"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Insulated concrete forms (ICFs) result in cast-in-place concrete walls that are sandwiched between two layers of insulation material. They are used to hold fresh concrete that remain in place permanently to provide insulation for the structure they enclose. This formwork consists of twin-walled expanded polystyrene panels that are stacked together to create the permanent formwork used to contain the ready-mixed concrete for the walls. The formwork remains in place to provide complete thermal insulation to the walls of the finished building. Increased demand for sustainable and green construction to reduce carbon footprint in the environment and for disaster resiliency is likely to fuel the growth of the global insulated concrete forms market. The high strength, durability, and light properties associated with these forms should further stimulate the market. Moreover, growing demand for heating and cooling benefits is expected to increase growth of the global insulated concrete forms market.
Rapid urbanization in most of the developing countries is projected to offer a positive outlook for the building and infrastructure sector, which is likely to fuel the growth of insulated concrete forms market. Besides, technological advancements in the forms has augmented its popularity in the infrastructural and construction sector. Moreover, increasing natural calamities such as earthquakes and flood, have increased the demand for construction of disaster-resistant buildings. Additionally, there is a huge support from the government for this concrete form, since they are made up of recyclable material.
However, the raw materials used in the manufacturing process are relatively expensive, which further restricts their use in various applications. Hence, this is anticipated to restrain market growth.
Key Market Driver -
Rapid urbanization, technological advancements, and increasing government support will drive the market growth
Key Market Restraint -
High raw material costs and lack of skilled workforce to restrict the market growth
Based on type, the insulated concrete forms market is segmented into waffle grid system, flat wall system, post & beam system, and others. On the basis of materials, the market is segmented into cellular concrete, cement-bonded wood fibre, polyurethane form, polystyrene form, cement-bonded polystyrene beads and others. Based on application, the market is segmented into residential, industrial and commercial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the insulated concrete forms market include Amvic Inc., Nudura Corporation, Airlite Plastics Company, Quad-Lock Building Systems, Build Block Building Systems LLC., Durisol, SuperForm Products, Beco Products, Fox Blocks, Logix Insulated Concrete Forms Ltd., and others.
High product penetration in the North America region owing to consumer awareness regarding the benefits of insulated concrete forms has resulted in their high demand. Early acceptance of ICF products and the rising need for green building solutions are expected to propel industry growth in Europe. The market in Asia Pacific is expected to have the fastest growth on account of increasing penetration of ICF blocks in commercial construction segment. Latin America has a long, rich and sucessful history of construction of concrete dams with more planned for the next few years, which will stimulate the growth of the ICF market. In the Middle East and Africa region, the extreme year-round heat, and well entrenched tradition of concrete construction bode well for the ICF industry growth.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry