IMARC Group, a leading market research company, has recently releases report titled “Insulated Concrete Form (ICF) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global insulated concrete form market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the insulated concrete form market?

The global insulated concrete form market size reached US$ 925.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,261.8 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

What is insulated concrete form?

Insulated concrete form (ICF) refers to a system that comprises interlocking foam blocks or panels for creating a framework for a wall of a building. It is manufactured from various materials, such as polystyrene, cement-bonded fiber, and polyurethane. It provides a high level of insulation and enhances the thickness, durability, and strength of the walls. It also offers good sound insulation and resistance to fire and extreme weather conditions. Besides this, it assists in acting as a thermal barrier and reducing heat transfer through the walls while creating energy-efficient buildings. As a result, ICF is widely utilized in the residential and commercial sectors across the globe.

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What are the growth prospects and trends in the insulated concrete form industry?

At present, the rising demand for non-residential infrastructure, such as offices and tech parks, represents one of the key factors supporting the growth of the market around the world.

Besides this, the increasing utilization of ICF, as it offers safety against insects, rot, mold, and mildew, is strengthening the growth of the market. Apart from this, the growing adoption of disaster-resistant buildings due to the rising number of natural calamities worldwide is positively influencing the market.

Moreover, the increasing demand for ICF among builders or contractors, as it is easy to install and is quick for construction, is offering lucrative growth opportunities to industry investors. Furthermore, the rising preference for green buildings construction that minimizes wastage is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

Market 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

Who are the key players operating in the industry?

The report covers the major market players including:

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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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