Insulated Concrete Form Market Research Report
Growth opportunities in the insulated concrete form market
look promising over the next six years. This is mainly due to the increasing
demand for green and sustainable construction to reduce the carbon footprint in
the environment and various advantages offered by the insulated concrete
framework like energy efficiency.
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Insulated
Concrete Form Market Dynamics (including market size, share, trends, forecast,
growth, forecast, and industry analysis)
Key
Drivers
The prominent driver stimulating the growth of the global insulated
concrete form market includes the augmenting demand for sustainable and
green construction to decrease the carbon footprint in the environment and
disaster resiliency. Also, various investors, property owners, and investors
throughout the world prefer insulated concrete framework owing to the
advantages like reduction in environmental impact, promotion of easy and faster
building, and the energy-efficiency to save massive energy. The leading players
in the market are largely emphasizing product development with pre-built
shapes, as they help decrease the overall time. The surging incidences of
natural calamities, including hurricanes, floods, volcano eruptions, tsunamis,
tornadoes, earthquakes, etc., will further raise the construction of
disaster-resistant houses. The growth in the construction of disaster-resistant
houses, especially in polar countries and disaster-prone areas, will strengthen
ICF demand in roof and wall applications. However, the unstable prices of raw
materials and the huge capital investments will curb the insulated concrete
form market size.
Application
Segment Drivers
Based on the application, the residential sector is
projected to lead the market over the forecast period. This is because of the
expanding electricity bills due to the rising usage of heaters and air
conditioners in the developed nations, which has created the requirement for
wall structures with a thermal barrier. Thereby, insulated concrete forms are
predicted to witness significant demand. The escalation of residential
construction across the globe and fuelling investments by public-private
partnerships are likely to stimulate insulated concrete form market growth.
Regional
Drivers
Based on the regional coverage, North America is predicted
to lead the market during the forecast period. The accelerating penetration of
products in the Canada and U.S. markets due to the expanding consumer awareness
about the benefits of insulated concrete forms has boosted the market demand.
Moreover, the growth experienced by the residential sector of the U.S. due to
the growing construction and renovation activities in the country. The
extensive material used for the construction of houses in the U.S is wood.
However, wooden houses are subjected to fungal attacks and degrade because of
moisture. Thus, the surging demand for innovative substitutes of raw materials
in the construction sector is overcoming these drawbacks, thereby propelling
the market demand.
Insulated
Concrete Form Market’s leading Manufacturers:
·
LiteForm
·
Standard ICF Corporation
·
Nudura Corporation
·
Beco Products Ltd
·
Polycrete International
·
BuildBlock Building Systems, LLC
·
Durisol UK
·
BASF SE
Insulated Concrete Form Market Segmentation:
Segmentation by Material:
·
Polystyrene Foam
·
Polyurethane Foam
·
Cement Bonded Wood Fiber
·
Cement-Bonded Polystyrene Beads
·
Others
Segmentation by Application:
·
Commercial
·
Industrial
·
Residential
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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