Insulated Concrete Form - Demand for Energy-efficient Building to Drive Market | Technavio

Technavio has published a new report on the global insulated concrete form market from 2017-2021. (Graphic: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global insulated concrete form market (ICF) is expected to grow at a CAGR of 11% during the forecast period.

This research report titled ‘Global Insulated Concrete Form Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

According to Ajay Adikhari, a lead analyst at Technavio for metals and minerals research, “ICF is a prominent material among green building components used to create building structures that are safe, energy-efficient, sustainable, healthy, and comfortable. ICF structures are popular for delivering substantial green energy savings and smaller carbon footprints, in addition to being disaster resilient and environment-friendly.”

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The market research analysis categorizes the global insulated concrete form market into four major application segments. They are:

  • Residential
  • Commercial
  • Industrial
  • Infrastructure

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Global ICF market by residential segment

ICF construction is compatible with almost all home designs. Once built, ICF homes cannot be easily distinguished from their traditionally-framed counterparts. However, there are some visible differences in building homes with ICFs. The most prominent difference is the increased wall thickness. The overall depth, width, and square footage of a home are usually enlarged, owing to thicker exterior walls. Basement waterproofing materials for an ICF basement need to be different as petroleum-based tar would melt the exterior foam on the ICF. Windows and doors ordered will need to have wider jamb extensions to accommodate the increased wall thickness.

Global ICF market by commercial segment

ICFs have exceptional benefits over traditional building methods in the commercial construction industry. Vertical ICFs provide green and sustainable building materials for any construction project. They provide a wall assembly that is one of the best methods known in the construction industry.

“The demand for ICF construction is growing rapidly among high-profile commercial structures throughout the world. Leaders of the professional building industry offer ICF as an alternate for some of the largest multi-family dwellings, schools, hotels, assisted living facilities, government infrastructure, and industrial buildings,” says Ajay.

Global ICF market by industrial segment

Industrial applications are estimated to witness the fastest growth rate during the forecast period mainly due to a dynamic regulatory landscape. The numerous features and benefits which ICFs provide make them the perfect choice for better standards of construction. ICF exterior walls require 30%-40% less energy to heat and 20%-30% less energy to cool when compared with wood-frame houses. The larger the rooms, the bigger the energy savings.

ICF walls have another advantage that is significant for industrial applications. They can resist up to a 4-hour fire rating, using only a flat wall system. The reinforced concrete is capable of withstanding very high temperatures and still stay intact.

Global ICF market by infrastructure segment

Recently, the UAE government endorsed the design and implementation of green buildings to increase energy efficiency in infrastructure development. This means that the construction fraternity in the country would need to shift from the conventional construction to sustainable methods, such as insulated concrete forms.

ICF structures are eco-friendly, efficient, and can carry a considerable amount of load. One of the prominent environmental benefits is that ICFs can be produced from recyclable materials, which is a major contributor to reducing the impact of buildings on the environment.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • IntegraSpec
  • Logix Insulated Concrete Forms
  • NUDURA
  • Quad-Lock Building Systems
  • SuperForm Products

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global insulated concrete form market is expected to grow at a CAGR of 11% until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com