Global Insulated Concrete Form Market, By Concrete Shape (Flat Wall System, Screen Grid System, Waffle Grid System, and Post & Lintel System), Material (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement-Bonded Polystyrene Beads and Others), Application (Residential, Commercial, Industrial and Infrastructure) – Industry Trends and Forecast to 2029.
Insulated Concrete Form Market Analysis and Size
The growing number of building codes that demand efficient energy has increased the number of insulated concrete form constructions in the residential sector. The ‘polystyrene foam” is the fastest growing material segment due to its several properties, such as easy recyclability of expanded polystyrene and shock & chemical resistance during the forecast period.
Data Bridge Market Research analyses that the insulated concrete form market was valued at USD 1.14 billion in 2021 and is expected to reach USD 2.03 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Insulated Concrete Form Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Concrete Shape (Flat Wall System, Screen Grid System, Waffle Grid System, and Post & Lintel System), Material (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement-Bonded Polystyrene Beads and Others), Application (Residential, Commercial, Industrial and Infrastructure)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Tremco Incorporated (India), RPM International Inc., (U.S.), Quad-Lock Building Systems (Canada), Fox Blocks (U.S.), BASF (Germany), LOGIX (Canada), Polycrete International (Canada), LiteForm (U.S.), Rastra (U.S.), SuperForm (Denmark), Durisol (Australia), Beco (UK), Mikey Block’s (U.S.)
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Market Opportunities
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Market Definition
Insulated concrete form or concrete form is a formwork system for reinforced concrete. This is generally made with a rigid thermal insulation which stays in place as a permanent exterior and interior substrate for roofs, walls and floors. These forms are interlocking modular units which are filled with concrete and dry-stacked (without mortar). Insulated concrete form construction has become commonplace for both high performance residential and low rise commercial construction as more natural disaster resistant and stringent energy efficiency building codes are adopted.
Global Insulated Concrete Form Market Dynamics
Drivers
- Increasing demand for new construction projects
The improvement in macroeconomic conditions has increased the demand for the new construction projects globally. The strong growth has been witnessed increase in demand for housing projects and new residential. Also, the demand for insulated concrete increases due to their several features such as strong walls, sound blocking ability which provides money-saving, overall comfort and most importantly disaster-resistant. These are some major factors which.is anticipated to drive the growth of the insulated concrete form market
- Rise in demand for of insulated concrete form in residential sector
Increasing demand of insulated concrete forms from the residential construction sector is anticipated to drive the growth of the insulated concrete forms market growth. The product is safe and secure for use in severe cases such as tornadoes and hurricanes. An increasing number of tropical cyclones is likely to compel consumers to adopt for insulated concrete forms during the projected period.
Opportunities
- Growing infrastructural and construction activities
The growing construction an infrastructural activities are the major factors which is propelling the growth of the insulated concrete form market. Different consumers or people have different demands such as soundproof walls, disaster restraint building and other which can be cured by using insulated concrete forms during construction. Thermal insulation performances are improved by making slight changes in the production of insulated concrete form and its popularity is growing daily among people.
Furthermore, increasing urbanization globally leads to an increase in a number of prevalence of high-performance material, and construction activities which will boost the market growth rate. Also, the rising funds for the development of industrialization and infrastructure is another major factor which will expected to create lucrative opportunities for the growth of the insulated concrete form market during forecast period
Restraints/ Challenges
- High cost associated with insulated concrete form
Volatility in the cost of the raw material and growing need of high capital investment are some major factors which will expected to hinder the growth of the insulated concrete form market during the forecast period of 2022-2029.
This insulated concrete form market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insulated concrete form market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Insulated Concrete Form Market
Ultra-high-performance concrete market affected drastically during COVID-19 pandemic because the demand for concrete from several industries decreased mostly from the construction sector. Due to the imposed lockdown, the imports and exports of the construction materials are ceased. Transportation services are banned globally, affecting the trade of construction materials. Therefore, the supply and demand for these materials are halted. But after lifting the lockdown, the growth of the ultra-high-performance market increases due to increase for its multiple benefits in several industries.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In April 2021, the Insulating Concrete Forms Manufacturers Association (ICFMA) has declared its partnership with National Ready Mixed Concrete Association’s (NRMCA) Build with a program, Build with Strength 2.0. The program is collaborating with Humanity International to fortify affordable, decent and sustainable housing in U.S. and donating concrete for the construction of Habitat homes
- In August 2021, Graven Hill has collaborated with Iconic Development Group to provide ICF-constructed homes in U.K. Furthermore, Iconic Development Group is constructing six homes at Graven Hill and plans to construct 20 houses at the site in the upcoming years.
Global Insulated Concrete Form Market Scope
The insulated concrete form market is segmented on the basis of m concrete shape, material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Concrete Shape
- Flat Wall System
- Screen Grid System
- Waffle Grid System
- Post & Lintel System
Material
- Polystyrene Foam
- Polyurethane Foam
- Cement-Bonded Wood Fiber
- Cement-Bonded Polystyrene Beads
- Others
Application
- Residential
- Commercial
- Industrial
- Infrastructure
Insulated Concrete Form Market Regional Analysis/Insights
The insulated concrete form market is analysed and market size insights and trends are provided by country, concrete shape, material and application as referenced above.
The countries covered in the insulated concrete form market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the insulated concrete form market in terms revenue. This is due to the consumer's growing awareness regarding the product's profits and the rising number of construction activities in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period due to the growing trends of green and modern constructions in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Insulated Concrete Form Market Share Analysis
The insulated concrete form market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to insulated concrete form market.
Some of the major players operating in the insulated concrete form market are:
- Tremco Incorporated (India)
- RPM International Inc., (U.S.)
- Quad-Lock Building Systems (Canada)
- Fox Blocks (U.S.)
- BASF (Germany)
- LOGIX (Canada)
- Polycrete International (Canada)
- LiteForm (U.S.)
- Rastra (U.S.)
- Super Form (Denmark)
- Durisol (Australia)
- Beco (U.K.)
- Mikey Block’s (U.S.)
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