Global Concrete Formwork Market Size Reached $11.32 Billion in 2023

Concrete formwork refers to the temporary support structure used to form the shape and size of concrete components during the pouring process of concrete. It is an important component of construction and plays a crucial role in ensuring the quality and accuracy of concrete components.

Segmented Market Analysis

Concrete formwork, as an indispensable part of construction, is closely related to the market development of industries and fields such as construction, transportation, and industrial facilities. From the perspective of downstream application patterns, the construction industry is the largest downstream application market for concrete formwork. According to our research data, the consumption of concrete formwork in the construction industry in 2023 was 776 million square meters, accounting for 57.66% of the total consumption.

From a regional perspective, the Asia Pacific region is the world's largest consumer of concrete formwork, accounting for nearly 50% of its consumption. Mainly due to the rapid economic development and continuous population growth in the region, the demand for infrastructure such as housing and transportation is becoming increasingly strong, bringing huge growth space to the concrete formwork market. From a national perspective, China is the world's largest consumer of concrete formwork, with a consumption of 306 million square meters in 2023, accounting for 35.83% of the total.

Global Concrete Formwork Consumption and Proportion by Application and Region/Country in 2023