Insulated Concrete Form (ICF) Market - By Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential) & Forecast, 2024-2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Insulated Concrete Form (ICF) Market - By Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential) & Forecast, 2024-2032
Insulated Concrete Form (ICF) Market - By Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential) & Forecast, 2024-2032
Insulated Concrete Form (ICF) Market Size
Insulated Concrete Form Market was valued USD 1.2 billion in 2023 and is anticipated to witness more than 7.1% CAGR from 2024 to 2032, driven by the rising number of energy efficient buildings worldwide.
The surging consumer awareness regarding environmental issues have made way for a large number of government regulations as well as advancements in building technologies. Energy-efficient buildings have thus garnered popularity as they help in minimizing energy consumption and their environmental impact to offer comfortable and healthy living and working spaces. Several governments worldwide are also implementing regulations to provide incentives for promoting energy efficiency in buildings. The influx of green building certifications along with the rising advancements in construction techniques, building materials, and energy-efficient technologies will also anchor the market growth.
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Insulated Concrete Form Market Growth Drivers & Restraints
The rising prominence of durable as well as advanced building insulation amongst builders and contractors to meet the energy-saving and energy conservation norms will influence the market growth. However, the higher prices of ICF products in comparison to other substitutes will limit the product preference to some extent. The production of ICF necessitates specialized construction techniques and expertise which leads to additional training and skill, further increasing the labor costs. The additional prices associated with the customization of the ICF systems to fit specific architectural designs may also restrain the industry development.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Insulated Concrete Form Market Size in 2023 | USD 1.2 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 7.1% |
| 2032 Value Projection | USD 2.25 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 180 |
| Segments covered | Material, Application, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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COVID-19 Impact
The COVID-19 pandemic had negative impact on the ICF market given the delays and interruptions in multiple construction projects propelled by the influx of labor shortages, lockdown measures, and social distancing requirements. As the construction industry, particularly ICF construction, relies on skilled workforce, the outbreak slowed down a large number of projects while increasing the labor costs. The redirection of resources towards healthcare infrastructure among other urgent needs also limited the product demand during the pandemic.
Insulated Concrete Form Market Trends
Rising government support to promote sustainable building measures for greener and more sustainable future will boost the market expansion. This can be attributed to the growing importance on addressing environmental challenges, reducing energy consumption, and mitigating climate changes. The increasing transition towards environmentally friendly as well as energy-efficient construction practices has compelled numerous governments to provide regulations, incentives, education, and research funding. The surge in construction of passive houses will further accelerate the industry development.
Insulated Concrete Form (ICF) Market Analysis
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With respect to material, the ICF market size from the polystyrene foam material segment is estimated to register over 6.7% CAGR from 2023 to 2032. The increasing adoption of polystyrene foams in production of several consumer products and foams for walls & roofs of buildings can be attributed their insulating and cushioning properties. On account of their durability and strength, ICFs made from polystyrene foam are preferred in areas that are prone to natural disasters, including hurricanes, earthquakes, and tornadoes. Increasing adoption to offer enhanced resistance against high wind loads, impact, and fire will also drive the segment expansion.
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Based on application, the residential segment accounts for nearly 50% of the insulated concrete form market share and is expected to record notable CAGR from 2023 to 2032 led by the rising number of nuclear families worldwide. ICF is increasingly used in residential building to offer improved energy efficiency, sound insulation, strength, design flexibility, durability and indoor air quality. In comparison to traditional methods, ICF construction saves time and labor costs as it eliminates the need for separate framing as well as insulating processes. The rise in public-private partnerships in new residential construction will also influence the market revenue.
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North America is dominated around 43% of the insulated concrete form industry revenue share by 2032. The growth can be attributed to the influx of favorable government policies for supporting the adoption of energy-efficient materials in buildings. For instance, numerous government projects, including Affordable Housing Initiative and the New Building Canada Plan (NBCP) have been introduced in Canada. The rising number of residential and commercial buildings in the region have made way for several sustainable construction methods, contributing to the market development.
Insulated Concrete Form (ICF) Market Share
Some of the major participants in the ICF market include
- Airlite (Fox Blocks)
- Buildblock Building System
- Amvic Inc.
- Polycrete
- Apex Block
- Beco Products Ltd.
- Logix Insulated Concrete Forms Ltd.
- Quad-Lock Building Systems Ltd.
- ICF Tech
- Integraspec
- Durisol
- Nudura Corporation
- Liteform Technologies
- Mikey Block
- PFB Corporation
- Rastra Holding LLC
- Superform Products Ltd.
- Polysteel Warmer Wall
- Sunbloc
- Onsite ICF
- Standard ICF Corp
Insulated Concrete Form Industry News
- In November 2022, Foam Holdings, a leading foam products company, acquired Amvic and Concrete Block Insulating Systems, Inc. (“CBIS”) in a bid to add more complementary products and locations to its portfolio to better service its customers in North America.
- In April 2032, Onsite ICF, partnered with BASF East Africa, a major supplier of chemicals, to build affordable housing in Kenya. The partnership leveraged the former’s innovative building technology using the latter’s construction materials for providing quality and affordable housing to Kenyans.
This insulated concrete form market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet & revenue in USD million from 2018 to 2032 for the following segments
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Market, By Material
- Polystyrene Foam
- Polyurethane Foam
- Cement-bonded Wood Fiber
- Cement-bonded Polystyrene Beads
- Cellular Concrete
Market, By Application
- Commercial
- Industrial
- Infrastructure
- Residential
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Russia
- Asia Pacific
- China
- India
- Japan
- Indonesia
- Australia
- Malaysia
- Thailand
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Market definition
1.2 Base estimates & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Secondary
1.4.1.1 Paid
1.4.1.2 Unpaid
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Insulated concrete form industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Material trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Insulated Concrete Form Industry Insights
3.1 Industry segmentation
3.1.1 Industry landscape, 2018 - 2032
3.2 COVID 19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Value chain disruption analysis (COVID 19 impact)
3.3.3 Vendor matrix
3.4 Technology landscape
3.5 Pricing trends
3.5.1 Price by material
3.5.2 Cost structure analysis
3.5.3 COVID-19 impact on pricing
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing focus on energy efficiency
3.7.1.2 Positive outlook for the construction sector in developing countries
3.7.1.3 Rapid urbanization in emerging economies
3.7.1.4 Favorable government regulations
3.7.2 Industry pitfalls & challenges
3.7.2.1 High cost of ICF products compared to market substitutes
3.8 Innovation & sustainability
3.9 Growth potential analysis, 2022
3.10 Porter's analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Industry rivalry
3.10.5 Threat of substitutes
3.11 Company market share analysis, 2022
3.11.1 Top players analysis
3.11.2 Strategy dashboard
3.12 PESTEL analysis
3.13 Impact of COVID-19 on insulated concrete form industry by application
Chapter 4 Insulated Concrete Form Market, By Material
4.1 Global insulated concrete form market material insights
4.2 Polystyrene foam
4.2.1 Market estimates and forecast, 2018 - 2032
4.2.2 Market estimates and forecast, by region, 2018 - 2032
4.3 Polyurethane foam
4.3.1 Market estimates and forecast, 2018 - 2032
4.3.2 Market estimates and forecast, by region, 2018 - 2032
4.4 Cement-bonded wood fiber
4.4.1 Market estimates and forecast, 2018 - 2032
4.4.2 Market estimates and forecast, by region, 2018 – 2032
4.5 Cement-bonded polystyrene beads
4.5.1 Market estimates and forecast, 2018 - 2032
4.5.2 Market estimates and forecast, by region, 2018 – 2032
4.6 Cellular concrete
4.6.1 Market estimates and forecast, 2018 - 2032
4.6.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 5 Insulated Concrete Form Market, By Application
5.1 Global insulated concrete form market application insights
5.2 Commercial
5.2.1 Market estimates and forecast, 2018 - 2032
5.2.2 Market estimates and forecast, by region, 2018 - 2032
5.3 Industrial
5.3.1 Market estimates and forecast, 2018 - 2032
5.3.2 Market estimates and forecast, by region, 2018 – 2032
5.4 Infrastructure
5.4.1 Market estimates and forecast, 2018 - 2032
5.4.2 Market estimates and forecast, by region, 2018 - 2032
5.5 Residential
5.5.1 Market estimates and forecast, 2018 - 2032
5.5.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 6 Insulated Concrete Form Market, By Region
6.1 Global insulated concrete form market region insights
6.2 North America
6.2.1 Market estimates and forecast, 2018 - 2032
6.2.2 Market estimates and forecast, by material, 2018 - 2032
6.2.3 Market estimates and forecast, by application, 2018 - 2032
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2018 - 2032
6.2.4.2 Market estimates and forecast, by material, 2018 - 2032
6.2.4.3 Market estimates and forecast, by application, 2018 - 2032
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2018 - 2032
6.2.5.2 Market estimates and forecast, by material, 2018 - 2032
6.2.5.3 Market estimates and forecast, by application, 2018 – 2032
6.3 Europe
6.3.1 Market estimates and forecast, 2018 - 2032
6.3.2 Market estimates and forecast, by material, 2018 - 2032
6.3.3 Market estimates and forecast, by application, 2018 - 2032
6.3.4 Germany
6.3.4.1 Market estimates and forecast, 2018 - 2032
6.3.4.2 Market estimates and forecast, by material, 2018 - 2032
6.3.4.3 Market estimates and forecast, by application, 2018 - 2032
6.3.5 UK
6.3.5.1 Market estimates and forecast, 2018 - 2032
6.3.5.2 Market estimates and forecast, by material, 2018 - 2032
6.3.5.3 Market estimates and forecast, by application, 2018 - 2032
6.3.6 France
6.3.6.1 Market estimates and forecast, 2018 - 2032
6.3.6.2 Market estimates and forecast, by material, 2018 - 2032
6.3.6.3 Market estimates and forecast, by application, 2018 - 2032
6.3.7 Italy
6.3.7.1 Market estimates and forecast, 2018 - 2032
6.3.7.2 Market estimates and forecast, by material, 2018 - 2032
6.3.7.3 Market estimates and forecast, by application, 2018 - 2032
6.3.8 Spain
6.3.8.1 Market estimates and forecast, 2018 - 2032
6.3.8.2 Market estimates and forecast, by material, 2018 - 2032
6.3.8.3 Market estimates and forecast, by application, 2018 - 2032
6.3.9 Russia
6.3.9.1 Market estimates and forecast, 2018 - 2032
6.3.9.2 Market estimates and forecast, by material, 2018 - 2032
6.3.9.3 Market estimates and forecast, by application, 2018 - 2032
6.3.10 Poland
6.3.10.1 Market estimates and forecast, 2018 - 2032
6.3.10.2 Market estimates and forecast, by material, 2018 - 2032
6.3.10.3 Market estimates and forecast, by application, 2018 - 2032
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2018 - 2032
6.4.2 Market estimates and forecast, by material, 2018 - 2032
6.4.3 Market estimates and forecast, by application, 2018 – 2032
6.4.4 China
6.4.4.1 Market estimates and forecast, 2018 - 2032
6.4.4.2 Market estimates and forecast, by material, 2018 - 2032
6.4.4.3 Market estimates and forecast, by application, 2018 - 2032
6.4.5 India
6.4.5.1 Market estimates and forecast, 2018 - 2032
6.4.5.2 Market estimates and forecast, by material, 2018 - 2032
6.4.5.3 Market estimates and forecast, by application, 2018 - 2032
6.4.6 Japan
6.4.6.1 Market estimates and forecast, 2018 - 2032
6.4.6.2 Market estimates and forecast, by material, 2018 - 2032
6.4.6.3 Market estimates and forecast, by application, 2018 - 2032
6.4.7 Malaysia
6.4.7.1 Market estimates and forecast, 2018 - 2032
6.4.7.2 Market estimates and forecast, by material, 2018 - 2032
6.4.7.3 Market estimates and forecast, by application, 2018 - 2032
6.4.8 Indonesia
6.4.8.1 Market estimates and forecast, 2018 - 2032
6.4.8.2 Market estimates and forecast, by material, 2018 - 2032
6.4.8.3 Market estimates and forecast, by application, 2018 - 2032
6.4.9 Australia
6.4.9.1 Market estimates and forecast, 2018 - 2032
6.4.9.2 Market estimates and forecast, by material, 2018 - 2032
6.4.9.3 Market estimates and forecast, by application, 2018 – 2032
6.4.10 Thailand
6.4.10.1 Market estimates and forecast, 2018 - 2032
6.4.10.2 Market estimates and forecast, by material, 2018 - 2032
6.4.10.3 Market estimates and forecast, by application, 2018 - 2032
6.5 Latin America
6.5.1 Market estimates and forecast, 2018 - 2032
6.5.2 Market estimates and forecast, by material, 2018 - 2032
6.5.3 Market estimates and forecast, by application, 2018 - 2032
6.5.4 Brazil
6.5.4.1 Market estimates and forecast, 2018 - 2032
6.5.4.2 Market estimates and forecast, by material, 2018 - 2032
6.5.4.3 Market estimates and forecast, by application, 2018 – 2032
6.5.5 Mexico
6.5.5.1 Market estimates and forecast, 2018 - 2032
6.5.5.2 Market estimates and forecast, by material, 2018 - 2032
6.5.5.3 Market estimates and forecast, by application, 2018 - 2032
6.6 Middle East & Africa (MEA)
6.6.1 Market estimates and forecast, 2018 - 2032
6.6.2 Market estimates and forecast, by material, 2018 - 2032
6.6.3 Market estimates and forecast, by application, 2018 - 2032
6.6.4 Saudi Arabia
6.6.4.1 Market estimates and forecast, 2018 - 2032
6.6.4.2 Market estimates and forecast, by material, 2018 - 2032
6.6.4.3 Market estimates and forecast, by application, 2018 - 2032
6.6.5 UAE
6.6.5.1 Market estimates and forecast, 2018 - 2032
6.6.5.2 Market estimates and forecast, by material, 2018 - 2032
6.6.5.3 Market estimates and forecast, by application, 2018 - 2032
6.6.6 South Africa
6.6.6.1 Market estimates and forecast, 2018 - 2032
6.6.6.2 Market estimates and forecast, by material, 2018 - 2032
6.6.6.3 Market estimates and forecast, by application, 2018 - 2032
Chapter 7 Company Profiles
7.1 Airlite (Fox Blocks)
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Amvic Inc.
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 Apex Block
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 Beco Products Ltd.
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Buildblock Building System
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Durisol
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 ICF Tech
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Integraspec
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 Liteform Technologies
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Logix Insulated Concrete Forms Ltd.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis
7.11 Mikey Block
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.11.5 SWOT Analysis
7.12 Nudura Corporation
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.12.5 SWOT Analysis
7.13 PFB Corporation
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.13.5 SWOT Analysis
7.14 Polycrete
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
7.14.5 SWOT Analysis
7.15 Polysteel Warmer Wall
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 Strategic Outlook
7.15.5 SWOT Analysis
7.16 Quad-Lock Building Systems Ltd.
7.16.1 Business Overview
7.16.2 Financial Data
7.16.3 Product Landscape
7.16.4 Strategic Outlook
7.16.5 SWOT Analysis
7.17 Rastra Holding LLC
7.17.1 Business Overview
7.17.2 Financial Data
7.17.3 Product Landscape
7.17.4 Strategic Outlook
7.17.5 SWOT Analysis
7.18 Sunbloc
7.18.1 Business Overview
7.18.2 Financial Data
7.18.3 Product Landscape
7.18.4 Strategic Outlook
7.18.5 SWOT Analysis
7.19 Superform Products Ltd.
7.19.1 Business Overview
7.19.2 Financial Data
7.19.3 Product Landscape
7.19.4 Strategic Outlook
7.19.5 SWOT Analysis
7.20 Standard ICF Corp.
7.20.1 Business Overview
7.20.2 Financial Data
7.20.3 Product Landscape
7.20.4 Strategic Outlook
7.20.5 SWOT Analysis