Insulated Concrete Form Market to exceed USD 970 million by 2024

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Insulated Concrete Form Market revenue to grow
at 8 up to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Overview of Insulated Concrete Form Market

• Global Insulated Concrete Form Market size
  contributed higher than 471 for 2015 and is
  anticipated to record CAGR of about 8.1 during
  forecast timeline. Large number of homebuilders
  are turning to green building due to factors like
  growing health concerns, customer health
  awareness, quality of life, high power costs and
  depletion of natural resources. This has resulted
  in power efficacy, high quality construction and
  great air quality which is predicted to drive
  global insulated concrete form industry trends
  during forecast period.
• Furthermore, growing demand for natural disaster
  resistant construction and strict rules regarding
  power efficacy as well as lightweight substances
  particularly across developed areas is predicted
  to drive industry expansion. Middle East Africa
  and Asia Pacific are experiencing substantial
  growth in construction expenditure and
  infrastructure spending and provide high future
  prospects for products.
• But high product price as compared to price of
  wood is anticipated to hinder industry growth.
  However, enhanced consciousness among builders
  and new construction codes across European Union
  and U.S. is predicted to fuel insulated concrete
  form industry expansion in future.

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Application Trends of Insulated Concrete Form
Market

• Global insulated concrete form industry is
  segmented into infrastructure application,
  commercial application, residential application
  and industrial application.
• Residential application is predicted to be an
  important segment and contributed for more than
  55.1 of global insulated concrete form market
  share for 2015. The segment is projected to cross
  150 million sq. foot by end of forecast timeline.
  Also, the world population is projected to grow
  from 7.1 billion in 2011 to 9 billion by end of
  forecast timeline, further increasing demand for
  residential construction segment.
• Industrial application segment is predicted to
  expand at rapid rate during forecast timeline
  owing to dynamic rules and regulations. About
  80.1 trillion is predicted to be spent on this
  global application segment during forecast
  timeframe which is predicted to stimulate its
  demand.

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U.S. Insulated Concrete Form Market size, by
application, 2013-2024 (USD Million)

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Product Trends of Insulated Concrete Form
Market

• Global insulated concrete form market is
  segmented into different products like cellular
  concrete, polystyrene foam, cement bonded
  polystyrene beads, polyurethane foam and cement
  bonded wood fiber.
• Polystyrene foam is the biggest product segment
  and contributed more than 69.1 of global
  insulated concrete form industry share for 2015.
  The reasons for the segment growth can be
  credited to customer choice like power efficacy,
  structural security, low maintenance charges and
  comfort.
• Polyurethane foam segment had experienced rapid
  acceptance in insulated concrete foam
  construction sector with revenue projected at
  more than 100.1 million for 2015. China is
  predicted to be the highest producer as well as
  regional customer for this segment.

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Regional Trends of Insulated Concrete Form
Market

• Global insulated concrete form industry is
  segmented into geographical locations like North
  America, Middle East Africa, Asia Pacific,
  Latin America and Europe.
• Asia Pacific, with biggest materials and
  construction sector all across the globe, remains
  an attractive destination, driven by India and
  China insulated concrete form market. It is
  predicted to expand at more than 10.1.
• Growing customer consciousness and strict
  regulations are predicted to stimulate U.S.
  insulated concrete form industry expansion.
  Canada is a big and stable construction sector
  with strong green building sector promoted by
  government policies and industry forces.
• Europe insulated concrete form market contributed
  higher than 121 million for 2015 in terms of
  revenue. Middle East Africa and Latin America
  insulated concrete form markets are comparatively
  new and this industry is today striving for
  creating consciousness in these regions.

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Competitive Trends of Insulated Concrete Form
Market

• Key industry participants profiled in the report
  include Durisol, Amvic Incorporation, BASF SE,
  Superform Products Limited, BuildBlock Building
  Systems, Standard ICF Corporation, Superform
  Products Limited, ICF Tech, PFB Corporation,
  Quad-Lock Building Systems Limited, Fox Blocks,
  Apex Block, IntegraSpec, Nudura Corporation,
  Bayer AG, Liteform Technologies, FXI-Foamex
  Innovations, Logix Insulated Concrete Forms
  Limited, Beco Products Limited, Conform Global,
  Integraspec, Future Foam Incorporation, ISM
  Sismo, Nudura Corporation, Tosoh Corporation and
  Plasti-Fab.

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