Insulated Concrete Form (ICF) Market Information Report by Concrete Shape (Flat wall system, Screen grid system, Waffle grid system, and Post & Lintel system), by Material, by Application (Residential, Commercial, Industrial and Infrastructure) and by Region - Global Forecast to 2022
Pune, India - April 9, 2018 /MarketersMedia/ —
Insulated Concrete Form Market – Overview
Rising growth of the construction sector has given way to an increase in the demand for building materials. As ICF blocks are relatively easy to use, they are preferred for projects which have time restraint. Market reports linked to the construction sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this market. The industry for Insulated Concrete Form is estimated to expand at a CAGR of 7 percent by the end of the forecast period.
The level of construction activities witnessed around the world has motivated the development of the ICF industry. As ICF is important in sustaining thermal insulation and cutting down the costs related to heating buildings and other structures, the industry has gained a positive reputation as a result of it. Upsurge in the construction of sustainable buildings that have added significantly to the strengthening of the market growth potential. The mounting demand for natural disaster resistant buildings among end users is also driving the growth of this industry. Although a high rate of growth potential of the market, the unstable prices of raw materials are likely to continue to pose challenges for the industry participants.
Industry Segments
The market segments for Insulated Concrete Form Industry on the basis of concrete shape include waffle grid system, screen grid system, flat wall system, and post & lintel system. Furthermore, on the basis of material the industry segments include polyurethane foam, polystyrene foam, cement-bonded polystyrene beads, cement-bonded wood fiber and others. Finally on the basis of application the segments comprise of industrial, commercial, residential and infrastructure.
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Detailed Regional Analysis
While studying the regional analysis of the industry, the North American market is the biggest regional market for Insulated Concrete Form, followed by the European region. Factors such as mounting calls for thermal insulation in commercial and residential buildings, consumer consciousness, and government initiatives such as the weatherization assistance program, are motivating the market in North American regional market. The Asia-Pacific region is estimated to grow at a rapid pace between 2017 and 2022.
Global Competitive Analysis
The products that are being focused on to capitalize the vigorous pace of technological discoveries have led to extensive changes. This particular trend has amplified the affinity for diversification in the sector, which has indirectly enabled the players to use the beneficial state of dealings obtainable in this market. The utilization of these opportunities by contenders, who are trying to nurture their industry share by intensive development can inspire the growth of this business sector. The companies are also additionally trying to capture and create economic worth together in a proper manner. This has raised the potential for the approaching growth period considerably. This state has also been known to be productive for companies so they can fix goals that can keep up their enterprise's liquidity viable enough to take effective choices in terms of strategy designing and implementation.
Durisol Building System Inc., Airlite Plastics Company, Logix Insulated Concrete Forms Ltd., Amvic Building System, Plasti-Fab Expanded Polystyrene Product Solutions and BuildBlock Building Systems Inc. are the chief competitors in the Insulated Concrete Form Industry to name a few.
Industry Updates:
Feb 2018 MACNAK which specializes in Insulated-Concrete-Form (ICF) buildings that are a rapidly growing construction method around the world. They allows builders to stack hollow Styrofoam blocks like Legos to form the outside walls of a building. The company has of late opened a Lakewood office in which they have integrated the latest ICF technology which is a helix-shaped steel rods that are tougher than conventional rebar.
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Source: MarketersMedia
Release ID: 327275
