Research Nester published a report titled “Insulated Concrete Form (ICF) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalinsulated concrete form (ICF) market in terms of market segmentation by type, material, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global insulated concrete form (ICF) market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2030, owing to the growing demand for energy efficient buildings globally, and increasing need for disaster resistant building construction across the world. Apart from these, escalating urbanization and rising promotion and awareness about ICF among consumers and manufacturers are also expected to drive market growth in the near future.
The market is segmented by type, material and application. Based on material, the polystyrene foam segment is anticipated to grab the largest market share during the forecast period on the back of high use of the product for manufacturing a wide range of foams used to make walls. Additionally, by application, the residential segment is projected to hold the largest share over the forecast period attributing to the surge in implementation of building codes maintaining energy efficiency.
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Geographically, the global insulated concrete form (ICF) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab a significant share in the market during the forecast period attributing to the increasing consumer awareness associated with the benefits of the product in the region. Moreover, the market in Asia Pacific is assessed to grow by a noteworthy rate in the future owing to the rapid economic growth in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Energy Efficient Buildings Worldwide to Drive Market Growth
Since the last few years, having an energy-efficient building is becoming extremely vital as energy is emerging as a major economic issue. This is giving rise to the high demand for energy and unsustainable supplies of energy. As energy efficient buildings offer the opportunities to reduce greenhouse emissions, this is also estimated to drive market growth in the upcoming years.
However, high cost of insulated concrete form is expected to operate as key restraint to the growth of the global insulated concrete form (ICF) market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global insulated concrete form (ICF) market which includes company profiling of Amvic Inc., RPM International Inc., Logix Insulated Concrete Forms Ltd, BuildBock Building Sysetms LLC, Nudura Corporation, PFB Corporation, Rastra Holding LLC, Quad-Lock Building Systems Ltd., Beco Products Ltd., Superform Products Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global insulated concrete form (ICF) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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