Asia Pacific Industrial 3D Printing Market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).

3D printing also known as additive manufacturing is the process of creating three dimensional solid objects from any normal digital file. It is an additive process where an object is created by arranging down successive deposits of material till the article or entity is created. The additive manufacturing is a relatively newer concept and fabrication technique where the final products are created layer-by-layer instead of traditional manufacturing

The Asia Pacific market for industrial printing includes segmentation by offering, application, process, technology, industry, and geography. Based on offering the market comprises of materials, printers, software, and services. On the basis of process, the market consists of material extrusion, binder jetting, material jetting, direct energy deposition, sheet lamination, vat photopolymerization, and powder bed fusion. Considering the technology segment, the market comprises of fused deposition modelling (FDM), direct metal laser sintering (DMLS), stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), polyjet printing, laser metal deposition (LMD), inkjet printing, laminated object manufacturing (LOM), and digital light processing (DLP). Robotics, tooling, and heavy equipment & machinery are the various application areas based on which the global market is segmented for industrial 3D printing. Aerospace & Defense, Printed Electronics, Automotive, Food & Culinary, Healthcare, Jewelry, and Foundry & Forging are the different industry verticals that are considered under the scope of the report.

Japan has reported that the country’s overall demand for 3D printing technology was growing, further revealing that total sales within its domestic market reaching a few hundred million making an annual growth of more than 104.4%. Similarly, the 3D printing in China has also advanced impressively, considering the fact that the country was not amongst the first adopters of this technology. The plan made by the Chinese government focuses on strengthening the research and development, along with accelerating applications related to 3D printing and its simultaneous adoption in different industry verticals. MIIT will also be increasing the overall fiscal support for different 3D printing companies, to encourage diverse financing models, comprising of the stock market listings, or the issuing of bonds. Foreign companies are encouraged by the Chinese government to set up their research and development centers in China, along with a few domestic companies that have already had most of their products recognized internationally.

As the additive manufacturing technology expands in China, so do the risks that are associated with the technology. Plans are made to combat those risks where, it is proposed that a real-name registration system related to the purchase of additive manufacturing equipment should get established, along with a system for filing information based on the equipment as well as a system for registration or filing of users’ certification. It is expected to help in curbing criminal activities, like the illegal production of goods that are using 3D printing and the culprits will get punished accordingly as per the law.

China, India, Japan, South Korea, and Australia are some of the key countries that been the major contributors to the growth of Industrial 3D Printing market in Asia Pacific region. Growth in industries using 3D printing have been key factors to boost the growth of industrial 3D printing in the Asia Pacific region.

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