Extrusion 1-2023

19 Extrusion 1/2023 ➠ Adsale Exhibition Services Ltd. ww.ChinaplasOnline.com 17 - 20 April, 2023 Shenzhen / PR China The global smart manufacturing market size, valued at US$259.63 billion in 2021, is estimated to hit US$787.85 billion in 2030 quick to adopt and are now rapidly tran- sitioning to this goal through digitaliza- tion, with augmented reality (AR), artificial intelligence (AI), and cloud tech- nology being utilized to meet production challenges. While investments into smart manufacturing solutions are relatively high, increased availability of 5G connec- tivity and innovative solutions have been instrumental in spreading this revolution- ary breakthrough to the rest of the plas- tics and rubber industries, as well as related industries worldwide. Asia sees advantages of going smart to overcome future challenges : The growth momentum for smart manufac- turing in Asia’s plastics and rubber indus- tries is attributed to the implementation of Industry 4.0 strategy in many countries to convert traditional production into more advanced set-up where connectivity of physical and digitized data enables pre- dictive analytics that can contribute to real-time monitoring and more efficient plant operations. China has taken a leading role as reflec- ted in the rapid growth of plastics and rubber producing enterprises with smart manufacturing operation as part of its “Made in China 2025” that aims to en- courage technology innovations and tran- sition of industries towards automation, IIoT and smart manufacturing. Korea has entered the fourth industrial revolution era with its goal to set up 30,000 smart factories in 2022, not to mention Japa- nese companies have been applying smart manufacturing technologies in their production facilities around the world. India has also been encouraging the deployment of smart manufacturing technologies as part of its Industry 4.0 plans under Make in India (MII) initiative, with many of those engaged in plastics and rubber production pouring invest- ments into smart manufacturing soluti- ons. Southeast Asian countries are not far be- hind – with the plastics and rubber indus- tries in this region starting to optimize production processes through digital technologies. Singapore is accelerating its move towards smart manufacturing with cutting-edge manufacturing solutions, AI, IoT as drivers to achieve this goal. Thai- land has embarked on its own version – Thailand 4.0 – with increased investments in 5G technologies and smart factories through IoT, AI and other more advanced technologies in its key industries such as automotive, plastics, and electrical/elec- tronics. Smart manufacturing has started to gain acceptance in Vietnam as it aims to embark on modernization by 2030 and become an innovation hub in Asia for smart manufacturing products and ser- vices. In the Philippine, a government- initiated SMART program aims to digitize the country’s industrial sector – among them, food and beverage packaging, household products, etc., which are the major consumers of plastic and rubber materials. Smart manufacturing solutions show- case under one roof at CHINAPLAS 2023 : As the plastics and rubber indus- tries in the region face the prospects of rising manpower and energy costs, high raw material prices and potential disrup- tions in supply chain, smart manufactur- ing is the key for companies to overcome current and future challenges. At CHINAPLAS 2023 more than 3,900 ex- hibitors are set to show off their innova- tive technologies and materials. The 18 theme zones covering every aspect of plastics and rubber production also in- clude a zone on smart manufacturing so- lutions. Not only international big names are about to showcase full array of smart manufacturing solutions and machines at the theme zone. The Online pre-registration to CHINAPLAS 2023 is open till April 11, 2023. Visitors can enjoy an early bird discount. www.smart-extrusion.com