3D Printing In Construction Market - Forecast(2024 - 2030)

3D Printing In Construction Market Overview

3D Printing In Construction market size is estimated to reach US$1.6 billion by 2027 after growing at a CAGR of around 113.5% during the forecast period from 2022 to 2027. 3D printing also referred to as additive manufacturing in the computer-controlled sequential layering of materials for creating three-dimensional shapes. In construction, 3D printing consists of methods like extrusion, additive welding and powder bonding which includes sintering; and uses building design to create a mixture of concrete, sand gypsum, ceramics and polymers such as geopolymer.

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Key Takeaways

• Asia-Pacific dominates the 3D Printing In Construction market size on account of growing building and infrastructure projects in the region which would create demand for a sustainable and cost-effective technique like 3D printing.
• Growing environmental protection challenges for construction companies will positively impact the demand for a sustainable technique like 3D printing in construction sector as it provides exponential benefits in terms of less material wastage.
• The growing need for affordable housing solutions and government initiatives to encourage innovations across public infrastructure construction will accelerate the demand for 3D printing in construction industry.

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3D Printing In Construction Market Drivers

Adoption of Building Information Modelling

Building Information Modelling (BIM) is a collaborative, technological work process that displays a 3D model of a construction project which allows the architect and engineers to detect potential issues in the early stages. By providing graphical and non-graphical information on a designed construction project, BIM enables the professionals to streamline the work process and prevent clashes before the actual construction works start. The growing shift towards such technological advancement has revolutionized the construction sector which will create more usage of digital technologies like 3D printing by construction companies for creating innovative structures. For instance, The German Government’s BIM Initiative has made it mandatory that from 31st December 2020, BIM would be used in all contracts relating to public infrastructure construction. Such an initiative will positively impact the usage of 3D printing in the construction sector, resulting in positive market growth.

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Growing Investments in Commercial Construction

3D printing in comparison with traditional construction techniques requires less time and is cost-effective and sustainable, owing to which it is often used in the construction industry. In the construction sector, commercial properties make up an enormous portion of the built environment as they provide platforms for setting up industries. On account of this, spending on commercial construction has increased significantly in major developed countries. For instance, according to the Office of National Statistics, in February 2022, the UK’s investment in infrastructure and other commercial construction increased to US$651.4 million. Furthermore, according to US Census Bureau, in November 2021, construction spending on healthcare was US$51.3 million showing a 9% increase, compared to US$46.7 million in 2020 same month. Developed economies like US and UK are one of the leading users of 3D printing in construction applications and growing investments in commercial construction will accelerate the use of 3D printing in the construction sector of such countries. This will result in the positive growth of 3D printing in the construction market.

3D Printing In Construction Market Challenge

Structural Integrity Pertaining to the 3D Printing in Construction Market

One long-standing concern for the 3D-printed building is that 3D printing is not enough to make building habitual. Various components besides walls and frames such as electrical and plumbing components which are used in residential construction come up short in terms of usage life. Moreover, another serious drawback of this 3D printing technology is that materials used in 3D printing such as concrete, gypsum, sand and geopolymer tend to break down and lose some of their structural integrity over time. Such issues of 3D printing could affect the sturdiness of the entire building structure which can have a negative impact on its usage in construction sector resulting in the negative market growth of 3D printing in construction market.

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3D Printing In Construction Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the?3D Printing In Construction Industry. The top 10 companies in the?3D Printing In Construction Market?are:

1. COBOD International A/S
2. Yingchuang Building Technique Co.Ltd.
3. Apis Cor
4. Monolite
5. Contour Crafting Corp
6. ICON Technologies Inc.
7. Sika AG
8. 8Cybe Construction
9. MX3D
10. XtreeE?
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