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3D Printing Construction Market is worth $1,575 million by 2024 : Yingchuang Building Technique, XtreeE, Apis Cor, Monolite, CSP, CyBe Construction, Sika, MX3D, Cazza Construction and ICON are Leading Players

09-13-2019 05:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

3D Printing Construction Market is worth $1,575 million by 2024 :

The report "3D Printing Construction Market by Material Type (Concrete, Metal, Composite), Construction Method (Extrusion, Powder Bonding), End-Use Sector (Building, Infrastructure), Region (North America, Europe, APAC, ROW) - Global Forecast to 2024" The 3D printing construction market size is expected to grow from USD 3 million in 2019 to USD 1,575 million by 2024, at a CAGR of 245.9% during the forecast period. The market is witnessing significant growth because of the growing demand from various end-use industries such as building and infrastructure.3D construction printing has multiple features, such as time-saving, cost-benefit, and environmental friendly resulting in its increasing adoption.

Browse 74 market data Tables and 34 Figures spread through 129 Pages and in-depth TOC on "3D Printing Construction Market - Global Forecast to 2024"

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Buildings were the largest end-use sector in 2019.
3D construction printing is primarily employed to create both residential and commercial buildings. The cost-effectiveness and time-saving characteristics of this technology have contributed to its intensive usage for developing buildings. 3D construction printing offers excellent thermal qualities that are strong enough to withstand external factors such as heat. Furthermore, its capability to develop complex building geometries, safety, more precision, and less waste has resulted in the construction of complex building structures at an affordable rate.

The extrusion construction method is the fastest-growing segment in the overall market.
3D printing construction is available in two construction methods, namely, extrusion, and powder bonding. The extrusion construction method is expected to register the highest CAGR during the forecast period as it is used widely in building, and infrastructure end-use sector.

Concrete material type is the fastest-growing segment in the overall market.
3D printing construction is available in four material types, namely, concrete, metal, composite, and others (such as foam, plastic, gypsum, and geopolymer). Concrete material is expected to register the highest CAGR during the forecast period as it is used in roadways, infrastructure (bridges, dams, and buildings), harbor protection (breakwalls), and water distribution (pipes & conduit). The key aspects of the concrete mix that play an essential role in 3D printing include extrudability, buildability, flowability, compressive strength, and open time.

Europe is expected to be the largest market for 3D printing construction during the forecast period.
Europe is one of the leading markets of the 3D printing construction industry. The growing demand from end-use industries such as building and infrastructure is driving the 3D printing construction market in the region. The region has a presence of major 3D printing construction companies who focus on the adoption of various business strategies to increase the production of 3D printing construction and meet the growing demand from end-users. For instance, XtreeE and Seaboost (Egis Group) combined their skills in a large-scale 3D printing and marine biology to design and manufacture one of the most innovative artificial reefs. The 3D printed artificial reef has been placed in the Calanques National Park (France) to restore lost ecological functions, March 2018.

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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Recent Developments:
• In March 2018, XtreeE and Seaboost (Egis Group) combined their skills in a large-scale 3D printing and marine biology to design and manufacture one of the most innovative artificial reefs. The 3D printed artificial reef has been placed in the Calanques National Park (France) to restore lost ecological functions.
• In December 2017, Yingchuang Building Technique (Winsun) built the first bus stop using 3D printing technology in Jinshan Garden, China. The 3D-printed bus stop was designed as a closed-loop wherein recycled waste material were used as a raw material for gray traces.
• In February 2017, Apis Cor, in cooperation with PIK Group Company, printed the single-story residential building of 38 square meters in Russia using a mobile 3D printer. The construction of the building elements was done in Apis Cor’s test facility in Stupino, Russia.
• In December 2016, Monolite UK (D-shape), in collaboration with IAAC (Advanced Architecture of Catalonia) and ACCIONA, developed the first 3D-printed pedestrian bridge in Madrid, Spain. The structure is printed with micro-reinforced concrete and measures 1.75 meters in width and 12 meters in length.

Key Questions Addressed by the Report
• Which are the major end-use sectors of 3D printing construction?
• Which construction method is used majorly in 3D printing construction?
• Which material type is used majorly in 3D printing construction?
• Which largest and fastest-growing regional 3D printing construction market?
• What are the major strategies adopted by leading market players?

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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