Insulated Concrete Form (ICF) Market - Global Industry Analysis

Insulated Concrete Form (ICF) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6754 Status : Upcoming

Description

Global Insulated Concrete Form (ICF) Market: Overview

Insulating Concrete Forms (ICFs) are concrete wall forming systems that are not removed after the concrete has hardened. These concrete forms usually produced from lightweight materials or high-density styrofoam and stays permanently as a part of the construction. The insulated concrete forms are either distinct panels linked with metal ties or plastic or pre-formed interlinking blocks. The insulated concrete forms do not only offer constant insulation and sound barrier but also assist with drywall on the inside and brick on the outside.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Insulated Concrete Form (ICF) Market: Growth Factors

The global insulated concrete form (ICF) market is growing at a faster pace. Prime factors that are majorly driving the market growth include a rise in preparedness towards disaster, a growing construction sector, and a rise in demand for energy-efficient structures. Further, rapid urbanization and heavy investments for smart cities leading to an exponential rise in commercial & residential buildings are also some of the additional factors that are propelling the growth of the global market. In addition to this, insulated concrete form is a good alternative to traditional wood frames as they are durable, sturdy, beautiful, and energy-efficient. Also, it provides superior waterproofing, is lighter to install, reduces labor costs, and can be easily installed in any climatic conditions. Owing to all such advantages of ICF, installers as well as consumers are opting for it which in turn is fostering the growth of the global insulated concrete form (ICF) market. However, several challenges associated with remodeling of the constructions built with insulated concrete form and high manufacturing cost are some of the factors that may hinder the growth of the global insulated concrete form (ICF) market. On the other hand, growing awareness and promotion of ICF is likely to have ample opportunities for the growth of the global market over the forecast period.

The onset of the COVID-19 pandemic has adversely affected the growth of the global insulated concrete form (ICF) market. Many governments around the world are forced to follow strict regulations regarding work activities to curb the spread of Covid infection, which has resulted in a temporary halt in the construction industry around the world. With no labor force to work and shortage of raw material, many constructions projected were postponed till the occurrence of pre-pandemic conditions. All these factors directly affected the demand for insulated concrete form, which resulted in less revenue generation during the pandemic period.

Global Insulated Concrete Form (ICF) Market: Segmentation

The global insulated concrete form (ICF) market is divided based on material, type, end-use, and region. Based on material, the global insulated concrete form (ICF) market is split into polyurethane foam, expanded polystyrene foam, and others. The type segment consists of post & lintel systems, grid wall systems, and flat wall systems. Non-residential and residential are the end-use industries of the insulated concrete form (ICF) market.

Global Insulated Concrete Form (ICF) Market: Regional Analysis

North America is anticipated to hold the major shares in the global insulated concrete form market. This is mainly due to an upsurge in demand for sustainable homes which is expected to remain elevated during the forecast period. The US is expected to remain the highest revenue contributor in the regional market, whereas, Canada is projected to register rapid growth in the North American market. The Asia Pacific is also anticipated to generate healthy revenue in the global insulated concrete form (ICF) market. Increased demand for insulated concrete form in the North Asia region is triggering market growth. Specified by country, China is expected to remain the highest revenue contributor in the Asia Pacific market, whereas, the rapidly growing construction industry in Japan, India, and South Korea is projected to generate significant revenue in the regional market. The growth of the insulated concrete form market in APAC is mainly attributed to the rapid growth of the construction industry owing to increasing residential needs from a large population. The insulated concrete form market in Europe is expected to remain at the second spot due to rising initiatives by governments such as the Green Building Program, which focused to increase the energy efficiency of residential as well as non-residential buildings in Europe.

Global Insulated Concrete Form (ICF) Market: Competitive Players

The global insulated concrete form (ICF) market is highly competitive owing to the presence of major manufacturers that are involved primarily in unremitting promotional activities, new product developments, and quality enhancement. Some of the prominent players that are functioning in the global insulated concrete form (ICF) market are Logix Insulated Concrete Forms Ltd., Airlite (Fox Blocks), Liteform Technologies, Apex Block, Integraspec, ICF Tech, Buildblock Building System, Polycrete, Beco Products Ltd., Quad-Lock Building Systems Ltd., and Superform Products Ltd.

Global Insulated Concrete Form (ICF) Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global insulated concrete form (ICF) market is growing at a faster pace. Prime factors that are majorly driving the market growth include a rise in preparedness towards disaster, a growing construction sector, and a rise in demand for energy-efficient structures. Further, rapid urbanization and heavy investments for smart cities leading to an exponential rise in commercial & residential buildings are also some of the additional factors that are propelling the growth of the global market.

Some of the prominent players that are functioning in the global insulated concrete form (ICF) market are Logix Insulated Concrete Forms Ltd., Airlite (Fox Blocks), Liteform Technologies, Apex Block, Integraspec, ICF Tech, Buildblock Building System, Polycrete, Beco Products Ltd., Quad-Lock Building Systems Ltd., and Superform Products Ltd.

 

 

North America is anticipated to hold the major shares in the global insulated concrete form market. This is mainly due to an upsurge in demand for sustainable homes which is expected to remain elevated during the forecast period. The US is expected to remain the highest revenue contributor in the regional market, whereas, Canada is projected to register rapid growth in the North American market.

 

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