The newly launched report by Stratview Research, titled ‘Insulated Concrete Form Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028’ has been bifurcated by Material Type (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement-Bonded Polystyrene Beads, and Cellular Concrete), by Application Type (Commercial, Industrial, Infrastructure, and Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report the insulated concrete form (ICF) market is likely to grow from USD 903.37 million in 2021 to USD 1270.49 million by 2028 at a healthy CAGR of 4.92% over the forecast period of 2022-2028. Surge in demand for green & sustainable construction to reduce carbon footprint, disaster resiliency, along with heating & cooling benefits in modern construction to drive the insulated concrete form market growth during the forecast period. Further, growing urbanization in the developing countries to render a positive impact for the building sector which will further enhance the industry landscape.
Market Segmentation Analysis –
Based on the material type, the market is segmented as polystyrene foam, polyurethane foam, cement-bonded wood fiber, cement-bonded polystyrene beads, and cellular concrete. Polystyrene foam is expected to witness significant growth rate in the market during the forecast period owing to the properties such as lightweight, high rigidity, effective impact resistance, excellent thermal insulation, and easy recyclability. In addition, a variety of product applications, such as flooring, walls, industrial cold storage facilities, refrigerators, and freezers are further expected to drive the insulated concrete form market growth during the forecast period.
Based on the application type, the market is segmented as commercial, industrial, infrastructure, and residential. The residential segment is anticipated to register high growth rate in the market owing to expected residential development in several developing economies, including India, China, and Indonesia, giving a positive commercial landscape for manufacturers. Furthermore, evolving consumer attitudes towards the development of houses that provide superior energy efficiency, improved safety, and comfort is expected to boost the product demand in the market during the forecast period.
In terms of regions, North America is estimated to be the leading region in the market during the forecast period. Rising homebuyer worries about issues such as energy prices have prompted big builders to evaluate the energy-efficiency of building materials, which will increase their market share. In addition, the industry’s growth will be fueled by the increased adoption of ICFs and pre-formed blocks and panels by major manufacturers, which offer improved energy efficiency. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period.
The following are the key players in the market-
- Quad-Lock Building Systems Ltd.
- Airlite (Fox Blocks)
- Superform Products Ltd.
- Nudura Corporation
- Logix Insulated Concrete Forms Ltd.
- BuildBlock Building Systems.
Stratview Research’s reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
Request a sample here- https://www.stratviewresearch.com/Request-Sample/1867/insulated-concrete-form-market.html#form
About Stratview Research –
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at – firstname.lastname@example.org
Connect with the analysts at – +1-313-307-4176.