Global Insulated Concrete Form Market valued approximately USD 989.47 million in 2016 is forecasted to grow with a healthy growth rate of more than 5.92% over the forecast period 2018-2025. The major factors speculated to augment the markets are escalation in construction activities across the globe Cheap Akiem Hicks Jersey , rising needs for energy-efficient green buildings, and advantageous government regulations. The high manufacturing costs is one of the few chief restraining factors of the growth rate of the market. Economic slump in key regions, and lack of awareness concerning the modern & imminent technologies in evolving economies are major challenges for the global market. Insulated Concrete Form (ICF) is a system of formwork for strengthened concrete usually made with a rigid thermal insulation which remains in place as a permanent interior and exterior substrate for floors Cheap Walter Payton Jersey , walls, and roofs.
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Global Insulated Concrete Form Market is segmented based on Type, Material Cheap Riley Ridley Jersey , and Industry. The Residential subsegment segment of Industry segment is forecasted to grow with highest CAGR while the Expanded Polystyrene subsegment is expected to dominate in terms of market share.
The regional analysis of Global Insulated Concrete Form Market is considered for the key regions such as Asia Pacific, North America, Europe Cheap David Montgomery Jersey , Latin America and Rest of the World. North America is the leading region across the world in terms of market share due to rising no. of residential projects in the Canada, US, and Mexico. Whereas Wholesale Chicago Bears Jerseys , owing to rapid urbanization in countries such as China, India, and Japan Wholesale Bears Jerseys , Asia Pacific region is also expected to exhibit higher growth rate CAGR over the forecast period 2018-2025.