The market for insulated concrete form (ICF) is expected to grow at a CAGR of around 5%. The factors driving the growth of the market studied are the demand for energy-efficient buildings, increasing construction of high-rise buildings, increasing preparedness toward disasters, and reduced construction time.

On the flip side, other than the impact of COVID-19 pandemic on the construction industry’s growth, initial high-cost associations and problems during the stage of construction, will hinder the growth of the market studied.

Increasing promotion and awareness of ICF among both manufacturers and consumers is likely to act as an opportunity for the market growth in the future.

North America accounted for the highest market share in the ICF market globally and is likely to dominate the market during the forecast period.