Insulated Concrete Form Market revenue in residential applications to approach USD 500 million by 2024

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Insulated Concrete Form Market Analysis, Industry
Statistics, Research Report, 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Insulated Concrete Form Market

• Insulated concrete form (ICF) market is growing
  at a fast pace owing to its heavy demand in the
  hurricane and seismic-prone areas. ICF
  construction provides durability, strength,
  airtightness, and excellent sound insulation to
  the buildings. With growing consumer awareness
  toward wellbeing, uplifted living standards, and
  quality of life, the demand for energy efficient
  infrastructure is on a steady upsurge.
• MEA and Asia Pacific insulated concrete form
  industry is expected to penetrate deeply in the
  coming years, owing to the rise in disposable
  incomes in these regions and the positive
  approach toward new construction materials.

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Continued

• Global insulated concrete form market from
  industrial applications is expected to
  prominently drive the overall industry over the
  coming seven years due to increased consumer
  spending on industrial construction. The
  industrial sector is projected to grow at an
  annual rate of 10 over 2016-2024.
• North America insulated concrete form market led
  by the U.S. and Canada will exhibit substantial
  growth in the years ahead. Flourishing
  construction industry of Canada with a strong
  consumer urge for energy efficient building is
  fueling the regional demand. Approximately, 100
  distributors of ICF systems serve the Canadian
  industry.
• Favorable energy saving policies initiated in the
  U.S. and Canada will influence insulated concrete
  form industry growth in these regions.

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Continued.

• Polystyrene foams are mostly used in ICFs
  construction. Driven by the rising consumer
  requirement for features such as energy
  efficiency, comfort, structural stability, and
  cost effectivity in buildings, polystyrene
  insulated concrete form market is the leading
  segment driving the global market, accounting for
  more than 60 of the total volume in 2015.
• Polyurethane foam ICF industry is also witnessing
  a heavy adaption in ICFs construction. With an
  estimated revenue worth over USD 100 million in
  2015, polyurethane forms market is also expected
  to depict substantial growth over the coming
  seven years.
• Insulated concrete form market is highly
  competitive with multinational players sharing
  the business space. Some of the notable players
  for ICF industry include Airlite (Fox Blocks),
  BuildBlocks, Quad-Lock, Amvic, and Logix. The
  market is highly consolidated in North America
  owing to the presence of key manufacturers across
  the region.

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