Insulated Concrete Form Market Report 2024: Size, Share, Growth, Trends, Analysis, Forecast, Outlook

The insulated concrete form market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to energy efficiency awareness, stringent building codes, natural disaster resilience, increased construction speed, increased construction of high-rise buildings.

The insulated concrete form market size is expected to see strong growth in the next few years. It will grow to $1.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growing demand from the construction industry, increasing demand for energy-efficient buildings, government initiatives and incentives, population growth in urban areas, climate change considerations. Major trends in the forecast period include advancements in icf technology, hybrid construction systems, digitalization in construction, net zero energy buildings, architectural design flexibility.

Market Overview -
Insulated concrete form refers to a concrete wall-forming system that stays in place permanently as part of the structure and is not removed after the concrete has hardened. High-density styrofoam or other lightweight materials are used for their formation, in which the insulated concrete forms are separate panels connected with plastic or metal ties or can be pre-formed interlocking blocks.

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Rising Demand For Energy-Efficient Buildings Is A Boost To The Insulated Concrete Form (ICF) Market
The increasing demand for energy-efficient buildings is driving the insulated concrete form (ICF) market. Construction industries, particularly in regions such as Europe and North America are increasingly constructing green and energy-efficient buildings. ICFs are lightweight, hollow forms generally manufactured using high-density expanded polystyrene panels. These panels are connected & distinctively designed with 100% recycled polypropylene webs. ICFs minimize the waste produced which is 100% recyclable. ICFs enhance the energy efficiency of construction buildings. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in 2022, the demand for energy-efficient buildings grew by almost 1% compared to 2021. Therefore, the increasing demand for energy-efficient buildings is driving the insulated concrete form (ICF) market .

Competitive Landscape -
Major companies operating in the insulated concrete form market report are 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., Durisol UK Ltd., Airlite Plastics Company, ConForm Global Pvt. Ltd., KORE Group Holdings Inc., Standard ICF Corp., Badische Anilin und Soda Fabrik, BuildBlock Building Systems LLC., Green Life Buildings Ltd., HIRSCH Servo AG, Inner City Fund Solutions Inc., IQbloc Malta Ltd., ISO SPAN Baustoffwerk GmbH, Polska Z. o. o, JACKON Insulation GmbH, Poliespanso S. r. l., PolySteel UK Ltd., SHC Ltd., Sismo Inc., Styro Stone Pvt. Ltd., Thermo House System Sp. z o. o., Twinwall-ICF Limited, Variant Haus SL

Innovative Public-Private Partnerships Transforming The Insulated Concrete Form Market
Public-private partnerships are the key trend in the insulated concrete form market. For instance, in April 2021, the Insulating Concrete Forms Manufacturers Association (ICFMA), a UK-based company that promotes the use of Insulating Concrete Forms (ICF), announced a partnership with National Ready Mixed Concrete Association's (NRMCA) Build with a strength program, Build with Strength 2.0. The program is partnering with Habitat for Humanity International to secure decent, inexpensive, and sustainable housing across the United States and it is donating concrete for the construction of Habitat homes. Further, in August 2021, Graven Hill, a self-build a village in the UK, partnered with Iconic Development Group (IDG) to offer ICF-constructed homes in the UK. Moreover, IDG is building six homes at Graven Hill and plans to build 20 houses at that site in the coming years.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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