As per the report titled ‘Space Frame Market Size By Material (Steel, Aluminium, Metal Alloys), By Structure, By Tubes, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global space frame market is slated to experience remunerative growth during 2020-2026.
 

Growing demand for lightweight structural materials in construction in tandem with extensive product application across several sites such as dome roofs, skylights, side bridges, and atriums is fueling the growth of global space frame market, cites the study.
 

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For the uninitiated, space frames are lightweight, right, truss-like structures that are generally used for covering wide areas with minimal interior supports. These frames are a common feature in modern construction that are normally found in industrial and commercial buildings with large roof spans. In addition to the rigidity and flexibility of these structures, high load capacity and reduced time & cost favors their use in the construction industry, thereby positively impacting global space frame market outlook.
 

Based on material, global space frame industry is split into metal alloy, steel, and aluminum, among which, the last segment is projected to register a y-o-y growth rate of 10.5% over the projected timeline. The demand for aluminum is creditable to its use with numerous alloys and space frame structures in fabrication of pliable ceilings and sport stadiums. Moreover, increasing use of aluminum for construction of space frames to reduce self-weight without sacrificing on rigidity boosts the segmental share.
 

In terms of structure, global space frame market is classified into triple layer, double layer, and single layer. As per credible sources, triple layer segment captured 30% of the market share in 2019, and is expected to grow exponentially in the forthcoming years, attributable to its use in larger span in buildings.
 

Speaking of the application spectrum, global space frame industry is categorized into vertical glazed applications, roofs, atriums, canopies and entryways, dome roofs, skylights, and others. Of these, skylight segment accounted for 10% market share in 2019 and is set to showcase strong growth trend during the analysis period.
 

Considering the regional outlook, LATAM secured 15% of global space frame market share in 2019 and is expected to grow substantially in the upcoming years owing to improving economic conditions and increasing number of construction projects across the region. Whereas, MEA space frame market is estimated to record a CAGR of 10.5% during 2020-2026.
 

Key players influencing global space frame market trends are Lindner Group, Gossamer Space Frames, LLC, Pillow Space Frame Ltd., Delta Structures, Inc., Triocon Space Frame Technologies Pvt, Ltd., Xuzhou LF Engineering & Construction Co., CST Industries, Inc., and Octamec among others.