Insulated concrete form market is anticipated to grow at a significant CAGR of nearly 5.7% during the forecast period. The major factors that are driving the market growth include the increasing demand for energy-efficient buildings, along with the increasing construction of high-rise buildings. For instance, The Indian government has been actively boosting housing construction, as it aims to provide homes to about 1.3 billion people. The country is likely to witness $1.3 trillion of investment in the housing sector over the next seven years, and it is likely to witness the construction of 60 million new homes in the country. The availability of affordable housing in the country is expected to rise by around 70% by 2024.
Another factor includes increasing preparation toward disasters, and reduced construction time drives the market growth. For instance, in August 2021, Graven Hill has partnered with Iconic Development Group to offer ICF-constructed homes in the United Kingdom. Moreover, Iconic Development Group is building six homes at Graven Hill and plans to build 20 houses at the site in the coming years. However, high costs of insulated concrete form are expected to hamper the growth of the insulated concrete form market during the forecast period.
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Insulated Concrete Form Market Segmentation
By Material
- Polystyrene Foam
- Polyurethane Foam
- Cement-bonded Wood Fiber
- Cement-bonded Polystyrene Beads
- Cellular Concrete
By Application
- Commercial
- Industrial
- Infrastructure
- Residential
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- BuildBlock Building Systems, LLC.
- Durisol UK
- ICF Tech
- Integraspec ICF
- Liteform Technologies
- Logix Insulated Concrete Forms Ltd.
- Mikey Block
- Nudura Corp.
- PFB Corp.
- Polysteel Warmer Wall
- Quad-Lock Building Systems, Ltd.
- Rastra Holding LLC
- Standard ICF Corp.
- Superform Products Ltd.
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