For the ninth consecutive year, ICF residential above grade market share increased in the United States, growing from 2.7 percent in 2001 to 3.8 percent in 2002 according to the National Association of Home Builders and Portland Cement Association.
This represents a 40 percent increase in market share in 2003, and a 3,700 percent increase since 1993 when ICFs only accounted for 0.1 percent of the above grade residential market.
Additionally, the Cement Association of Canada reported 1,920 above-grade single-family ICF homes were built in 2003, up from 1,449 in 2002, constituting a 32.5 percent increase in market share.
Originally developed as a user-friendly forming system for foundations, ICFs have grown in popularity to become the third most popular residential above-grade building material in the United States in 2003.
Additionally, there will be a continued expansion throughout all levels of the housing market due to the benefits and payoffs that ICFs offer to homeowners, and that Contractors are starting to take note of as well.
The energy efficiency, disaster-resistance and sound mitigating qualities of ICFs strikes a chord with homeowners at every level, and this directly affects its popularity as a building system. As a result, the PCA projects that by 2006 ICF systems will make up to 8 percent of all single-family housing starts in the United States.
The number of ancillary products that are manufactured specifically for ICFs have also helped to make constructing ICF easier, cutting insulation time and limiting job site headaches.
With the development of coatings, structural attachments and architectural finishes, ICFs have become one of the most user friendly building systems available.
Considering the incredible growth ICFs have experienced over the past decade, the industry's future looks bright.