Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

The GCC and Levant 3D printing materials market is projected to surpass US$ 0.7 million by the end of 2027, in terms of revenue, growing at CAGR of 17.5% during the forecast period (2020 to 2027).

Drivers

Growth in the organ transplant surgeries in the GCC region has augmented the demand for 3D printing materials, thus fueling the market growth. According to the American Academy of Cosmetic Surgery Hospital, 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.

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.

Market Restraints

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.

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

Market Opportunities

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 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 1. GCC and Levant 3D Printing Materials Market – Opportunity Analysis

GCC and Levant 3D Printing Materials  | Coherent Market Insights

Market Trends

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 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.

Figure 2. GCC and Levant 3D Printing Materials Market, Revenue Share (%), By Application, 2019

GCC and Levant 3D Printing Materials  | Coherent Market Insights

On the basis of application, electronics & consumer dominated the GCC and Levant 3D printing materials market in 2019 with around 21% of market share in terms of revenue, followed by industrial and medical, respectively.

Competitive Section

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.

Few Recent Developments

3D Systems

  • 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.

The GCC and Levant 3D printing materials market is majorly driven by rising product demand in the various end-user industries electronics and automobile. 3D printing technology is being increasingly adopted by electronics and automobile manufacturing companies across the globe owing to its various advantages such as faster production of complex designs, reduction material loss, and high accurate.

Market Dynamics

The GCC and Levant 3D printing materials market has witness a surge in market growth in terms of revenue in recent past years, owing to the growing demand for cost efficient organs replacement surgeries in the healthcare sector, which in turn, has provided the lucrative growth to the GCC and Levant 3D printing material market in recent past years.

GCC and Levant 3D printing materials market is driven by factors such as the rising growth of retail sector in the region, reducing cost of production, and the growth of new supply chains. The steady expansions of manufacturing units of 3D printing materials in the region, coupled with the rise of 3D printing technology based startups, has significantly bolstered the 3D printing materials market in the region.

Key features of the study:

  • This report provides in-depth analysis of GCC and Levant 3D Printing Materials market size (US$ Million and Kilogram), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the GCC and Levant 3D Printing Materials market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plant
  • Key companies covered as a part of this study includes 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co. Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC, and MatterHackers Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The GCC and Levant 3D Printing Materials market report caters to various stakeholders in this industry including investors, suppliers, GCC and Levant 3D Printing Materials manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the GCC and Levant 3D Printing Materials market

Detailed Segmentation:

  • GCC and Levant 3D Printing Materials Market, By Filament Type:
    • ABS
    • PLA
    • HIPS & PVA
    • Nylon
    • Wood
    • PET
    • Metals
    • Ceramics
    • Others
  • GCC and Levant 3D Printing Materials Market, By Application:
    • Electronics & Consumer Goods
    • Automotive
    • Medical
    • Industrial
    • Education
    • Aerospace
  • GCC and Levant 3D Printing Materials Market, By Diameter Type:
    • 1.75 mm
    • 3 mm
    • Others
  • Company Profiles
    • 3D Systems*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Stratasys Ltd.
    • Beijing Tiertime Technology Co. Ltd.
    • ExOne Co.
    • 3D Filament Manufacturing
    • Coex LLC
    • MatterHackers Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Filament Type
      • Market Snippet, By Application
      • Market Snippet, By Diameter Type
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. GCC and Levant 3D Printing Materials Market, By Filament Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • ABS
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • LA
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • HIPS & PVA
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Nylon
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Wood
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • PET
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Metals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Ceramics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  5. GCC and Levant 3D Printing Materials Market, By Application, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Electronics & Consumer Goods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Medical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Education
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Aerospace
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  6. GCC and Levant 3D Printing Materials Market, By Diameter Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • 1.75 mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • 3 mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Plastic2Oil
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • 3D Systems, Stratasys Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Beijing Tiertime Technology Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ExOne Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • 3D Filament Manufacturing
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Coex LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MatterHackers Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 20 figures* on "GCC and Levant 3D Printing Materials Market” – global forecast to 2027

Frequently Asked Questions

The market for GCC and Levant 3D printing materials is forecast to surpass US$ 0.7 Million by 2027 witnessing a CAGR of 17.5% between 2020 and 2027.
Growing use of 3D printing materials for manufacturing complex structures for the aerospace industry and increasing investments by governments for development of product innovations is fuelling the growth of the 3D printing materials market in the region.
Increasing adoption of multi-material filament among manufacturers and increasing adoption of Nylon and Metallic filaments across the industries are expected to favour market growth over the forecast period.
Health risk associated with the exposure to toxic products used in the printing and lack of strict and uniform guidelines for the manufacturing of the 3D printing materials is expected to hamper the growth the market during the forecast period.
Major players operating in the GCC and Levant 3D printing materials market include 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co. Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC, and MatterHackers Inc.
The GCC and Levant 3D printing materials market was estimated to be valued around US$ 0.25 million in terms of revenue in 2019.
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