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Global Plastic Formwork Market: Industry Analysis and Forecast (2019-2027)

 Global Plastic Formwork Market was valued US$ xx Mn in 2019 and is expected to reach US$ xx Mn by 2027, at a CAGR of 3.1 % during a forecast period.

The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis. The plastic formwork is recyclable, reusable and eco-friendly alternative to traditional formwork. The advantage of plastic formwork is that it is light weight, ensures speedy construction and accuracy. Plastic formwork is mostly suitable for huge housing projects to be completed in short period of time, where columns, beams, slab sizes are standard. This technology gives more accurate results and good quality of construction in optimum cost and minimum time. The plastic formwork applications covered in the study of global plastic formwork market contains buildings, transportation, industrial facilities, and others. Global Plastic Formwork Market Dynamics: The usage of plastic formwork in the construction industry is evolving rapidly, thanks to technological advancements for eco-friendly products, government favorable policies changes, and adoption by the builders in the construction sector. The Plastic Formwork market is expected to experience an exponential growth in the upcoming years because of its extensive product application in various construction structural elements such as in walls, columns, and slabs. Light weight plastic formwork is easy to handle and easy to transport on site, which increases labour productivity. The plastic formwork is extremely light in weight as compared to wood and steel formwork system which require heavy lifting equipment. Plastic formwork has smoother finishing than aluminum formwork. Water or freshly placed concrete leakages from different parts of the form is avoided because of the perfect fitness of various parts of the system. It is most labor friendly system because not only does it fit and plugged easily but also it is considerably light weight compare with other types of formwork systems. Besides, concrete does not stick to plastic which makes dismantling easy and less timing consuming these exceptional properties offered by plastic formwork has upsurge the market growth. However, continuous fluctuation in the cost of raw materials and lack of consumer awareness towards these products may restrain the market growth. Global Plastic Formwork Market, Segment Analysis: Building segment is expected to grow at a XX% rate of CAGR during the forecast period. Development of infrastructure and construction services focused through policies such as open FDI norms, large budget allocation to the infrastructure sector and smart cities has boosted the market growth. Plastic formwork technology is economical when used on large projects. It results in increased speed of construction and enhanced labour productivity. As deforestation is a major global issue, plastic formwork technology might be possible solution against deforestation as it has several advantages over traditional wooden formwork system. The Plastic Formwork is widely used in an array of applications like Walls Formwork, Column Formwork, Foundations, Slabs and Others. Among these, the light weight panels for walls followed by columns companies are expected to account largest share in plastic formwork market and is projected to contribute XX% share during the forecast period. The growth in the market is attributed to the adoption of advanced technologies such as introducing light weight scaffolding and supporting system for formwork. For example, in 2019 PERI India launched HANDSET Alpha a lightweight panel formwork system. It is designed to meet all configurations for different pour height requirements with less unutilized formwork area. Global Plastic Formwork Market, Regional Analysis: Asia Pacific region is expected to hold the dominant position in the Plastic Formwork market during the forecast period due to the rise in the infrastructure development in this region. For instance, in 2019, $4.21 million project readiness funding facility (PRF) was signed by the Asian Development Bank (ADB) and the Government of India to plan infrastructure development projects to enhance urban services and build tourism infrastructure. Also, manufactures of plastic formwork are targeting to increase their consumer base in Asia pacific regions. The India plastic formwork market is expected to witness a XX% growth during the forecast period. The country has always been at the forefront of the technological advancements in Plastic Formwork. Global Plastic Formwork Market, Competitive Analysis: Emerging key players in construction materials are concentrating on the introduction of lightweight materials. For example, Sharp Ply (India) Pvt Ltd. has launched a new H16 product line in the shaping beam segment in association with Mywood, especially for the Indian market. The latest H16 follows European standards and is designed to tackle indigenous competition. Government focus on, green building solutions, sustainable and environmentally friendly building materials has encourage many contractors & builders for adoption of plastic formwork. The objective of the report is to present a comprehensive analysis of the Global Plastic Formwork Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Plastic Formwork Market dynamics, structure by analyzing the market segments and projects the Global Plastic Formwork Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Plastic Formwork Market make the report investor’s guide.

Scope of Global Plastic Formwork Market for Paper Industry

Global Plastic Formwork Market for Paper Industry Segmentation by Product

• Walls Formwork • Column Formwork • Foundations • Others

Global Plastic Formwork Market for Paper Industry Segmentation by Applications

• Buildings • Transportation • Industrial Facilities • Others

Global Plastic Formwork Market for Paper Industry Segmentation by Region

• North America • Europe • Asia-Pacific • South America • Middle East & Africa

Global Plastic Formwork Market for Paper Industry Major Players

• GETO GROUP • Sharp Ply (India) Pvt Ltd • Condor S.p.A. • Farina Formworks • MEVA Schalungs-Systeme GmbH • Wall-Ties & Forms, Inc. • NOE Formwork • Strabag • PASCHAL group • Acrow • ULMA Group • Others


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 About This Report

Report ID80665
CategoryMaterial & Chemical
Published DateDec 2020
No of Pages179

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