Monday 20 September 2021

Qatar 3D printing market set for 19.6% growth

NEW DELHI, India, August 5, 2021

Qatar’s 3D printing market is projected to grow at a compounded annual growth rate (CAGR) of 19.6% during 2021-2027, said 6Wresearch, a premier, one stop market intelligence and advisory centre, in a new report.

Sustainable development has been distinguished as one of the top preferences in Qatar’s National Development Strategy, said the report titled “Qatar 3D Printing market (2020-2026F)”. There has been brisky improvement in green building sector of the country with the emergence of many high standard sustainable constructions in recent years.

However, Covid-19 caused the slowdown in construction sector in 2020 but the decline has been mitigated by infrastructure related spending ahead of the FIFA World Cup 2022, continue extension of LNG capacity, and fiscal and budgetary responses.

Mansi Bisht, Senior Research Analyst, 6Wresearch, said: “On the basis of technology, Selective Laser Sintering technology is anticipated to grow fastest in the upcoming years since it is the most efficient technology and could handle thousands of high-quality prints per week on uninterrupted production.”

“Far from being a technology used solely for creating prototypes in healthcare, automotive, construction etc. SLS technology has become a reasonable means of creating low-volume end parts and support parts, like jigs and fixtures across the industries.

“Also, the Qatar government is moving towards advance projects in healthcare and infrastructure where it would require the Selective Laser Sintering technology for rapid prototyping, manufacturing parts, tooling etc. which in turn would contribute to the growth of selective laser sintering during the forecast period,” Bisht added.

Kajal Saraswat, Research Associate, 6Wresearch, said: “By industry type, Education is the fastest-growing industries in the Qatar 3D printing materials market as major emphasis is on making engineering, medical and kindergarten learning more practical and realistic. In spite of the fact that the utilization of 3D printing in the education sector is at a developing stage, numerous institutions are starting to set up labs for 3D printing.”

“Further, the Qatar government has taken several measures to shield the major projects in the country and QR72.1 billion ($19.7 billion) were allocated to support and provide financial and economic incentives in the budget 2021.

“Moreover, the reality that the number of hotels offer luxurious offices, the request for futuristic rendering and building visualization is also growing in Qatar. This continually changing location has a significant demand for hospitality facilities and it’s only coherent that the architecture industry will develop to oblige this request,” Saraswat concluded. – TradeArabia News Service


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