IMARC Group, latest research study “Insulated Concrete Form (ICF) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global insulated concrete form market size reached a value of US$ 878.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,204.10 Million by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
Insulated concrete form (ICF) is a solid and energy-efficient system of formwork that utilizes hollow block components that are dry-stacked together. It keeps fresh concrete in place permanently to offer insulation for the structure they enclose. It is manufactured using expanded polystyrene (EPS), polyurethane foam, cement-bonded polystyrene beads, and wood fiber. In addition, these systems offer various advantages, such as greater comfort, energy efficiency, cost-effectiveness, sound-blocking ability, design flexibility, safety, and fire, thermal, and disaster resistance. As a result, ICF finds extensive application in construction and infrastructural activities and residential, industrial, and commercial buildings.
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Insulated Concrete Form (ICF) Market Trends and Drivers:
The market is primarily driven by the rising product adoption in building and construction activities. This can be attributed to benefits offered by ICF, including easy installation and molding provided by the product to form the desired building structure. In addition, the increasing utilization of ICF for the construction of non-residential infrastructures, such as warehouses, government facilities, offices, and business parks, is contributing to market growth.
Besides this, several product innovations, such as the development of pre-built shapes of insulated concrete forms that offer enhanced strength and durability and minimize the overall construction time, are propelling the market growth.
Along with this, governments of numerous countries are investing in large-scale infrastructure projects to ensure the steady growth of the economy, which is further augmenting the market growth.
Global Insulated Concrete Form (ICF) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Insulated Concrete Form Companies:
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 and Sunbloc Ltd.
The report has segmented the market on the basis of region, type, material and end use.
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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