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Global Mivan construction market to grow to $7.05B by 2031, driven by mass housing and automation.

Market News
08 Oct 2026
Researchandmarkets.Com
View Source
Bullish
Global Mivan construction market to grow to $7.05B by 2031, driven by mass housing and automation.

The global Mivan construction market is projected to grow from $3.92 billion in 2025 to $7.05 billion by 2031, at a CAGR of 10.28%. Growth is fueled by demand for rapid mass housing, affordable residential projects, and faster construction enabled by reusable aluminum formwork. Automation and localized supply chains are reducing labor costs and import expenses, while government housing programs in countries like India and China support market expansion. Challenges include high initial costs and aluminum price volatility, but advancements in robotics and regional manufacturing investments are expected to sustain growth.

The global Mivan construction market is forecast to reach USD 7.05 billion by 2031, driven by mass housing and automation trends. For readers following Basic Materials stocks, here is Pluang's market snapshot as of Oct 08, 2026 20:01 WIB: out of 62 priced US stocks, 16 rose and 44 fell. Notable movers include Dow Inc at USD 28.30 with a 1-day change of +1.91%, Alcoa Corporation at USD 41.71 down 1.81%, and Icl Group Ltd at USD 4.99 with a 1-day change of -1.77% and 100% buy order activity on Pluang.

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