Additive Manufacturing in ASEAN to generate US$100 billion economic value by 2025

At the official launch of its AM TechCenter Hub in Singapore, German conglomerate thyssenkrupp also shared a comprehensive white paper on additive manufacturing (AM) potential in the ASEAN region which they projected could generate US$100 billion economic value by 2025.

The white paper titled “Additive Manufacturing: Adding Up Growth Opportunities for ASEAN” offered a deep insight and perspectives of AM in the ten member countries making up ASEAN. Despite the wider acceptance of AM globally, current penetration is still relatively low across ASEAN although this can only mean huge potential in the years to come with greater awareness and adoption. Some key highlights include:

Key highlights of "The State of Additive Manufacturing in ASEAN today" white paper
Key highlights of “The State of Additive Manufacturing in ASEAN today” white paper.

“Additive manufacturing will surely be an innovative solution to further drive growth in ASEAN, as long as stakeholders work together to continue building awareness as well as a supportive ecosystem for additive manufacturing adoption and development. We have found such an ecosystem in Singapore, and that is one of the key reasons in establishing our first additive manufacturing TechCenter Hub outside of Germany,” said Mr Jan Lueder, CEO of thyssenkrupp Regional Headquarters Asia Pacific.

The TechCenter Hub in Singapore will be the regional hub for the company’s existing TechCenter in Mulheim an der Ruhr in Germany, and will focus on innovations around additive manufacturing solutions in metal and plastic technologies for customers in marine and offshore, automotive, cement, chemical, mining and other heavy industries.

Mr. Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board and Dr. Donatus Kaufmann, Executive Board Member, thyssenkrupp, sign the certificate of collaboration marking the launch of thyssenkrupp’s Additive Manufacturing TechCenter Hub in Singapore
Mr. Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board and Dr. Donatus Kaufmann, Executive Board Member, thyssenkrupp.

“Singapore has invested more than $200 million in additive manufacturing-related research, to develop new capabilities that can better serve the growing demand in Southeast Asia. Singapore AM TechCentre Hub is an exciting and timely addition to our efforts in this area, leveraging our diverse manufacturing base and strengths in Industry 4.0 to create innovative solutions for its customers, from Singapore,” said Mr Lim Kok Kiang, Assistant Managing Director at Singapore’s EDB.

“The biggest roadblock for AM adoption is not the technology but lack of know-how today, and this is where we can create value for our customers building on our deep AM expertise,” said Mr Abhinav Singhal, Chief Strategy Officer for thyssenkrupp Regional Headquarters Asia Pacific and one of the authors of the white paper. “We believe that all stakeholders — governments, businesses, research institutions — should come together and harness the potential of additive manufacturing to truly transform the region’s industries and realize our shared vision of growth and development.”