North America Insulated Concrete Form (ICF) Market Size (2024 - 2029)

The North American insulated concrete form (ICF) market is projected to experience growth, driven by the increasing demand for energy-efficient buildings and enhanced disaster preparedness. Despite the negative impact of COVID-19 on construction activities, the market has shown steady expansion as key industries resumed operations. The demand for ICF is further supported by the rising construction of high-rise residential buildings and the reduction in construction time. However, high costs may pose challenges to market growth. The United States is anticipated to lead the market in North America, with significant growth expected during the forecast period.

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Market Size of North America Insulated Concrete Form (ICF) Industry

North America Insulated Concrete Form (ICF) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

North America Insulated Concrete Form (ICF) Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Insulated Concrete Form (ICF) Market Analysis

The North American insulated concrete form (ICF) market is expected to register a CAGR of over 5% during the forecast period.

COVID-19 negatively impacted the insulated concrete form (ICF) market in North America in 2020. The construction in residential and non-residential segments was heavily impacted by the lockdown during the pandemic. This has impacted the consumption of Insulated Concrete Forms in North America. The market expanded steadily after the continued functioning of the main end-user industries.

  • Demand for energy-efficient buildings and increasing preparedness for disasters are expected to drive the insulated concrete form (ICF) market's growth in North America.
  • Growing demand from hi-rise residential buildings and reduced construction time is forecasting market demand.
  • High-cost associations are likely to impede market expansion.
  • United States is expected to dominate the insulated concrete form (ICF) in North America and is also likely to witness the highest CAGR during the forecast period.

North America Insulated Concrete Form (ICF) Industry Segmentation

An insulated concrete form (ICF) is a type of structure created from thermally insulating material. It is used for concrete wall reinforcement in order to keep the permanent structure of walls, roofs, and floors. This is used for permanent wall support and provides good insulation from heat and sound while being energy efficient. It also provides a space for electrical wiring within the building. North America's insulated concrete form (ICF) market is segmented by material type, application, and geography. By material type, the market is segmented into polystyrene foam, polyurethane foam, cement-bonded wood fiber, and cement-bonded polystyrene beads. By application, the market is segmented into residential, commercial, and institutional. The report covers the market size and forecast for the North American insulated concrete form (ICF) market in 3 countries across the North American region. For each segment, the market sizing and forecasts have been done based on value (USD million).

Material Type
Polystyrene Foam
Polyurethane Foam
Cement-bonded Wood Fiber
Cement-bonded Polystyrene Beads
Applications
Residential
Commercial
Institutional
Geography
United States
Canada
Mexico
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North America Insulated Concrete Form (ICF) Market Size Summary

The North American insulated concrete form (ICF) market is poised for significant growth, driven by the increasing demand for energy-efficient buildings and enhanced disaster preparedness. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted construction activities in both residential and non-residential sectors, the market has shown resilience and is expected to expand steadily. The United States is anticipated to lead the market, benefiting from its robust construction industry and substantial public spending on residential and commercial projects. The demand for ICF is further bolstered by the growing trend of high-rise residential buildings and the advantages of reduced construction time and improved energy efficiency.

Insulated concrete forms are gaining traction in North America, with countries like the United States, Canada, and Mexico contributing to the market's growth. These forms are valued for their ability to provide permanent insulation, enhancing energy efficiency and reducing construction time. The market is characterized by a consolidated landscape, with key players such as RPM International Inc., CEMEX S.A.B. de C.V., and Amvic Inc. leading the charge. Recent strategic moves, such as the acquisition of Amvic by Foam Holdings, highlight the competitive dynamics and ongoing innovations within the market. As the demand for construction, particularly in the residential segment, continues to rise, the ICF market in North America is expected to experience sustained growth over the forecast period.

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North America Insulated Concrete Form (ICF) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Hi-rise Energy-efficient Buildings

      2. 1.1.2 Increasing Preparedness Toward Disasters

      3. 1.1.3 Reduced Construction Time

    2. 1.2 Restraints

      1. 1.2.1 High Cost Association

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material Type

      1. 2.1.1 Polystyrene Foam

      2. 2.1.2 Polyurethane Foam

      3. 2.1.3 Cement-bonded Wood Fiber

      4. 2.1.4 Cement-bonded Polystyrene Beads

    2. 2.2 Applications

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Institutional

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Insulated Concrete Form (ICF) Market Size FAQs

The North America Insulated Concrete Form (ICF) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

RPM International Inc. , CEMEX S.A.B. de C.V. , Amvic Inc. , Quad-Lock Building Systems and Nuform Building Technologies Inc. are the major companies operating in the North America Insulated Concrete Form (ICF) Market.

North America Insulated Concrete Form (ICF) Report Snapshots

North America Insulated Concrete Form (ICF) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)