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The global concrete 3D printing market appears to reach $ 5,083.59 million by 2028, with a CAGR of 35.07% from 2021 to 2028.
NEWARK, USA, NEW JERSEY, November 17, 2021 /EINPresswire.com/ – According to the report published by The Brainy Insights, the global concrete 3D printing market appears to reach $ 5,083.59 million by 2028, with a CAGR of 35.07% from 2021 to 2028. The Europe region has the highest market value of USD 177.86 million in 2020. This is due to the fact that there is new residential construction activity which take place in the region. There are many residential construction projects taking place in the region such as Russia which is driving the concrete 3D printing market in the region. The APAC had the second market value of $ 113.28 million in 2020. Rapid urbanization in the region’s emerging economies such as India and China is creating demand for affordable residences, shopping complexes, hospitals and more. school buildings. The increase in disposable income of the inhabitants of the emerging economies of the region has increased their needs, which has created the need for more infrastructure and buildings in the region, creating a solid foundation for the 3D printing market of concrete in the area.
The main players in the global concrete 3D printing market are Winsun, XtreeE, Monolite UK, ApisCor, CSP srl, CyBe Construction, Sika, DUS Architects, Fosters + Partners and Universe Architecture, among others.
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The supply segment is divided into printing services and materials. The printing services segment represents the highest market value of USD 283.57 million in 2020. Concrete 3D printing is used in building and infrastructure construction and is used to manufacture automated production lines and semi-automated, which help in the construction of more complex designed building. The technical segment includes the extrusion-based technique and the powder-based technique. Extrusion Based Technique segment accounts for the highest market share of 70.15% in 2020. It is widely used in building and infrastructure construction. The technique is also capable of fabricating complex, highly geometric architecture and uses conventional building materials.
The end-user segment includes building and infrastructure. The construction segment accounted for $ 293.35 million of market value in 2020. This is due to the growing demand for affordable homes and the growing popularity of complex building structures.
3D concrete printing technology seems to have a bright future as key companies focus on these technologies, but there are still many areas where people and construction companies are still unaware of the technique and a certain time because of doubts about technology When it comes to security, many companies do not invest in technology and still focus on conventional technique. Thus, this lack of awareness and the factors of lack of confidence of certain companies constitute a major constraint for the market.
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