The growing demand for green and sustainable construction, awareness towards disaster resilience, as well as the insulation benefits, will drive the growth of the insulated concrete form market.
The global Insulated Concrete Form (ICF) market is forecast to reach USD 1.40 Billion by 2027, according to a new report by Reports and Data. Growing urbanization in developing countries will offer positive prospects for the building sector, which will further improve the industrial landscape. ICF systems offer better energy efficiency and substantial structural strength, thereby contributing to further implementation in the residential and non-residential sectors.
ICF's continued growth in the construction and infrastructure sector due to technological superiority over traditional wood-frame walls and roofing systems will promulgate the size of the insulated concrete form market. Growing concerns over reduced carbon dioxide levels and rising electricity costs will further increase demand for the product, thereby providing lucrative opportunities for industry participants.
Key companies profiled in the report include
BASF, IntegraSpec, Quad-Lock Building Systems Ltd., Airlite Plastics Co. (Fox Blocks), Superform Products Ltd., Future Foam, AMVIC, LOGIX Insulated Concrete Forms, ConForm Global, and RPM International Inc., among others.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Insulated Concrete Form (ICF) market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each player along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the regional key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (USA, Canada)
- Europe (UK, Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
Insulated Concrete Form (ICF) Market Segmentation based on Types:
Material Type Outlook (Revenue, USD Billion; 2017-2027)
- Polystyrene
- Cement-Bonded Wood Fiber
- Polyurethane
Concrete Shape Outlook (Revenue, USD Billion; 2017-2027)
- Flat Wall System
- Waffle Grid System
- Post Lintel System
Application Outlook (Revenue, USD Billion; 2017-2027)
- Residential
- Non-Residential
Further key findings from the report suggest
- Insulated concrete forms made from polystyrene accounted for the largest market share in 2019 due to their higher thermal insulation values, their lightness, and their low cost. Lightweight expanded polystyrene foams are widely used due to their low density, improved mechanical properties, dimensional stability, and thermal insulation.
- The non-residential segment is expected to grow at a CAGR of 5.3% from 2019 to 2027. The increase in the number of hospitals, restaurants, and hotels, and educational buildings due to population growth is expected to propel the growth of the construction industry . The increasing penetration of products in the construction sector should have a positive impact on market growth.
- The early acceptance of ICF products and the growing need for green building solutions should propel the growth of the industry in Europe. Also, the European Commission's green building program to improve the energy efficiency of residential and non-residential buildings in Europe should support the growth of insulated concrete formwork.
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