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Construction 3D Printing Market Size Forecast to Reach $422.51 Million by 2026

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Construction 3D Printing Market Size Forecast to Reach $422.51 Million by 2026

May 28
20:00 2021
Construction 3D Printing Market Size Forecast to Reach $422.51 Million by 2026

Construction 3D Printing Market
Advancements in 3d Printing Have Led to Opportunities for the Players in the 3d Printing in Construction Market, as 3d Printed Materials Are Increasingly Being Used to Build Houses.

Construction 3D Printing Market size is forecast to reach $422.51 million by 2026 after growing at a CAGR of 16% during 2021-2026. Construction is well-suited to 3D printing as much of the information necessary to create an item will exist as a result of the design process, and the industry is already experienced in computer-aided manufacturing. In particular, the recent advent of Building Information Modelling (BIM) can encourage increased use of 3D printing.

Construction 3D Printing Market Segment Analysis – By Material Type

Concrete segment held the largest share in the Construction 3D Printing market in 2020. 3D concrete printing is a form of additive manufacturing used to fabricate buildings or construction components in completely new shapes not previously possible with traditional concrete formwork. Concrete is used in large quantities as the principal building material. There are no accurate world concrete production statistics but there are world cement output statistics. The sustainability of concrete building poses the industry’s first challenge. Concrete solutions are also the most durable and hold the capacity for a very long service life, but because concrete is used in large amounts, its use has a global effect.

Construction 3D Printing Market Segment Analysis – By Printing Method

Extrusion segment held the largest share in the Construction 3D Printing market in 2020. For this method, to print a structure layer by layer, the material is extruded from a nozzle mounted on a crane, gantry, or on a 6-axis robotic arm. The extrusion-based technique is mainly used for on-site construction projects and allows the use of traditional building materials such as concrete, geopolymer, cement, plaster, and clay. The extrusion process allows for depositing two layers of cementitious materials to generate a formwork. Extrusion-based additive manufacturing shows important advantages from structural, environmental, and architectural points of view.

Construction 3D Printing Market Segment Analysis – By Construction Type

Full Building segment held the largest share in the Construction 3D Printing market in 2020. Construction giants are quickly realizing the potential of 3D technologies and their impact on the future of construction. 3D Concrete Printing is rapidly evolving and relies on different technologies and materials giving its users many advantages. Nevertheless, the software is still in its infancy, and is constrained by existing constraints. 3D Printing means a significantly shortened production time in the building industry. That’s because the machines themselves are very powerful, some can produce 600 to 800-square-foot (55 to 75-square-meter) home in just 24 hours. 3D printers do not need extra materials, either. They have programmed the construction and they just produce it, there is no need for additional assistance, specific materials and other aspects to bear in mind that conventional methods are needed.

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Construction 3D Printing Market Segment Analysis – By End Use

Commercial segment held the largest share in the Construction 3D Printing market in 2020 growing at a CAGR of 17.5%. Over the period 2013 to 2018, M&A activity in the construction sector steadily increased up to 484 deals recorded in 2018, up from 273 deals recorded in 2013. North America, Europe and Asia are the regions with the most dominance in terms of the number of deals entered. Both are based on Europe and Asia show decline in construction deals over 2018 compared to 2017, while North America shows sharp growth in total deals recorded. Currently, the global economy is in severe slowdown mode amidst deepening credit crunch, upsetting developmental targets of economies and COVID-19 pandemic across the world. The COVID-19 pandemic has reduced investment in construction-related projects in the range of 13 to 30% which will have significant impact on Gross Value Added (GVA) and employment in this sector. Since the construction sector is primarily dominated by infrastructure projects, the current levels of uncertainty are expected to seriously hit the sector.

Construction 3D Printing Market Segment Analysis – By Geography

Asia-Pacific (APAC) dominated the Construction 3D Printing market consisting share of 40% in year 2020 followed by North America and Europe. The region has a large & robust industrial base for all segments of application like glycol ether and direct solvents. In addition, developing Asia-Pacific economies, including China, India, Indonesia, and Malaysia, are expected to see increased demand for personal care goods, textiles, crop protection chemicals, and medicines. The main reasons for market growth in these countries are the growing population, increasing urbanization and changing lifestyles. In addition, high demand in the personal care sector as it is used as an ingredient in perfumes and as a solvent for the extraction of essential oils over the forecast period will propel the Construction 3D Printing industry.

Construction 3D Printing Market Drivers

Advancement in Construction 3D Printing will drive the market

Significant advancements in 3D printing have led to opportunities for the players in the 3D printing in construction market, as 3D printed materials are increasingly being used to build houses. In the construction industry, 3D printing is expected to gain momentum in the coming years due to a number of advantages, including lower material costs, quicker building, dramatically lower accidents and improvement in shapes. Despite of these advantages, 3D printing is predicted to see tenfold growth in the construction industry during the forecast period.

Investment in Construction 3D Printing will drive the market

Usually, 3D printers have very little waste as the materials are only deposited where appropriate. In addition, the use of recycled and/or typical waste materials has become a common trend in 3D printing for building, decreasing construction costs further. In certain cases, it is estimated that construction project savings in raw materials will exceed 50 per cent. In 2020, Mighty Buildings, a 3D printing construction start-up, has raised $30 million in funding and confirmed it is now leaving stealth mode.

Construction 3D Printing Market Challenges

Regulations can restrict market growth

Although regulation in 3D printing has recently hit the news cycle, the construction industry has still not been completely impacted. Nevertheless, there is also the risk that can come with using printers to perform such building functions, rather than humans. There is a lot of confusion nowadays in this field of 3D printing in building. Unless the laws and regulations are clearly defined, 3D printing is unlikely to make too much of a mark in the construction industry.

Non-adoption or less consumer preference can restrict market growth

The key challenge to the construction 3D printing is to make it understand to designers and architects, since any construction starts with a project. There are still no techniques for measuring written structures here. In the field of printing materials and their properties, a great deal of study needs to be undertaken, which will then form the basis for the calculations of project design.

Construction 3D Printing Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Construction 3D Printing market. In 2020 the Construction 3D Printing market has been consolidated by the top five players accounting for xx% of the share. Major players in the Construction 3D Printing market rare Zhuoda Group, WinSun, Cazza construction Company, Belatchew Arkitekter, Apis Cor, and Others.

Acquisitions/Technology Launches/ Product Launches

In November 2018, BASF SE acquired Sculpteo, a 3D printing service provider. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly.

Key Takeaways

Asia-pacific dominates the Construction 3D Printing market owing to the rising infrastructure sector.

The current business environment has become highly competitive as the leading industries are challenged by the demand for quality, safety, productivity and environmental protection.

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Related Reports :

A. 3D Printing Materials Market

B. Construction Chemicals Market

For more Chemicals and Materials Market reports, please click here

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