The global insulated concrete form market size is expected to grow from $0.93 billion in 2021 to $0.98 billion in 2022 at a compound annual growth rate (CAGR) of 5.39%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The insulated concrete market is expected to reach $1.23 billion in 2026 at a CAGR of 5.81%.
What is the Global Insulated Concrete Form Market?
The insulated concrete form market consists of sales of insulated concrete form by entities (organization, partnership, sole-traders) that manufacture insulated concrete form. Insulated Concrete Forms (ICFs) are concrete wall forming systems that stay in place permanently as part of the structure and are not removed after the concrete has hardened. High density styrofoam or other lightweight materials are used for their formation. The insulated concrete forms are separate panels connected with plastic or metal ties or can be pre-formed interlocking blocks.
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What drives the Global Insulated Concrete Form Market?
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 the lightweight, hollow forms generally manufactured using the 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 energy effciency of construction buildings. For example, in 2020, The Howland Green Business Centre in Canada was built using the new XR35 by Nudura, an enhanced insulated concrete form, which makes the building’s combined thermal resistance value higher than the insulated concrete forms used in other similar structures.
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Global Insulated Concrete Form Market Segments
The global insulated concrete form market is segmented:
By Material: Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement-Bonded Polystyrene Beads, Cellular Concrete
By Type: Waffle Grid System, Flat Wall System, Post and Beam System, Others
By Application: Commercial, Industrial, Infrastructural, Residential
By Geography: The regions covered in the insulated concrete form market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Insulated Concrete Form Global Market Report 2022provides market size and growth forecasts for the global insulated concrete form market, global insulated concrete form market share, insulated concrete form market segments and geographies, insulated concrete form market competitive landscape including leading competitors’ revenues, profiles and market shares. The insulated concrete form market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Insulated Concrete Form Industry Players include Nudura Corporation, Quad-Lock Building Systems, AMVIC, Beco Products, LOGIX Insulated Concrete Forms, Polycrete International, LiteForm, Sunbloc, Rastra, SuperForm Products, Durisol, Fox Blocks, ConForm Global, KORE, Mikey Block Co, Integraspec, Standard ICF Corp, and Logix Insulated Concrete Forms Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
