Insulated Concrete Form (ICF) Market Size By Material (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Insulated Concrete Form Market size valued at USD 1 billion in 2020 and is likely to exhibit a growth rate of over 6.4% from 2021 to 2027. Increasing energy costs and growing awareness of green buildings are anticipated to boost the industry demand.

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Increasing government initiatives to promote sustainable building measures and the construction of passive houses will further boost the ICF market revenue. Cement-bonded fiber materials used in insulated concrete forms utilize about 85% to 90% recycled materials, depending upon the specific requirements of the manufacturer.
 

Furthermore, the increasing popularity of durable and advanced building insulation among builders & contractors to meet energy-saving goals and energy conservation norms will support industry growth. However, technical benefits including efficient vapor barrier, enhanced strength, and impact resistance properties offered by insulated concrete forms are expected to steer ICF demand.

Rising adoption of polystyrene foams will complement the market statistics

The polystyrene foam material segment held around 60% of the insulated concrete form market share in 2020 and is projected to grow at 6.7% CAGR through 2027. They are used in the production of a wide variety of consumer products and foams used in walls & roofs of buildings owing to their insulating and cushioning properties. Polystyrene foam is lightweight and can contain over 95% air. It has an R-value between 2 to 5 per inch of thickness.
 

Increasing applications of ICF in the residential sector

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The residential application accounted for nearly 50% of the ICF market revenue share in 2020. Growing public-private partnerships in new residential construction will further influence the market revenue. Globally, the residential construction industry witnessed significant growth due to rapid urbanization and governmental schemes. Furthermore, changing demographic trends and the rising number of nuclear families will further support the industry demand.
 

North America to witness significant growth during the forecast period

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North America dominated the ICF market and is predicted to capture more than 43% of the revenue share by 2027. Rising construction industry, especially in the U.S is poised to drive the regional market demand. Favorable government policies promoting the use of energy-efficient materials in the constriction of buildings will result in the increased usage of insulated concrete forms in the region. For instance, the Energy Policy Act of 2005 provides USD 2,000 as a tax incentive to residential builders for each house, contributing to above 50% of the International Energy Conservation Code heating & cooling performance.
 

The ICF technology has been in the North American market for nearly half a century. The concrete construction of detached homes in the U.S. and Canada has reached a market share of around 18% and is consistently growing at a rate of over 3% in the past 25 years.
 

Product expansion is one of the major strategic outlooks

Players in the insulated concrete form market majorly focus on expanding their product range to enhance their business capabilities. Some of the key ICF manufacturers include Airlite (Fox Blocks), Amvic Inc., Apex Block, Quad-Lock Building Systems Ltd., Beco Products Ltd., Polycrete, Buildblock Building System, Durisol, ICF Tech, Integraspec, Liteform Technologies, Logix Insulated Concrete Forms Ltd., Mikey Block, Nudura Corporation, PFB Corporation, Rastra Holding LLC, Sunbloc, Polysteel Warmer Wall, Superform Products Ltd., and Standard ICF Corp., among others.
 

This market research report on insulated concrete form (ICF) includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet & revenue in USD million from 2017 to 2027 for the following segments:

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