Exterior Insulation & Finish System (EFIS) Market to be Dominated by Europe
Supportive
government regulations on building insulations and the rise in investment
requirements for infrastructure development are likely to propel the exterior
insulation & finish system (EFIS) market during the forecast period.
According
to the TechSci Research report, “Exterior Insulation & Finish System
(EFIS) Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2028”, the global exterior insulation & finish system (EFIS)
market is experiencing significant growth, driven by a variety of factors,
including the growth in construction industry spending, tighter regulations on
greenhouse gas emissions, and a focus on building energy efficiency. The
availability of green insulating alternatives and the fluctuating cost of raw
materials, however, may limit market growth. Despite these restrictions,
business presents potential due to favorable laws and regulations. The
manufacturers of external insulation and finish systems must also contend with
a lack of market knowledge.
It
serves as a completed surface, water resistance, and insulation. These can also
be referred to as external thermal insulation cladding systems (ETICS) and
external wall insulation systems (EIWS). These are utilized on exterior walls
and facades and aid in improving a building's energy efficiency.
The
global exterior insulation & finish system (EFIS) market is segmented by
type, insulation material, component, end-use industry, and region. Based on
type, the market is segmented into Polymer-Based (PB), and Polymer-Modified
(PM). Based on insulation material, the market is segmented into Expanded
Polystyrene (EPS), mineral wool, and others. Based on component, the market is
segmented into adhesive, base coat, and others. Based on the end-use industry,
the market is segmented into residential and non-residential. Based on region,
the market is segmented into Europe, North America, Asia-Pacific, South
America, and the Middle East & Africa.
Based
on type, the polymer-based (PB) segment dominates in the global Exterior
Insulation & Finish System (EFIS) market in 2022 because the polymer-based
solution employs fiberglass mesh embedded in a nominal 1.6mm base layer to bind
EPS insulation to the substrate. Extruded polystyrene insulation (XPS) and a
cementitious base coat are both used in the polymer-modified (PM) system. The
base coat is put over mechanically bonded glass fiber reinforcing mesh. The
most prevalent and market-leading system is one based on polymers.
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over XX market data Figures spread through XX Pages and an in-depth TOC on
the “Global Exterior Insulation & Finish System (EFIS) Market.”
Based
on insulation material, Expanded Polystyrene (EPS) dominates in the global
Exterior Insulation & Finish System (EFIS) market in 2022. To make EPS
(expanded polystyrene insulation), foam beads are utilized. The beads are
subjected to heat or steam directly, which induces them to grow and unite. The
most often used insulating material is EPS. Since EPS is made up of
98% trapped air and just 2% plastic, it provides good insulation with
a little quantity of raw material. EPS offers good moisture resistance, thermal
insulation, and acoustic insulation. It may be produced in any size or shape
and is strong, portable, and simple to install. It dominates the market for
external insulation and finishes systems as a result of these qualities.
Based
on the end-use industry, the non-residential segment dominates in the global
Exterior Insulation & Finish System (EFIS) market in 2022 owing to a
greater emphasis on green and energy-efficient structures. These systems are
frequently utilized in non-residential settings such as hospitals, labs, malls,
multipurpose halls, gymnasiums, businesses, movie theatres, etc.
Based
on region, Europe dominates in the global Exterior Insulation & Finish
System (EFIS) market in 2022. The expansion of the European construction
industry is mostly due to reasons such as the rising demand for housing in
urban areas, increasing infrastructure development efforts, and increased modernization
and renovation of buildings to improve their energy efficiency. The region's
robust economic expansion is leading to an increase in the construction of
commercial infrastructure, including offices, schools, hotels, restaurants, and
recreational facilities. Government expenditures in improving housing
infrastructure and the implementation of several helpful initiatives serve to
further assist the growth of the European construction industry. The growing
public awareness of energy-efficient buildings is another factor driving market
development in this area.
Major market
players operating in the global Exterior Insulation & Finish System (EFIS)
market are:
- BASF
SE
- Wacker
Chemie AG
- Sto
Corp.
- Owens
Corning
- Omega
Products International
- Durabond
Products Ltd
- Adex
Systems Inc.
- Terraco
Group
- The
Dow Chemical Company
- Master
Wall Inc
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“The
market for exterior insulation and finish systems is anticipated to increase
over the anticipated period as a result of growth-promoting factors such as
stringent building energy standards and regulations controlling greenhouse gas
emissions. Additionally, these technologies significantly reduce energy use,
which decreases total costs. This factor helps the market for exterior
finishing and insulation solutions expand even more. The need for ecologically
friendly insulating materials, however, restricts the market's growth. Key
players in the exterior insulation and finish system market are expected to
witness growth opportunities over the next years due to beneficial norms and
regulations,” said Mr. Karan Chechi, Research Director at TechSci Research, a
research-based global management consulting firm.
Exterior
Insulation & Finish System (EFIS) Market - Global Industry Size, Share,
Trends, Opportunities, and Forecast 2018-2028, Segmented By Type
(Polymer-Based (PB), Polymer-Modified (PM)), By Insulation Material (Expanded
Polystyrene (EPS), Mineral Wool, and Others), By Component (Adhesive, Base
Coat, and Others), By End-Use Industry (Residential, Non-Residential), By
Region and Competition
has evaluated the future growth potential of global Exterior Insulation &
Finish System (EFIS) market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global
Exterior Insulation & Finish System (EFIS) market.
Contact
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