How Has The Insulated Concrete Form Market Size Evolved In Recent Years?
The insulated concrete form market has seen considerable growth due to a variety of factors.
• Over the past few years, there has been a substantial increase in the size of the insulated concrete form market. The market value will rise from $1.08 billion in 2024 to $1.14 billion in 2025, representing a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to growth during this historic period include heightened awareness of energy efficiency, more rigid building regulations, resilience to natural disasters, accelerated construction pace, and a rise in the construction of skyscrapers.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Insulated Concrete Form Market?
The insulated concrete form market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for insulated concrete forms is anticipated to witness a robust expansion. By 2029, it is projected to reach $1.47 billion with a compounded annual growth rate (CAGR) of 6.6%.
The acceleration during this forecast period can be credited to the mounting demand in the construction sector, prevalent need for constructions that are energy efficient, governmental initiatives and incentives, increased urban population, and the awareness towards climate change. Forward-looking trends in this period encompass improvements in ICF technology, the emergence of hybrid construction systems, the incorporation of digitalization in construction, edifices with net zero energy consumption, and the flexibility in architectural design.
What Are The Essential Drivers Behind The Growth Of The Insulated Concrete Form Market?
The surge in the need for energy-saving structures is propelling the growth of the insulated concrete form (ICF) market. The construction sector, particularly in regions like Europe and North America, are progressively building environmentally friendly and energy-saving structures. ICFs are light and hollow shapes usually created using dense expanded polystyrene panels. These panels are interconnected and uniquely constructed with 100% recycled polypropylene webs. Not only do ICFs limit the trash output, which is entirely recyclable, they also bolster the energy efficiency of constructed buildings. For instance, according to the France-based independent group, the International Energy Agency, in July 2023, the requirement for energy-efficient buildings rose nearly 1% compared to 2021. Thus, the heightened demand for energy-efficient buildings is bolstering the insulated concrete form (ICF) market.
How Is The Global Insulated Concrete Form Market Divided Into Key Segments?
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
Subsegments:
1) By Polystyrene Foam: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS)
2) By Polyurethane Foam: Rigid polyurethane Foam, Flexible polyurethane foam
3) By Cement-Bonded Wood Fiber: Wood Fiber Composites, Cement Mixtures With Wood Fiber
4) By Cement-Bonded Polystyrene Beads: Lightweight Concrete Blocks, Insulated Concrete Forms With Polystyrene Beads
5) By Cellular Concrete: Precast Cellular Concrete Blocks, Cast-In-Place Cellular Concrete
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What Trends Are Reshaping The Future Of The Major Players Market?
Leading firms in the insulated concrete form market are concentrating on technology developments such as slab depressurization panels. These advancements aim to enhance energy efficiency, indoor air quality, and moisture management by enabling the emission of soil gases like radon. A slab depressurization panel helps evacuate gases such as radon from under concrete slabs and boosts indoor air quality by blocking harmful gases from infiltrating buildings. For example, in July 2022, Amvic Inc., a building material company based in Canada, introduced Amrad. This product is an insulated panel designed for radon gas mitigation that includes channels for soil gas gathering and ventilation through PVC piping with a fan. It removes the requirement for gravel and a gas barrier, offering durability, adhering to radon codes, and enhancing indoor air quality in concrete slab constructions.
Who Are the Key Players in the Insulated Concrete Form Market?
Major companies operating in the insulated concrete form market include:
• Nudura Corporation
• Quad-Lock Building Systems Ltd.
• Amvic Insulated Concrete Forms
• Beco Products Ltd.
• Logix Brands Ltd.
• Polycrete International Inc.
• Liteform International Inc.
• Sunbloc Ltd.
• Rastra Apex Corp. Ltd.
• SuperForm Products Ltd.
• Durisol UK Ltd.
• Airlite Plastics Company
• ConForm Global Pvt. Ltd.
• KORE Group Holdings Inc.
• Standard ICF Corp.
• BuildBlock Building Systems LLC.
• Green Life Buildings Ltd.
• IQbloc Malta Ltd.
• ISO SPAN Baustoffwerk GmbH
• JACKON Insulation GmbH
• Poliespanso S. r. l.
• PolySteel UK Ltd.
• SHC Ltd.
• Sismo Inc.
• Styro Stone Pvt. Ltd.
• Thermo House System Sp. z o. o.
• Twinwall-ICF Limited
• Variant Haus SL
What are the Regional Insights into the Insulated Concrete Form Market?
North America was the largest region in the insulated concrete form market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insulated concrete form market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
