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Insulated Concrete Form Market Demand to Register 5.5% CAGR Over 2019 to 2025, Industry Growth Drivers & Regional Trends

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Market Study Report newly added the Global Insulated Concrete Form Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

— North America insulated concrete form market will grow significantly owing to the rising consumer awareness regarding the insulation and structural benefits offered by the ICF system. Favorable government programs to promote the construction of energy-efficient green buildings will boost the consumption of the product across the region. For instance, the U.S. Department of Energy has developed the Building America program, thus propelling the product adoption rate among new structure construction.

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Growing instances of natural disasters across coastal and polar regions will contribute significantly towards the construction of disaster resistant buildings such as houses built using ICF systems. Factors such as energy efficiency, rising electricity bills and increase in demand for structural strength across buildings will contribute significantly towards the insulated concrete form market expansion up to 2025.

Polystyrene foam segment dominated the insulated concrete form market and accounted for over 60% of the overall demand in 2018. Easy availability of the polystyrene foam material along with numerous advantages offered will expedite their use in wall and roof applications. Key benefits including enhanced durability, lightweight structure and excellent resistance to water vapor, insects, and termites will promote the utilization of polystyrene foam material in construction, thereby fueling the product demand.

Commercial segment is expected to register CAGR of over 6% up to 2025. Growing use of the ICF systems in theaters, restaurants, retail, freestanding office space, and other commercial structures will induce a positive effect on product penetration during the projected timeframe. Additionally, insulated concrete form provides superior fire resistance and excellent thermal and acoustic insulation this will further stimulate the demand for the product in commercial building constructions.

Changing consumer preference towards advanced building solutions with the rising energy consumption are driving the insulated concrete form market. Incorporation of advanced thermal insulation materials and increasing airtightness have a significant effect on reducing energy consumption in both warm & cold climates. Positive application outlook across the commercial, industrial, infrastructure, residential segment owing to growing demand for rigid construction with energy saving materials is supporting the business growth.

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Key players in the insulated concrete form market include Nudura Corporation, BASF, Quad-Lock Building Systems Limited, Fox Blocks, IntegraSpec, and Superform Products Limited. New product launches, mergers, acquisitions, R&D investments and joint ventures are key strategies adopted by the industry participants for expanding the business and gain competitive edge in the market. For instance, in December 2013, Fox Blocks announced the acquisition of Reward Wall System, Inc., to expand its product portfolio and market share in the North America region.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Insulated Concrete Form Industry Insights
Chapter 4. Insulated Concrete Form Market, By Material
Chapter 5. Insulated Concrete Form Market, By Application
Chapter 6. Insulated Concrete Form Market, By Region
Chapter 7. Company Profiles

Complete report titled at: https://www.marketstudyreport.com/reports/insulated-concrete-form-market

Related report:

Global Insulated Concrete Form Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Insulated concrete form (ICF) is a system of formwork for reinforced concrete usually made with a rigid thermal insulation that stays in place as a permanent interior and exterior substrate for walls, floors, and roofs. The forms are interlocking modular units that are dry-stacked (without mortar) and filled with concrete. The units lock together somewhat like Lego bricks and create a form for the structural walls or floors of a building.

https://www.marketstudyreport.com/reports/global-insulated-concrete-form-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023

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Source URL: https://marketersmedia.com/insulated-concrete-form-market-demand-to-register-55-cagr-over-2019-to-2025-industry-growth-drivers-regional-trends/515043

Source: MarketersMedia

Release ID: 515043

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