Global Insulated Concrete Form (ICF) Market by Product (Polyurethane Foam, Cement-Bonded Wood Fiber, Polystyrene Foam) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global insulated concrete form market (ICF) was valued at USD 815.5 Million in 2020. It is expected to increase at a compound annual rate (CAGR of 4.7%) between 2020 and 2028. Due to their superior thermal insulation properties, insulated concrete forms are expected to be more popular in temperate regions such as North America and Europe.
Market growth is further expected to be triggered by the lightweight, high-strength, and durability of insulated concrete forms. The increasing demand for insulated concrete forms in both residential and commercial applications is due to their ease of installation and moldability.
The U.S. market is expected to grow due to increased demand for concrete forms in the residential construction segment. It is safe to use in severe wind loads like hurricanes and tornadoes. Over the forecast period, the number of tropical storms in the country will increase and consumers will be more inclined to choose insulated concrete forms.
Due to increasing natural disasters such as floods and earthquakes, the demand for disaster-resistant construction will increase. This will have a positive effect on the market for insulated concrete forms. ICF is also resistant to corrosion, decay, and pest attacks unlike wooden construction.
ICF constructions can offer monthly cost savings for users by reducing utility bills and insurance premiums. This insulation is also known for its quietness and acoustical qualities, which will drive its popularity in hospitals, nursing homes, and commercial complexes.
To reduce construction times, key players in the market for pre-built concrete forms are focused on product development. These products will also be more popular if they are made using improved production technology to increase their durability and strength.
Product Insights
The largest market share for insulation concrete forms made of polystyrene foam material was in 2020. This is due to their superior thermal insulation value, lightweight and low cost. Because of their light weight, high mechanical properties, dimensional stability and thermal insulation, expanded polystyrene styrene foams have a wide range of uses.
From 2020 to 2028, the demand for polystyrene foam based ICFs will grow at 4.9%. The increased use of insulated concrete forms in construction has been due to their excellent chemical and shock resistance properties.
In 2020, the market share for insulated concrete forms made from polyurethane was second. Product demand is expected to rise due to growing demand for versatile and energy-efficient insulation in commercial and residential buildings. The demand for ICF products made from polyurethane will continue to rise due to the rising demand for foundations and rigid walls.
Because of their high thermal performance and R-values of 28 and higher, cement-bonded wood fibers have been widely accepted for construction of commercial and residential structures. The ICF market is expected to grow in the future due to increased demand for high-value insulation material that can be used for modern commercial constructions.
Application Insights
The largest revenue share, 64.6%, was attributed to residential construction in 2020. Due to rising electricity bills and the increasing use of heaters and air conditioners in developed countries, wall structures that have a thermal barrier are needed. Insulated concrete forms will see significant demand during the forecast period.
The non-residential segment of construction is expected to grow at 4.3% CAGR between 2020 and 2028. The growth of the construction sector will likely be driven by the increasing number of restaurants, hotels and hospitals as well as educational buildings. Market growth will be influenced by rising product penetration in construction.
The market is expected to grow due to favorable growth in residential construction around the world and increased investments by public-private partnerships. The growth of residential constructions is supported by the growing urbanization and lifestyle improvements.
ICF houses are simple to build because they are lightweight and easy to use. They are lightweight and easy to build. The ICF market will benefit from the increased efforts of manufacturers to provide guidelines for their customers to setup these systems.
Regional Insights
North America was the dominant market in 2020, with a 36.3% revenue share. This trend will likely continue for the forecast period. Due to increased consumer awareness about the benefits of insulated concrete forms, there has been a high product penetration in the U.S. market and Canada.
The U.S. residential sector is seeing significant growth due to substantial new construction and renovations. The major building material in the U.S. has been wood. Wooden houses can be susceptible to fungal attack and decay due to moisture. The market for insulated concrete forms will see a rise in demand for innovative raw materials to overcome these problems.
Industry growth is expected to be driven by the acceptance of ICF products early and the growing demand for green building solutions. The Green Building Program of the European Commission, which aims to improve the energy efficiency of both residential and non-residential buildings across Europe, is expected to encourage the development of insulated concrete forms.
Asia Pacific will see the fastest growth rate at 5.8% between 2020 and 2028 due to the growing penetration of ICF blocks within the commercial construction segment. Due to the rising popularity of modern and green constructions, Japan and China accounted for the largest share of the product consumption.
Market Share Insights & Key Companies
Due to the limited penetration of global markets and the presence of prominent producers, the global market for insulated concrete forms is subject to moderate competition. The interlocking blocks that allow for rigid foundation and wall construction have been patented by the leading ICF market players. This makes it hard for others to enter the market. The industry's key success factors are quality enhancement, new product development, and ongoing promotional activities.
Manufacturers are now focusing on offering installation guidance and services to end-users. Market players are focusing on enhancing the product's thermal insulation value and strength to increase their competitive edge. To capitalize on rising consumer demand in colder regions, new players will likely invest in the industry. The following are some of the major players in the global market for insulated concrete forms:
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Airlite Plastics Company
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Amvic Inc.
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BASF SE
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Beco Products Ltd.
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Durisol UK
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Nudura Corporation
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Quad-Lock Building System, Ltd.
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BuildBlock Building Systems LLC.
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Logix Insulated Concrete Forms Ltd.
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Standard ICF Corporation
Up Market Research published a new report titled “Insulated Concrete Form (ICF) Market research report which is segmented by Product (Polyurethane Foam, Cement-Bonded Wood Fiber, Polystyrene Foam), By Players/Companies Airlite Plastics Company, Durisol UK, Quad-Lock Building Systems Ltd, BASF SE, Nudura Corporation, Logix Insulated Concrete Forms Ltd, Standard ICF Corporation, Amvic Inc, BuildBlock Building Systems LLC, Beco Products Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Insulated Concrete Form (ICF) Market Research Report |
By Product | Polyurethane Foam, Cement-Bonded Wood Fiber, Polystyrene Foam |
By Companies | Airlite Plastics Company, Durisol UK, Quad-Lock Building Systems Ltd, BASF SE, Nudura Corporation, Logix Insulated Concrete Forms Ltd, Standard ICF Corporation, Amvic Inc, BuildBlock Building Systems LLC, Beco Products Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 202 |
Number of Tables & Figures | 142 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Insulated Concrete Form (ICF) Market Report Segments:
The market is segmented by Product (Polyurethane Foam, Cement-Bonded Wood Fiber, Polystyrene Foam).
Insulated Concrete Form (ICF) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Insulated Concrete Form (ICF) Market
Overview of the regional outlook of the Insulated Concrete Form (ICF) Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Insulated Concrete Form (ICF) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Insulated Concrete Form (ICF) Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Polyurethane Foam
2. Cement-Bonded Wood Fiber
3. Polystyrene Foam
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insulated Concrete Form (ICF) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
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Reasons to Purchase the Insulated Concrete Form (ICF) Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Insulated Concrete Form (ICF) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Insulated Concrete Form (ICF) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Insulated Concrete Form (ICF) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Insulated Concrete Form (ICF) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Insulated Concrete Form (ICF) Market Size & Forecast, 2018-2028
4.5.1 Insulated Concrete Form (ICF) Market Size and Y-o-Y Growth
4.5.2 Insulated Concrete Form (ICF) Market Absolute $ Opportunity
Chapter 5 Global Insulated Concrete Form (ICF) Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Insulated Concrete Form (ICF) Market Size Forecast by Product
5.2.1 Polyurethane Foam
5.2.2 Cement-Bonded Wood Fiber
5.2.3 Polystyrene Foam
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Insulated Concrete Form (ICF) Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Insulated Concrete Form (ICF) Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Insulated Concrete Form (ICF) Analysis and Forecast
8.1 Introduction
8.2 North America Insulated Concrete Form (ICF) Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Insulated Concrete Form (ICF) Market Size Forecast by Product
8.6.1 Polyurethane Foam
8.6.2 Cement-Bonded Wood Fiber
8.6.3 Polystyrene Foam
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Insulated Concrete Form (ICF) Analysis and Forecast
9.1 Introduction
9.2 Europe Insulated Concrete Form (ICF) Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Insulated Concrete Form (ICF) Market Size Forecast by Product
9.6.1 Polyurethane Foam
9.6.2 Cement-Bonded Wood Fiber
9.6.3 Polystyrene Foam
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Insulated Concrete Form (ICF) Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Insulated Concrete Form (ICF) Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Insulated Concrete Form (ICF) Market Size Forecast by Product
10.6.1 Polyurethane Foam
10.6.2 Cement-Bonded Wood Fiber
10.6.3 Polystyrene Foam
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Insulated Concrete Form (ICF) Analysis and Forecast
11.1 Introduction
11.2 Latin America Insulated Concrete Form (ICF) Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Insulated Concrete Form (ICF) Market Size Forecast by Product
11.6.1 Polyurethane Foam
11.6.2 Cement-Bonded Wood Fiber
11.6.3 Polystyrene Foam
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Insulated Concrete Form (ICF) Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Insulated Concrete Form (ICF) Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Insulated Concrete Form (ICF) Market Size Forecast by Product
12.6.1 Polyurethane Foam
12.6.2 Cement-Bonded Wood Fiber
12.6.3 Polystyrene Foam
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Insulated Concrete Form (ICF) Market: Competitive Dashboard
13.2 Global Insulated Concrete Form (ICF) Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Airlite Plastics Company
13.3.2 Durisol UK
13.3.3 Quad-Lock Building Systems Ltd
13.3.4 BASF SE
13.3.5 Nudura Corporation
13.3.6 Logix Insulated Concrete Forms Ltd
13.3.7 Standard ICF Corporation
13.3.8 Amvic Inc
13.3.9 BuildBlock Building Systems LLC
13.3.10 Beco Products Ltd