Why Did Global Chemical Giants Jump into 3D Printing Industry?
There has been worldwide growth in the 3D printing industry since former US President Barack Obama addressed the importance of 3D printing, calling for industry growth in the United States in 2013. According to Wohlers Report and a McKinsey Report, we have witnessed annual growth rate of 25% and can expect an overall business impact of USD 100 billion by 2025.
In South Korea, hundreds of SMEs have entered 3D printing or the 3D printing service industry and this has become one of the key technologies in the fourth industrial revolution. Six years from now, how has the Asian region, especially, South Korea’s situation changed?
As with all new technologies, the 3D printing industry in South Korea has also undergone ups and downs. The ‘Maker Movement’, which originated from the United States, did not grow in major Asian countries such as China, Korea and Japan due to cultural differences. Even though industrial demand for aerospace, automotive, medical, dental and jewelry has exploded in Asian region, many domestic 3D printer manufacturers, especially of desktop FDM printers, have closed down due to insufficient demand.
Then, how did global corporations react to the 3D Printing revolution?
In short, multinational chemical giants chose 3D printing materials instead of hardware or software, pursuing partnerships with global equipment manufacturers and software companies to co-provide one-stop solutions.
One example, BASF, one of the world’s largest chemical companies, entered the 3D printing materials industry through its subsidiary in September 2017. In 2018, BASF acquired Advanc3D Materials, Setup Performance, and Dutch filament manufacturing company Innofil3D, which are major materials companies. BASF also partnered with global 3D printing companies such as EOS and Materialise pioneering various sales channels.
Henkel, a German chemical and consumer goods company with 143 years of history, has also entered the 3D printing materials business. Henkel does have 3D printer products (Loctite) developed in-house, but Henkel’s main fields are various industrial resin materials, post-processing, and adhesives. Henkel also seeks synergies through collaboration with major manufacturers such as Carbon and HP.
American multinational chemical corporation, Dow Chemical, has developed the world’s first liquid silicone rubber material for 3D printing. Dow offers new possibilities for the 3D printing industry by combining the advantages of silicon materials such as heat resistance, cold resistance, UV resistance, elastic restoration with the shape properties of rubber materials. Dow also partners with Germany’s German RepRap to expand into various manufacturing fields.
Royal DSM with a history of more than 25 years in additive manufacturing also entered 3D printing material market. DSM has developed polymer resins and industrial filaments that can be used for various 3D printing methods such as FDM, SLA, DLP, etc., and is targeting global markets through partnerships with global equipment manufacturers and platform companies such as Ultimaker and Origin. Additionally, Solvay, Arkema, Sabic and Evonik have also invested in entering the 3D printing market.
GE Additive, one of the world’s largest suppliers of metal 3D printing equipment and services, employs, currently, more than 1,000 scientists and engineers working on metal materials. GE Additive offers a full range of metal powder, 3D printing equipment and support services including various metal materials as titanium, cobalt, nickel, and copper. GE is taking full advantage of this technology to build aircraft and expects to save $3 billion to $5 billion in manufacturing costs over the next decade.
More stories? You can meet all the above mentioned global industry experts at Inside 3D Printing Seoul taking place on June 26-28 at KINTEX (Seoul), South Korea. Inside 3D printing Seoul is Asia’s premier additive technology event with 10,000 visitors, 100 exhibitors and 40 world-class speakers from 28 countries.
For more information, you can visit our official website or contact Inside 3D Printing Secretariat (email@example.com).
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
CELLINK Bioprinter Enables Bioprinted Hair Follicles for Skin Regeneration and More
In a landmark achievement, researchers at Rensselaer Polytechnic Institute in New York have successfully 3D-printed hair follicles in lab-grown human skin tissue, marking a significant advancement in the field of...
Iowa Demolishes Its First 3D Printed Home
In May 2023, the city of Muscatine, Iowa embarked on an ambitious plan to construct 3D printed homes. The weekend before Thanksgiving, the first such home was demolished. This project,...
BICO’s Revival: A Fresh Era with Maria Forss at the Helm
Swedish biotech company BICO (STO: BICO) has been making waves in the industry recently. Ever since Maria Forss assumed the role of CEO in November 2023, the company seems to...
3D Printing Webinar and Event Roundup: November 26, 2023
Things are getting busy again in terms of 3D printing webinars and events! This week is the RSNA annual meeting, the World Manufacturing Forum, and more. HP is holding an...
Upload your 3D Models and get them printed quickly and efficiently.