Space Frame Market Detailed information on Top players, Industry Size, Trends and forecast

The space frame market is anticipated to witness a remunerative growth trend through the forthcoming time-period owing to high product usage across numerous application avenues such as skylights, dome roofs, atriums, side bridges among many others.
A space frame structure is essentially a lightweight, rigid truss-like structures that are generally designed utilizing a rigidity matrix. Space frames can be used proficiently for covering expansive areas with least interior supports. These are known to be common features in construction of new and modern building and are normally found in large roof spans in modernist industrial and commercial buildings.
Additionally, rigidity and flexibility feature of space frame structure will further drive its demand over the coming years. These further have a versatility of form and shape and could further use a typical module for generating numerous latticed shells, free-form shapes or flat space grids.
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Space frame market is divided into different segments in terms of material, structure, tubes, application, and regional landscape.
Based on material, the space frame market is classified into metal alloy, aluminum, and steel. Among these, aluminum space frames will grow at a CAGR of more than 10.5% through the forthcoming timeframe. Nowadays, aluminum is increasingly being utilized in construction industry.
The material is primarily used for construction of staircases, handles, and windows, and facade of buildings. At present, the material along with numerous alloys is used along with space structures in fabrication of sport stadiums and pliable ceilings. In fact, now, various space frames are constructed with aluminum, substantially reducing their self-weight.
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With respect to structure, the space frame market is categorized into triple layer grid, double layer grid, and single layer grid. Among these, triple layer grid structures will witness tremendous growth over the coming years. In 2019, the region accounted for nearly 30% of the market share. Triple layer grids are nearly always flat. Elements in triple layer grid are generally positioned in three parallel layers, which are linked by the diagonals. These types of structures are mainly used for larger span buildings.
In terms of application, the overall space frame market is bifurcated into vertical glazed applications, atriums, roofs, canopies and entryways, skylights, dome roofs, and others including of side bridges, skywalks among others. Among these, skylight applications held over 10% of the overall market share in 2019. The segment is anticipated to register a remunerative growth trend through the analysis period.
Through a regional reference frame, LATAM is likely to witness substantial growth over the coming year. In 2019, the region held a revenue share of over 15% with increasing construction initiatives expected to drive industry outlook.
Meanwhile, the growth rate of space frame market in Middle East & Africa is anticipated to be around 10.5% over the forecast timeframe.