Insulated Concrete Form Market Share

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 set to dominate majority revenue share by 2036, 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.