September 23, 2019 11:28 ET | Source: Reports and Data Reports and Data
New York, New York, UNITED STATES
New York, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Growing construction activities in emerging economies are one of the major factors influencing market growth.
The global insulated concrete form (ICF) market is expected to reach USD 1.56 Billion by 2026, according to a new report by Reports and Data. Insulating concrete forms (ICFs) are used to make cast-in-place concrete walls, sandwiched between two layers of insulation material. These are used to hold fresh concrete that remains in place permanently to provide insulation for the structure they enclose. Typical applications include low-rise buildings ranging from residential to commercial to industrial.
One of the most significant drivers of the market is the growth in construction activities. At present, the construction sector emphasizes on improved energy efficiency, comfort, and safety. Developing regions, including Asia, Latin America, and the Middle East have been observing a notable rise in the construction activities, which would stimulate the growth of the market in the upcoming years.
Additionally, increasing instances of natural disasters, such as hurricanes, tsunamis, floods, earthquakes, and volcanic eruptions, among others are expected to drive the demand for disaster-resistant buildings. A substantial upsurge in the construction of such buildings in disaster-prone areas is likely to boost the demand for ICF in making of walls and roofs.
The growing need for effective thermal insulation solutions in a building is rapidly gaining traction in the market. The vital role played by ICF in maintaining thermal insulation and reducing the costs related to heating buildings and structures are expected to stimulate the product demand. Besides, a surge in demand for sustainable buildings is expected to propel the product demand.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/insulated-concrete-form-icf-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global insulated concrete form (ICF) market on the basis of material type, design, application, and region:
Material Type Outlook (Volume, Million Square Feet; 2016-2026 and Revenue, USD Million; 2016-2026)
Design Outlook (Volume, Million Square Feet; 2016-2026 and Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Million Square Feet; 2016-2026 and Revenue, USD Million; 2016-2026)
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Regional Outlook (Volume, Million Square Feet; 2016-2026 and Revenue, USD Million; 2016-2026)
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