Insulated Concrete Form Market Growth Analysis & forecast Report | 2021-2027
Category: #business  By Ronak Bora  Date: 2021-11-29
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Insulated Concrete Form Market Growth Analysis & forecast Report | 2021-2027

Global Insulated Concrete Form Market is anticipated to depict a CAGR of 6.4% through 2027, having recorded a valuation of USD 1 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 1,572.3 million.

Insulated concrete forms are increasingly used to offer optimum sound mitigation, energy efficiency, and disaster resiliency. The stirring focus on reducing the carbon dioxide levels and the escalating electricity costs will also add to the market proliferation.

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The insulated concrete form market will gain traction due to the higher incursion of energy-efficient products in residential as well as non-residential buildings. The growing need to limit carbon footprints, and disaster resistance while offering enhanced heating & cooling requirements have led to significant developments in sustainable and green construction. The rising acceptance of these construction methods has also driven the requirement for higher levels of acoustic as well as thermal insulation properties. The shifting inclination towards unique structures and designs across the residential & commercial buildings is another ideal trend driving the product demand.

Demand for insulated concrete form in industrial applications is poised to attain 11.3% in the overall market through 2027. This is mainly attributable to the increasing product adoption in the industrial, HVAC, and OEM applications to offer excellent fire resistance, disaster resilience, moisture, and acoustical control, mold resistance, and energy efficiency. Owing to higher thermal value, polyurethane foams are marking a widespread presence in the industrial sector. Moreover, the rising progressions in the manufacturing vertical have led to the incessant need for HVAC systems.

On account of their lightweight, porous, and extremely durable attributes, the insulated concrete form made from cement-bonded wood fibers is largely adopted in commercial applications. The product is devoid of plastic and does not rot or decay. It also comprises nearly 90% of recycled materials such as softwood aggregates and byproducts coming from the lumber sector. Furthermore, there is an increasing preference for sustainable and environment-friendly materials for enhanced energy efficiency in the construction of buildings. On this note, the industry share from the cement-bonded wood fibers segment is anticipated to strike a CAGR of 5.7% in the analysis time.

The Asia Pacific insulated concrete form market is set to witness inclination through 2027 due to the soaring product penetration in commercial areas, including hotels, restaurants, and resorts. China is expected to see prolific insulation demand considering the rapidly expanding construction and industrial markets. The influx of updated insulation requirements by the Chinese government has resulted in reduced energy consumption along with the enforcement of design standards to offer energy efficiency in public, green, and residential buildings.

The insulated concrete form market comprises the presence of large and small players while posing a medium-level barrier for novel participants. These firms are mainly working on strategic alliances, like acquisitions, partnerships, collaborations, and joint ventures as well as proliferating their product portfolio. For instance, in September 2018, RPM International Inc. purchased Nudura Corporation in an undisclosed deal to obtain the latter’s three strategically located manufacturing plants.

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Some Point from Table of Contents:

Chapter 4   Insulated Concrete Form Market, By Material

4.1    Global insulated concrete form market material insights

4.2    Polystyrene foam

4.2.1    Market estimates and forecast, 2017 - 2027

4.2.2    Market estimates and forecast, by region, 2017 - 2027

4.3    Polyurethane foam

4.3.1    Market estimates and forecast, 2017 - 2027

4.3.2    Market estimates and forecast, by region, 2017 - 2027

4.4    Cement-bonded wood fiber

4.4.1    Market estimates and forecast, 2017 - 2027

4.4.2    Market estimates and forecast, by region, 2017 – 2027

4.5    Cement-bonded polystyrene beads

4.5.1    Market estimates and forecast, 2017 - 2027

4.5.2    Market estimates and forecast, by region, 2017 – 2027

4.6    Cellular concrete

4.6.1    Market estimates and forecast, 2017 - 2027

4.6.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Insulated Concrete Form Market, By Application

5.1    Global insulated concrete form market application insights

5.2    Commercial

5.2.1    Market estimates and forecast, 2017 - 2027

5.2.2    Market estimates and forecast, by region, 2017 - 2027

5.3    Industrial

5.3.1    Market estimates and forecast, 2017 - 2027

5.3.2    Market estimates and forecast, by region, 2017 – 2027

5.4    Infrastructure

5.4.1    Market estimates and forecast, 2017 - 2027

5.4.2    Market estimates and forecast, by region, 2017 - 2027

5.5    Residential

5.5.1    Market estimates and forecast, 2017 - 2027

5.5.2    Market estimates and forecast, by region, 2017 - 2027

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/insulated-concrete-form-market

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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