Press release
Formwork Market Size 2023 With Demand, Key Growth Opportunities, Development, Trends, Overall Analysis & Forecasts to 2028 | Top Key Players Covers: Acrow, Faresin Formwork SPA Unipersonale, INTERFAMA Srl, MFE Formwork Technology And Others
Formwork is a temporary or permanent structure used to support freshly poured concrete until it reaches its desired strength and shape. It is also known as shuttering, and it serves as a mold for the concrete during the construction process. Formwork can be made of various materials such as wood, steel, aluminum, or plastic.
The formwork system consists of panels, support frames, and other accessories such as clamps, ties, and wedges. The panels are the main component of the formwork and can be assembled in different configurations to create the desired shape and size of the concrete structure. The support frames provide the necessary stability to hold the panels in place and resist the weight and pressure of the wet concrete.
The formwork market was valued at USD 5.82 Billion in 2021. The market is projected to grow USD 8.93 Billion in 2030, at a CAGR of 4.9%.
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Attractive Opportunities In the Formwork Market:
The increasing demand for residential and commercial buildings, along with infrastructure development, is driving the growth of the formwork market. The construction industry is constantly evolving and becoming more complex, which has led to a greater need for advanced formwork systems that can improve the efficiency, safety, and speed of construction projects.
In addition, the increasing focus on sustainable and eco-friendly construction practices is also creating new opportunities in the formwork market. With the growing awareness of the environmental impact of construction, there is a need for formwork systems that are made from eco-friendly and recyclable materials.
Formwork Market - Competitive Analysis:
Who are the Leading Key Players Operating In this Market?
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
The Major Key Players Included in the Report:
• Acrow
• Faresin Formwork SPA Unipersonale
• INTERFAMA Srl
• MFE Formwork Technology
• NOE-Schaltechnik
• PASCHAL International
• PERI SE
• SCH Scaffolding & Formworks LLC
• Shandong Xingang Formwork Co., Ltd.
• STRABAG
• Waco Kwikform
• Wall Ties & Forms Inc.
• Others
Proper design and installation of formwork are critical to ensure the safety and quality of the concrete structure. The formwork system should be designed to withstand the weight and pressure of the wet concrete and any external forces such as wind or vibration. It should also be constructed and installed by trained personnel and regularly inspected to ensure that it remains stable and secure throughout the construction process.
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Segmentation:
The report focuses on studying the Formwork market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.
By Material
-Timber & Plywood
-Aluminum
-Steel
-Others
By Application
-Buildings
-Transportation
-Industrial Facilities
By End-User
-Residential
-Commercial
Formwork can be classified into two types: traditional formwork and modern formwork. Traditional formwork involves using timber to construct the formwork structure, while modern formwork uses prefabricated panels made of materials such as steel or aluminum. Modern formwork systems are faster to assemble and disassemble, more durable, and can be reused multiple times.
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Which region is dominating the Formwork market growth?
North America is a mature market for formwork systems and is driven by the growth of the construction industry, particularly in the United States. The market is characterized by a high demand for advanced and innovative formwork solutions that can improve the efficiency and safety of construction projects. The use of eco-friendly and sustainable formwork systems is also gaining popularity in this region.
Overall, the formwork market presents significant opportunities for growth and innovation, driven by the increasing demand for advanced and sustainable formwork systems in the construction industry.
Why Purchase the Report?
-The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
-Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
-Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
-The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
-Understand the current market scenario and viability of the global market over the forecast period.
Overall, Formwork is a versatile material that offers many benefits, including lightweight properties, excellent mechanical properties, and good insulation and sound absorption properties. It is widely used in many different industries and is expected to see continued growth in the coming years.
Some of the key questions answered in this report:
-What are sales, revenue, and price analysis of top manufacturers of the market?
-What would be the upcoming Formwork market behavior forecast with trends, challenges, and drivers for development?
-Which product and application will take a share of the Formwork market?
-What will happen in the coming existing and emerging markets?
-What will be the CAGR and size of the Formwork market throughout the forecast period?
Detailed TOC of Formwork Market: https://www.extrapolate.com/toc/Chemicals-and-Advanced-Materials/formwork-market/26037
TABLE OF CONTENTS:
Chapter 1: Formwork Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Formwork Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Formwork Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dyanamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source
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Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
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The key stakeholders in the global formwork system market include hardware/component providers, formwork system manufacturers/providers, and end users. Component/hardware providers provide various components/parts/raw materials to formwork system manufacturers for the manufacturing of the end product. Different types of raw materials are used to make formwork, such as timber, plywood, steel, aluminum, fabric, plastic, etc.
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