Market Scenario: —
Global vitrified tiles market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The global vitrified tiles market is primarily driven due to rapid growth in the construction industry with high demand for luxurious flooring tiles as one of the primary growth factors. Vitrified tiles are ceramic tiles with very low porosity. Vitrified tiles can be used as an alternative to marble and granite flooring. They are generally used as outdoor flooring as they are water and frost resistant. They are made by hydraulic pressing of mixtures such as clay, quartz, feldspar, and silica that provides the tile, a vitreous surface over.
Rapid growth in the construction sector is one of the major factors driving the vitrified tiles market. High demand for residential and non-residential buildings, has had a significant impact on the demand of vitrified tiles, as they are used in the flooring and walls of the buildings. Vitrified tiles are often used as a substitute to marble and granite flooring. So, increasing population & urbanization and rising incomes from economic growth, have increased the demand for the construction market in various regions. This has propelled rapid growth for vitrified tiles market.
Currently, there are a lot of technological advancements in terms of production process and product features to achieve competitive edge. New features such as 3D printing, digital printing, anti-microbial glazes, nanotechnology, and water jet technology are also emerging in the market. With the development of smart homes, various innovative thermal tiles such as warmth generating, energy saving, and cooling tiles are also gaining importance, especially in residential buildings.
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Market Research Analysis
The market is highly application based. The factors contributing to the growth of the 3D Concrete Printing market are, increasing construction & infrastructure sector, reduced cost of overall construction project, and increase in the disposable income among the individuals. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the 3D concrete printing market.
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Dus Architects (The Netherlands)
Winsun Global (China)
Skanska AB (Sweden)
Cybe Construction (The Netherlands)
Foster + Partners (London)
Sika AG (Switzerland)
HeidelbergCement AG (Germany)
LafargeHolcim Ltd (Switzerland),
Balfour Beatty (U.S.)
Apis Cor (Russian Federation).
The scope of the study segments the Global 3D Concrete Printing Market Concrete Type, Application and End-Use,
By Concrete Type
Ready mix concrete
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North America region dominates the global 3D concrete printing market
On the basis of region, the global 3D concrete printing market is segmented as North America, Europe, Asia-Pacific and Rest of the World (ROW). North America accounted for the largest market share of 35.63% in 2016, with a market value of USD 10.0 million and is projected to grow at a CAGR of 14.20% during the forecast period. Growing consumer preference for green buildings and sustained investments in commercial real estate are the factors driving the growth of the market in North America region.
Europe is the second largest market for the global 3D concrete printing. Increasing up gradation of the existing infrastructure, rising environmental concerns and the growing interest in sustainable construction, are the factors driving the growth of the market in European region. Europe accounted for the market share of 29.4% in 2016, with a market value of USD 82 million. The Asia-Pacific region is expected to be the fastest growing region for the 3D concrete printing. It accounted for a market value of USD 6.0 million in 2016; it is projected to grow at a CAGR of 14.51%.
This research report provides insights, on various levels of analysis such as industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the 3D concrete printing market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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