Global Exterior Insulation And Finish System Market Size 2024, Forecast To 2033
11 Mar, 2024
The exterior insulation and finish system market has exhibited robust growth, ascending from $91.42 billion in 2023 to $99.83 billion in 2024, with a compound annual growth rate (CAGR) of 9.2%. This growth is attributed to population expansion, a low-interest-rate environment, heightened demand for energy-efficient buildings, and an increasing focus on sustainability. Looking ahead, the market is anticipated to experience strong growth, reaching $144.23 billion in 2028 at a CAGR of 9.6%. Factors driving this growth include stringent regulations to curb greenhouse gas emissions, increased investment in infrastructure development, rapid industrialization, and a rise in construction projects. Major trends include the development of solar façade systems, increased acquisition and partnerships, adoption of AI technologies, the advent of media/digital façades, product innovations, advancements in EIFS cladding systems, and new construction methods.
Global Exterior Insulation and Finish System Market Key Driver
The growth of the exterior insulation and finish system market is propelled by the increasing adoption of green building protocols. Green buildings, designed to minimize negative impacts on the environment, make efficient use of water, energy, and renewable resources. Exterior insulation and finish systems, contributing to environmental waste management, generate negligible waste that is reusable and recyclable. According to the World Green Building Council, the global green building market has the potential to reduce energy consumption by 50% or more by 2050. This emphasis on sustainable building practices is driving the demand for exterior insulation and finish systems, positioning the market for growth in 2023, 2024, and 2028.
Get A Free Sample Of The Global Exterior Insulation and Finish System Market ReportGlobal Exterior Insulation and Finish System Market Segments
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
By Geography:The regions covered in the exterior insulation and finish system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Western Europe was the largest region in the exterior insulation and finish system market in 2023. The regions covered in the exterior insulation and finish system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Exterior Insulation and Finish System Industry Players
BASF SE, STO SE & Co KGaA, Saint-Gobain, Wacker Chemie AG, Owens Corning, Sika AG, Parex USA Inc, Dryvit Systems Inc., RMAX, Durabond Products Limited, China State Construction Engineering Corporation, China Communications Construction Company Limited, Shanghai Construction Group, SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction Company, Knauf, Lindner Group, Permasteelisa Group, Jiangsu Paneltek Ceramic Co. Ltd, Qingdao REXI Industries Co. Ltd, Beconstructive EWI LTD, Soltherm External Wall Insulation, Enviro-Therm Insulation Ltd, Technologica Engineering, FEdco Ltd, Spiral, PORR Group, Gambit Lubawka Sp. Z O.O, Paneltech, Cmplast, Global Mineral Group Sp. Z O.O, ProfHolod, Exportv.ru, TechnoNIKOL, Lerch Bates Inc, AXIS Façades, Louisiana Pacific Corporation, Georgia-Pacific, USG Corporation, YKK AP America Inc, Bechtel Corporation, Fluor Corporation, Granite Construction, Kiewit Corporation, The Walsh Group Ltd, Conestoga-Rovers & Associates, Roofway, TSyA SA, PfZ Arquitectos, BRUNZINI Arquitectura, Juntos Somos Mais Fidelizacao SA, Ambar Tech Participacoes SA, Hilti, Fluor Chile Ingenieria y Construction SA, ShipServ, Master Sul Comex Ltda Me, Furukawa Electric Latam S.A, Coppersteel Bimetalicos Ltda, Amorim Cork Composites S.A, Westaflex Tubos Flexiveis Ltda, Hergen S/A, Maquinas E Equipamentos, Bouygues SA, JML LLC, Meinhardt Group, PERMASTEELISA SPA, Ramboll Group A/S, ROCKWOOL International A/S, Seele Verwaltungs GmbH, Masdar, Trojan Construction Group, AF Construction LLC, Valostar Steel Construction, Cadcon Steel Construction & Engineering, Karmod Prefabricated Building Technologies, Kwikspace Modular Buildings Ltd, Cube Modular, Fabricated Steel Manufacturing, Concretex, PW Nigeria Limited, Bechtel, AECOM
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Exterior Insulation and Finish System Market Overview
The exterior insulation and finish system is a cladding system, which provides an insulated finished surface and waterproofing to the exterior walls. It is the facade insulation or energy-efficient thermal wrapping, that is applied to the external surfaces of the building.
Exterior Insulation and Finish System Global Market Report 2023 provides data on the global exterior insulation and finish system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The exterior insulation and finish system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.