3D Concrete Printing Market Growth Rate, Gross Margin, Competitive Situation and Trends, Forecast

 

3D Concrete Printing: Introduction

• 3D concrete printing is a technologically advanced and innovative method used for constructing predesigned building components with the help of 3D concrete printers. The technology holds the promise of substantially optimizing the construction industry in terms of construction cost, time, error reduction, flexibility in design, and environmental impact. Past experiments have successfully acknowledged the technology’s expertise on all these fronts and the technology is being steadily adopted on a larger scale around the globe.
• The field of 3D concrete printing is receiving increased focus from construction companies across the globe. These companies primarily focus on experimenting with different concrete mixes and printing machines to bring about further developments in construction techniques.

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Key Drivers of Global 3D Concrete Printing Market

• The market for 3D concrete printing is expected to expand at a significant pace during the forecast period. Expansion of the building & construction sector is likely to drive the demand for 3D concrete printing.
• Various concrete mixes, such as shotcrete, ready-mix concrete, limecrete, precast and stamped concrete, and high-density concrete, are available in the market. Many more effective mixes are being introduced at a steady pace. Construction companies are increasingly utilizing the technique to formulate building elements such as panels, lintels, roofs, floors, walls, and pavement slabs.
• With construction companies making continuous efforts to bring 3D concrete printing in mainstream construction, the global 3D concrete printing market is projected to gather significant momentum in the next few years

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Extrusion-based Technique Segment to Dominate Global Market

• The extrusion-based technique segment accounted for major share of the 3D concrete printing market in 2020. The extrusion-based technique has become a widely employed 3D concrete printing technique for buildings and infrastructure due to its capability to produce large-scale building components with complex geometrical structures and the usage of conventional construction materials.

Building Application Segment to Dominate Global Market

• Based on application, the building segment accounted for major share of the 3D concrete printing market in 2020. Demand for 3D concrete printing is rising, due to increase in commercial construction activities across the world. The segment is expected to expand owing to the rising need for affordable houses and growth in trend toward the development of complex building structures.

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COVID-19 Impact on 3D Concrete Printing Market

• The COVID-19 pandemic has led to interruption of various manufacturing facilities, disruption of the supply chain, and reduced demand for products from the construction industry. Thus, demand for 3D concrete printing is anticipated to decline in the building & construction sector in 2021.
• Demand for 3D concrete printing has been declining owing to reduced manufacturing output and delayed construction projects across the globe owing to the COVID-19 pandemic

North America to Hold Significant Share of Global 3D Concrete Printing Market

• In terms of region, the global 3D concrete printing market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is a rapidly growing region of the global market, primarily owing to the rise in disposable income and population in the region. This has led to a major growth in new construction projects in the region.

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