D printing materials market. Healthcare industry has been an important adopter of 3D printing technologies in the GCC and Levant. It is used for creating patient-specific medical models, surgical guides, orthopedic implants, and prosthetics. Biocompatible materials, such as medical-grade polymers and metals, are commonly utilized in this sector.

GCC and Levant 3D Printing Materials Market - Opportunities

• Increasing initiatives by the government to set up 3D manufacturing labs

Increasing initiatives by the government to set up 3D manufacturing labs across various sectors in the GCC region is projected to provide immense growth opportunity to the market. Moreover, rising awareness regarding operational cost-profit among manufacturers has led to the emergence of new 3D printing start-ups in the region. All these factors are expected to augment the market growth of the GCC and Levant 3D printing materials.

• Growth in the e-retailers in the GCC region selling 3D printing

Growth in the e-retailers in the GCC region that are selling 3D printing is expected to augment the market growth over the forecast period. E-retailers helps in reducing the supply chain gap between manufacturers and end-user and enable easy purchasing of the products. Thus, growth in the e-retail industry will favor market growth over the forecast period. 

Figure 2 GCC and Levant 3D Printing Materials Market, By Regional Analysis, 2022

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GCC and Levant 3D Printing Materials Market - Trends

• Increasing adoption of multi-material filament

Increasing adoption of multi-material filament among manufacturers in the Levant in the production of complex structures is expected to stimulate market growth. For example, in Israel, nylon and metals are used in combination to manufacture spare parts for aerospace and automobiles.

• Increasing adoption of Nylon and Metallic Filaments

Increasing adoption of Nylon and Metallic Filaments across the industrial sector in GCC and Levant is expected to foster market growth. Moreover, rising consumption of 3D Printing Technology in the energy sector is further anticipated to accelerate the market growth over the forecast period.

GCC and Levant 3D Printing Materials Market - Regional Analysis

Among (GCC), United Arab Emirates has been one of the leading countries in Gulf Cooperation Council (GCC) region in terms of adopting and investing in 3D printing technology, accounting with 46.60% in terms of value. The UAE has been actively promoting the use of addictive manufacturing in various sectors, including construction, healthcare and aerospace.

GCC and Levant 3D Printing Materials Market - Recent Developments

• In March 2020, 3D Systems has announced the availability of comprehensive test data for a number of its 3D printing materials. This is expected to increase transparency around material performance to allow engineers and manufacturers to make informed decisions about which materials are best suited to their application needs. 3D Systems Corp (3D Systems) offers comprehensive 3D printing solutions. The company design, develops, manufactures and markets 3D printers, software, plastics and metals, materials, and digital design tools. 3D Systems offers stereolithography (SLA) printers, selective laser sintering (SLS) printers, direct metal printing printers, multijet printing (MJP) printers and color jet printing (CJP) printers.
• In 2020, SABIC’s High-Performance Filaments (SABIC’s), a global leader in diversified chemicals based in Saudi Arabia, has been actively involved in the production of high-performance filaments for 3D printing. They have launched several materials including ULTEM and LEXAN, which are known for their excellent mechanical properties, heat resistance, and chemical resistance. SABIC continues to innovate and expand its portfolio of 3D printing materials. Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. 
• In 2021, Immense Technology Labs Industrial – Industrial-Grade Filaments: Immensa Technology Labs, based in the UAE, has introduced a range of industrial-grade filaments for 3d printing applications. Their product lineup includes materials such as ABS, PLA, PETG, and TPU, designed to meet the requirements of various industries. Immensa focus on providing high-quality, reliable materials suitable for both prototyping and end-use production. Immensa leverages additive manufacturing to provide spare parts on demand.
• In 2020, Innovus 3D’s Construction Materials: Innovus 3D, a company based in Jordan, specializes in large-scale 3D printing for the construction industry. They have launched construction-grade materials, including specialized concrete mixes and other composite materials, optimized for use in their 3D printers, Innovus 3D’s materials are tailored to meet the structural requirements of building projects while leveraging the benefits to addictive manufacturing.

GCC and Levant 3D Printing Materials Market - Key Players

Key players are operating in the GCC and Levant 3D printing materials market are 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co. Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC, and MatterHackers Inc.

*Definition: 3D printing, also known as additive manufacturing, is a method of creating a three dimensional object layer-by-layer using a computer created design. 3D printing is an additive process whereby layers of material are built up to create a 3D part.