External Composite Insulation Systems Market To Be Dominated By Green Infrastructure Construction
The Global External
Composite Insulation Systems Market, 2027F may grow with rising investment in
the construction chemicals innovations.
According to TechSci Research
report, “External Composite
Insulation Systems Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027” Global external composite
insulation systems market value in the year 2021 was USD1.2 Billion that may
further grow at a CGAR of over 5% during the forecast period, 2023-2027, due to
rising innovations in construction materials. The external composite insulation
systems are majorly defined as the construction polymers that when mixed with
the paints provides insulating solutions mostly in the external paint. Higher
construction and expanding construction industry are also responsible for the
growth of the global external composite insulation systems market in the
upcoming five years. Rising population and demands for homes for all, growing
construction of commercial complexes, residential buildings, also fuel the
growth of the global external composite insulation systems market in the next
five years.
With higher energy
consumption and growing pressure over the energy supplying resources have
driven the authorities to focus over energy efficient solutions. External
composite systems when mixed with the paints
& coatings
provide insulation against higher temperature, dirt, pollution, and UV rays
affecting the health of the building as well as disturbing the energy consumption
by each building. Technological advancement in these systems is also majorly
aiding the growth of the global external composite insulation systems market in
the future five years. Solar-UV-curing technology which can offer excellent
exterior durability, water resistance, dirt pick-up resistance and mechanical
stability and elasticity (including crack bridging)
for use in flat and textured finishes are some of the popular technology
advancements in the product that substantiate the growth of the global external
composite insulation systems market in the forecast years through 2027. Due to
pandemic, lower construction created minor restraint on the growth of the
market, although reinstatement of the industry growth would drive the growth of
the global external composite insulation systems market in the forecast period.
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The global external composite
insulation system market segmentation is based on material type, application,
distribution channel, regional distribution, and competitive landscape. Based
on material type, the market is fragmented into acrylic emulsion polymers,
re-dispersible latex powders, cellulose ether, silicone, and others. Acrylic
emulsion polymers are anticipated to hold the largest revenue shares of the
market and dominate the market segment in the upcoming five years on the
grounds of increasing adoption of the polymers in the paints. Rising popularity
and increasing number of the paint manufacturers using the technology to
provide highly advanced external paints further support the growth of the
global external composite insulation systems market in the next five years.
This polymer is easily soluble in water making it easily adaptable in various
paints. The polymers have water-resistant properties when they dry. Acrylic
polymer emulsions are a water-based polymer that can be produced from methyl
methacrylate, butyl acrylate, 2-Ethylhexyl acrylate, acrylic acid, methyl
acrylate etc. polymers with specific attributes for a variety of applications
or uses can be produced by choosing appropriate hard and soft monomers
By application, the market is
bifurcated into commercial, industrial, institutional, and residential. Based
on distribution channel, the market is differentiated between direct and
indirect channels. The market analysis also studies the regional segmentation,
divided among Asia-Pacific region, North American region, European & CIS
region, South American region, and Middle East & African region.
Some of the market players,
dominating the global external composite insulation systems market are
·
Dow
Chemicals
·
Wacker
Chemie AG
·
Sika
Group
·
Fosroc
·
Celanese
System
·
Terraco
Group
·
Novatherm
·
Nippon
Paints
·
BASF
SE
·
Hempel
·
NPP
Termalkom, LLC
·
Tnemec
Company Inc
·
ZEON
Corporation
·
Primatek
Coatings
·
S.K.
Kaken Co., Ltd.
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“Europe & CIS region is
anticipated to hold the largest revenue shares and dominate the regional market
segmentation due to advancing construction industry in the region and its major
economies. Better economic status of the population spending and investing in
their residential construction along with expanding commercial infrastructure and
industrial construction further support the growth of the market in the region.
Moreover, higher prevalence of multiple green energy consumption and methods to
save energy consumption further substantiated the growth of the global external
composite insulation systems market in the future years. New market players are
advised to focus on the research and investing in the research and product
development to enter the market with the advanced product thereby aiding their
brand establishment in the future years,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“External Composite
Insulation Systems Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027 Segmented By Material
Type (Acrylic Emulsion Polymers, Re-dispersible Latex Powders, Cellulose Ether,
Silicone, Others), By Application (Commercial, Industrial, Institutional,
Residential), By Distribution Channel (Direct Vs Indirect), By Region”, has evaluated the future
growth potential of global external composite insulation systems 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 global external composite insulation systems
market.
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