IMARC Group, a leading market research company, has recently releases report titled “Insulated Concrete Form Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global insulated concrete form market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Insulated Concrete Form
Insulated concrete form (ICF) is a building system that uses pre-made blocks or panels made from insulating materials, such as expanded polystyrene foam, as a formwork for poured concrete. It is stacked to create the shape of the walls of a building, and then concrete is poured into the hollow space between them. It is known for its strength and durability, which often withstand extreme weather conditions like hurricanes and tornadoes better than conventional wood or steel-framed buildings. It provides excellent thermal insulation, which results in energy efficient buildings that require less energy for heating and cooling.
How Big Is the Insulated Concrete Form Market?
The global insulated concrete form (ICF) market size reached US$ 925.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,261.8 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
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What are the growth prospects and trends in the insulated concrete form industry?
The increasing energy costs and environmental concerns represent one of the primary factors driving the demand for building materials, such as ICFs, that provide superior insulation properties, around the world.
Moreover, the rising awareness about the environmental impact of construction materials, evolving building codes, and stringent regulations are favoring the growth of the market. In addition, the growing need for resilient and well insulated buildings that are prone to extreme weather conditions, such as hurricanes and wildfires, is influencing the market positively.
Apart from this, the easy availability of training and education programs for builders and contractors on ICF construction methods is bolstering the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Flat Wall Systems
- Grid Wall Systems
- Post and Lintel Systems
Breakup by Material:
- Polystyrene Foam
- Polyurethane Foam
- Others
Breakup by End Use:
- Residential
- Non-Residential
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Airlite Plastics Company & Fox Blocks
- Amvic Inc.
- BASF SE
- Beco Products Ltd
- BuildBlock Building Systems LLC
- Durisol UK
- LiteForm Technologies
- Logix Brands
- Nudura Corporation (RPM International Inc.)
- Polycrete International
- Quad-Lock Building Systems
- Sunbloc Ltd.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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