The insulated concrete form market was valued at USD 1.05 billion in 2017 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023.
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Browse 77 market data Tables and 30 Figures spread through 117 Pages and in-depth TOC on “Insulated Concrete Form Market”
Insulated Concrete Form (ICF) is a system of formwork for reinforced concrete, which is made with a rigid thermal insulation material that stays in place as a permanent interior and exterior substrate for walls, floors, and roofs. Insulated concrete foam blocks or panels are made of expanded polystyrene or other insulating foam, which are stacked to form a building’s wall. It sandwiches a heavy, high-strength material between 2 layers of light and highly insulated foam such as drywall and provides properties such as air-tightness, strength, sound attenuation, and insulation to the structure. This advanced building technology is widely used in the construction of residential and non-residential buildings. The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% during the forecast period. The increase in demand for insulated concrete form from residential buildings is driving the growth of the insulated concrete form market.
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Key players operating in the insulated concrete form market include NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), AMVIC (Canada), Fox Blocks (US), BASF (Germany), LOGIX Insulated Concrete Forms (UK), ConForm Global (US), KORE (Ireland), Polycrete International (Canada), LiteForm (US), Sunbloc (UK), Rastra (US), SuperForm Products (Denmark), Durisol (Australia), and Beco Products (UK). Fox Blocks adopted the strategy of partnerships to expand its regional presence and increase its market share.
Companies such as NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), and AMVIC (Canada) have adopted organic growth strategies to expand their product & service portfolios and enhance their growth prospects in the insulated concrete form market.
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