APMEN will be hosting a Webinar: Additive Manufacturing (AM) Deployment and Future Developments in Southeast Asia, on 24 Nov and 15 Dec 2020.
3D Printing On Track For Growth
Additive manufacturing (AM), or 3D printing, has been around for nearly 40 years, but it is the ongoing global health issue that has truly tested the speed, agility and efficiency of 3D printing to create and deliver the desperately needed healthcare equipment and devices. AM is proving in real time that it speeds production, allows flexibility, and brings new ideas to market quicker at lower cost.
AM or 3D printing technology is continuously growing at a fast rate due to its numerous effects on processing, and is supporting manufacturers to achieve a higher level of performance. According to Fortune Business Insights, the global 3D printing market stood at $8.58 billion in 2018, and is projected to grow at 25.8 percent annually from 2019 to 2026 to reach $51.77 billion at the end of the forecast period.
The 3D-printed materials produced are easy to modify as compared to the conventional production line, which makes this technology an advantageous choice in many aspects. 3D printing has been widely used across industries as it is cheaper, faster and more customizable, and hence reduces the cost associated with materials and labours. Increasing R&D activities in this field and growing demand for prototyping across industries such as healthcare, automotive, and aerospace and defence are some of the major factors driving the 3D printing market growth.
The Asia-Pacific market is projected to showcase fastest growth among the regions owing to government promotion of new-age technologies in manufacturing, rising demand for customized products, and the continued rise in foreign investments.
Despite having a rosy outlook, the 3D printing market is not without its set of challenges. While commercial 3D printing is gaining vital importance in the entire global manufacturing sector, the efficiency it yields is not without issues. A myriad of variables from machines to materials create production hurdles in AM. Also, parts built by additive processes today more closely resemble raw stock of a particular shape than they do machined parts. This means that secondary subtractive processes are almost always needed to achieve the final part.
In line with this, Asia Pacific Metalworking Equipment News (APMEN) will be holding a webinar on 24 Nov and 15 Dec 2020 aimed at helping manufacturers understand 3D printing better through different successful deployments, experiences gained during such deployments, and the way forward for AM in Southeast Asia.
>>If you would like to learn more about the webinar, register your interest or enquire more about the sponsorship opportunities, please CONTACT US HERE!<<
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