Press release
Insulated Concrete Form Market to exceed USD 970 million by 2024
Global Insulated Concrete Form Market size contributed higher than $471 for 2015 and is anticipated to record CAGR of about 8.1% during forecast timeline. Large number of homebuilders are turning to green building due to factors like growing health concerns, customer health awareness, quality of life, high power costs and depletion of natural resources. This has resulted in power efficacy, high quality construction and great air quality which is predicted to drive global insulated concrete form industry trends during forecast period.Furthermore, growing demand for natural disaster resistant construction and strict rules regarding power efficacy as well as lightweight substances particularly across developed areas is predicted to drive industry expansion. Middle East & Africa and Asia Pacific are experiencing substantial growth in construction expenditure and infrastructure spending and provide high future prospects for products.
But high product price as compared to price of wood is anticipated to hinder industry growth. However, enhanced consciousness among builders and new construction codes across European Union and U.S. is predicted to fuel insulated concrete form industry expansion in future.
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Application Trends
Global insulated concrete form industry is segmented into infrastructure application, commercial application, residential application and industrial application.
Residential application is predicted to be an important segment and contributed for more than 55.1% of global insulated concrete form market share for 2015. The segment is projected to cross 150 million sq. foot by end of forecast timeline. Also, the world population is projected to grow from 7.1 billion in 2011 to 9 billion by end of forecast timeline, further increasing demand for residential construction segment.
Industrial application segment is predicted to expand at rapid rate during forecast timeline owing to dynamic rules and regulations. About $80.1 trillion is predicted to be spent on this global application segment during forecast timeframe which is predicted to stimulate its demand.
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Product Trends
Global insulated concrete form market is segmented into different products like cellular concrete, polystyrene foam, cement bonded polystyrene beads, polyurethane foam and cement bonded wood fiber.
Polystyrene foam is the biggest product segment and contributed more than 69.1% of global insulated concrete form industry share for 2015. The reasons for the segment growth can be credited to customer choice like power efficacy, structural security, low maintenance charges and comfort.
Polyurethane foam segment had experienced rapid acceptance in insulated concrete foam construction sector with revenue projected at more than $100.1 million for 2015. China is predicted to be the highest producer as well as regional customer for this segment.
Regional Trends
Global insulated concrete form industry is segmented into geographical locations like North America, Middle East & Africa, Asia Pacific, Latin America and Europe.
Asia Pacific, with biggest materials and construction sector all across the globe, remains an attractive destination, driven by India and China insulated concrete form market. It is predicted to expand at more than 10.1%.
Growing customer consciousness and strict regulations are predicted to stimulate U.S. insulated concrete form industry expansion. Canada is a big and stable construction sector with strong green building sector promoted by government policies and industry forces.
Europe insulated concrete form market contributed higher than $121 million for 2015 in terms of revenue. Middle East & Africa and Latin America insulated concrete form markets are comparatively new and this industry is today striving for creating consciousness in these regions.
Read full market research report “Insulated Concrete Form Market Size By Application (Commercial, Industrial, Infrastructure, Residential), By Material (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement Bonded Polystyrene Beads, Cellular Concrete), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024”, please click on the link below:
https://www.gminsights.com/industry-analysis/insulated-concrete-form-market
Competitive Trends
Key industry participants profiled in the report include Durisol, Amvic Incorporation, BASF SE, Superform Products Limited, BuildBlock Building Systems, Standard ICF Corporation, Superform Products Limited, ICF Tech, PFB Corporation, Quad-Lock Building Systems Limited, Fox Blocks, Apex Block, IntegraSpec, Nudura Corporation, Bayer AG, Liteform Technologies, FXI-Foamex Innovations, Logix Insulated Concrete Forms Limited, Beco Products Limited, Conform Global, Integraspec, Future Foam Incorporation, ISM Sismo, Nudura Corporation, Tosoh Corporation and Plasti-Fab.
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