Insulated Concrete Form: Worldwide Market Analysis & Forecast 2018-2023 - Increasing Demand for Energy-Efficient Green Buildings is Driving the $1.5Bn Projected Market
DUBLIN, Aug. 20, 2018 /PRNewswire/ --
The "Insulated Concrete Form Market by Type (Flat, Grid (Screen, and Waffle), and Post & Lintel Systems), Material (Expanded polystyrene Foam, Polyurethane Foam), End-Use Industry (Residential, and Non-residential), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023.
The growth of the insulated concrete form market can be attributed to rapid urbanization, increase in demand for energy-efficient green buildings, favorable government regulations, and rise in the number of construction activities worldwide.
The construction industry witnessed a significant change with the introduction of insulated concrete form, as it provides flexibility to designers to modify and enhance the physical strength of the concrete features associated with insulated concrete form, such as fire & sound resistance, high insulation values, and impact resistance, are driving the demand for insulated concrete form.
Factors such weak economic conditions in several countries as the aftermath of the financial recession of 2008-2012 and high cost of raw materials are restricting the growth of the market.
The insulated concrete form market has been segmented on the basis of type, material, end-use industry, and region. The residential segment is projected to be the fastest-growing end-use industry segment of the insulated concrete form market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, and energy-efficient building techniques in emerging countries have created growth opportunities for the insulated concrete form market.
Based on material, the expanded polystyrene foam segment is projected to lead the insulated concrete form market from 2018 to 2023. The polyurethane foam segment of the insulated concrete form market is projected to grow at the second-highest CAGR during the forecast period.
In terms of value, the expanded polystyrene foam material segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to varied consumer preferences such as structural safety, comfort, energy efficiency, durability, and low maintenance costs. Properties of expanded polystyrene foam include lightweight, moisture resistance, durability, acoustic absorption, and low thermal conductivity. This material is increasingly used in insulated concrete form due to its closed cell structure that causes minimal water absorption and low vapor permanence. Expanded polystyrene foam is used as a construction material to provide insulation for walls, foundation, and roofs.
The North American region is the largest consumer of insulated concrete form products. The US, Canada, and Germany are among the major markets for insulated concrete form. The insulated concrete form market in North America is projected to grow at the highest CAGR during the forecast period. Increasing number of residential activities in the US, Canada, and Mexico is projected to drive the growth of the North America insulated concrete form market. Additionally, government investments in the construction sector provide potential growth opportunities for the insulated concrete form market in this region.
The insulated concrete form market is led by players that include NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), AMVIC (Canada), Fox Blocks (US), BASF (Germany), LOGIX Insulated Concrete Forms (UK), ConForm Global (US), KORE (Ireland), Polycrete International (Canada), LiteForm (US), Sunbloc (UK), Rastra (US), SuperForm Products (Denmark), Durisol (Australia), and Beco Products (UK). Fox Blocks adopted the strategy of partnerships to cater to the rising demand for insulated concrete form worldwide.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Periodization Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Rising Population
2.2.2.2 Emerging Economies, GDP (Purchasing Power Parity)
2.2.3 Supply-Side Analysis
2.2.3.1 Regulations
2.2.3.2 Research & Development
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Market Share Estimation
2.6 Research Assumptions & Limitations
2.6.1 Assumptions
2.6.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Emerging Economies to Witness High Demand for Insulated Concrete Form
4.3 Insulated Concrete Form Market, By Material
4.4 Insulated Concrete Form Market, By End-Use Industry, 2018
4.5 Insulated Concrete Form Market, By Country
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Demand for Energy-Efficient Green Buildings
5.1.1.2 Rise in Construction Activities
5.1.1.3 Favorable Government Regulations
5.1.2 Restraints
5.1.2.1 High Costs
5.1.3 Opportunities
5.1.3.1 Rapid Urbanization
5.1.4 Challenges
5.1.4.1 Lack of Awareness Regarding the Latest Technologies in Emerging Economies
5.1.4.2 Economic Downturn in Major Regions
6 Insulated Concrete Form Market, By Type
6.1 Introduction
6.2 Flat Wall Systems
6.3 Grid Systems
6.3.1 Screen Grid Systems
6.3.2 Waffle Grid Systems
6.4 Post and Lintel Systems
7 Insulated Concrete Form Market, By Material
7.1 Introduction
7.2 Expanded Polystyrene Foam
7.3 Polyurethane Foam
7.4 Others
8 Insulated Concrete Form, By End-Use Industry
8.1 Introduction
8.2 Residential
8.3 Non-Residential
9 Insulated Concrete Form Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Russia
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 Australia
9.4.2 China
9.4.3 Japan
9.4.4 India
9.4.5 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 UAE
9.5.4 Turkey
9.5.5 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America
10 Competitive Landscape
11 Company Profiles
11.1 Nudura Corporation
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 SWOT Analysis
11.1.4 MnM View
11.2 Quad-Lock Building Systems
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 SWOT Analysis
11.2.4 MnM View
11.3 Amvic
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 SWOT Analysis
11.3.4 MnM View
11.4 Fox Blocks
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 SWOT Analysis
11.4.5 MnM View
11.5 BASF
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 SWOT Analysis
11.5.4 MnM View
11.6 Logix Insulated Concrete Forms
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 MnM View
11.7 Conform Global
11.7.1 Business Overview
11.7.2 Products Offered
11.8 Kore
11.8.1 Business Overview
11.8.2 Products Offered
11.9 Polycrete International
11.9.1 Business Overview
11.9.2 Products Offered
11.10 Liteform
11.10.1 Business Overview
11.10.2 Products Offered
11.11 Additional Company Profiles
11.11.1 Sunbloc
11.11.2 Rastra
11.11.3 Superform Products
11.11.4 Durisol
11.11.5 Beco Products
For more information about this report visit https://www.researchandmarkets.com/research/bgxxws/insulated?w=5
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