Insulated Concrete Form Market 2023 - Key Manufacturers, Top Trends, Industry Insights, Regional Forecast and Complete Overview

The growth of the insulated concrete form market is primarily driven by factors, such as increase in urban population, rapid industrialization, and large-scale investments in residential and non-residential sectors. It is a sector that currently emphasizes on unparalleled comfort, energy efficiency, and safety. Emerging regions such as Asia, South America, and the Middle East have been witnessing a sizeable surge in construction activities.

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The insulated concrete form market is gaining momentum in the modern construction industry due to factors such as increased adoption of green buildings and favorable government regulations. Features associated with insulated concrete form, such as fire & sound resistance, high insulation values, and impact resistance are also driving the demand for insulated concrete form.

The insulated concrete market form value chain includes raw material manufacturers and suppliers, such as NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), AMVIC (Canada), Fox Blocks (US), and BASF (Germany). Products manufactured by these companies are used for residential and non-residential projects. One of the primary drivers for the insulated concrete forms market is the rapidly evolving construction industry. This eventually propels the demand for insulated concrete forms in these regions.

The insulated concrete form market in North America is projected to grow at highest CAGR from 2018 to 2023. This growth can be attributed to large-scale government investments in residential sector in this region. Additionally, increasing population and rising disposable income accelerate per capita spending on construction. US and Canada are considered to be lucrative markets for upcoming public and private construction projects.

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The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023. The insulated concrete form market has been segmented on the basis of type, material, end-use industry, and region. Factors such as ongoing residential construction activities in emerging economies and increasing new building constructions are expected to drive the demand for insulated concrete form worldwide. Based on end-use industry, the insulated concrete form market has been segmented into residential and non-residential.

3 Executive Summary

4 Premium Insights
4.1 Emerging Economies to Witness High Demand for Insulated Concrete Form
4.3 Insulated Concrete Form Market, By Material
4.4 Insulated Concrete Form Market, By End-Use Industry, 2018
4.5 Insulated Concrete Form Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Demand for Energy-Efficient Green Buildings
5.1.1.2 Rise in Construction Activities
5.1.1.3 Favorable Government Regulations
5.1.2 Restraints
5.1.2.1 High Costs
5.1.3 Opportunities
5.1.3.1 Rapid Urbanization
5.1.4 Challenges
5.1.4.1 Lack of Awareness Regarding the Latest Technologies in Emerging Economies
5.1.4.2 Economic Downturn in Major Regions

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Insulated concrete form is one of the components used to create building structures that are safe, energy-efficient, and sustainable. Insulated concrete form structures are energy-efficient, extremely durable, sound & fire resistant, and environment-friendly. Sustainable materials such as Expanded Polystyrene Foam (EPS) and polyurethane are used in the construction of insulated concrete form buildings that enhance energy efficiency and improve insulation of the construction space, which makes them excellent raw materials for these buildings.

The residential sector is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing applicability of insulated concrete form in the residential sector, owing to its properties such as energy efficiency, sound & fire resistance, and durability.

Snehal Shete
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