Global Mivan Construction (Aluminum Formwork) Market - Size, Share, Trends, and Forecast, 2021-2031F | Mass Housing and Automation Drive a USD 7.05 Billion Opportunity

The global Mivan construction market is expected to grow from USD 3.92 billion in 2025 to USD 7.05 billion by 2031, driven by mass housing demand, urbanization, and government-backed affordable housing programs. Reusable aluminum formwork enables faster construction cycles and cost amortization across repetitive projects. However, high initial capital expenditure and aluminum price volatility pose challenges. Automation and localized supply chains are emerging trends to address labor shortages and reduce costs.