Global Insulated Concrete Form Market

Insulated Concrete Form Market Size, Share, Growth Analysis, By Type(Flat Wall System, Grid System, Post and Beam System and Waffle Grid System.), By Application(Residential Construction, Commercial Construction and Infrastructure Construction.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20B2061 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Insulated Concrete Form Market Regional Insights

North America is the most dominant region in the global ICF market, accounting for a market share of around 36% in 2021. This is due to the increasing demand for energy-efficient buildings in the US and Canada. The US government has set ambitious energy efficiency goals for new buildings, which is driving the demand for ICFs.

Asia Pacific is the fastest growing region in the global ICF market, with a CAGR of over 6% during the forecast period. This is due to the growing construction industry in China and India. China is the largest market for ICFs in Asia Pacific, followed by India. The Chinese government is promoting the use of ICFs in new buildings, as they are a cost-effective way to meet energy efficiency standards.

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Insulated Concrete Form Market size was valued at USD 1.13 billion in 2021 and is poised to grow from USD 1.2 billion in 2022 to USD 1.89 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).

The market is driven by factors such as increasing construction activities, rising demand for energy-efficient buildings, and growing awareness about the benefits of using ICFs. As sustainability and energy efficiency become priorities in the construction industry, ICFs offer an attractive solution due to their thermal performance and reduced carbon footprint. The adoption of ICFs is further encouraged by government regulations and incentives promoting energy-efficient building practices. 'Amvic Building System (Canada)', 'BuildBlock Building Systems (US)', 'Nudura Corporation (Canada)', 'Quad-Lock Building Systems (Canada)', 'Fox Blocks (US)', 'LOGIX Insulated Concrete Forms Ltd. (Canada)', 'LiteForm Technologies (US)', 'Superform Products Ltd. (UK)', 'Polycrete International (Canada)', 'TF System (US)', 'Airlite Plastics Co. (US)', 'Durisol UK Ltd. (UK)', 'Benchmark Foam Inc. (US)', 'Beco WALLFORM (UK)', 'Reward Wall Systems (US)', 'ConForm (US)', 'Amvic Pacific (Canada)', 'IntegraSpec (Canada)', 'RASTRA Inc. (US)', 'ReddiForm Inc. (US)'

Insulated concrete forms (ICFs) are known for their exceptional structural strength and ability to withstand extreme weather conditions like hurricanes, earthquakes, and fires. This characteristic is particularly valuable in regions prone to natural disasters, as ICFs provide enhanced safety and durability compared to traditional construction methods.

Growing emphasis on sustainable and energy-efficient construction practices: ICF is a construction system that uses interlocking forms made of insulating materials, such as expanded polystyrene (EPS) or extruded polystyrene (XPS), which are filled with concrete. This combination provides excellent insulation, structural strength, and thermal performance to buildings. With increasing awareness of environmental concerns and the need for energy conservation, there is a rising demand for sustainable construction solutions like ICF. The adoption of ICF offers benefits such as reduced energy consumption, lower carbon footprint, improved indoor comfort, and enhanced durability. Governments and regulatory bodies are also promoting energy-efficient building practices through incentives, codes, and standards, further driving the market growth of insulated concrete forms.

North America is the most dominant region in the ICF market, accounting for a market share of around 36% in 2021. This is due to the increasing demand for energy-efficient buildings in the US and Canada. The US government has set ambitious energy efficiency goals for new buildings, which is driving the demand for ICFs.

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Global Insulated Concrete Form Market

Report ID: SQMIG20B2061

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