Solid Future for 3D Concrete Printing

The demand for new construction across much of the world will serve as the primary driver for growth in the 3D concrete printing market, according to a report published by MarketsandMarkets.

The market for 3D concrete printing is projected to grow from $24.5 million in 2015 to $56.4 million by 2021, at a CAGR (compound annual growth rate) of 15.02 percent.

Rapid urbanization and industrialization with increased investment in emerging market infrastructure in  will drive the growing market.

The 3D concrete printing process saves between 30 and 60 percent of construction waste, can reduce production time by 50 to 70 percent, and reduce labor costs by 50 to 80 percent. Growing interest in green construction and the significant savings that 3D concrete printing provides compared with traditional buildings methods have increased the demand for this technology.

For example, walls made using 3D concrete printers can be made with more precision and detail. Moreover, walls that are constructed on-site using a 3D concrete printer result in zero waste and are less time consuming.

3D concrete printing uses energy-efficient technologies, which has gained increased momentum and exposure in the construction market. Potential advantages of 3D concrete printing include quicker construction, lower labor cost and less waste generation.

The domestic construction segment is projected to be the fastest-growing segment of the 3D concrete printing market during the forecast period.

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