Middle East and Africa 3D Printing Materials Market Size (2024 – 2030)

In 2023, The Middle East and Africa 3D Printing Materials Market was valued at $ 350.28 Million, and is projected to reach a market size of $ 704.61 Million by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 10.8%.

The technique of producing a three-dimensional object from a digital 3D model or a CAD model is known as 3D printing. The materials used in 3D printing are varied and may take many different shapes. The increasing need for products in sectors including architecture, automotive, aerospace, military, and medical replacements is driving the worldwide market for 3D printing materials. The future expansion of the 3D printing materials market will be aided by the favorable prognosis for the car industry. According to the poll, 32% of participants from the automotive and aerospace industries stated they are building or producing tools utilizing 3D printed materials. Several resilient technologies, including Fused Filament Fabrication (FFF), are utilized in the production of prototypes and final components. In the automotive business, 3D-printed scale models with high detail, accuracy, and smoothness are commonly used to illustrate concepts and designs of new automobiles. This industry is said to be mostly driven by plastics. Moreover, throughout the forecast period, the market for 3D printing materials is expected to grow due to new technological advancements and material innovations.

Key Market Insights:

A new stereolithography 3D printing resin called Somos WaterShed Black was launched by Royal DSM. The Somos WaterShed XC 1 1 122 technology, which processes up to 50% quicker than conventional black photopolymers, is the foundation of the new 3D printing resin.

With the potential to do additive manufacturing, DSM's Resins & Functional Materials (RFM) Company was bought by Covestro.

Sauber Motorsports AS and 3D Systems Corporation entered into a long-term cooperation to construct a high-production internal plant to support the wind tunnel operations made possible by 3D System technology. The business supplied high-quality Sauber components for revisions of the aerodynamic model using 3D printing.

Three new 3D printers from Stratasys Ltd. cover a significant chunk of the multibillion-dollar market opportunity for additive manufacture of end-use parts. All of the systems work together to hasten the transition from conventional to additive manufacturing for low-to-mid-volume production applications that are not well-served by conventional manufacturing techniques.

Middle East and Africa 3D Printing Materials Market Drivers:

The creation of novel materials for 3D printing of industrial quality is boosting market growth:

The 3D printers themselves are not as significant as the materials that are utilized in them. Although ceramics, metals, and even biocompatible materials are now accessible for 3D printing, polymers were formerly the most widely utilized materials in this process. It is anticipated that the creation of novel materials for 3D printing would aid in the expansion of the applications of these techniques in specialized fields like printed electronics and the energy and power sectors. A one-of-a-kind filament consisting of polylactic acid (PLA) and up to 90% metal has been used by The Virtual Foundry (US). Any FDM-based 3D printer can produce copper, brass, and bronze objects with this unique filament. The aerospace and defense sectors have led to the fast rise in popularity of composites as a material for 3D printing. It is anticipated that the creation of these new industrial-grade 3D printing materials will also create new opportunities for AM's growth, especially in applications where the necessary material qualities are crucial.

Growing Use of 3D Printing Technology in the Healthcare Sector Increasing the Market Value of 3D Printing Materials:

The use of bio-based products in the healthcare industry is growing. In this field, 3D printing technology may be utilized to create prosthetic limbs, surgical instruments, and patient-specific models of blood arteries, organs, and bones. The use of 3D printing technology is anticipated to increase over the next several years due to a rise in the demand for implants as well as an increase in surgeries and other medical treatments. Consequently, it is expected that throughout the forecast period, this will propel market development. Because incompatibility might result in a patient experiencing a foreign body response, vendors in the market are concentrating on creating materials that are safe and compatible. Inflammation, a slowed rate of wound healing, and other immune reactions may arise from this. Modern dentistry is utilizing cutting-edge technology. Using Additive Manufacturing (AM) processes, Computer-aided Design and Manufacturing (CAD/CAM) creates personalized dental implants and other dental instruments. Therefore, it is anticipated that the market for 3D printing materials will grow during the projected period due to the growth in demand for dental implants.

Middle East and Africa 3D Printing Materials Market Challenges:

The development of inexpensive 3D printing materials might impede market expansion:

Concerns about the growing industry have been raised by the expensive cost of 3D printing materials. Although several uses for 3D printing materials have been identified, their high cost has resulted in several limitations. One of the biggest challenges facing leading manufacturers and researchers is creating low-cost solutions for the production of materials for 3D printing. Only luxury and high-end vehicles employ 3D printing materials because of their exorbitant cost. Other profitable automobile areas provide a lot of potential for 3D printing materials. The market for 3D printing materials is led by the consumer and industrial sectors, which are anticipated to hold a dominant position because of lower manufacturing costs.

Middle East and Africa 3D Printing Materials Market Opportunities:

The market may be stimulated by the use of 3D printing technology in home printing:

While 3D printing has been around for thirty years, the availability of home 3D printers is credited with the recent spike in popularity. These home printers are on the market because of their affordable costs, which raises demand for home 3D printers and propels the market for 3D printing materials to expand quickly. These printers enable customers to produce inexpensive goods in a comparatively short amount of time and are now found in homes, workplaces, computer stores, and retail centers.

MIDDLE EAST AND AFRICA 3D PRINTING MATERIALS MARKET REPORT COVERAGE:

Middle East and Africa 3D Printing Materials Market Segmentation

Middle East and Africa 3D Printing Materials Market Segmentation: By Type

• Polymers
• Ceramics
• Metals
• Composites
• Others

The market for 3D printing materials in the Middle East and Africa was dominated by Polymers. The growing market for plastics will be fueled by the growing need for 3D printing technology as well as the growing need for high-performance materials from the automotive, aerospace, and military industries. The need for plastics in the worldwide market will also be increased by simple prototyping, cheap cost, low weight, and minimal material loss in the production of complex designs.

Over the course of the projection period, the metals section is expected to increase at the quickest rate. In the medical field, metal is a highly favored material for creating prostheses and implants. Due to the quicker manufacturing time and zero material loss, metals will be more in demand for 3D printing. Moreover, the use of 3D-printed metal components in industrial, automotive, and aerospace equipment is boosting the market's need for metals.

Middle East and Africa 3D Printing Materials Market Segmentation:  By End-Use Industry

• Aerospace & Defense
• Healthcare
• Automotive
• Consumer Goods
• Construction
• Others

The market for 3D printing materials is divided into automotive, aerospace and defense, industrial, medical, and other segments based on the end users. Aerospace and defense account for the majority of the market share among end users. Parts of an aircraft, such as jigs, wings, and engine parts, are 3D printed in metal. The aerospace and defense sector has benefited from the simple integration of 3D printing technology due to its capacity to produce lightweight, affordable components with precise dimensions, which has led to growth in the market.

Over the course of the projection period, the automotive industry is expected to experience significant growth. The automobile sector has witnessed a surge in demand for 3D-printed polymers and metals owing to their advantageous attributes, including reduced weight and precise dimensions. The market is expected to be driven by the expanding automotive sector and the increased demand for these materials from automotive applications.

Middle East and Africa 3D Printing Materials Market Regional Overview:
 

• United Arab Emirates (UAE)
• Saudi Arabia
• Qatar
•  Israel
• South Africa
• Nigeria
• Kenya
• Egypt
• Rest of MEA

Africa and the Middle East have embraced 3D printing technology, which is expected to grow in several industries there. The retail industry market and household expenditure have both shown favorable trends in tandem with Africa's economic growth. This may lead to the construction of more logistical hubs and warehouses in the area, which would support the expansion of the 3D printing industry. In April 2016, H.H. Sheikh Mohammed unveiled the Dubai 3D printing strategy to elevate Dubai's and the UAE's stature while also utilizing 3D printing technology in the human services sector. By 2030, this strategy hopes to establish Dubai as a global center for 3D printing technology and guarantee that 25% of the city's structures will be built using this technology.

Stratasys, Ltd. is a prominent supplier of additive manufacturing solutions including 3D printers. It provides enterprise solutions, small and big organizations, and people worldwide with goods and services. It offers desktop, workplace, and industrial 3D printers for manufacturing. About 130 materials for 3D printing are offered by Stratasys, Ltd., comprising 10 thermoplastics and 120 photopolymers. The business employs a variety of marketing strategies, including direct mail, social media, web marketing, and industry associations, to reach customers.

COVID-19 Impact on Middle East and Africa 3D Printing Materials Market:

Globally, the COVID-19 epidemic has hurt several economies. Globally, the market for 3D printing materials is negatively impacted by the COVID-19 epidemic overall. However, because of a spike in demand for medical supplies and devices for COVID-19 therapy, the healthcare industry was the one least affected in the worldwide market for 3D printing materials. Globally, 3D printing businesses and manufacturers now have several prospects as a result of the pandemic's usage of 3D printing materials to produce medical supplies and personal protective equipment. For instance, the primary materials utilized in the 3D-printed face shield are PLA and Polyethylene Terephthalate Glycol (PETG). Numerous healthcare firms employed PETG material to make face shields for their clients because of its great resilience to temperature and external weather conditions, as well as its food-safe polymer. The COVID-19 pandemic's widespread usage of PLA and PETO materials has increased demand for 3D printing materials worldwide. Due to the growing demand from the global healthcare and industrial sectors, the market for 3D printing materials is anticipated to recover quickly. Hospitals and other healthcare facilities are requesting more 3D printers and eco-friendly printing materials to manufacture respirator valves, masks, electrical syringe pumps, face shields, and intubation equipment.

Middle East and Africa 3D Printing Materials Market Recent developments:

The competitive environment for material 3D printing shows a rather dispersed market. A company's ability to dominate the market depends on its diverse product line and the introduction of new 3D printing materials for a range of uses. Additionally, it is anticipated that the company's market share will grow as a result of ongoing innovations made by the major competitors to enhance the physical characteristics and lower the price of 3D printing materials. Companies are adopting a range of growth methods, including expansion, joint ventures, and acquisitions, as a result of the increasing demand for 3D printing in the materials business, which includes the automotive, aerospace, medical, and consumer industries.

 Key Players:

1. 3D Systems
2. Stratasys Ltd
3. Beijing Tiertime Technology Co
4. ExOne Co
5. 3D Filament Manufacturing
6. Coex LLC
7. MatterHackers Inc
8. Acram AB
9. Desktop Metal
10. Hewlett Packard Inc

• In April 2023: The additive manufacturing materials division of Covestro AG was purchased by Stratasys. The acquisition includes a broad spectrum of intellectual property portfolios, including hundreds of patents and pending patents, R&D facilities, worldwide development and sales teams spanning Asia, the U.S., and Europe, and a product portfolio of about sixty additive manufacturing materials. The business was able to increase the range of 3D printing materials it offers thanks to this purchase.
• In September 2022: LNPTHERMOCOMP AM DC0041XA51, a new flame-retardant 3D printing material from SABIC, is intended for use in the railway sector. The material was introduced by the business at InnoTrans 2022 in Berlin.