Global Slab Formwork Market continues to demonstrate stable expansion, with its valuation reaching USD 6.7 billion in 2023. According to industry analysis, the market is projected to grow at a CAGR of 4.5%, reaching approximately USD 9.1 billion by 2030. This growth is primarily driven by rapid urbanization, infrastructure development projects, and advancements in modular formwork technology across both developed and emerging economies.
Slab formwork serves as the backbone of modern concrete construction, providing temporary support structures during the casting process for floors, ceilings and other horizontal surfaces. The industry has seen significant technological evolution, moving from traditional timber formwork to sophisticated modular systems that offer better efficiency, safety and cost-effectiveness for large-scale projects.
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