INSULATED CONCRETE FORM MARKET TO REACH USD 1.6 BILLION BY 2027 | CAGR 4.4% – FORENCIS RESEARCH

Insulated Concrete Form Market - Global Industry Analysis and Forecast 2020 to 2027

Global Insulated Concrete Form Market: Key Highlights

  • According to the new market research report Insulated Concrete Form Market by Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Others), by Type (Flat Wall System, Grid Wall System, Others), by Application (Residential, Commercial, Institutional), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global insulated concrete form market is estimated to reach USD 1.6 Billion by 2027 at a CAGR of around 4.4% during the review period.
  • Insulating concrete forms (ICFs) result in cast-in-place concrete walls that are sandwiched between two layers of insulation material
  • Insulated concrete form (ICF) is classified as a hollow blocker panel which consists of insulating foam or polystyrene which can be stacked to complete the walls of a building
  • These systems are energy efficient and strong. Common applications for this method of construction are low-rise buildings, with property uses ranging from residential to commercial to industrial

Insulated Concrete Form Market

Global Insulated Concrete Form Market: Key Market Dynamics

  • Increasing demand for energy-efficient green buildings has expected to drive the growth of the market during the forecasted period
  • The rise in construction activities has expected to boost the demand for insulated concrete form market
  • High cost associated with insulated concrete form has expected to hinder the growth of the market during the forecasted period

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Global Insulated Concrete Form Market: Regional Overview

  • North America

North America is anticipated to witness prominent growth in insulated concrete form market during the forecasted period. This has attributed to growing food & beverage industry which consumes insulated concrete form for packaging the food products. Insulated Concrete Form play a vital role in the food & beverage industry by helping to increase the shelf life of perishable food and protect the product form wastage and damage. According to United States Department of Agriculture, (USDA), in 2017 agriculture, food, and related industries contributed USD 1.05 trillion to the U.S gross domestic product (GDP). Moreover, the growing construction and renovation activities in the region also attribute the growth of industrial film during the forecasted period.

  • Asia-Pacific

The Asia-Pacific is anticipated to dominate the growth in insulated concrete form market during the forecasted period. This is attributed by growing agriculture, building & construction, and packaging industry in emerging countries such as China, India, and Japan. According to the India Brand Equity Foundation (IBEF), the export of agriculture and processed food product totalled USD 38.4 billion in 2019. Additionally, the rapid increase in population across India, China, Japan, and amongst others have surged the increasing demand for construction which may further increase the demand for Insulated Concrete Form. Thus, growing end-use industries in the region have expected to boost the demand for insulated concrete form market.

Global Insulated Concrete Form Market: Key Players Overview

  • Nudura Inc:

Nudura Inc is engaged in providing innovative products and unprecedented service to our distributors, clients, and associates. The specialty products of the company are Insulated Concrete Forms, ICF, ICF Construction, Commercial/Residential Building Applications, Technical Support, and Insulated Concrete Wall Systems. The company has its presence in North America, and Europe. Nudura Inc offers products under four broad segments including Nudura ICF Series, Nudura One Series, Integrated Series, and Nudura Plus Series.

  • Amvic Inc.:

Amvic Inc. is engaged in designing, manufacturing, and distributing building material which helps to enhance the comfort and performance of the building envelope.  The company is an industry-leading manufacturer of expanded polystyrene (EPS) building materials. Amvic specializes in producing innovative, cost-effective, environmentally-friendly green products for the building envelope.

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Published : 2020-08-28