Insulated Concrete Form (ICF) Market to Gather around USD 1,857.3 Million by 2030 and to Grow with a CAGR of 7% during 2022-2030

Market overview:

The Insulated Concrete Form (ICF) Market is expected to be worth USD 1,857.3 million by 2030, growing at a CAGR of 7% between 2022 and 2030. The market was worth USD 1.14 billion in 2021.

Natural catastrophes like earthquakes, floods, tornadoes, volcanic eruptions, hurricanes, and tsunamis have created a need for a more disaster-resistant material, raising demand for the global Insulated Concrete Form Market. Building activity is likely to increase, as is demand for a more thermally efficient product. Insulated concrete blocks are also considered green materials, which meet regulatory criteria. Furthermore, because of their exceptional acoustic qualities, insulated concrete forms are likely to grow in popularity. It also offers good insect, corrosion, and decay resistance, which are expected to boost the market growth.

Furthermore, the enticing feature of requiring less energy to heat or cool buildings is moving the industry forward. Improved insulated concrete foam features, such as increased structural strength and energy efficiency, are driving it to gain favor in various industries, including infrastructure, residential, industry, and commercial. This aspect has a large influence on market growth. In terms of performance, it outperforms hardwood roofs and walls and is far more cost-effective. Due to lockdown limitations, no one was permitted to work. Therefore there was no labor to work in the construction sector, and even if ample labor was available, there was a lack of ICFs and other materials because the manufacturing sectors were also shuttered. During the pandemic, investment in the insulated concrete form market dropped by 13-30%. The building markets surge as the COVID situation improves and limitations are eased.

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Market segmentation:

The Global Insulated Concrete Form (ICF) Market is classified by product, concrete type, and application.

According to the product:

• Polystyrene Foam
• Cement-Bonded Wood Fiber
• Polyurethane Foam
• Others

According to the form:

• Post and lintel system
• Screen grid system
• Flat wall system
• Waffle grid system

According to the application:

• Residential
• Non-residential

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Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain Of Insulated Concrete Form Market

Continue…

Regional analysis:

The Global Insulated Concrete Form (ICF) Market is divided into North America, Asia-Pacific, Europe, and the Rest of the World.

North America is expected to be the biggest market, with a CAGR of 4.8% over the projected period. The rising number of residential and building activities and huge government investments in the construction sector are ascribed to it. Europe is predicted to be the second largest market after North America due to a rise in demand for thermal insulation for residential buildings and the implementation of government initiatives to promote thermal insulation. The Asia-Pacific area will be the fastest-growing region during the forecast period. The market value is anticipated to reach USD 25 billion. By the end of the forecast period, the market is estimated to be worth USD 25 billion. The respective market valuations of Europe and North America are expected to reach USD 35 billion and USD 40 billion.

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Recent developments:

• The Insulating Concrete Forms Manufacturers Association (ICFMA) announced its relationship with the National Ready Mixed Concrete Association’s (NRMCA) Build with Strength 2.0 initiative in April 2021. The initiative is collaborating with Humanity International to strengthen decent, affordable, and sustainable housing across the United States, and it is contributing concrete for Habitat house building.
• Graven Hill has teamed with Iconic Development Group to deliver ICF-constructed homes in the United Kingdom beginning in August 2021. Furthermore, Iconic Development Group is constructing six homes in Graven Hill and intends to construct 20 residences there in the next few years.

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