Middle East and Africa 3D Printing Metal Market

Middle East and Africa 3D Printing Metal Market 2023-2028

The Middle East and Africa 3D Printing Metal Market is expected to grow at a CAGR of 16% in the outlook period and will exceed the market cap of about USD 570 million by 2028.

Drivers and Restraints of the Middle East and Africa 3D Printing Metals Market

Metals are crucial in additive manufacturing which has resulted in the improved investments in this sector.  The 3D printing metal industry is witnessing a spike in demand from applications in the defense and aerospace industries. The construction sector in the Middle East region has been growing rapidly and the majority of the buildings in this region are expected to be based on 3D printing technology by 2026. 3D printing metal is used as a fuel nozzle and the augmented adoption in the making of crucial parts in the automobile and aerospace sectors is touted to boost the revenue and sales in this industry.

The extraction process involved in this market is likely to result in health concerns and harmful effects in the environment. In addition, the extraction expenses are relatively high, which is pushing the market players away from this business in developed economies.

3D Printing metal market has been segmented into the following categories:

On the basis of the Offering

1. Printer

2. Material

3. Software

4. Service

On the basis of the Process

1. Binder Jetting

2. Material Extrusion

3. Direct Energy Deposition

4. Material Jetting

5. Power Bed Fusion

The hardware components are foreseen to record a substantial share in the regional market compared to software in the coming years. By process, binder jetting is likely to expand with a steady growth rate in the MEA market.

Geographical overview and regional presence:

Already actively engaged in additive manufacturing, in South Africa the Department of Science and Technology elaborated in 2016 the official strategy to address the future market opportunities and position the country as a global competitor in this field. The strategy represents the attempt to optimize and capitalize on the development of this industry, showed by the growth in the number of 3D machines from 268 in 2011 to 3,500 by the end of 2016. Jewelry, prototyping, and tooling are the main applications of 3D printing metals, but several end-user sectors included in the area are aerospace and military, medical and dental, government strategies, manufacturing, automobile, materials development, and so on.

Israel is expected to witness the highest growth rate during the forecasted period, however, UAE will have the largest market share.

There are several market players who are asserting their dominance in the 3D printing metal market in the Middle East and Africa:         

1. 3D systems corporations

2. Stratasys

3. Sandvik Materials technology

4. LPW Technology

5. The ExOne company.

Impact of COVID-19 on the Middle East and African 3D Printing metal market:

The Middle East and Africa are currently facing an extreme economic slowdown amidst this pandemic and manufacturing sectors that require heavy require lubricants and coatings have gone stagnant. Foreign investments in the region, especially in the African countries have stopped as a result of the lockdown implemented in various European and North American countries. This pushes the 3D printing metal industry's growth rate at an earlier stage.   The construction sector which nearly uses 20% of the 3D printing for the building also suffered dearly during the pandemic which added to the woes of this sector. The situation is getting better with time and the normal market is expected to resume in 2021.