GCC AND LEVANT 3D PRINTING MATERIALS MARKET ANALYSIS

Market Challenges And Opportunities

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 - Drivers

• Growth in the organ transplant surgeries in the GCC region
• Growth in the aerospace sector in the GCC and Levant regions

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.

GCC and Levant 3D Printing Materials Market - Opportunities

• Increasing initiatives by the government to set up 3D manufacturing labs
• Growth in the e-retailers in the GCC region selling 3D printing

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.