Global Insulated Concrete Form Market Predicted to Grow
Research analysts forecast the global insulated concrete form market to grow at 11% per year through 2021, according to a new report from MarketResearchNest.com.
Insulated concrete form (ICF) is a system of form made up of reinforced concrete within a rigid thermal insulation that remains as a permanent interior and exterior substrate for walls, floors, and roofs. These frameworks are solid and efficient. During the Second World War, this technique of construction was first developed in Europe as an economical and resilient way for rebuilding damaged structures.
The report covers the present scenario and the growth prospects of the global insulated concrete form market for 2017-2021.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is encouraging green building construction. In 2010, the European Parliament committed to broadening the levels of carbon reductions as per the Kyoto Protocol to the United Nations Framework Convention on Climate Change. The protocol mentioned the scaling up of renewable energy supplies and adoption of passive building strategies. The members of the EU are committed to reach near zero energy buildings by 2020 (EU 2010). Performance metrics have always been the focus for Europe. In recent years, starting with the German Passivhaus performance standard, this passive design methodology has gained extensive adoption. Variations on the approach and metric have been initiated in several countries, such as Belgium, Sweden, and Switzerland.”
According to the report, one of the major drivers for this market is a significant increase in market demand for energy efficient residential and commercial construction. Energy savings and comfort are built-in advantages attributed to every ICF system. ICF benefits include a high R-Value (a measure of resistance to heat flow through a given thickness of material). Four inches of ASTM standard C 578 polystyrene foam insulation, combined with a 5-inch concrete wall forms a typical ICF system, with a rating above R-17 at 75 F mean test temperature. Other configurations of insulating form and materials also exhibit high R-Values.
Further, the report states that one of the major factors hindering the growth of this market is comparatively higher cost of ICFs. Like lumber, the cost of concrete also varies, and can sometimes cost more than lumber. Normally, a basement built with ICFs will cost comparatively more than concrete or block foundation. Through several uses of ICF, it has been determined that using ICF wall construction normally adds about 30 to 40 percent to the total foundation price. However, in the cost of producing a bare concrete wall, an ICF wall provides a furred ICF wall that can be constructed all the way up to the floor joist, that also acts as a vapor barrier.
Read more about insulated concrete forms.