Triple Digit Growth Forecast For 3D Printing Construction Market

The global 3D printing construction market size is expected to reach US$1.50 billion by 2027, says a report by Grand View Research, Inc. The market is expected to witness a compound annual growth rate (CAGR) of 114.8 per cent from 2020 to 2027. The extrusion construction method led the market and accounted for more than 60 per cent share of the global revenue in 2019. Concrete accounted for more than a 30 per cent revenue share in 2019. The use of 3D printing is increasing in the building sector to construct very complex structures with computer-programmed software. As well, growing environmental concerns are driving market players and governments towards the adoption of 3D printing for construction. This technology is expected to assist in waste reduction as it uses eco-friendly construction materials.