The Insulated Concrete Form by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Insulated Concrete Form , The insulated concrete form market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to energy efficiency awareness, stringent building codes, natural disaster resilience, increased construction speed, increased construction of high-rise buildings.
The insulated concrete form market size is expected to see strong growth in the next few years. It will grow to $1.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growing demand from the construction industry, increasing demand for energy-efficient buildings, government initiatives and incentives, population growth in urban areas, climate change considerations. Major trends in the forecast period include advancements in icf technology, hybrid construction systems, digitalization in construction, net zero energy buildings, architectural design flexibility.
The increasing demand for energy-efficient buildings is driving the insulated concrete form (ICF) market. Construction industries, particularly in regions such as Europe and North America are increasingly constructing green and energy-efficient buildings. ICFs are lightweight, hollow forms generally manufactured using high-density expanded polystyrene panels. These panels are connected & distinctively designed with 100% recycled polypropylene webs. ICFs minimize the waste produced which is 100% recyclable. ICFs enhance the energy efficiency of construction buildings. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in 2022, the demand for energy-efficient buildings grew by almost 1% compared to 2021. Therefore, the increasing demand for energy-efficient buildings is driving the insulated concrete form (ICF) market .
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The insulated concrete form market covered in this report is segmented –
1) By Material: Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete
2) By Type: Waffle Grid System, Flat Wall System, Post & Beam System, Other Types
3) By Application: Commercial, Industrial, Infrastructural, Residential
Public-private partnerships are the key trend in the insulated concrete form market. For instance, in April 2021, the Insulating Concrete Forms Manufacturers Association (ICFMA), a UK-based company that promotes the use of Insulating Concrete Forms (ICF), announced a partnership with National Ready Mixed Concrete Association’s (NRMCA) Build with a strength program, Build with Strength 2.0. The program is partnering with Habitat for Humanity International to secure decent, inexpensive, and sustainable housing across the United States and it is donating concrete for the construction of Habitat homes. Further, in August 2021, Graven Hill, a self-build a village in the UK, partnered with Iconic Development Group (IDG) to offer ICF-constructed homes in the UK. Moreover, IDG is building six homes at Graven Hill and plans to build 20 houses at that site in the coming years.
The insulated concrete form market report table of contents includes:
- Executive Summary
- Insulated Concrete Form Market Characteristics
- Insulated Concrete Form Market Trends And Strategies
- Insulated Concrete Form Market – Macro Economic Scenario
- Global Insulated Concrete Form Market Size and Growth
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- Global Insulated Concrete Form Market Competitive Benchmarking
- Global Insulated Concrete Form Market Competitive Dashboard
- Key Mergers And Acquisitions In The Insulated Concrete Form Market
- Insulated Concrete Form Market Future Outlook and Potential Analysis
- Appendix
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