Construction equipment (PFPE) is a low-molecular-weight fluorinated synthetic fluid. Construction equipment is non-toxic and non-flammable in its natural state. It is utilized in severe temperatures ranging from 80°C to 200°C. PFPE’s molecular structure might be linear, branched, or a combination of both, depending on the application. Temperature resistance, lubricity, wear resistance, and fluid volatility are all provided by PFPE.
Construction equipment possesses the ability to efficiently carry out heavy-duty work required in the construction sector, thereby boosting the market demand. The shifting focus of construction companies and building contractors toward the speeding up of construction operations without compromising safety & security will enhance the business expansion.
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Construction equipment is largely gaining popularity owing to the significant increase in the construction of housing projects and commercial infrastructure as a result of rapid urbanization and an increasing global population. The increased urbanization largely boosts the demand for infrastructure such as residential and transportation. Moreover, the global population is expected to increase by two billion by 2040, with urban populations increasing by more than 40%. These factors will largely aid the market growth in the coming years.
Some major players covered in the Construction Equipment Market report are JCB India Limited, Caterpillar, AB Volvo, Komatsu Ltd., CNH Industrial N.V., Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co., Ltd., Terex Corporation, Deere & Company, Zoomlion Heavy Industry Science&Technology Co., Ltd., Atlas Copco (India) Ltd, Sandvik AB, WIRTGEN GROUP, Ammann Group, The Manitowoc Company, Inc., ASTEC INDUSTRIES, INC., Doosan Corporation, XCMG Group, Hyundai Heavy Industries Co., Ltd and SANY Group among other domestic and global players.
Applications of Construction Equipment:
- Infrastructure
- Commercial Buildings
- Residential Buildings
- Industrial Buildings
- Others