The draft for the 13th Five Year Plan regarding the plastics processing sector is currently being discussed, with source from the China Plastics Products Association saying that 3D printing materials will be the primary focus.
For the 13th Five Year Plan, targeted growth of plastics processing is believed to be around 7-8%, a significant decrease compared to the 12% increase planned for in the 12th Five Year Plan.
In fact, the target would not even be met according to the figures in the first quarter this year. An industry insider said a 10% growth is more likely.
Revenue growth of China’s plastics processing industry has dropped from 32.5% in 2011 to 4.24% in 2014, which is just one of the indications that the industry is entering a “New Normal” of slower growth while striving for better quality.
In a bid to accelerate upgrade and transformation, 3D printing is being identified as a key focus of advancement by the China Plastics Products Association.
Both metal and plastics can be used for 3D printing, the latter will likely become the mainstream material, according to US-based BCC Research. In particular, the fastest growth will be seen in thermoplastics with an annual rate of 20%, its report said.