The Global Insulated Concrete Form Market is projected to reach a value of over USD 1.6 billion by 2027 at a CAGR of around 4.4%.
Insulated concrete form (ICF) is classified as a hollow blocker panel that consists of insulating foam or polystyrene which can be stacked to complete the walls of a building. It is a formwork device used for reinforced concrete (RCC), constructed from rigid thermal insulation, and used as a substratum for roofs, walls, and floors. These modular units are interlocking, packed with concrete, and dry-stacked without the use of mortar. These modular units lock together as bricks from Lego, providing a formwork for a building's floors or structural walls.
Market Driver:
Insulated concrete type is one of the components used to construct stable, energy-efficient, and sustainable building structures. Insulated concrete forming structures are energy-efficient, highly robust, resistant to sound & fire and environmentally friendly. Sustainable materials used in the construction of insulated concrete form buildings such as Expanded Polystyrene Foam (EPS) and polyurethane enhance energy efficiency and improve the insulation of the construction space, which makes them excellent raw materials for these buildings. There is been a rise in demand for green buildings from developed and developing countries. For instance, The European Commission (EC) initiated the Green Building Program in 2005, which aimed to improve the energy efficiency of residential as well as non-residential buildings in Europe. Thus, increasing demand for energy-efficient green buildings has expected to drive the growth of the market during the forecasted period.
Market Opportunities:
The migration of the rural population into urban areas and the expansion of towns into cities are increasing the demand for new construction projects, which in turn stimulates the demand for concrete isolated form. According to the Asia Pacific Human Development Report published by the United Nations Development Programme, the total population in the Asia Pacific region is projected to reach 4.84 billion by 2050, of which 64% is projected to be urban population. The demand for convenient, energy-efficient and reliable buildings is expected to produce a positive shift in living standards. Growing disposable income helps customers to opt for modern, latest, and environmentally friendly building materials. Thus, rapid urbanizations may pose an opportunity for the growth of insulated concrete form market.
The report on the insulated concrete form market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Material, Type, Application, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Insulated Concrete Form Market, by Material
Insulated Concrete Form Market, by Type
Insulated Concrete Form Market, by Application
Insulated Concrete Form Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INSULATED CONCRETE FORM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
