[117 Pages Report] The insulated concrete form market was valued at USD 1.05 billion in 2017 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023.

1. MarketsandMarkets™
Presents
Insulated
Concrete Form
Market by
Type, Material,
End-Use
Industry &
Region
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2. Insulated Concrete Form Market worth $1.49 billion by 2023
The report "Insulated Concrete Form Market by Type (Flat, Grid
(Screen, and Waffle), and Post & Lintel Systems), Material (Expanded
polystyrene Foam, Polyurethane Foam), End-Use Industry (Residential,
and Non-residential), and Region - Global Forecast to 2023", The
insulated concrete form market is estimated to be USD 1.11 billion in
2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of
5.95% from 2018 to 2023. The growth of the insulated concrete form
market can be attributed to the increase in demand for new
constructions due to rapid urbanization and industrialization, coupled
with large-scale investments in the residential sector. The rising number
of construction activities in emerging economies and the increasing
inclination toward sustainable construction methods are increasing the
reliance on modern construction techniques, thereby creating growth
opportunities for the insulated concrete form market.
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3. Insulated Concrete Form Market worth $1.49 billion by 2023
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77 data tables
30 figures
117 pages and in-depth TOC on “Insulated Concrete Form Market”
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[117 Pages Report] The insulated concrete form market was valued at USD 1.05 billion in
2017 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to
2023. The base year considered for the study is 2017 and the forecast period is from 2018
to 2023.
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Single User License : US $ 5650
Corporate User License : US $ 8150
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4. Insulated Concrete Form Market worth $1.49 billion by 2023
Based on end-use industry, the residential segment of the insulated
concrete form market is expected to gain maximum traction during
the forecast period.
The residential end-use industry segment is estimated to lead the
insulated concrete form market in 2018. The growth of the residential
end-use industry segment can be attributed to rapid urbanization,
primarily driven by the surge in demand for new residential
constructions worldwide. In addition, the increasing demand for energy-
efficient and durable residential spaces is also contributing to the
growth of the residential end-use industry segment of the insulated
concrete form market.
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5. Insulated Concrete Form Market worth $1.49 billion by 2023
Based on material, the expanded polystyrene foam segment is
estimated to account for the largest share of the insulated
concrete form market in 2018.
Expanded polystyrene foam is used in the residential and non-
residential sectors for a wide range of applications, such as roofs,
floors, and walls. The market for expanded polystyrene foam is
projected to grow at the highest CAGR during the forecast period,
owing to its superior properties that include compressive
strength, durability, moisture resistance, acoustic absorption, low
thermal conductivity, and resistance to adverse climatic
conditions.
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6. Insulated Concrete Form Market worth $1.49 billion by 2023
The North America region accounted for the largest share of the
insulated concrete form market.
North America contributed a major share to the insulated concrete form
market in 2017. This large share can be attributed to the increasing
residential projects in the US, Canada, and Mexico. The demand for
insulated concrete form from the construction sector due to its energy-
efficiency, durability, and eco-friendly properties is another significant
factor driving the growth of the insulated concrete form market in
North America. Additionally, government investments in residential
constructions provide potential for growth of the insulated concrete
form market in the North American region.
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7. Insulated Concrete Form Market worth $1.49 billion by 2023
Key players operating in the insulated concrete form market
include NUDURA Corporation (Canada), Quad-Lock Building
Systems (Canada), AMVIC (Canada), Fox Blocks (US), BASF
(Germany), LOGIX Insulated Concrete Forms (UK), ConForm
Global (US), KORE (Ireland), Polycrete International (Canada),
LiteForm (US), Sunbloc (UK), Rastra (US), SuperForm Products
(Denmark), Durisol (Australia), and Beco Products (UK).
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8. Insulated Concrete Form Market worth $1.49 billion by 2023
Market Industry Leaders :
Insulated Concrete Form (ICF) is a system of formwork for reinforced concrete,
which is made with a rigid thermal insulation material that stays in place as a
permanent interior and exterior substrate for walls, floors, and roofs. Insulated
concrete foam blocks or panels are made of expanded polystyrene or other
insulating foam, which are stacked to form a building’s wall. It sandwiches a heavy,
high-strength material between 2 layers of light and highly insulated foam such as
drywall and provides properties such as air-tightness, strength, sound attenuation,
and insulation to the structure. This advanced building technology is widely used in
the construction of residential and non-residential buildings. The insulated
concrete form market is estimated to be USD 1.11 billion in 2018 and is projected
to reach USD 1.49 billion by 2023, at a CAGR of 5.95% during the forecast period.
The increase in demand for insulated concrete form from residential buildings is
driving the growth of the insulated concrete form market.
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9. Insulated Concrete Form Market worth $1.49 billion by 2023
Key players operating in the insulated concrete form market include
NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada),
AMVIC (Canada), Fox Blocks (US), BASF (Germany), LOGIX Insulated
Concrete Forms (UK), ConForm Global (US), KORE (Ireland), Polycrete
International (Canada), LiteForm (US), Sunbloc (UK), Rastra (US),
SuperForm Products (Denmark), Durisol (Australia), and Beco Products
(UK). Fox Blocks adopted the strategy of partnerships to expand its regional
presence and increase its market share.
Companies such as NUDURA Corporation (Canada), Quad-Lock Building
Systems (Canada), and AMVIC (Canada) have adopted organic growth
strategies to expand their product & service portfolios and enhance their
growth prospects in the insulated concrete form market.
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10. Insulated Concrete Form Market worth $1.49 billion by 2023
Fox Blocks (US) focuses on maintaining its presence throughout the
construction value chain through urban planning, property
development, and financial engineering. The company designs and
manufactures insulated concrete form products, which offer superior
strength and excellent sound protection to buildings and maintain air
quality inside them. In May 2018, Fox Blocks entered into a strategic
partnership with Helix Steel (US) to offer an ideal solution for
reinforcing concrete. Helix Steel Twisted Steel Micro Rebar (TSMR) is a
3-dimensional concrete reinforcement solution, which has international
accreditations and approvals covering 99 countries. This partnership is
expected to enable Fox Blocks to offer products and solutions with
added strength, resiliency, and durability while considering the
construction schedules of its customers, along with accomplishing its
sustainability objectives.
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11. Insulated Concrete Form Market worth $1.49 billion by 2023
BASF is a diversified chemical company, which offers
chemicals, plastic products, functional solutions,
performance products, and agricultural solutions. The
company’s business is supported by an extensive
marketing and distribution network. BASF is one of the
leading companies in the insulated concrete form
market, in terms of revenue generation. It offers
products and services for a number of applications in
various industries.
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12. Insulated Concrete Form Market worth $1.49 billion by 2023
New Revenue Pockets :
The residential sector is estimated to play a key role in the insulated concrete
form market.
The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and
is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to
2023. The construction industry witnessed a significant change with the
introduction of insulated concrete form as an energy-efficient, eco-friendly, highly
durable, impact resistant, and sound & fireproof material with excellent insulating
properties. Insulated concrete form finds its application in roofs, floors, and wall
construction. Changing lifestyles, growing urbanization trend, and increasing
demand for energy-efficient and eco-friendly residential and non-residential
buildings have forced architects and engineers to innovate the design of concrete
structures suited for various applications and requirements. Lack of awareness
regarding latest technologies in emerging economies is acting as a key challenge to
the growth of the insulated concrete form market.
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13. Insulated Concrete Form Market worth $1.49 billion by 2023
Based on material, the insulated concrete form market has been
segmented into expanded polystyrene foam, polyurethane foam, and
others (that include cement-bonded wood fiber and cellular concrete). The
shifting interest of contractors and builders toward the insulated concrete
form method is driving the growth of the insulated concrete form market.
Factors such as lightweight, rigid, closed cell insulation, moisture
resistance, durability, acoustic absorption, and low thermal conductivity
are contributing to the increased consumption of extruded polystyrene
foam. This material provides high compressive strength to withstand load
and back-fill forces. It is increasingly used in insulated concrete form due to
its closed cell structure, which causes minimal water absorption and low
vapor permanence. Expanded polystyrene foam is used as a construction
material to provide insulation for walls, foundation, and roofs.
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14. Insulated Concrete Form Market worth $1.49 billion by 2023
Based on end-use industry, the residential segment of the insulated
concrete form market is projected to grow at the highest CAGR during
the forecast period. The growth of the residential end-use industry
segment can be attributed to rapid urbanization, primarily driven by the
surge in demand for new residential constructions worldwide. In
addition, the increasing demand for energy-efficient and durable
residential spaces is also contributing to the growth of the residential
end-use industry segment of the insulated concrete form market.
North America accounted for the largest share of the insulated concrete
form market in 2017. The increasing number of new housing units and
rising investments in public and private sectors are key factors projected
to drive the growth of the insulated concrete form in North America.
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15. Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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