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LONDON, GREATER LONDON, UNITED KINGDOM, February 4, 2025 /EINPresswire.com/ -- Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
The insulated concrete form market has experienced significant growth in recent years. It is projected to expand from $1.08 billion in 2024 to $1.14 billion in 2025, at a compound annual growth rate (CAGR) of 5.1%. The growth during the historical period can be attributed to greater awareness of energy efficiency, stricter building codes, the demand for natural disaster resilience, faster construction timelines, and a rise in the construction of high-rise buildings.
How Big Is the Global Insulated Concrete Form Market Expected to Grow, and What Is Its Annual Growth Rate?
The insulated concrete form market is expected to experience strong growth in the coming years. It is projected to reach $1.47 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. This growth during the forecast period can be attributed to rising demand from the construction sector, the growing need for energy-efficient buildings, government programs and incentives, urban population growth, and climate change considerations. Key trends in the forecast period include advancements in ICF technology, the rise of hybrid construction systems, increased digitalization in construction, the push for net zero energy buildings, and greater flexibility in architectural design.
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What Is Driving the Growth of the Insulated Concrete Form Market?
The rising demand for energy-efficient buildings is fueling growth in the insulated concrete form (ICF) market. Construction industries, especially in areas like Europe and North America, are focusing more on building green and energy-efficient structures. ICFs are lightweight, hollow forms typically made from high-density expanded polystyrene panels, which are connected and uniquely designed with 100% recycled polypropylene webs. These forms reduce waste production, which is fully recyclable, and contribute to enhancing the energy efficiency of construction buildings.
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Which Leading Companies Are Driving The Growth Of The Insulated Concrete Form Market Share?
Major companies operating in the insulated concrete form market include Nudura Corporation, Quad-Lock Building Systems Ltd., Amvic Insulated Concrete Forms, Beco Products Ltd.
What Are The Key Trends Driving The Growth Of The Insulated Concrete Form Market Size?
Leading companies in the insulated concrete form market are concentrating on technological innovations, such as the slab depressurization panel, to boost energy efficiency, indoor air quality, and moisture control by allowing the release of soil gases like radon. This panel helps eliminate gases such as radon from beneath concrete slabs, improving indoor air quality by preventing these harmful gases from entering buildings.
How Is the Global Insulated Concrete Form Market Segmented?
The insulated concrete form market covered in this report is segmented –
1) By Material: Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete
2) By Type: Waffle Grid System, Flat Wall System, Post & Beam System, Other Types
3) By Application: Commercial, Industrial, Infrastructural, Residential
Subsegments:
1) By Polystyrene Foam: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS)
2) By Polyurethane Foam: Rigid polyurethane Foam, Flexible polyurethane foam
3) By Cement-Bonded Wood Fiber: Wood Fiber Composites, Cement Mixtures With Wood Fiber
4) By Cement-Bonded Polystyrene Beads: Lightweight Concrete Blocks, Insulated Concrete Forms With Polystyrene Beads
5) By Cellular Concrete: Precast Cellular Concrete Blocks, Cast-In-Place Cellular Concrete
The Leading Region in the Insulated Concrete Form Market is:
North America was the largest region in the insulated concrete form market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Is the Insulated Concrete Form Market?
Insulated concrete form is a concrete wall-forming system that remains in place permanently as part of the structure, not being removed once the concrete has set. It is made from high-density styrofoam or other lightweight materials, with the insulated concrete forms consisting of individual panels connected by plastic or metal ties, or they can be pre-formed interlocking blocks.
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