Exterior Insulation and Finish System Market Overview 2024-2033 – Competitive Landscape and Strategies|BASF SE, STO SE & Co KGaA, Saint-Gobain, Wacker Chemie AG, Owens Corning

The Exterior Insulation and Finish System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Exterior Insulation and Finish System, The exterior insulation and finish system market size has grown strongly in recent years. It will grow from $91.42 billion in 2023 to $99.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increase in population, low-interest rates environment, rising demand for energy efficient buildings, increasing focus towards sustainability.

The exterior insulation and finish system market size is expected to see strong growth in the next few years. It will grow to $144.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to stringent regulations to reduce greenhouse gas emission, rising investment for infrastructure development, rapid industrialization, increasing construction projects. Major trends in the forecast period include developing solar façade systems, increasing acquisition and partnership, adopting ai technologies, advent of media/digital façades, product innovations, advancements in eifs cladding systems and new construction methods.

The growing adoption of green building protocols is expected to propel the growth of the exterior insulation and finish system market. Green buildings are buildings that contribute towards eliminating or reducing the negative impacts on the climate and environment and create a positive impact through their design, operation, or construction. Green buildings make efficient use of water, energy, and various other renewable resources. Exterior insulation and finish systems produce negligible waste, which is reusable and recyclable, contributing to environmental waste management. According to the World Green Building Council, a global non-profit organization in the building and construction industry, the global green building market has the potential to reduce energy consumption by 50% or more by 2050. Therefore, the growing adoption of green building protocols is driving the exterior insulation and finish system market.

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The exterior insulation and finish system market covered in this report is segmented –

1) By Material: Mineral Wool, Expanded Polystyrene, Other Material
2) By Application: Residential, Non-Residential
3) By Type: Polymer-Based, Polymer-Modified
4) By Component: Adhesive, Insulation Board, Base Coat, Reinforcement, Finish Coat

Product innovations are a key trend gaining popularity in the exterior insulation and finish system market. For instance, in June 2022, DuPont, a US-based chemical company, launched DuPont™ Thermax NH Insulation with innovative glass fiber-reinforced foam core and high R-value It is specifically made to be used as interior finish systems for walls and ceilings as well as outside continuous insulation. Its distinctive qualities include being able to be left exposed on interior walls and ceilings without a thermal barrier and providing consistent, high-performance R-value at both 75 °F and 40 °F (UL 1715), Zero ODP, HFC-free, and low VOC.

The exterior insulation and finish system market report table of contents includes:

1. Executive Summary
2. Exterior Insulation and Finish System Market Characteristics
3. Exterior Insulation and Finish System Market Trends And Strategies
4. Exterior Insulation and Finish System Market – Macro Economic Scenario
5. Global Exterior Insulation and Finish System Market Size and Growth

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32. Global Exterior Insulation and Finish System Market Competitive Benchmarking
33. Global Exterior Insulation and Finish System Market Competitive Dashboard
34. Key Mergers And Acquisitions In Exterior Insulation and Finish System Market
35. Exterior Insulation and Finish System Market Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• BASF SE
• STO SE & Co KGaA
• Saint-Gobain
• Wacker Chemie AG
• Owens Corning

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