ADDITIVE MANUFACTURING: WILL CHINA BECOME THE 3D PRINTING FACTORY OF THE WORLD IN THE NEAR FUTURE?

Răzvan Voinescu

Revista de Economie Mondiala / The Journal of Global Economics, 2021, vol. 13, issue 2, 23-47

Abstract: Additive manufacturing - or three-dimensional (3D) printing - refers to a group of technologies characterised by an accelerating maturation trend, which allow the creation of three-dimensional objects based on digital models, by sequentially applying and integrating layers of various traditional and innovative materials, from metals, polymers and ceramics, to graphene and other nanomaterials and composites. The technologies have applications in a variety of industries, from consumer goods production, automotive and aircraft parts, architecture and construction, to medical services and devices, or research and defence. Globally, the additive manufacturing market, which includes equipment, materials and 3D printing as a service, as well as their applications for prototyping and rapid manufacturing, has been valued at USD 15.4billion in 2020, with existing projections reflecting a four-fold increase to USD 61.1 billion in 2027. By the same date, China – the current 'factory of the world' – is projected to have a significant but less than one-quarter share of the global market – USD14.5 billion – against the backdrop of existing gaps difficult to narrow down.

Keywords: additive manufacturing; 3D printing; China (search for similar items in EconPapers)
JEL-codes: L10 L60 O14 O33 O53 (search for similar items in EconPapers)
Date: 2021
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