Formwork Market is Driven by High Demand from Construction and Building Sector 2017-2022

Global Formwork Market is segmented on the basis of type, application, and geography. Formwork is the common term given to the mold into which concrete is poured. It is normally made up of steel or timber, wood, aluminum, and prefabricated forms. In the market, numerous formworks are available for concrete construction depending on material of structural element.

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Formwork does carry all imposed dead and live loads apart from its own weight. It is used since the starting of concrete construction. In steel, fiberglass and plastics materials formwork are used. The factor driving the growth of the formwork market is strong demand from the construction sector.

Formworks are based on the type of structural member construction; such as slab formwork is used in beam formwork, slab, and column formwork is used in beams and columns. In formwork timber is the commonly used material. Drawback of timber formwork is that it will enlarge, warp, and shrink.
In the construction industry, different types of concrete formwork are used. Of late, concrete formwork is being used. Many types of formwork are available for any building project. Based on type, the formwork market is classified as engineered formwork system, traditional timber formwork, re-usable plastic formwork, stay-in-place structural formwork systems, permanent insulated formwork, and flexible formwork, and so on.

“Traditional timber formwork” uses plywood and timber for forming the molds for pouring. This method is cheaper than the other methods; while “engineered formwork system” uses prefabricated molds. They are made from a metal frame (normally aluminum or steel). For the supporting parts of a structure “stay-in-place structural formwork system” is used.

Key players operating in the formwork market are PERI, Strabag, BEIS, Doka, ULMA, PASCHAL, Hankon, Faresin, Acrow, NOE, RMD Kwikform, Zulin, Interfam, Mascon, GCS, Waco International, Taihang, MFE, Wall-Ties & Forms, Xingang Group, MESA IMALAT, MEVA, Alpi SEA, Guangxi Xinhengjing, Tianjin Zhanliang, Holdings, Outinord, Jinsenyuan, Farina and Dongya.

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Based on application, the formwork market is classified as transportation, buildings, and industrial facilities and so on. Based on type, the formwork market is classified as Europe, Asia Pacific, Latin America, Middle East & Africa, and North America. In Europe, U.S., Japan and China account for the largest share in the formwork market in the years to come. 

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