
Middle East & Africa Plastics for SLS 3D Printing Market
No. of Pages: 95 | Report Code: BMIRE00030070 | Category: Electronics and Semiconductor
No. of Pages: 95 | Report Code: BMIRE00030070 | Category: Electronics and Semiconductor
The Middle East & Africa plastics for SLS 3D printing market was valued at US$ 13.10 million in 2022 and is expected to reach US$ 49.94 million by 2030; it is estimated to grow at a CAGR of 18.2% from 2022 to 2030.
The adoption of more recyclable SLS materials and processes in the global plastic for SLS 3D printing market is anticipated to play a significant role in aligning with sustainability goals and reducing environmental impact. This trend is driven by a rising awareness of the environmental footprint of manufacturing processes and a desire to minimize waste. For instance, a few companies are working on SLS-compatible plastics that can be reprocessed and reused in new prints, reducing material waste and cutting down on the need for virgin materials. Furthermore, there is an increasing focus on optimizing SLS processes to make them more energy-efficient. The advances in SLS machine design and printing parameters aim to reduce energy consumption while maintaining high-quality output. This shift toward more sustainable SLS materials and practices benefits the environment as well as aligns with the sustainability goals of many industries. It allows businesses to reduce their environmental impact while embracing the advantages of SLS 3D printing, making it beneficial for both manufacturing efficiency and eco-conscious practices. As sustainability remains a top priority across industries, the adoption of recyclable SLS materials and eco-friendly processes is expected to remain a future trend. Thus, the adoption of recyclable materials for SLS 3D printing is projected to boost the plastic for SLS 3D printing market growth in the coming years.
SLS 3D printing is a versatile technology used to produce a wide range of products, from prototypes to production components. In the Middle East & Africa, the demand for SLS 3D printing in various industries, such as automotive and aerospace & defense, is increasing. Further rising sales of vehicles in the region are expected to create lucrative opportunities for SLS 3D printing companies. According to the International Trade Administration, in 2020, Saudi Arabia accounted for 35% of the total vehicles sold in the Middle East & Africa. The report revealed that internal combustible engines (ICE) vehicles are expected to account for the majority of vehicles being driven in Saudi Arabia from 2021 to 2035. Further, it is estimated that 62,000 electric vehicles are likely to be sold in the Gulf Corporation Council and 91,000 electric vehicles in the Middle East & Africa by 2025. According to the Dubai Water and Electricity Authority, the total number of electric vehicles in Dubai is estimated to be ~7.33 thousand in 2023 and is expected to reach 12.85 thousand by 2025. Therefore, the aforementioned factors are expected to drive the demand for plastics for SLS 3D printing.
Strategic insights for the Middle East & Africa Plastics for SLS 3D Printing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 13.10 Million |
Market Size by 2030 | US$ 49.94 Million |
Global CAGR (2022 - 2030) | 18.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Plastics for SLS 3D Printing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa plastics for SLS 3D printing market is segmented based on type, end-use industry, and country.
Based on type, the Middle East & Africa plastics for SLS 3D printing market is categorized into polyamide, thermoplastic polyurethane (TPU), polyether ether ketone (PEEK), and others. The polyamide segment held the largest Middle East & Africa plastics for SLS 3D printing market share in 2022.
In terms of end-use industry, the Middle East & Africa plastics for SLS 3D printing market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. The others segment held the largest Middle East & Africa plastics for SLS 3D printing market share in 2022.
Based on country, the Middle East & Africa plastics for SLS 3D printing market is segmented into the UAE, South Africa, Saudi Arabia, Turkey, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa plastics for SLS 3D printing market in 2022.
BASF SE, Evonik Industries AG, Arkema SA, Stratasys Ltd, EOS GmbH, and CRP Service SRL are some of the leading companies operating in the Middle East & Africa plastics for SLS 3D printing market.
1. BASF SE
2. Evonik Industries AG
3. Arkema SA
4. Stratasys Ltd
5. EOS GmbH
6. CRP Service SRL
The Middle East & Africa Plastics for SLS 3D Printing Market is valued at US$ 13.10 Million in 2022, it is projected to reach US$ 49.94 Million by 2030.
As per our report Middle East & Africa Plastics for SLS 3D Printing Market, the market size is valued at US$ 13.10 Million in 2022, projecting it to reach US$ 49.94 Million by 2030. This translates to a CAGR of approximately 18.2% during the forecast period.
The Middle East & Africa Plastics for SLS 3D Printing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Plastics for SLS 3D Printing Market report:
The Middle East & Africa Plastics for SLS 3D Printing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Plastics for SLS 3D Printing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Plastics for SLS 3D Printing Market value chain can benefit from the information contained in a comprehensive market report.