(2019 – 2024) Insulated Concrete Form Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Insulated Concrete Form Market is expected to grow at a CAGR of 14.08% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Insulated Concrete Form market and main aspect about report- why should you buy this research report? so don’t miss it.
Insulated Concrete Form Market Overview:
The market for Insulated Concrete Form (ICF) is expected to grow at a CAGR of 14.08%. One of the major factors driving the market studied is the growing demand for hi-rise residential buildings. However, high cost assosciated with ICF is likely to restrain the market.
– Demand for energy-efficient buildings is also likely to boost the demand for ICF during the forecast period.
– Increasing promotion and awareness of ICF among both manufacturers and consumers is likely to act as an opportunity for the market growth in future.
– North America accounted for the highest market share in ICF market in 2018 and is likely to dominate the market during the forecast period.
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List of Top Key-players/Leading Manufacturers of Insulated Concrete Form Market:
Scope of the Insulated Concrete Form Market Report:
Global Insulated Concrete Form Market is segmented by product type, distribution channel, and region. Based on the product, the market is segmented fruit-based Insulated Concrete Form and dairy-based Insulated Concrete Form. Fruit-based Insulated Concrete Form hold the largest market share and is expected to be the fastest growing segment in the Insulated Concrete Form market. On the basis of the distribution channel, the market is segmented into supermarkets/hypermarkets, restaurants, smoothie bars, convenience stores, and others. Moreover, the study provides an analysis of the Insulated Concrete Form market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Key Trends of Insulated Concrete Form Market:
Residential Application to Dominate the Market
– In 2018, residential application segment dominated the market.
– ICF offers a high level of energy efficiency when compared to traditional construction materials such as bricks, and wood.
– Increase in the number of building codes that demand energy efficiency has led to the rise in the number of ICF constructions in the residential sector.
– For instance, the new energy code in Canada demands continuous below-grade insulations in residential structures.
– According to distributors and installers in the two major markets of the United States and Canada, the vast majority of ICF home constructions are skewed toward high-end custom homes, and the demand is still being driven by homeowners, in terms of the number of projects.
– Multi-family homes attribute to the largest market growth in the residential sector. Furthermore, basement constructions still make up a significant portion of ICF residential construction works.
– Hence, with growing awareness and promotional campaigns held by various ICF organizations, the market for ICF in the residential sector is expected to grow over the forecast period.
North America to Dominate the Market
– The global ICF market is dominated by North America owing to the high demand from end-user industries in the United States.
– The demand for ICF in the United States is driven by commercial and institutional sub-segments. However, the residential sub-segment held a dominant position in the US ICF market in 2018.
– The growing residential construction industry in the United States is expected to drive the demand for ICF in the region.
– The municipal and state governments have largely adopted the ICF technology, to abide by the quicker construction timelines and long-term energy savings. Additionally, there has been a consistently growing demand for ICF from schools.
– Furthermore, rebuilding in Texas and Florida following the hurricanes is also expected to increase home building activities. The capability of ICF walls to withstand strong winds is expected to drive the ICF market in these cities, over the forecast period.
– Hence, North America is likely to dominate the ICF market during the forecast period.
Reasons to Purchase Insulated Concrete Form Market Report:
- The report analyses how the stringent emission control norms will drive the global Insulated Concrete Form market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Insulated Concrete Form market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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