Commercial segment is expected to register CAGR of over 6% up to 2025. Growing use of the ICF systems in theaters, restaurants, retail, freestanding office space, and other commercial structures will induce a positive effect on product penetration during the projected timeframe. Additionally, insulated concrete form provides superior fire resistance and excellent thermal and acoustic insulation this will further stimulate the demand for the product in commercial building constructions. —
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Growing instances of natural disasters across coastal and polar regions will contribute significantly towards the construction of disaster resistant buildings such as houses built using ICF systems. Factors such as energy efficiency, rising electricity bills and increase in demand for structural strength across buildings will contribute significantly towards the insulated concrete form market expansion up to 2025.
Changing consumer preference towards advanced building solutions with the rising energy consumption are driving the insulated concrete form market. Incorporation of advanced thermal insulation materials and increasing airtightness have a significant effect on reducing energy consumption in both warm & cold climates. Positive application outlook across the commercial, industrial, infrastructure, residential segment owing to growing demand for rigid construction with energy saving materials is supporting the business growth.
Supporting government regulations to promote the sustainable building measures and the construction of passive houses are playing a significant role in supplementing the insulated concrete form market growth. Growing concerns for reducing the carbon dioxide levels in both developing and developed countries will further provide lucrative opportunities for the product penetration.
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Manufacturers are expected to comply with changing government regulations, thus likely to invest significantly in new production development in coming years. Industry participants are also actively capitalizing in R&D to expand the product portfolio, leading to an increase in product adoption rate. Increasing consumer spending in developing economies along with rapid urbanization will provide a positive business outlook for insulated concrete form manufacturers.
North America insulated concrete form market will grow significantly owing to the rising consumer awareness regarding the insulation and structural benefits offered by the ICF system. Favorable government programs to promote the construction of energy-efficient green buildings will boost the consumption of the product across the region. For instance, the U.S. Department of Energy has developed the Building America program, thus propelling the product adoption rate among new structure construction.
Polystyrene foam segment dominated the insulated concrete form market and accounted for over 60% of the overall demand in 2018. Easy availability of the polystyrene foam material along with numerous advantages offered will expedite their use in wall and roof applications. Key benefits including enhanced durability, lightweight structure and excellent resistance to water vapor, insects, and termites will promote the utilization of polystyrene foam material in construction, thereby fueling the product demand.
Table of content:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Insulated concrete form industry 360 degree synopsis, 2013 - 2025
2.1.1. Business trends
2.1.2. Material trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Insulated Concrete Form Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Distribution channel analysis
3.3.4. Profit margin trends
3.3.5. Vendor matrix
3.4. Technology landscape
3.5. Raw material trends
3.6. Consumer buying behavior
3.6.1. Unmet needs
3.6.2. Information search
3.6.3. Evaluation of alternatives
3.6.4. Purchase decision
3.6.5. Post purchase behavior
3.7. Comparative analysis, insulated concrete form versus frame construction
3.8. Building Construction & Airtightness Details
3.9. Regulatory landscape, by region
3.9.1. North America
3.9.3. Asia Pacific
3.9.4. Latin America
3.10. Pricing analysis, 2013 - 2025
3.10.1. Regional pricing
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
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Global (United States, European Union and China) Insulated Concrete Form Market Research Report 2019-2025
In 2019, the market size of Insulated Concrete Form is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Related Report: https://www.marketwatch.com/press-release/surge-arrester-market-statistics-2019-2025-share-forecasts-trends-growth-drivers-2019-11-29
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