Insulated Concrete Form (ICF) Market Size Likely to Reach USD 1.40 Billion by 2027 – Reports and Data



Reports And Data

The growing demand for green and sustainable construction, awareness towards disaster reconstruction will lead to the growth of insulated concrete form market

NEW YORK, NY, UNITED STATE, Oct. 15, 2021 /EINPresswire.com/ – The global Insulated Concrete Form (ICF) market is estimated to reach USD 1.40 Billion by 2027, according to a new Reports and Data report . Growing urbanization in developing countries will offer positive prospects for the construction sector, which will further improve the industry landscape. ICF systems offer better energy efficiency and substantial structural strength, thereby contributing to further implementation in the residential and non-residential sectors.

The continued growth of ICF in the construction and infrastructure sector due to more technological over traditional wooden walls and roofing will expose the size of the insulated concrete form market. The growing concern over reducing carbon dioxide levels and increasing electricity costs will further increase demand for the product, thereby providing lucrative opportunities for industry participants.

The addition of natural disasters, including tsunamis, hurricanes, floods, earthquakes, tornadoes, volcanic eruptions, etc., will also lead to an increase in the construction of homes that are not disaster resistant. The large increase in the construction of non -disaster resistant buildings in vulnerable areas will lead to significant demand for ICF in walls and roofs.

Key features such as energy efficiency and proper mitigation provided by ICF resonate with owners at all income levels, directly affecting its popularity as a building system, in tropical and subtropical climates. environment. The migration of the rural population to urban areas, as well as the conversion of large cities to cities, will increase the demand for new construction projects in developing economies. Besides, a positive development in the standard of living of consumers will stimulate significant demand for energy efficient, highly durable, and exciting products, thereby increasing the product portfolio.

Favorable government initiatives to raise awareness and provide subsidies for the use of green materials in the construction sector will lead to increased demand for the product. Significant regulatory developments improving mandatory building thickness requirements and the adoption of energy efficiency standards have further strengthened the demand for insulated concrete formwork materials.

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Key participants include BASF, IntegraSpec, Quad-Lock Building Systems Ltd., Airlite Plastics Co. (Fox Blocks), Superform Products Ltd., Future Foam, AMVIC, LOGIX Insulated Concrete Forms, ConForm Global, and RPM International Inc., among others.

Additional key findings from the report suggest

• Insulated concrete forms made from polystyrene accounted for the largest market share in 2019 due to their higher thermal insulation values, their lightness, and their low cost. Lightweight expanded polystyrene foams are widely used because of their low density, enhanced mechanical properties, dimensional stability, and thermal insulation.
• The non -residential segment is expected to grow at a CAGR of 5.3% from 2019 to 2027. The increase in the number of hospitals, restaurants, and hotels, and educational buildings due to population growth is expected to boost the growth of the construction industry . Increasing the penetration of products in the construction sector should have a positive impact on market growth.
• The early adoption of ICF products and the growing demand for green building solutions should promote the growth of the industry in Europe. Also, the European Commission’s green building program to improve the energy efficiency of residential and non-residential buildings in Europe should support the growth of insulated concrete formwork.

Browse the Complete “Insulated Concrete Form (ICF) Market” Report @ https://www.reportsanddata.com/report-detail/insulated-concrete-form-icf-market

For the purpose of this report, Reports and Data are divided into the global Insulated Concrete Form market based on Material Type, Concrete Shape, Application, and Region:

Material Type of Outlook (Revenue, Billion USD; 2017-2027)

• Polystyrene
• Fiber-Bonded Wood Fiber
• Polyurethane

Concrete Shape Outlook (Revenue, Billion USD; 2017-2027)

• Flat Wall System
• Waffle Grid System
• Posting System and Lintel

Application Outlook (Revenue, USD Billion; 2017-2027)

• Address
• No Residence

The research study includes an in-depth analysis of the market using advanced research techniques such as SWOT analysis and Porter’s Five Strengths analysis. The report will further explore key business players with their in-depth prof, product portfolio, and strategic business decisions. The report is formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on recent mergers and acquisitions, joint ventures, partnerships, partnerships, and product launches, among others.

The regional analysis covers the analysis of import / export, production and consumption ratio, supply and demand, cost, price, estimated revenue and total margin, and presence of major players in the region. The report also offers insights about revenue growth, market size, market share, technological advancement, and presence of key players in each region.

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The Regional Bifurcation of the Insulated Concrete Form (ICF) Market includes:

North America (US, Canada, Mexico)
Europe (UK, Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

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