Global Insulated Concrete Form Market to Reach $1.41 Billion at a Steady 6.1% CAGR by 2029

The Business Research Company

The Business Research Company's Global Insulated Concrete Form Market to Reach $1.41 Billion at a Steady 6.1% CAGR by 2029

It will grow to $1.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. ”

— The Business Research Company

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How Large Will The Insulated Concrete Form Market Be By 2025?
The size of the insulated concrete form market has consistently expanded over the past few years. It's anticipated to increase from $1.08 billion in 2024 to $1.12 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. Factors contributing to growth in the past include heightened awareness of energy efficiency, stricter building regulations, resilience against natural disasters, faster construction periods, and a rise in the construction of high-rise buildings.

Projected robust expansion in the upcoming years is anticipated for the insulated concrete form market, with a size forecasted to reach $1.42 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.1%. The surge during this forecast period can be linked to the rising demand in the construction sector, an escalating desire for buildings with superior energy efficiency, government-backed initiatives and incentives, population boom in urban settings, and considerations regarding climate change. During this same forecasting period, significant trends can be observed including developments in the domain of ICF technology, hybrid building systems, digital insights in construction, buildings exhibiting net zero energy consumption, and flexible architectural design.

Download a free sample of the insulated concrete form market report:
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What Are The Major Driving Forces Influencing The Insulated Concrete Form Market Landscape?
There is a surge in the demand for insulated concrete form (ICF) market due to the growing requirement for energy-efficient buildings. The construction industry, particularly in Europe and North America, are embracing the trend of constructing environmentally friendly and energy-efficient buildings. Essentially, ICFs are lightweight, hollow forms that are manufactured from high-density expanded polystyrene panels. They're uniquely designed with fully-recycled polypropylene webs and are interconnected. Since these ICFs reduce waste production, which can be completely recycled, they enhance the energy efficiency of buildings. For instance, as stated by the France-based International Energy Agency in July 2023, the demand for energy-efficient buildings surged by nearly 1% in 2022 in comparison to 2021. Thus, the increasing need for energy-efficient structures is propelling the demand for the insulated concrete form (ICF) market.

Who Are The Top Players In The Insulated Concrete Form Market?
Major players in the Insulated Concrete Form include:
• Nudura Corporation
• Quad-Lock Building Systems Ltd.
• Amvic Insulated Concrete Forms
• Beco Products Ltd.
• Logix Brands Ltd.
• Polycrete International Inc.
• Liteform International Inc.
• Sunbloc Ltd.
• Rastra Apex Corp. Ltd.
• SuperForm Products Ltd.

What Are The Key Trends Shaping The Insulated Concrete Form Industry?
Key players in the insulated concrete form market are prioritizing technological progression such as slab depressurization panel to enhance energy conservation, indoor air purity, and moisture regulation by enabling the removal of soil gases like radon. The role of a slab depressurization panel is to extract gases, including radon, trapped under concrete slabs, which promotes healthier indoor environments by stopping harmful gases from infiltrating buildings. For example, in July 2022, Amvic Inc., a building material firm based in Canada, launched the Amrad. This insulated panel for radon gas reduction has designed channels for soil gas accumulation and discharge through PVC pipes equipped with a fan. It eliminates the requirement for gravel and a gas barrier, offering durability, compliance with radon codes, and an enhancement in concrete slab construction's indoor air quality.

Market Share And Forecast By Segment In The Global Insulated Concrete Form Market
The insulated concrete form market covered in this report is segmented –

1) By Material: Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete
2) By Type: Waffle Grid System, Flat Wall System, Post & Beam System, Other Types
3) By Application: Commercial, Industrial, Infrastructural, Residential

Subsegments:
1) By Polystyrene Foam: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS)
2) By Polyurethane Foam: Rigid polyurethane Foam, Flexible polyurethane foam
3) By Cement-Bonded Wood Fiber: Wood Fiber Composites, Cement Mixtures With Wood Fiber
4) By Cement-Bonded Polystyrene Beads: Lightweight Concrete Blocks, Insulated Concrete Forms With Polystyrene Beads
5) By Cellular Concrete: Precast Cellular Concrete Blocks, Cast-In-Place Cellular Concrete

View the full insulated concrete form market report:
https://www.thebusinessresearchcompany.com/report/insulated-concrete-form-global-market-report

Insulated Concrete Form Market Regional Insights
In 2024, North America led as the largest region in the insulated concrete form market. The highest projected growth is anticipated in the Asia-Pacific region during the forecast period. The report encompasses various regions, namely, Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa in the insulated concrete form market.

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