3D Concrete Printing to Broaden the prospects for Construction Industry; Expansions and events to thrive the field
27 Nov 2020
3D printing has widened the boundaries for the construction industry. Its numerous applications have revolutionized the procedures of construction in various aspects. 3D concrete printing is one such technology that is highly getting adopted in the field. Software such as AutoCAD or SolidWorks facilitates the manufacturers and construction companies to use pre-designed concrete components for construction projects. Different varieties of concrete with several kinds of material composition are utilized for 3D printing. 3D concrete printing, moreover, rectifies error, along with saving time, labor force, and money.
3D concrete printing improves design flexibility, which makes even more diverse projects to be easily undertaken. Furthermore, it minimizes the impact on the environment. Moreover, 3D concrete entails less construction material comparatively, than traditional processes. The growing urbanization has fueled construction projects. On the other hand, the investments for new technologies in the construction industry have witnessed a hike in past few years. The market players are adopting a number of strategies including new project launches and business expansion in order to proliferate the market field. The market is undergoing a number of activities. Let’s get to some of the recent happenings.
Business expansions are among the leading trends in the market. Recently, Vertico, a Dutch company major in concrete 3D printing, has unveiled its expansion, with a new 3D printing facility in Eindhoven. Furthermore, with its technology and new facility, Vertico will follow architectural applications that include fine detailing for buildings. At the same time, the company’s new factory will have ABB industrial robots with a different configuration. Nevertheless, Eindhoven already has two 3D printing facilities. However, the company aims to primarily focus on the utilization of 3D printing for large structures.
Other than this, market players are also investing to create events for students in related fields. A Swiss multinational manufactures of building materials LafargeHolcim and Netherlands-based construction engineering company Witteveen + Bos have lately launched an event for architecture, engineer, and material science students as 3D Printing Hackathon. The contest aims for the students to develop a new product and solutions based on 3D concrete printing technology for the construction industry. The event is also associated with prizes and operating funding for the complete implementation of the winning 3D printing solution.
3D technologies have helped in order to manage the complete production process in a convenient way. Along with providing a 3D structure, it offers an eco-friendly way and with zero material waste. Owing to the growth in adoption, the market is set to have escalating attention over time. According to a report published by Allied Market Research, theglobal 3D concrete printing market is anticipated to hit $40.65 billion with a CAGR of 106.5% in between 2020 to 2027. Manual construction processes, more often lead to generating construction waste. This wastage leads to increase the overall cost of construction projects along with elevating the collection and demolition cost for government bodies. Conversely, 3D concrete printing with less generated waste and pre-structured projects drive the demand growth of the technology. Moreover, as the industry is growing with innovations and market players are initiating to adopt various strategies, the market is anticipated to receive a mounting response, along with ushering a plethora of opportunities for the market players in the near future.
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.