Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Insulated Concrete Form: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Insulated Concrete Form Market to Reach $1.7 Billion by 2030
The global market for Insulated Concrete Form estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.
The Insulated Concrete Form (ICF) market is poised for significant growth, with Expanded Polystyrene Foams anticipated to lead the way. According to recent analysis, this segment is projected to achieve a 3.9% Compound Annual Growth Rate (CAGR) and reach a valuation of US$825.9 Million.
The post-pandemic recovery has prompted a reevaluation of the Polyurethane Foams segment, adjusting the projected growth to a revised 3.3% CAGR over the next eight years.
The ICF market report provides a comprehensive understanding of the landscape, including categories like Residential and Non-Residential sectors. The same level of analysis is applied to both Expanded Polystyrene Foams and Polyurethane Foams within the same geographic regions.
In the United States, the ICF market is estimated at US$348.9 Million in 2022. China, as the world's second-largest economy, is forecasted to reach a market size of US$343.9 Million by 2030, with a CAGR of 6% during the analysis period from 2022 to 2030.
The report includes sales data in US$ Thousand spanning from 2014 to 2030, segmented by regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa. It encompasses recent, current, and future projections (2022 through 2030) with corresponding percentage Compound Annual Growth Rates (% CAGR). The analysis also offers a historical review from 2014 to 2021 and a 16-year perspective (2014, 2023, and 2030) with a focus on value sales distribution.
Japan and Canada are other noteworthy geographic markets, with growth forecasts of 0.8% and 4.1%, respectively, over the 2022-2030 period. In Europe, Germany is expected to grow at approximately 1.6% CAGR. The Asia-Pacific market, led by countries like Australia, India, and South Korea, is predicted to reach US$221.3 Million by 2030.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 282 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Insulated Concrete Form Market to Grow Steadily
- The Residential Sector to Register Highest Growth
- North American Region to Dominate the Market
- Polystyrene Foam Segment to Account for Largest Share
- Insulated Concrete Form - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Energy-efficient Green Buildings
- Top Drivers of Green Building Activity
- Momentum in Construction Activity to Bode Well for Market Growth
- Annual Rate of Construction Spending in Billion USD by Sector: 2015-2020
- Opportunities
- Rapid Urbanization
- Worldwide Rural and Urban Population in Billions: 1500-2050
- Innovations in Insulated Concrete to Spur Market Demand
- Higher Initial Investments May Restrain Market Growth
- Lack of Awareness and Economic Downturn in Specific Regions Challenge Market Growth
FOCUS ON SELECT PLAYERS
- Amvic, Inc.
- BASF SE
- Beco Products Ltd.
- Conform Global (SmartBlock)
- Durisol UK
- Fox Blocks
- KORE Insulation
- Liteform
- Logix Insulated Concrete Forms Ltd.
- Nudura Corporation
- Polycrete International
- Quad-Lock Building Systems.
- Rastra
- Sunbloc
For more information about this report visit https://www.researchandmarkets.com/r/3nle3v
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