Insulated concrete form (ICF) is defined as a hollow blockor panel, which is made up of insulating foam or polystyrene that can be stacked to complete the form of a building’s walls. It is a system of form work used for reinforced concrete (RCC), which is made with rigid thermal insulation, and is placed as a substrate for roofs, walls, and floors. They are interlocking modular units, which are filled with concrete and are dry-stacked without using mortar. These modular units lock together like Lego bricks, which createa formwork for the floors or structural walls of a building. Insulated concrete forms are used to cast concrete walls, which are sandwiched between two layers of insulation material. ICF finds its extensive application in low-rise buildings. Owners of buildings prefer ICF,as it provides benefits such as high energy-efficiency, cost savings, strong walls, sound blocking ability, and disaster resistance. Moreover, it offers safety against insects, rot, mold, and mildew. Contractors and builders prefer ICF, as it provides advantages such as fast & easy construction, and ease of installation & shipping due to lightweight. ICF further imparts the properties such assound attenuation, strength, airtightness, and insulation to the wall.
Insulated concrete forms are technologically superior toframed walls and wooden roof, which has boosted its demand in construction and infrastructure sector. Increase in demand for energy-efficient, sustainable, and green construction to reduce carbon footprint in the environment has fueled the growth of the global insulated concrete form. Buildings equipped with ICF exhibit uniform temperature, owing to its thermal insulation, which provides heating & cooling benefits, thereby propelling the demand for insulated concrete forms in countries such as Saudi Arabia, Iran, and Iraq. Furthermore, rise in incidence of natural calamities such as tsunamis, hurricanes, tornadoes , earthquakes , and floods has increased the demand for disaster resilient construction, which,in turn, augments the demand for insulated concrete form in North America and Australia. Implementation of stringent norms and regulations for energy-efficient and disaster-resistant buildings in the developing and the developed economies such as India, the UK, the U.S., China, and Russia has increased the demand for integrated concrete forms. In addition, rapid urbanization and rise in industrialization in the developing and the developed economies such as India, Russia, China, the U.S., and the UK is expected to positively impact the growth of the market.
However, fluctuation in prices of raw materials and unstable economic conditions across the globe are anticipated to hinder the growth of the insulated concrete form market during the forecast period.
Conversely, new product launches, acquisitions, and signing of agreements are the key strategies adopted by players in the insulated concrete form market to sustain the competition and meet the growing needs of customers. For instance, in January 2020, Pharmagreen Biotech Inc., operating in Canada, signed a memorandum of understanding with Here To Serve Holding Corp. (HTSC), operating in the U.S., to provideconsultancy and supplying insulated concrete form building material to build Cannabis Biotech Complex in Canada. In addition, in October 2019, Logix Insulated Concrete Forms Ltd., operating in the UK, launched a new product Logix XP-1, which is the complete solution for ICF walls. This product launch is expected tohelp the company to strengthen its product offerings. Furthermore, in September 2018, RPM International Inc.,operating in the U.S., acquired Nudura Corporation, operating in Canada, which is involved in manufacturing and distribution of insulated concrete forms. This acquisition is anticipated to help the company to gain high market share in Canada.
The global concrete form market is segmented into product type, material, end user, and region. By product type, the market is differentiated into waffle grid system, flat wall system, and post & beam system. On the basis of material, it is classified intocellular concrete, cement-bonded wood fiber, polyurethane foam, polystyrene foam, and cement-bonded polystyrene beads. Depending on enduser, it is categorized intoresidential, industrial, andcommercial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players in the global insulated concrete form market are Amvic Inc., Nudura Corporation, Airlite Plastics Company, Quad-Lock Building Systems, BuildBlock Building Systems LLC., Durisol, SuperForm Products, Beco Products, Fox Blocks, and Logix Insulated Concrete Forms Ltd.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the current & future trends of the global insulated concrete form market to elucidate imminent investment pockets.
Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.
Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
The quantitative analysis of the global insulated concrete form market from 2020 to 2027 has been provided to determine the market potential.
Key Market Segments
By Product Type
- Waffle Grid System
- Flat Wall System
- Post & Beam System
- Cellular Concrete
- Cement-bonded Wood Fiber
- Polyurethane Foam
- Polystyrene Foam
- Cement-bonded Polystyrene Beads
By End User
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- The Middle East
Key Market Players
- Amvic Inc.
- Nudura Corporation
- Airlite Plastics Company
- Quad-Lock Building Systems
- Build Block Building Systems LLC.
- SuperForm Products
- Beco Products
- Fox Blocks
- Logix Insulated Concrete Forms Ltd.