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Insulated Concrete Form Market to register commendable proceeds during 2019–2025

Author : Rahul Varpe | Published Date : 2019-09-27 

Global Market Insights has recently added Insulated Concrete Form Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry.  

With the demand for sustainable construction escalating by the day, insulated concrete form market has come to garner immense popularity. Indeed, the industry trends are specifically influenced by the requirement of affordable in regions experiencing rapid urbanization or harsh weather conditions. A unique formwork system, insulated concrete forms involve the fixation of lightweight foam blocks made of expanded polystyrene (EPS) to attain desired wall shapes, which are then filled with concrete. This system provides improved energy savings, greater safety and by far a more healthy and comfortable living experience for its occupants. These benefits that have led to an upsurge in the product acceptance in the commercial, residential, infrastructural, and industrial sectors worldwide, gradually augmenting the global ICF industry size.

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The goal of reducing energy consumption for heating and cooling is one of the major factors driving the ICF market. The product is estimated to save about 20% or more on energy bills, mainly as concrete in ICFs acts as a thermal mass which transfers heat significantly slower, eventually reducing heat penetration during summer and loss during winter. Additionally, increasing occurrence of natural disasters like hurricanes, tsunamis, floods, earthquakes, volcanic eruptions and more will increase construction of ICF based disaster-resistant houses.

For instance, a category 4 hurricane had struck Florida in 2018, destroying 54% of homes, however, one home built using insulated concrete form was reported to stand undamaged following the event. Thus, aided by high-performance and excellent capability, the ICF market will gain immense traction in hurricane prone regions.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. BASF
  2. Amvic Inc.
  3. Apex Block
  4. BASF SE
  5. Bayer AG
  6. Beco Products Ltd.
  7. Buildblock Building Systems
  8. Conform Global
  9. Durisol
  10. Future Foam Inc.
  11. FXI-Foamex Innovations
  12. ICF Tech
  13. Integraspec
  14. ISM Sismo
  15. Liteform Technologies
  16. Logix Insulated Concrete Forms  Ltd.
  17. Mickey Block
  18. PFB Corpotaion
  19. Plasti-Fab
  20. Polycrete
  21. Polysteel Warmer Wall
  22. Quad-Lock Building Systems Ltd.
  23. Rastra Holding L.L.C
  24. Standard ICF Corp.
  25. Sunbloc
  26. Superform Products Ltd.
  27. Tosoh Corporation
  28. Airlite (Fox Blocks)

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How will the demand for PU foam by construction companies enhance the commercialization landscape of insulated concrete form market?

Nowadays, home builders are increasingly turning towards a variety of cost-efficient construction methods to improve the thermal performance of the overall project. One such method includes the use of polyurethanes form which can significantly help conserve natural resources and further preserve the environment by reducing energy usage. Due to its excellent insulation properties, strength-to-weight ratio, versatility and durability, polyurethane is frequently used in building and construction applications.

Rigid polyurethane, a type of polyurethane, is mostly used to maintain uniform temperature and lower noise levels in commercial spaces and homes. The form works as an insulation material that is used in wall and roof insulation, insulated doors, windows and air barrier sealants and can significantly cut energy costs while making homes and offices more efficient and comfortable. Irrefutably, polyurethane building materials add design flexibility to new homes and remodeling projects, whereas foam-core panels offer a wide variety of colors and profiles for walls and roofs. As the frequency of construction projects rises and the demand for durable yet aesthetic material depicts an upsurge, PU foam based ICF industry share is expected to increase in the years ahead.

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 Elaborating on the Asia Pacific, it is vital to mention here that the region is likely to emerge as one of the most profitable grounds of the ICF industry. This projection can be credited to the increasing infrastructure investments in the developing countries such as Malaysia, Indonesia and India on account of the enhanced economic prospects across these nations and their growing population. Furthermore, significant government regulations to promote energy efficiency in the building sector, reduction in construction time and improvement in infrastructure safety will also stimulate the global ICF market size.

A system of reinforced concrete made up from rigid thermal insulation, insulated concrete form (ICF) remains as a permanent interior and exterior substrate in roofs, floors and walls. The technique has become extensively popular in the construction sector in both high performance residential and low-rise commercial infrastructures and is gaining significant traction given that it adheres to strict natural disaster resistant & energy efficiency building codes.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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