Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Insulated Concrete Form (ICF) Market size was over USD 1.08 billion in 2024 and is projected to reach USD 1.94 billion by 2037, growing at around 4.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of insulated concrete form is assessed at USD 1.12 billion.
The growth of the market can be attributed to the growing demand for energy-efficient green buildings, rapid urbanization, and rising need for disaster-resistant building construction across the world. According to the World Bank, about 55 percent of the world’s total population live in urban areas. 80 percent of the global GDP share is generated in the cities. Along with these, growing promotion and awareness about ICF among consumers and manufacturers, and escalating number of government initiatives to promote sustainable building measures are also expected to drive market growth in the upcoming years. Furthermore, surge in the popularity of durable building insulation and prefabricated construction among builders to meet energy-conservation norms, is projected to offer abundant growth opportunities to the market in the near future.
Insulated Concrete Form Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Energy-Efficient Green Buildings
- Rising Need for Disaster-Resistant Building Construction Worldwide
Challenges
- High Cost of Insulated Concrete Form
Insulated Concrete Form (ICF) Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.6% |
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Base Year Market Size (2024) |
USD 1.08 billion |
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Forecast Year Market Size (2037) |
USD 1.94 billion |
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Regional Scope |
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Insulated Concrete Form Segmentation
The market is segmented by material into polystyrene foam, polyurethane foam, and cement-bonded wood fiber, out of which, the polystyrene foam segment is anticipated to hold the largest share in the global insulated concrete form (ICF) market. This can be accounted to the high usage of the product to manufacture a wide range of consumer foams used in making ICF interior walls. Apart from these, high shock and chemical resistance of polystyrene foam is also predicted to drive growth to the market segment in the future. Additionally, on the basis of application, the residential segment is assessed to acquire the largest share over the forecast period owing to the increasing implementation of building codes requiring energy-efficiency, and growing construction of smart cities in developing nations.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Material |
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By Application
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Customize this ReportInsulated Concrete Form (ICF) Industry - Regional Synopsis
On the basis of geographical analysis, the global insulated concrete form (ICF) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is estimated to account for largest revenue share by 2037, due to rising penetration of ICF blocks for commercial construction, and increasing economic growth in the region. In addition, growing investments on largescale infrastructure projects is also predicted to boost the region’s market growth in the coming years. Moreover, the market in North America is anticipated to occupy the largest share during the forecast period ascribing to the escalating consumer awareness regarding the benefits of insulated concrete form, and rapid growth of residential sector in the region. As of 2021, there are about 141 million housing units in the United States, out of which approximately 80 million housing units are owner-occupied.
Companies Dominating the Insulated Concrete Form Landscape
- Amvic Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- RPM International Inc.
- Logix Insulated Concrete Forms Ltd
- BuildBock Building Sysetms LLC
- Nudura Corporation
- PFB Corporation
- Rastra Holding LLC
- Quad-Lock Building Systems Ltd.
- Beco Products Ltd.
- Superform Products Ltd.
In the News
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September 2018- RPM International acquired Nudura Corporation, which is a leading distributor and manufacturer of insulated concrete form. Nudura offers four series of ICF wall systems, consisting of foam boards and integral hinged plastic webs.
Author Credits: Rajrani Baghel
- Report ID: 3515
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
