Insulated Concrete Form Market Size By Application (Commercial, Industrial, Infrastructure, Residential), By Material (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement Bonded Polystyrene Beads, Cellular Concrete), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024

Published Date: Aug 2016 | 170 Pages | Report ID: GMI725 | Authors: Vitika Verma, Shifa Iqbal Report Format: PDF

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Industry Trends

Insulated Concrete Form Market size was valued at USD 470 million in 2015, while industry anticipates revenue to grow at 8% by 2024.

U.S. Insulated Concrete Form Market size, by application, 2013-2024 (USD Million)

U.S. Insulated Concrete Form Market size, by application, 2013-2024 (USD Million)

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With developing concerns, consumer consciousness about wellbeing, quality of life, vitality energy costs and natural resources quickly being exhausted, an expanding number of homebuilders are turning to "green buildings." This natural way to homebuilding emphasizes energy efficiency, quality construction, great indoor air quality and livable neighborhoods which is likely to favor global insulated concrete form market size growth over the forecast timeframe.

These materials are transforming the commercial, residential, and industrial building industries, with implementation growing at 10% to 12% on a yearly basis in recent times. Rising demand for natural disaster resistant construction, stringent energy efficiency, lightweight materials especially across developed regions, is expected to drive the insulated concrete form market size.  APAC and MEA have been witnessing sizeable growth in infrastructure & construction spending and offer attractive prospects for these products.

ICFs give around 25% to 50% energy investment funds when contrasted with traditional houses built of wood or steel. According to industry analysis, the homes made from these save around 7.5% of energy in correlation with the routine homes. High product cost compared to wood is expected to restrain growth and can add up to 3% to 5% building costs, compared to wood. For a typical 2,500 square foot house (sale price of USD 180,000), the additional cost amounts around USD 6,900, which mainly depends on the cost of concrete available and used.

A survey conducted by NAHB Research Center, in 2004 shows that, for the below grade walls construction, ICF construction costs are 38% higher than the costs for wood foundations. Based on various studies, the added cost is USD 2 to USD 4 per square feet area for a typical home. This is a key challenge for industry participants, however, these buildings are generally cost-saving over a period of time, with low heating & cooling energy requirements compared to other methods. Additionally, increased awareness among builders as well as new buildings codes across the U.S. and EU, over construction parts is expected to boost ICF industry growth in the coming years.

Insulated Concrete Form Market, By Application

Based on application area, residential usage is expected to remain the leading segment and accounted for over 55% of the global insulated concrete form market share in 2015 and may surpass 150 million square foot by 2024. Additionally, global population is expected to increase from 7 billion in 2011 to 8.9 billion by 2024, further escalating residential construction demand.

Industrial applications are expected to grow at the fastest rate during the forecast period followed by infrastructure due to a dynamic regulatory landscape. Overall, around USD 80 trillion is expected to be spent globally between 2016 to 2024, which will also drive demand.

Insulated Concrete Form Market, By Product

Polystyrene foam represents the largest product segment by material and accounted for 69% of insulated concrete form market share in 2015; owing to consumer preferences such as structural safety, comfort, energy efficiency, durability and low maintenance costs. Also, these buildings contain no wood, which is vulnerable to deterioration, is expected to aid demand.

Major part of the ICFs are made of polystyrene, basically EPS or XPS. Extended Polystyrene (EPS) is a magnificent material for bundling and development as it is light, yet unbending froth with better warm protection and high effect resistance. Besides, it can easily be recycled after its essential use.

Polyurethane foam market has witnessed fastest adoption in ICF construction, with current revenue is estimated at over USD 100 million in 2015. China will continue to remain the largest producer as well as regional consumer for polyurethane foams.

Insulated Concrete Form Market, By Region

Asia Pacific, with the world’s largest construction and materials industry, continues to be an attractive regional industry, driven by China and India insulated concrete form market share, set to grow at over 10%. ICF penetration remains an issue, with low consumer awareness, weak regulatory push and cost issues.

Strong consumer awareness and regulatory compliance mandates will drive the U.S. insulated concrete form market growth. Canada is a large, stable construction industry with a robust green building segment driven by industry forces and government policies. Approximately 40,000 ICF homes have been built since the early 90s. Currently about 100 distributors and manufacturers of ICF systems serve the Canadian industry. Regional growth looks a fraction more attractive than that in the U.S.

Europe insulated concrete form market size, with over USD 120 million in revenue for 2015. Latin America and MEA ICF markets are relative new and the industry is presently striving for generating awareness and penetration.

Competitive Market Share

Prominent players with global insulated concrete form market share include Quad-Lock Building Systems Ltd., IntegraSpec, Airlite (Fox Blocks), Nudura Corporation, Superform Products Ltd., Logix Insulated Concrete Forms Ltd., Amvic, BuildBlock Building Systems and Plasti-Fab. Since these products are mainly used in North America, major manufacturers are concentrated in this region.

Insulated Concrete Form Industry Background

Global construction sector would grow by 85% to reach USD 15 trillion by 2030. India, China and the U.S. accounts for 57% of the total share in overall construction spending. Asian business sector represents the biggest offer in worldwide development, the driving force behind this development is the Asian construction sector. The region accounts for the largest share in the global construction industry, as governments anticipate creating base that has seen years of underinvestment, with an end goal to open more reasonable financial development.

China would lead the worldwide construction industry by 2020. Population will increase by a bigger grade in emerging nations, thus, they are set to witness more development exercises as compared to their developed counterparts. Though North America and Western Europe will extend at a moderately moderate pace, other regions such as Latin America, Eastern Europe, MEA will register robust growth, as governments remain committed to infrastructural investment. Key zones of expected development include transport, vitality, social framework, schools, healing facilities, government settlement, water assets and defense infrastructure.


What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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