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Home->Fastener News->Commercial use of 3D printing picks up speedYou are the 678971 visitors
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Commercial use of 3D printing picks up speed

China makes headway in application and commercialization of 3D printing, paving way for high-quality manufacturing, end-user engagement

From aircraft units, car parts to musical instruments, 3D printing technology is pushing the limits of what can be made out of materials.

While relatively young, this new technique has established itself as one of the most disruptive technologies in decades.

According to consultancy Statista, the global 3D printing industry's output value is projected to reach $23 billion by 2022.

3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital profile. It is the opposite of subtractive manufacturing that features hollowing out a piece of material with a milling machine.

"'Additive' means laying down successive layers of material until the object is created, and each of these can be regarded as a sliced, horizontal cross-section of the eventual item," said Michael Agam, president of South Asia at Stratasys, an additive manufacturing solution provider based in the United States.

Stratasys provides technologies that are used to create prototype, manufacturing tools and production parts for industries from aerospace, automotive, healthcare to consumer products.

"3D printing enables you to produce complex (functional) shapes using less material than traditional manufacturing methods," Agam said.

Falling product costs, ease of customization of goods, as well as government incentives are helping China emerge as an Asia leader in additive manufacturing.

China's 3D printing industry is expected to reach $7.68 billion in output value, or one-third of the global market by 2020, according to a forecast by the China Industry Information Institute.

Consultancy IDC estimates the country will pour in $1.9 billion into the sector this year. This makes it the third-largest market behind the US and Western Europe.

Beijing has homed in on a series of policies to advance 3D printers. In the past, the Ministry of Industry and Information Technology, the industry regulator, had released the National 3D Printing Industry Development Plan (2015-2016), which established goals for the sector's innovation and commercialization.

Source: China Daily

2019/4/19 12:30:00

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