Insulated Concrete Form (ICF) Market 2018 Global Size, Share, Industry Growth, Opportunity Assessment, Emerging Trends and Comprehensive Research Study Till 2022
Insulated concrete form market is expected to grow over the CAGR of around 7% from 2016 to 2022, ICF market is the increased consumer awareness and growth in the construction & industrial activity across the globe | ICF Industry
Pune, India – December 12, 2018 /MarketersMedia/ —
Overview:
Construction activity across the globe is thriving on advents of technology that is also assisting in curbing the cost considerably. Insulated concrete form (ICF) is the perfect material that corroborates the necessity. It further accentuates the construction process by saving time. The global ICF market is anticipated to grow with an astounding 7% CAGR during the forecast period (2014-2022), asserts Market research future (MRFR) in an extensively analyzed report. The report further encapsulates drivers that are going to play significantly in furthering the market and also, will showcase segments to provide penetrating insights about forthcoming years. Its features such as natural insulation and excellent strength assist it in garnering accolades from the construction industry as they abide by requisites of eco-friendly and disaster-resistant homes.
On the flip side, the market could lag behind owing to the fluctuating price of raw materials. At the same time, it is challenging to remodel already built structures which can deter users from incorporating this technology into their constructions. The forecast period may experience such sporadic breaks, but the market would never stop growing as ICF has become an integral part of today’s construction technology.
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Industry Trend:
Genest Concrete’s new product, Comfort Block, is a combination of concrete and expanded polystyrene which requires adhesive instead of conventional mortars for assembling. Its insulation ensures exposition of insulation on both outside faces of the wall.
Leadership in Environmental and Energy Design (LEED) is the U.S. Green Building Council’s green-building rating system which is indirectly promoting the integration of ICF in constructions. The impact of such measures can be felt in the Kentucky region where the school authorities are constructing buildings on premises with ICF to have minimum impact on the environment.
Segmentation:
The global ICF market can be segmented by concrete type, application, and material.
By concrete type, the market can be segmented into a flat wall system, screen grid system, waffle grid system, post & lintel system.
Application-wise the market can be segmented into residential, commercial, industrial, and infrastructural.
Material-based segmentation includes polystyrene foam, polyurethane foam, cement-bonded wood fiber, cement-bonded polystyrene beads, and others.
Regional Analysis:
Region-specific segmentation of the market encompasses namely North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America has the largest ICF market followed by Europe. The former region has governments that are implementing the Weatherization Assistance Program which promotes thermal insulation. In addition, growing consumer awareness, and rising demand for eco-friendly residential and commercial buildings are bolstering the market remarkably. The APAC is expected to have the fastest CAGR. Latin American countries and regions in the Middle East are also expected to show rapid expansion as the construction sector in these regions is enjoying favorable winds.
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Market Competition:
The global ICF market is expanding at a faster rate and is competitive owing to strategies such as collaborations, new launches, mergers and acquisitions implemented by key players. For instance, Dryvit Systems, Inc., one of the leading manufacturers of Exterior Insulation and Finish Systems (EIFS), acquired Nudura Corp. to expand its market prospects.
Key players in the insulated concrete form markets are IntegraSpec ICF, Quad-Lock Building Systems Ltd., Nudura Corporation, Logix Insulated Concrete Forms Ltd., Reward Wall Systems Inc., Amvic Building System, BuildBlock Building Systems Inc., Plasti-Fab Expanded Polystyrene Product Solutions, Durisol Building System Inc., Airlite Plastics Company, and others.
Study Objectives of Insulated concrete form Market
To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Insulated concrete form Market
To provide insights about factors affecting the market growth
To Analyze the Insulated concrete form Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by Concrete Shape, Material Type, Applications and by Region.
To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Insulated concrete form Market
Asia-Pacific is the fastest growing market
On the basis of region, the insulated concrete forms market is segmented as North-America, Europe, Asia-Pacific and Rest of the world. North America dominates the market with its largest market share for insulated concrete form. However, APAC is the fastest growing region for insulated concrete form market. Increasing consumer awareness, increase in the disposable income among individuals, and the growing sectors of construction & infrastructure are some factors fueling the growth of the market in APAC. Latin America and Middle East & Africa insulated concrete forms markets are relative new and the industry is presently striving for generating awareness and penetration. These regions are expected to show the steady growth during the forecast period.
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