Insulated Concrete Form Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Material Type (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, and Cement-bonded Polystyrene Beads), Application (Residential, Commercial, and Institutional), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

13 %

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Market Overview

The market for insulated concrete form (ICF) is expected to grow at a CAGR of over 13%. One of the major factors driving the market studied is the growing demand for hi-rise residential buildings. However, high cost assosciated with ICF is likely to restrain the market.

  • Demand for energy-efficient buildings is also likely to boost the demand for ICF during the forecast period.
  • Increasing promotion and awareness of ICF among both manufacturers and consumers is likely to act as an opportunity for the market growth in future.
  • North America accounted for the highest market share in ICF market globally and is likely to dominate the market during the forecast period.

Scope of the Report

The insulated concrete form (ICF) market report includes:            

Material Type
Polystyrene Foam
Polyurethane Foam
Cement-bonded Wood Fiber
Cement-bonded Polystyrene Beads
Application
Residential
Commercial
Institutional
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Residential Application to Dominate the Market

  • Residential application segment dominated the global market. ICF offers a high level of energy efficiency when compared to traditional construction materials such as bricks, and wood.
  • An increase in the number of building codes that demand energy efficiency has led to the rise in the number of ICF constructions in the residential sector.
  • For instance, the new energy code in Canada demands continuous below-grade insulations in residential structures.
  • According to distributors and installers in the two major markets of the United States and Canada, the vast majority of ICF home constructions are skewed toward high-end custom homes, and the demand is still being driven by homeowners, in terms of the number of projects.
  • Multi-family homes attribute to the largest market growth in the residential sector. Moreover, basement constructions still make up a significant portion of ICF residential construction works.
  • Hence, with growing awareness and promotional campaigns held by various ICF organizations, the market for ICF in the residential sector is expected to grow over the forecast period.

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North America to Dominate the Market

  • The ICF market is dominated by North America owing to the high demand from end-user industries in the United States.
  • The demand for ICF in the United States is driven by commercial and institutional sub-segments. However, the residential sub-segment held a dominant position in the US ICF market.
  • The growing residential construction industry in the United States is expected to drive the demand for ICF in the region.
  • The municipal and state governments have largely adopted the ICF technology, to abide by the quicker construction timelines and long-term energy savings. Additionally, there has been a consistently growing demand for ICF from schools.
  • in addition to this, rebuilding in Texas and Florida following the hurricanes is also expected to increase home building activities. The capability of ICF walls to withstand strong winds is expected to drive the ICF market in these cities, over the forecast period.
  • Hence, North America is likely to dominate the ICF market during the forecast period.

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Competitive Landscape

The market for Insulated Concrete Form (ICF) is consolidated among the top five players accounting for a large chunk of the market. The major players of the market include ICF Tech Ltd., BASF SE, Airlite Plastics Company & Fox Blocks, Amvic Inc., and Logix Insulated Concrete Forms Ltd, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Demand for Energy-efficient Buildings

      2. 4.1.2 Growing Demand from Hi-rise Residential Buildings

      3. 4.1.3 Increasing Preparedness toward Disasters

      4. 4.1.4 Reduced Construction Time

    2. 4.2 Restraints

      1. 4.2.1 High Cost Association

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material Type

      1. 5.1.1 Polystyrene Foam

      2. 5.1.2 Polyurethane Foam

      3. 5.1.3 Cement-bonded Wood Fiber

      4. 5.1.4 Cement-bonded Polystyrene Beads

    2. 5.2 Application

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Institutional

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Airlite Plastics Company (Fox Blocks)

      2. 6.4.2 Amvic Inc.

      3. 6.4.3 BASF SE

      4. 6.4.4 Beco Products Ltd

      5. 6.4.5 BuildBlock Building Systems, LLC

      6. 6.4.6 Durisol UK

      7. 6.4.7 ICF Tech Ltd

      8. 6.4.8 LiteForm

      9. 6.4.9 Logix Build Solutions Ltd

      10. 6.4.10 Mikey Block Co.

      11. 6.4.11 Quad-Lock Building Systems

      12. 6.4.12 NUDURA Inc

      13. 6.4.13 PFB Corporation

      14. 6.4.14 Polycrete

      15. 6.4.15 Rastra

      16. 6.4.16 Sismo

      17. 6.4.17 Sunbloc Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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