According to the research report titled ‘Insulated Concrete Form Market Size By Material (Polystyrene Foam, Polyurethane Foam, Cement Bonded Wood Fiber, Cement-Bonded Wood Fiber, Cement-Bonded Polystyrene Beads, Cellular Concrete), By Application (Commercial, Industrial, Infrastructure, Residential), Industry Analysis Report, Regional Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, the global insulated concrete form market is expected to record a substantial growth rate through 2025.
 

Shifting inclination towards advanced building solutions along with increasing consumption of energy are major factors driving the insulated concrete form market growth. There has been an upsurge in demand for rigid and efficient construction materials. Adding to this, increased pervasiveness of natural disasters in polar and coastal regions has compelled the development of disaster resistant infrastructure which is further facilitating the market expansion.
 

Favorable government regulations which promote sustainable development along with rising construction of passive houses are stimulating the industry outlook. Initiatives towards reducing carbon footprint are fostering the demand for insulated concrete form across the globe. Rapid urbanization and rising capita per income are also favoring the business scenario.
 

As per material type, the report states that polystyrene foam segment held 60% market share in 2018 and is presumed to expand continuously during the forecast period. The product offers benefits such as resistance to pests and water vapor while being lightweight and durable. Increasing awareness pertaining to advantages of polystyrene foam along with easy availability of the product are fueling the segmental growth.
 

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Based on the application spectrum, commercial application of insulated concrete form is expected to grow with a CAGR of 6% during 2019-2025. Rising adoption of the product in commercial structures such as freestanding office space, retail stores, restaurants, and theaters due its fire resistant and acoustic & thermal insulation properties are aiding the business scenario.
 

As per regional analysis, the report cites that North America insulated concrete form industry is expected to register substantial growth during the forecast period. Increasing awareness regarding the product benefits coupled with favorable government reforms which encourage development green infrastructure are augmenting the regional demand, thereby boosting the market growth.
 

Tosoh Corporation, Superform Products Ltd., Sunbloc, Standard ICF Corp., Rastra Holding LLC, Quad-Lock Building Systems Ltd., Polysteel Warmer Wall, Polycrete, Plasti-Fab, PFB Corporation, Nudura Corp., Monolith, Mickey Block, Logix Insulated Concrete Forms Ltd., Liteform Technologies, ISM Sismo, Integraspec, ICF Tech, FXI-Foamex Innovations, Future Foam Inc., Durisol, Conform Global, Buildblock Building Systems, Beco Products Ltd., Bayer AG, Apex Bloc, Amvic Inc., Airlite (Fox Blocks) and BASF SE are the prominent companies operating in insulated concrete form market.