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(IndustryNews247.Com, September 07, 2022 ) The use of 3D printing construction is increasing due to its vast advantages such as cost-effective, time-saving, environmentally friendly, and also able to construct complex designs. The 3D Printing Construction Market size is estimated to be USD 3 million in 2019 and is expected to reach USD 1,575 million by 2024, at a CAGR of 245.9% between 2019 and 2024. The increasing use of 3D printing construction in the building sector is bolstering market growth, globally.
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Based on material used, the market for 3D printing construction is segmented as concrete, metal, composite, and others including foam, plastic, gypsum, and geopolymer. Concrete material type dominated the overall 3D printing construction market in 2018, in terms of volume & value both. This is due to the high demand for concrete material used in 3D printing construction for infrastructural, and building applications. In the building industry, it is used mainly to construct homes, official buildings, and flats. In the infrastructure sector, 3D printing construction is used in constructing bridges, bus shelters, public toilets, pavilions, and other public welfare construction projects.
The 3D printing construction is divided into two construction methods, such as extrusion and powder bonding. The extrusion construction method dominates the 3D printing construction method market. The capability of extrusion construction method to produce large-scale building components with complex geometries and the usage of conventional construction materials for it contributes toward its dominant share in the 3D printing construction market.
The 3D printing construction is divided into two end-use sectors, such as building and infrastructure. The building end-use sector is expected to witness the highest growth in the coming years. The demand for excellent properties and benefits such as superior durability, high thermal stability, cost-effective, and time-saving is expected to boost the market for 3D printing construction in various end-use sectors.
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Browse in-depth TOC on "3D Printing Construction Market”
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Europe is one of the leading 3D printing construction markets. The growing demand from the building and infrastructure sectors is driving the market in the region. The Europe region has the presence of 3D printing construction manufacturers. Russia accounted for a significant share of the global 3D printing construction market and is expected to register substantial growth during the forecast period. The players in the region’s construction industry have adopted various methodologies to sustain the growing demand and competition. Installation and maintenance of construction machinery and development software are done mostly in the construction sector in Europe.
Some of the prominent players in the 3D printing construction market are Yingchuang Building Technique (China), XtreeE (France), Apis Cor (Russia), Monolite UK (UK), CSP s.r.l. (Italy), CyBe Construction (Netherlands), Sika (Switzerland), MX3D (Netherlands), Cazza Construction Technologies (California), and ICON (Texas). The strategies undertaken by these players include partnerships, joint venture, new project, expansion, and investment.
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Mr. Aashish Mehra
Industrial News TV