The report on “Exterior Insulation and Finish Systems Market” is segmented by Type (PB (Polymer-Based), PM (Polymer-Modified)), by Insulation material (Expanded Polystyrene (EPS), Mineral Wool, Others), by Component (Adhesive, Insulation Board, Base Coat, Reinforcement, Finish Coat), by End User (Residential, Non-Residential), and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America). Exterior Insulation and Finish Systems Market was valued at US$ 69.80 Bn in 2019, and is expected to reach US$ 182.95 Bn by 2027, at a CAGR of 12.8 % during forecast period.
Polymer-Based (PB) Segment Is Projected To Grow At A Higher Rate During The Forecast Period.
PB Exterior Insulation and Finish System can incorporate additional layers of base coat and reinforce mesh to achieve higher impact resistance. It also uses expanded Polystyrene (EPS) as an insulation material that provides high thermal insulation and cost efficiency. All these factors contribute to the growth of the PB segment.
Expanded Polystyrene Accounted For The Largest Market Share In 2017.
Expanded polystyrene is consider as environmental safety material, because it has no nutritional value to support fungal, bacteriological or animal growth. This makes it an ideal material for insulation and packaging. EPS is also non-toxic and inert, and contains no chlorofluorocarbons (CFCs) or hydrochlorofluorocarbons (HCFCs).
Adhesives Is Widely Used Component for Exterior Insulation and Finish Systems.
Adhesives increase the resistance to impact and fatigue resistance using elastic adhesive, increasing reliability and product life cycle. Further, the use of adhesive as bonding material does not produce any deformation in the materials or substrates, eliminating metal grinding processes (grinding and putty), reducing the manufacturing cost and improving the aesthetics of the product.
The non-residential segment is projected to have a larger share and dominate the Exterior Insulation and Finish Systems market.
The non-residential construction industry, for a long time, has been the major contributor to the rising demand for Exterior Insulation and Finish Systems. It is used in both residential and non-residential construction, and its utility includes providing thermal insulation and water resistance.
Europe Accounted For The Largest Share Of The Global Exterior Insulation and Finish Systems Market.
The growth of the market in Europe region is propelled by factors such as the growth of both residential and non-residential construction and increasing demand for thermal insulation. Also, the growing population and economic development are other factors driving the Exterior Insulation and Finish Systems market.
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are BASF, Saint-Gobain, Wacker Chemie AG , TO SE & Co KGaA, Owens Corning, Dryvit Systems Inc, Master Wall Inc, Parex USA, Inc, SFS Group Ag., Rma, Durabond Products Ltd, Durock Alfacing International Limited, Adex Systems Inc., Omega Products International, and Terraco Group.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
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