The Insulated Concrete Form Market size is projected to reach US$ 1,609.95 million by 2031 from US$ 969.17 million in 2023. The market is expected to register a CAGR of 6.0% in 2023–2031. The rising government initiatives for green buildings is likely to remain key Insulated Concrete Form Market trends.
Insulated Concrete Form Market Analysis
Concrete is the widely used construction material in the world and is increasingly used to achieve more sustainable buildings, some of which are constructed using insulating concrete forms. Insulated concrete forms are stay-in-place concrete forms used to develop building parts such as walls, columns, pilasters, floors, and roofs. The construction industry in various countries across the globe is rapidly growing. Rise in government investments and increase in demand for residential constructions are propelling the growth of the construction industry. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure industries. According to the European Construction Industry Federation, the volume of permits for new buildings (excluding civil engineering) in Germany was US$ 130 billion in 2021, 8% more than 2021. In North America, the construction industry is one of the significant contributors to the region's economy. Thus, the growing construction activities in several regions across the globe creates an enormous demand for insulated concrete form.
Insulated Concrete Form Market Overview
Insulated concrete form is cast-in-place concrete wall that is sandwiched between layers of insulation material. Insulating concrete formwork is a simple construction system using purpose made insulating panels or blocks as the formwork for in-situ concrete. This construction method is known for its high strength and energy efficiency. Some common applications of insulated concrete form include residential and commercial low-rise buildings. Walls are made from interconnected forms, which stay in place as permanent structures.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Insulated Concrete Form Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Insulated Concrete Form Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Insulated Concrete Form Market Drivers and Opportunities
Government Support for the Development of Residential Construction Sector
Insulated concrete form play a vital role in residential construction projects. Various government bodies across different countries are supporting for the development of the residential construction sector. For instance, during the 14th Five-Year Plan (2021-2031) period, China has planned to add 6.5 million government-subsidized rental homes in 40 key cities to help an estimated 13 million people in need of affordable housing. To offer more comfort to the residents, near about 219,000 old residential communities built before the end of 2000 in urban areas will be renovated by 2031. China also announced a plan to mend rickety rural homes or upgrade those in earthquake-prone rural areas, while the housing provident fund is expected to cover more people in the workforce.
Development and Adoption of Advanced Building Insulation
Advanced insulation consists of materials that play critical role in enhancing energy efficiency in buildings, hence reducing energy consumption and greenhouse gas emissions. With the growing awareness of climate change and the need for sustainable development, there is an increasing demand for innovative insulation solutions that can effectively address thermal performance, durability, and cost-effectiveness. Therefore, the development and adoption of advanced building insulation is predicted to offer lucrative opportunities for the insulated concrete form market growth.
Insulated Concrete Form Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Insulated Concrete Form Market analysis are product, mode of application, and crop type.
- Based on material, the Insulated Concrete Form Market is divided into polystyrene foam, polyurethane foam, cement-bonded wood fiber, and others. The polyurethane foam segment held a larger market share in 2023.
- By application, the market is segmented into residential, commercial, and others. The residential segment held the largest share of the market in 2023.
Insulated Concrete Form Market Share Analysis by Geography
The geographic scope of the Insulated Concrete Form Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The insulated concrete form market in Asia Pacific has witnessed major growth in recent years, owing to the well-established construction sector and increased emphasis on sustainable practices. Countries in the region are witnessing a growth in urbanization, an increase in residential sector, which offer ample opportunities for key market players in the insulated concrete form market. China is one of the largest markets for insulated concrete form, driven by the country's large construction set-up. These are some of the factors boosting the demand for Insulated Concrete Form in the Asia Pacific. Also, Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Insulated Concrete Form Market Regional Insights
The regional trends and factors influencing the Insulated Concrete Form Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Insulated Concrete Form Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Insulated Concrete Form Market
Insulated Concrete Form Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 969.17 Million |
| Market Size by 2031 | US$ 1,609.95 Million |
| Global CAGR (2023 - 2031) | 6.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Insulated Concrete Form Market Players Density: Understanding Its Impact on Business Dynamics
The Insulated Concrete Form Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Insulated Concrete Form Market are:
- RPM International Inc
- Amvic Inc.
- Logix Brands Ltd.
- Airlite Plastics Company & Fox Blocks
- BuildBlock Building Systems LLC
- BASF Neopor
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Insulated Concrete Form Market top key players overview
Insulated Concrete Form Market News and Recent Developments
The Insulated Concrete Form Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- Foam Holdings, a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the acquisitions of Amvic, Inc. (“Amvic”) and Concrete Block Insulating Systems, Inc. (“CBIS”). (Source: WYNNCHURCH CAPITAL, Newsletter, 2022)
- Introducing Amrad Rigid Insulation Panel for Under Slab Depressurization System Amvic is known for manufacturing industry-leading Insulated Concrete Forms (ICF) and expanded polystyrene (EPS) insulation building materials. (Source: Amvic Inc., Newsletter, 2022)
Insulated Concrete Form Market Report Coverage and Deliverables
The “Insulated Concrete Form Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Get Free Sample For