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