Overview-
The necessity to limit or restrict heat loss from building structures has prompted the developed of the Insulated Concrete Form (ICF) Market significantly. Market reports connected with the construction industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently publishedalong with a report on this industry. The market is anticipated to develop at a CAGR of 7 percent in the forecast period 2022 - 2030.
Rise in sustainable buildings has contributed significantly to the fortification of the market. The escalating need for natural disaster resistant structures among consumers is also powering the development of this market. Increase in the construction of sustainable buildings have added meaningfully to the strengthening of the market progress potential. The high thermal mass provided by insulated concrete form is adding to the factors promoting the demand of the market. The escalation in the number of commercial and residential buildings is spurring the market growth in the upcoming forecast period.
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Segmental Analysis
The segmentation of the insulated concrete form market is carried out on the basis of region, concrete shape and application. The segmentation of the market on the basis of concrete shape comprises of waffle grid system, screen grid system, flat wall system, and post & lintel system. On the basis of material, the insulated concrete form is segmented into polyurethane foam, cement-bonded wood fiber, polystyrene foam, cement-bonded polystyrene beads and others. On the basis of application, the market is segmented into commercial, residential, industrial and infrastructure. On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.
Detailed Regional Analysis
The regional analysis of the insulated concrete form market comprises of regions such as the market is segmented into North America, Europe, Asia Pacific and rest of the world. The North American region is the leading market for insulated concrete form, trailed by the European region. Consumer responsiveness, rising demand for thermal insulation in residential and commercial buildings and government proposals such as Weatherization Assistance Program, which promote the thermal insulation, are the main factors motivating the market in the North American region. The Asia Pacific region is anticipated to develop at the fastest pace for the duration of the forecast period.
Competitive Analysis
The improvement in the products and services is the chief factor escalating the market's productivity and controlling the trends that are acquiring prominence in the market. The changes witnessed in terms of strategy creation and execution is altering the growth pace of the market. The gaps in the market are filled due to the execution of proper supply chain strategies. The decisive success factors and players’ predilections are gradually increasing by the strategies being used by market challengers. Moreover, the development of new products and services will add further impetus to the market growth. The context for growth plans is fortified the market for potential new entrants. The important companies in the insulated concrete form markets are Quad-Lock Building Systems Ltd., IntegraSpec ICF, Nudura Corporation, Amvic Building System, Reward Wall Systems Inc., Logix Insulated Concrete Forms Ltd., Plasti-Fab Expanded Polystyrene Product Solutions, Build Block Building Systems Inc., Durisol Building System Inc., and Airlite Plastics Company.
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Industry Updates:
Sep 2018 RPM International Inc. announced that it has acquired Nudura Corporation, the foremost manufacturer and distributor of insulated concrete forms (ICF) in North America. Nudura will operate within the RPM Specialty Products Group as a stand-alone operating unit of RPM’s Dryvit business. The company has three strategically located manufacturing plants and an extensive network of 260 locally based professional distributors in key North American markets.
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