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China 3D Printing Industry and Market Analyze29/3/2023
China 3D Printing Industry and Market Analyze In February 2020, the Standardization Administration of China, together with six departments, issued the Action Plan for Leading Additive Manufacturing Standards (2020-2022), proposing that "a new standard system for additive manufacturing based on China's national conditions and docking with the international market will be basically established by 2022". In addition, in order to enhance the level of international competition, it is planned to develop 80-100 "pilot" standards for additive manufacturing, and promote the internationalization of domestic standards, with the conversion rate reaching 90%. Data show that from 2016 to 2020, China's 3D printing market size has grown rapidly from 5.38 billion yuan to 20.3 billion yuan. Combined with the policy guidance at the national level and the development trend of the domestic 3D printing industry in the past six years, China's 3D printing market will exceed 63 billion yuan by 2025, with a compound annual growth rate of more than 20% from 2021 to 2025.Get more news about Get more news about pa powder printing,you can vist our website!,you can vist our website! From the perspective of industrial segmentation structure, according to the data released by CCID Consulting, China's 3D printing equipment market is the largest, with an output value of 9.254 billion yuan in 2020, which is mainly due to the high unit price of equipment and partial dependence on imports.Due to the unique suitability of many industrial parts, many companies provide customized services for additive manufacturing clients. Currently, the second largest market is the 3D printing service market, with an output value of 6.446 billion yuan in 2020. Due to the limited R&D level of 3D printing materials in China and the relatively low overall unit price of 3D printing materials, the scale is the smallest and the growth rate is the slowest at present. In 2020, the total output value is 5.059 billion yuan. China's manufacturing industry is currently transfer "made in China" into "intelligent manufacturing in China", based on the advantages of 3d printing technology in new product research and development and production with lower-cost and improved production efficiency, optimized quality, Chinese manufacturing enterprises is actively introducing 3d printing, improve the intelligent level of production to meet the demand for transformation and upgradation. China metal 3d printing technology is under the close attention of the capitals and attracts the most investments for the additive manufacturing developments. Among which, Metal Powder Bed Fusion, or known as Selective Laser Melting, applies metal powders with properties of high purity, good sphericity, narrow particle size distribution, low oxygen content. The density of the molded metal parts produced by metal 3d printer can reach nearly 100%; The mechanical properties such as tensile strength are better than those of castings and even reach the level of forgings. In China AM market, the metal powders mainly include titanium alloy, cobalt-chromium alloy, stainless steel and aluminum alloy materials, in addition to gold, silver and other precious metal powder materials used in printing jewelry.
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