Insulated Concrete Form Global Market Report 2025

The insulated concrete form market size has grown steadily in recent years. It will grow from $1.08 billion in 2024 to $1.12 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to energy efficiency awareness, stringent building codes, natural disaster resilience, increased construction speed, increased construction of high-rise buildings.

The insulated concrete form market size is expected to see strong growth in the next few years. It will grow to $1.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing demand from the construction industry, increasing demand for energy-efficient buildings, government initiatives and incentives, population growth in urban areas, climate change considerations. Major trends in the forecast period include advancements in ICF technology, hybrid construction systems, digitalization in construction, net zero energy buildings, architectural design flexibility.

The forecast of 6.1% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through pricier polystyrene imports from South Korea and Germany, raising construction costs for energy-efficient buildings and infrastructure projects. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growth of the insulated concrete form (ICF) market is being propelled by the increasing demand for energy-efficient buildings. Particularly in regions like Europe and North America, the construction industry is witnessing a surge in the development of green and energy-efficient buildings. ICFs, manufactured using high-density expanded polystyrene panels, are lightweight, hollow forms with 100% recycled polypropylene webs, minimizing waste and promoting recyclability. These forms enhance energy efficiency in construction by providing thermal resistance, sound insulation, flexibility, and reduced carbon emissions. According to the International Energy Agency, the demand for energy-efficient buildings increased by nearly 1% in 2022 compared to 2021, underscoring the growing significance of energy-efficient construction and driving the insulated concrete form (ICF) market.

The increasing construction activities are expected to drive the growth of the insulated concrete form (ICF) market in the future. Construction activities encompass various tasks, processes, and operations involved in the planning, design, development, and assembly of buildings, infrastructure, and other structures. The use of insulated concrete forms in construction provides benefits such as reduced energy consumption for heating and cooling, thermal resistance, sound insulation, durability, flexibility, and lower carbon emissions. For example, in July 2024, the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan, a government agency, reported that the volume of construction work (services) in 2023 amounted to 7.61 trillion tenge, marking a 15.1% increase compared to 2022. Thus, the rise in construction activities is fueling the growth of the insulated concrete form (ICF) market.

Leading companies in the insulated concrete form market are prioritizing technological advancements, such as slab depressurization panels, to enhance energy efficiency, indoor air quality, and moisture control by enabling the release of soil gases like radon. A slab depressurization panel works by releasing gases, such as radon, from beneath concrete slabs, thus improving indoor air quality by preventing the entry of harmful gases into buildings. For example, in July 2022, Amvic Inc., a Canada-based building materials company, introduced Amrad, an insulated panel designed for radon gas mitigation. This panel features channels that collect and vent soil gases through PVC piping with the help of a fan, eliminating the need for gravel and a gas barrier. It provides durability, complies with radon codes, and enhances indoor air quality in concrete slab construction.

Insulated concrete form (ICF) refers to a system for forming concrete walls that remains in place permanently as an integral part of the structure and is not removed after the concrete has set. These forms are constructed using high-density styrofoam or other lightweight materials and are often separate panels connected with plastic or metal ties, or they can be pre-formed interlocking blocks.

The primary types of insulated concrete forms include polystyrene foam, polyurethane foam, cement-bonded wood fiber, cement-bonded polystyrene beads, and cellular concrete. Polystyrene foams serve as effective thermal insulators, making them suitable for building insulation. Polyurethane foam is produced by reacting polyols and diisocyanates. Cement-bonded wood fiber is a composite material typically created from waste wood, chipped into a specially classified aggregate, mineralized, and combined with Portland cement. Cement-bonded polystyrene beads are utilized to reduce the density of cement-bonded composites (CBC) and overcome its main limitation in various applications. Cellular concrete is a blend of cement, preformed foam, and water. These types of insulated concrete forms are primarily employed in the construction industry as insulation materials.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the metals and minerals sector, disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. With reduced competition from imports, domestic mills have increased prices, yet capacity limitations hinder their ability to fully meet demand. At the same time, mining companies are facing challenges from retaliatory tariffs on key mineral exports, especially lithium and rare earth elements. In response, industry participants are ramping up investments in scrap metal recycling, seeking tariff exemptions, and forming joint ventures with international producers to ensure a more reliable supply chain.

The insulated concrete form market research report is one of a series of new reports that provides insulated concrete form market statistics, including insulated concrete form industry global market size, regional shares, competitors with an insulated concrete form market share, detailed insulated concrete form market segments, market trends and opportunities, and any further data you may need to thrive in the insulated concrete form industry. This insulated concrete form market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Leading companies in the insulated concrete form market are focusing on innovative products, such as bio-attributed PU (Polyurethane) foams, to boost their revenue. Bio-attributed PU foams are polyurethane foams made from renewable or bio-based raw materials, unlike traditional PU foams, which are primarily sourced from petroleum-based materials. For example, in September 2023, Covestro AG, a Germany-based materials science company, partnered with Selena Group to introduce bio-attributed PU foams. These new foams maintain the same performance as their fossil fuel-based counterparts, allowing clients to integrate them seamlessly into existing operations without compromising quality. In addition to bio-attributed PU foam, Selena's product range includes foams made from recovered PET materials and bio-based polyols. This new line of PU foams is more environmentally friendly and enhances thermal insulation in buildings.

In November 2022, Foam Holdings, a US-based manufacturing and distribution company, acquired Amvic, Inc. for an undisclosed sum. Foam Holdings aims to broaden its product portfolio and strengthen its position in the insulation sector by leveraging innovation and quality to drive growth. This strategic acquisition enhances the company's ability to serve a wide range of construction markets throughout North America. Amvic, Inc., a building material company based in the US, specializes in insulated concrete forms (ICFs) that offer energy-efficient and durable construction solutions. Their ICFs combine insulation with structural support, streamlining the building process.

Major companies operating in the insulated concrete form market include Nudura Corporation, Quad-Lock Building Systems Ltd., Amvic Insulated Concrete Forms, Beco Products Ltd., Logix Brands Ltd., Polycrete International Inc., Liteform International Inc., Sunbloc Ltd., Rastra Apex Corp. Ltd., SuperForm Products Ltd., Durisol UK Ltd., Airlite Plastics Company, ConForm Global Pvt. Ltd., KORE Group Holdings Inc., Standard ICF Corp., BuildBlock Building Systems LLC., Green Life Buildings Ltd., IQbloc Malta Ltd., ISO SPAN Baustoffwerk GmbH, JACKON Insulation GmbH, Poliespanso S. r. l., PolySteel UK Ltd., SHC Ltd., Sismo Inc., Styro Stone Pvt. Ltd., Thermo House System Sp. z o. o., Twinwall-ICF Limited, Variant Haus SL.

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. The regions covered in the insulated concrete form market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the insulated concrete form market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The insulated concrete form market consists of sales of plastic foam beads, polypropylene, polybutylene terephthalate, and nylon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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