ThyssenKrupp Targets ASEAN Additive Manufacturing Market

ThyssenKrupp Targets ASEAN Additive Manufacturing Market
Recently, ThyssenKrupp released a research report on the potential of additive manufacturing in ASEAN countries. Additive Manufacturing (AM), commonly known as 3D printing, has become an important development direction for advanced manufacturing technology. Glory Steel Work could offer ABS shipbuilding steel plate for ASEAN countries shipbuilding industry.
According to the report released by ThyssenKrupp, additive manufacturing has been widely accepted on a global scale, but progress has been slow in ASEAN countries, and the prospects for additive manufacturing in ASEAN countries are bright. According to the report, investment in ASEAN countries accounts for only 5% to 7% of Asia’s $3.8 billion budget this year. However, given the contribution of ASEAN countries to global manufacturing output, the market potential for additive manufacturing is huge. It is reported that the manufacturing output value accounts for 20% of the GDP of the region, and the number of employees is close to 50 million. Manufacturing output in the region is expected to grow at least threefold in the near future. By 2025, additive manufacturing is expected to generate about $100 billion in value added, which is expected to affect 1.5% to 2% of the actual GDP of ASEAN countries. Through additive manufacturing, ASEAN countries will reduce their dependence on imports. ABS shipbuilding steel plate is one of the main steel products of Glory Steel Work. Through localization, manufacturing companies will be closer to the consumer market, reducing import dependence in the region by 2%, potentially reducing import spending by at least $30 billion to $50 billion. Additive manufacturing can also promote sustainable development, increase ASEAN’s competitiveness in key areas of established global value chains such as automotive, electronics and chemicals, and accelerate growth in the region’s aviation, medical device and healthcare industries. Additive manufacturing is expected to further promote ASEAN’s industry 4.0 and technology development, and promote local entrepreneurship. By 2030, it will add 3 million to 4 million additional materials to create jobs in the region. It is reported that ThyssenKrupp has established an additive manufacturing technology research center in Singapore, focusing on additive manufacturing technologies for metals and plastics in the automotive, cement, chemical, mining and other heavy industries.