FORMWORK SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The seasonality of construction industry can hamper the global formwork system market growth. Construction activities are heavily dependent on weather conditions, thus, can face disruptions during extreme weather periods. Many regions across the world experience cooler temperatures and rains during certain periods of the year, which makes it difficult for concrete to cure if poured. This leads to halt  of construction work during winter and rainy seasons in various parts of Europe, North America and Asia Pacific.

Market Opportunities: Development of eco-friendly formwork systems

The development of eco-friendly formwork systems can provide a great opportunity for growth of global formwork system market. With increasing awareness around sustainability and environmental protection, construction companies are under pressure to reduce their carbon footprint. Eco-friendly formworks made with recyclable and reused materials allow projects to earn green certification points.

Some emerging eco-friendly formwork systems employ industrialized or prefabricated building techniques to minimize on-site concrete waste. For example, systems that utilize interlocking steel panels or modular plastic form liners help to reduce scrap material generation during formwork erection and stripping. The reusable and modular design of these systems also boosts workflow efficiency on construction sites. Their light weight profile makes easier handling and transportation between projects, reducing logistic costs.