Press release
Formwork System Market Will Generate New Growth Opportunities in Upcoming Year
Formwork System Market
Adoption of wood for manufacturing formwork solutions dominated market in 2020
According to our latest market study on "Formwork System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Offering (Solution and Service) and Material Used (Wood, Metal, and Others)," the market was valued at US$ 5,552.33 million in 2020 and is projected to reach US$ 7,486.32 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.
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Plywood and timber are the major form of woods that are used in formwork. The timber formwork is a commonly used formwork material among all other available formwork materials. This material provides onsite fabrication of required size and shape; and is easily utilized in construction. On the other hand, the plywood formwork is a re-molded timber resin-bonded plywood sheets, which are attached to the timber frames. The plywood formwork is flexible, light weight, strong, and easy to handle. Companies such as Metsä Wood Plywood panels is engaged in the business of offering formwork plywood panel for wall casting, flat/curved surface to achieve highest quality concrete cast finish.
Based on geography, APAC holds a significant share in the formwork system market. The region is estimated to register the highest growth rate in the market during the forecast period owing to the growing urbanization and industrialization. A large population in the region has been posing high demand for the commercial and residential construction. Moreover, the construction activity is growing significantly in Southeast Asia, which is supporting the growth of the formwork system market in the region.
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The report segments the global formwork system market as follows:
By Offering
• Solution
• Service
By Material Used
• Wood
• Metal
• Others
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Company Profiles
• Brand Industrial Services, Inc.
• Doka GmbH
• EFCO Corp
• Encofrados Alsina
• FORSA SA.
• MEVA Schalungs-Systeme GmbH
• MFE Formwork Technology Sdn Bhd
• PASCHAL-Werk G. Maier GmbH
• PERI GmbH
• Shandong Xingang Formwork Co., Ltd.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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