Insulated Concrete Form Market to Reach $1,494.15 Million by 2030- Exclusive Report by The Insight Partners

Grand News Network | November 8, 2023

Pune, India, Nov. 08, 2023 (GLOBE NEWSWIRE) -- According to our latest market study on "Insulated Concrete Form Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Material and Application," the global insulated concrete form market size was valued at US$ 935.50 million in 2022 and is projected to reach US$ 1,494.15 million by 2030; it is anticipated to record a CAGR of 6.0% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Insulated Concrete Form Market: Competition Landscape

RPM International Inc., Amvic Inc., Logix Brands Ltd., Airlite Plastics Company & Fox Blocks, BuildBlock Building Systems LLC, BASF Neopor, Beco Products Ltd, Polycrete International, Rastra, and SISMO are a few of the key players operating in the global insulated concrete form market. Many market players are focused on developing high-quality, innovative product offerings to fulfill the customer's requirements.

In 2022, Asia Pacific dominated the insulated concrete form market. The insulated concrete form market in Asia Pacific has witnessed major growth in recent years, owing to the well-established construction sector and increased emphasis on sustainable practices. Countries in the region are witnessing a growth in urbanization, and a rise in residential construction, which offer ample opportunities for key market players in the insulated concrete form market. China is among the largest markets for insulated concrete form, driven by the country's large construction set-up. China is one of the fastest-growing economies in the world. Almost all industries in the country are flourishing due to improving living standards, increasing population, and growing per capita income. China is anticipated to invest US$ 13 trillion annually on the construction of buildings by 2030.

According to the National Bureau of Statistics of China, the construction output in the country grew from US$ 1.51 trillion in ...

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