Insulated Concrete Form (ICF) Market
Global Insulated Concrete Form (ICF) Market Size, Share & Trends Analysis Report, By Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, and Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, and Residential), Forecast (2021-2027). Update Available - Forecast 2024-2030
The global insulated concrete form market is anticipated to grow at a significant CAGR of nearly 5.7% during the forecast period. The major factors that are driving the market growth include the increasing demand for energy-efficient buildings, along with the increasing construction of high-rise buildings. For instance, The Indian government has been actively boosting housing construction, as it aims to provide homes to about 1.3 billion people. The country is likely to witness $1.3 trillion of investment in the housing sector over the next seven years, and it is likely to witness the construction of 60 million new homes in the country. The availability of affordable housing in the country is expected to rise by around 70% by 2024.
Another factor includes increasing preparation toward disasters, and reduced construction time drives the market growth. For instance, in August 2021, Graven Hill has partnered with Iconic Development Group to offer ICF-constructed homes in the United Kingdom. Moreover, Iconic Development Group is building six homes at Graven Hill and plans to build 20 houses at the site in the coming years. However, high costs of insulated concrete form are expected to hamper the growth of the insulated concrete form market during the forecast period.
Impact of COVID-19 Pandemic on Global Insulated Concrete Form Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically reduced the demand for insulated concrete form. As per the International Monetary Fund (IMF), due to the COVID-19 pandemic, the global economy shrunk by 3.0% in 2020. The COVID-19 pandemic has given a very tough time to most of the manufacturing, developing, production, and logistic units of the market. The construction industry has been impacted due to this pandemic. The negative impact of the COVID-19 outbreak on the construction sector has in turn led to declining in the growth of the insulated concrete form industry. Due to lockdown the supply chain disruptions and closing of contracts to control expenses. Every day about an estimated loss of $4,000.0 million is faced by the global market in this pandemic. The investment in the insulated concrete form market is decreased by 13.0-30.0% during the pandemic. The insulated concrete form market started recovery as industrial operations were normalized after the recovery.
Segmental Outlook
The global Insulated Concrete Form (ICF) market is segmented based on the material, and application. Based on the material, the market is segmented into polystyrene foam, polyurethane foam, cement-bonded wood fiber, cement-bonded polystyrene beads, and cellular concrete. Based on the application, the market is sub-segmented into the commercial, industrial, infrastructure, and residential.
Global Insulated Concrete Form Market Share by Application, 2020 (%)
ResidentialSegment Holds the Major Share in the Global Insulated Concrete Form Market.
Based on the application, the residential held the major share in 2020. The migration of rural population to urban areas, and the conversion of towns into cities are increasing the development for new construction projects, which in turn, is stimulating the demand for ICF. As per the Asia-Pacific Human Development Report published by the United Nations Development Programme, the total population in the Asia Pacific region is projected to reach 4.84 billion by 2050, of which 64% is projected to be urban population. A positive shift in the living standards is expected to lead to the demand for energy-efficient, and durable buildings. The growth in disposable income enables consumers to opt for new, latest, and environment-friendly construction materials.
Regional Outlook
The global Insulated Concrete Form market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Insulated Concrete Form Market Growth by Region, 2021-2027
Asia-Pacific Region Holds the Major Share in the Global Insulated Concrete Form Market.
Asia-Pacific region dominates the insulated concrete form market. The factor that drives the market in Asia-Pacific is the increasing penetration of ICF blocks in the commercial construction segment. China and Japan accounted for the prominent shares for the consumption of the product due to the rising trends for modern and green constructions. Additionally, government investments in the construction sector provide potential growth opportunities for the insulated concrete form market in this region. For instance, to contain the growing greenhouse gas predicaments in the major cities of China, the country’s national climate commitment calls for 50% of all new buildings constructed by 2020 to be certified as green buildings, while its 13th five-year plan prioritizes building efficiency. Following these commitments, the country’s green building sector is expected to increase from 5% to 28% by 2030, representing a $12.9 trillion investment opportunity. This provides a lucrative opportunity for the ICF market.
Market Players Outlook
The major companies serving the global Insulated Concrete Form market include Airlite Plastics Company, Amvic Inc., Apex Block, and BASF SE. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, In April 2021, the Insulating Concrete Forms Manufacturers Association (ICFMA) has announced its partnership with National Ready Mixed Concrete Association’s (NRMCA) Build with a strength program, namely, Build with Strength 2.0. The program is partnering with Humanity International to fortify decent, affordable, and sustainable housing across the US, and is donating concrete for the construction of Habitat homes.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Insulated Concrete Form market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Insulated Concrete Form Market
• Recovery Scenario of Global Insulated Concrete Form Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Airlite Plastics Company
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Amvic Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Apex Block
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. BASF SE
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. BECO Products Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Insulated Concrete Form Market by Material
4.1.1. Polystyrene Foam
4.1.2. Polyurethane Foam
4.1.3. Cement-bonded Wood Fiber
4.1.4. Cement-bonded Polystyrene Beads
4.1.5. Cellular Concrete
4.2. Global Insulated Concrete Form Market by Application
4.2.1. Commercial
4.2.2. Industrial
4.2.3. Infrastructure
4.2.4. Residential
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BuildBlock Building Systems, LLC.
6.2. Durisol UK
6.3. ICF Tech
6.4. Integraspec ICF
6.5. Liteform Technologies
6.6. Logix Insulated Concrete Forms Ltd.
6.7. Mikey Block
6.8. Nudura Corp.
6.9. PFB Corp.
6.10. Polysteel Warmer Wall
6.11. Quad-Lock Building Systems, Ltd.
6.12. Rastra Holding LLC
6.13. Standard ICF Corp.
6.14. Superform Products Ltd.
1. GLOBAL INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
2. GLOBAL POLYSTYRENE FOAM INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL POLYURETHANE FOAM INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL CEMENT-BONDED WOOD FIBER INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL CEMENT-BONDED POLYSTYRENE BEADS INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL CELLULAR CONCRETE INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
8. GLOBAL INSULATED CONCRETE FORM FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL INSULATED CONCRETE FORM FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL INSULATED CONCRETE FORM FOR INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL INSULATED CONCRETE FORM FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
15. NORTH AMERICAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
16. EUROPEAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. EUROPEAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
18. EUROPEAN INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. REST OF THE WORLD INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. REST OF THE WORLD INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
24. REST OF THE WORLD INSULATED CONCRETE FORM MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL INSULATED CONCRETE FORM MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL INSULATED CONCRETE FORM MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL INSULATED CONCRETE FORM MARKET, 2021-2027 (%)
4. GLOBAL INSULATED CONCRETE FORM MARKET SHARE BY MATERIAL, 2020 VS 2027 (%)
5. GLOBAL POLYSTYRENE FOAM INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL POLYURETHANE FOAM INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL CEMENT-BONDED WOOD FIBER INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL CEMENT-BONDED POLYSTYRENE BEADS INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL CELLULAR CONCRETE INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL INSULATED CONCRETE FORM MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
11. GLOBAL INSULATED CONCRETE FORM FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL INSULATED CONCRETE FORM FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL INSULATED CONCRETE FORM FOR INFRASTRUCTURE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL INSULATED CONCRETE FORM FOR RESIDENTIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL INSULATED CONCRETE FORM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. US INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
18. UK INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD INSULATED CONCRETE FORM MARKET SIZE, 2020-2027 ($ MILLION)
