Global Market Insights, Inc. has recently added a new report on insulated concrete form market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of insulated concrete form industry.
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North America insulated concrete form market will grow significantly owing to the rising consumer awareness regarding the insulation and structural benefits offered by the ICF system. Favorable government programs to promote the construction of energy-efficient green buildings will boost the consumption of the product across the region. For instance, the U.S. Department of Energy has developed the Building America program, thus propelling the product adoption rate among new structure construction.
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Changing consumer preference towards advanced building solutions with the rising energy consumption are driving the insulated concrete form market. Incorporation of advanced thermal insulation materials and increasing airtightness have a significant effect on reducing energy consumption in both warm & cold climates. Positive application outlook across the commercial, industrial, infrastructure, residential segment owing to growing demand for rigid construction with energy saving materials is supporting the business growth.
Growing instances of natural disasters across coastal and polar regions will contribute significantly towards the construction of disaster resistant buildings such as houses built using ICF systems. Factors such as energy efficiency, rising electricity bills and increase in demand for structural strength across buildings will contribute significantly towards the insulated concrete form market expansion up to 2025.
Browse key industry insights report, “Insulated Concrete Form Market Size By Material (Polystyrene Foam, Polyurethane Foam, Cement Bonded Wood Fiber, Cement Bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025.
https://www.gminsights.com/industry-analysis/insulated-concrete-form-market
Polystyrene foam segment dominated the insulated concrete form market and accounted for over 60% of the overall demand in 2018. Easy availability of the polystyrene foam material along with numerous advantages offered will expedite their use in wall and roof applications. Key benefits including enhanced durability, lightweight structure and excellent resistance to water vapor, insects, and termites will promote the utilization of polystyrene foam material in construction, thereby fueling the product demand.
Commercial segment is expected to register CAGR of over 6% up to 2025. Growing use of the ICF systems in theaters, restaurants, retail, freestanding office space, and other commercial structures will induce a positive effect on product penetration during the projected timeframe. Additionally, insulated concrete form provides superior fire resistance and excellent thermal and acoustic insulation this will further stimulate the demand for the product in commercial building constructions.
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Key players in the insulated concrete form market include Nudura Corporation, BASF, Quad-Lock Building Systems Limited, Fox Blocks, IntegraSpec, and Superform Products Limited. New product launches, mergers, acquisitions, R&D investments and joint ventures are key strategies adopted by the industry participants for expanding the business and gain competitive edge in the market. For instance, in December 2013, Fox Blocks announced the acquisition of Reward Wall System, Inc., to expand its product portfolio and market share in the North America region.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source URL: https://marketersmedia.com/insulated-concrete-form-market-mark-16-billion-dollar-by-2025/88907956
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Release ID: 88907956
