Global Insulated Concrete Foam Market Outlook to 2028

An Insulated Concrete Foam is a hard and energy-efficient formwork for buttress concrete made with the help of rigid thermal insulation that holds in its place as a permanent layer for roof walls and floors internally and externally. According to the report, the global Insulated Concrete Foam market is expected to witness a significant growth rate during the forecasted period. Factors like increasing infrastructural and construction activities are the major factors driving the Insulated Concrete Foam market growth in the forecasted period. Further, an increase in demand for sustainable and green buildings to reduce environmental carbon footprint and disaster resiliency is likely to fuel the global insulated concrete forms market during the forecasted period. Furthermore, the insulated concrete foam is made from polystyrene. Due to their superior thermal isolation values, lightweight & low cost are expected to drive the Insulated Concrete Foam market in the forecasted period. However, high raw material costs coupled with a lack of a skilled workforce have resulted in the increasing cost of insulated concrete forms, which is expected to hinder the growth of the global insulated concrete foam market to a certain extent over the forecasted period.

Insulating concrete foam, or ICFs, is a system of formwork used for reinforced concrete (RCC), made with rigid thermal insulation & is placed as a substrate for roofs, walls & floors.

The global Insulated Concrete Foam market is expected to register a substantial growth rate, owing to increasing construction activities expected to drive the market growth. The evolving construction industries are supreme comfort, energy efficiency, and safety, which are met by Insulated Concrete Foam, thereby driving demand for concrete form, which is expected to augment the growth of the global Insulated Concrete Foam market over the estimated period. Different people or consumers have various needs like disaster restraint building, soundproof walls, etc., all of which can be cured by insulated concrete forms during construction. High strength, lightweight and durability properties associated with insulated concrete forms are further predicted to trigger market growth. In Addition, benefits such as easy installation and molding offered by the products to form the desired building structure contribute to the increasing demand for insulated concrete forms for use in residential and commercial applications. The government has enormous support to grow the insulated concrete forms industries since the concrete foams are recycled material. Many people are frightened of natural disasters such as cyclones, earthquakes, tsunamis, etc., so they want their house to be built so rigidly bonded that none of these can act on it, and this is the cause why every new house building today is constructed with the usage of Insulated Concrete Foam. The product is proven safe for use in severe wind loads such as tornadoes and hurricanes. The increasing number of tropical cyclones in the country will likely compel consumers to opt for insulated concrete forms over the projected period.

North America is considered the highest market in the Insulated Concrete Foam market globally and is likely to influence the market during the forecasted period. An insulated concrete foam is one of the components used to create building structures that are safe, energy-efficient, and supportable. Insulated concrete foam structures are energy-efficient, durable, sound & fire resistant, and eco-friendly. Sustainable materials like Expanded Polystyrene Foam (EPS) and Polyurethane are worn to construct insulated concrete form buildings that improve energy efficiency and the insulation of the construction space, making them excellent raw materials for these buildings. Insulated concrete form types, such as flat wall systems, grid systems, and post & lintel systems, can absorb radiation and easily be recycled, making the construction energy-efficient. Due to increasing natural calamities such as earthquakes and floods, the demand for disaster-resistant building construction is expected to grow. ICF constructions provide benefits to the users in terms of monthly cost savings by cutting down the utility bills and insurance premiums. Furthermore, the insulation used in this construction offers excellent quietness or acoustic properties, which is likely to propel its demand in commercial complexes, nursing homes and hospitals. This is anticipated to have a practical impact on the growth of the insulated concrete foam market. Increasing electricity bills owing to the growing usage of air conditioner systems and heaters in the increased economies has created a need for wall structures with a thermal barrier. Furthermore, the increasing popularity of durable and advanced building insulation among builders & contractors to meet energy-saving goals and energy conservation norms will support industry growth. However, technical benefits are expected to steer ICF demand, including efficient vapor barrier, enhanced strength, and impact resistance properties offered by insulated concrete forms.

Some of the market's key players are RPM International Inc., Airlite Plastics Company & Fox Blocks, Amvic Inc., Logix Build Solutions Ltd, and BuildBlock Building Systems LLC.

In March 2020, polyurethane foam distributor Future Foam, headquartered in Council Bluffs, Iowa, enlarged to three new regional markets with its buy of foam casting and manufacturing facilities polyurethane from FXI Holdings Inc. and Innocor Inc. The final two companies were to dispose of the benefits to settle the Federal Trade Commission's charges that the acquisitions of Innocor by FXI would violate federal antitrust law. Future Foam's latest facilities are located in Elkhart, Indiana, Kent, Washington, and Tupelo, Mississippi.

The Global Insulated Concrete Foam Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Insulated Concrete Foam market by segmenting based on Type (Waffle Grid System, Flat Wall System, Post & Beam System, Others), Material Type (Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, and Cement-bonded Polystyrene Beads), Applications (Residential, Commercial, and Institutional, Others). The report examines the market drivers and restraints and the impact of COVID-19 on the market growth in detail. The study covers and includes emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.