Formwork System Market, By Offering (Solution and Services), By Type (Timber Formwork, Steel Formwork, Aluminum Formwork, Others), By Applications (Buildings, Transportation, Industrial Facilities, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI7112

Pages :165

Formats :

Excel and PDF

Industry : Construction Engineering

Market Concentration and Competitive Landscape

Formwork System Market Concentration By Players

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Emphasis on green construction techniques

Global construction industry is focusing on sustainability and adoption of ‘green’ building practices to reduce environmental impact. Both private developers and public infrastructure agencies are actively promoting use of environment-friendly materials and construction methods. Formwork plays a vital role here as modular concrete formwork systems allow significant reduction in use of raw materials like wood and results in minimal construction waste generation. As compared to conventional formwork that requires disposal of large quantity of wood after single use, modern formwork is reusable for multiple projects, thus, preventing wastage.

Moreover, prefabricated formwork enables faster project execution which translates to less time spent on-site and reduced fuel consumption from vehicles and equipment. It also results in smoother concrete surfaces requiring lesser finishing work. All these advantages help lower emissions and make projects greener. Strict emission norms and incentives for green buildings in regions like Europe and North America boosts acceptance of advanced formwork that supports sustainability goals. Rising emphasis on green construction techniques can drive the market growth in the near future.

Key Players Insights