North America to Spearhead Insulated Concrete Form Market
Market Analysis
The insulated concrete
form (ICF) market is predicted to touch USD 900 million at a 7% CAGR between
2014- 2022 states the recent Market Research Future (MRFR) analysis. Insulated
concrete form or ICF, simply put, is a system of formwork for the reinforced
concrete made of rigid thermal insulation, which remains as a permanent
exterior and interior substrate for roofs, floors, and walls. It is available
in different concrete shapes such as post and lintel system, a waffle grid system,
a screen grid system, and a flat wall system. An insulated concrete form is
made of different materials such as cement-bonded polystyrene beads,
cement-bonded wood fiber, polyurethane foam, polystyrene foam, and more. Owing
to its excellent properties and multiple benefits, it has wide applications in
industrial sectors, infrastructural, residential, and commercial sectors.
Various factors are
propelling the global ICF market share. As per the current MRFR report, such
factors include its advantages such as greater structural strength and improved
energy efficiency, increasing use in industrial, infrastructural, residential,
and commercial sectors, burgeoning demand for hi-rise residential buildings,
and demand for energy-efficient buildings during the COVID-19 breakthrough.
Additional factors adding to the insulated concrete form (ICF) market growth
include the growing demand for sustainable and green construction to reduce
disaster resiliency and carbon footprint, the cooling and heating advantages in
modern construction, and mounting urbanization in developing countries.
Besides, uninterrupted prosperity and growth of the ICF in the infrastructural
and construction sector, technological superiority over conventional framed
walls & roof system, growing concerns about the electricity costs and fall
in carbon dioxide levels are also adding market growth.
On the contrary,
fluctuating raw material prices may limit the global insulated
concrete form market growth over the forecast period.
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Market Segmentation
The MRFR provides an
inclusive segmental analysis of the global insulated concrete form market based
on applications, material type, and concrete shape.
By concrete shape, the
global insulated concrete form market is segmented into post and lintel system,
a waffle grid system, a screen grid system, and a flat wall system.
By material type, the
global insulated concrete form market is segmented into cement-bonded
polystyrene beads, cement-bonded wood fiber, polyurethane foam, polystyrene
foam, and more.
By application, the
global insulated concrete form market is segmented into industrial sectors,
infrastructural, residential, and commercial.
Regional Analysis
By region, the global
insulated concrete form market report covers the recent trends and growth
opportunities across North America, the Asia Pacific (APAC), Europe, & the
Rest of the World (RoW). Of these, North America will spearhead the market over
the forecast period. Burgeoning demand for insulated concrete form from end
user industries, mostly the US by institutional and commercial sub-segments,
and growing residential construction industry are adding to the global
insulated concrete form market growth in the region.
In the APAC region, the
insulated concrete form market is predicted to have significant growth over the
forecast period. Rising infrastructure expenditure, especially in developing
economies of Malaysia, Indonesia, and India, rising urbanization and
population, and essential improvements in government regulations are adding to
the insulated concrete form market growth in the region.
The global insulated
concrete form market in Europe is predicted to have healthy growth during the
forecast period, and in the Rest of the World is predicted to have sound growth
over the forecast period.
Key Players
Leading players profiled
in the global insulated concrete form market report includes Airlite Plastics
Company, Durisol Building System Inc., Plasti-Fab Expanded Polystyrene Product
Solutions, BuildBlock Building Systems Inc., Amvic Building System, Reward Wall
Systems Inc., Logix Insulated Concrete Forms Ltd., Nudura Corporation,
Quad-Lock Building Systems Ltd., and IntegraSpec ICF.
Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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