Business

Insulated Concrete Form Market SWOT Analysis by Segmentation from 2017-2022

Insulated Concrete Form is a system of temporary or permanent molds, on which concrete is poured between two insulating layers, which supports the shuttering molds. The use of ICF makes the wall systems thermally insulated and it stays in place as a permanent wall assembly.

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Market Dynamics

With developing concerns, consumer awareness about safety, quality of life, costs incurred and sustainability has improved widely paving way for green buildings.

Moreover the increased advantage of its modularity has made ICF much more acceptable among the masses.

However, weak regulatory push, increased cost issues and low consumer awareness still remains a hindrance to its penetration in the developing and the under developed countries.

Market Segmentation

The Insulated Concrete Form Market is widely categorized by its application and products.

Application:

  • Residential: The leading segment accounting for 55% market share
  • Commercial: Increase in global population will further escalate the commercial construction.
  • Industrial: Expected to grow at the fastest rate during the recent years
  • Infrastructure: Following industrial applications, expected to grow owing to dynamic regulatory landscape.

Product:

  • Polystyrene foam
  • Polyurethane foam
  • Cement-bonded wood fiber
  • Cellular concrete
  • Cement-bonded polystyrene beads
  • Thastyron

Regional/Geographic Analysis

The Insulated Concrete Form Market analyzed on the basis of geography includes APAC, Europe, North America and ROW. Although North America dominates the market followed by Europe. But, going by the predictions Asia Pacific, driven by China and India will pose to be an attractive regional industry in the coming year with a much larger ICF penetration.

Key players

Some of the major players in the market include Plasti-Fab, NUDURA, Quad-Lock Building Systems Ltd., ConForm Global, IntegraSpec, Airlite (Fox Blocks), Superform Products Ltd., Logix Insulated Concrete Forms Ltd., Amvic, BuildBlock Building Systems, etc.

Regional Analysis:

  • North America
  • US and Canada
  • Latin America
  • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
  • EU5 (Germany, France, Italy, Spain, U.K.)
  • Nordic Countries (Denmark, Finland, Norway, and Sweden)
  • Benelux (Belgium, The Netherlands, and Luxembourg)
  • Rest of Western Europe
  • Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
  • Asia Pacific
  • Chin
  • India
  • Japan
  • Australia and New Zealand
  • Rest of Asia Pacific
  • Middle East and Africa
  • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
  • South Africa
  • North Africa
  • Rest of Middle East and Africa

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Sumedh Raj

Sumedh is a content marketing coordinator and social media manager for The Innovative Reports and Market Research Analyst. Sumedh holds a Bachelor's Degree in Communications and Public Relations from University of Pune and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with his dogs.

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