Global ICF Market worth USD 1,842 million by 2024

(EstateNewsWire.com, January 06, 2018 ) The global ICF Market is estimated to grow to USD 1,839.91 Million by 2024 growing at a CAGR 14.79% from 2018 to 2024. Insulating concrete form or insulated concrete form (ICF) is a system of the frame for reinforced concrete, which is to produce with a firm (rigid) thermal insulation that remains in place as a permanent interior and exterior substance for floors, roofs, and walls. ICF is driven by a number of factors such as growing demand for energy-efficient buildings, increased preparedness towards disasters, growing used in high-rise residential buildings, reduced construction time and increasing demand for better thermal performance. Construction with ICFs is attaining momentum over other building methods because, with comparable costs, IFCS offer unique comfort, energy efficiency, and safety rates.

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By application, Residential market is expected to dominate the global insulated concrete form market

Based on the application, the insulated concrete form market is divided as industrial, commercial, residential and infrastructure. In that, residential utilization is to continue as the dominant section and reckon for over 68% of the global insulated concrete form market share in 2017, followed by infrastructure and industrial because of effective regulative landscape.

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Polystyrene foams are expected to lead the best growth in the insulated concrete form

Based on the material, the insulated concrete foam market (ICF) is subdivide as polystyrene foam, cement-bonded wood fiber, cellular concrete, polyurethane foam. In these, polystyrene foam represents tremendous product segment and is accounted for the highest share and offer consumer satisfies with preferences as comfort, durability and low cost, energy efficiency and structural safety. Major part of the insulated concrete form (IFC) are made of polystyrene, especially extended polystyrene (EPS), it are often recycled after usage.

Asia pacific is anticipated to command the global Insulated concrete form market

Asia Pacific holds the world’s huge construction and materials trade and continues to be a striking regional industry, driven by India and China. Insulated concrete form (ICF) market share is set to grow at over 10% CAGR. Canada may be a large, firm sector (construction and housing industry) driven by government policies and industry forces. The developed regions of North America and Europe have been forecasted to contribute to an enormous growth in ICF market by seizing an oversized range of construction industries.

The report includes the profiles of leading companies such as Airlite (Fox Blocks), Logix Insulated Concrete Forms Ltd., NUDURA Corporation, BuildBlock Building Systems and Plasti-Fab, Quad-Lock Building Systems Ltd, Superform Products Ltd (Canada).

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• Year on Year basis generation of revenue is studied.

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