External Wall Insulation Board Market to Hit $14.9 Million, by 2030 at 8.3% CAGR: Coherent Market Insights

BURLINGAME, Calif., March 27, 2024 /PRNewswire/ -- Coherent Market Insights published a report, titled, the global external wall insulation board market size is estimated to grow from $14.9 Million in 2023 and is forecast to reach a value of $14.9 Million by 2030 at a CAGR of 8.3% between 2023 and 2030. The External Wall Insulation Board Market is driven by the increasing demand for energy-efficient buildings. As governments worldwide are focusing on reducing carbon footprint, the use of external wall insulation boards has gained traction. Additionally, the growing construction industry, especially in developing economies, is also fueling the market growth.

Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/6234

Market Trends:

One of the key trends in the External Wall Insulation Board Market is the rising popularity of green buildings. Builders and homeowners are increasingly opting for sustainable construction materials, including external wall insulation boards, to reduce energy consumption and environmental impact. Another trend is the development of advanced insulation boards that offer better thermal performance and durability, meeting the evolving needs of the construction industry.

The External Wall Insulation Board market presents a lucrative opportunity driven by the increasing demand for energy-efficient buildings. As governments around the world strive to reduce carbon emissions and promote sustainable construction practices, the adoption of external wall insulation boards has been on the rise. These boards help in improving the thermal performance of buildings, reducing energy consumption for heating and cooling, and ultimately lowering carbon footprints.

External Wall Insulation Board Market Report Coverage

As per the market segmentation, the mineral wool segment is dominating the market by material type, with its excellent thermal insulation properties and fire resistance. In the residential sector, external wall insulation boards are extensively used, making it the dominating end-use sector. Moreover, in new construction applications, these boards are increasingly being incorporated, driving growth in this segment.

Another market opportunity in the External Wall Insulation Board market is the growing trend of renovation and retrofitting projects, driving the demand for these insulation solutions. With aging buildings in need of energy efficiency upgrades and increased awareness about the benefits of external wall insulation, the market for insulation boards is witnessing significant growth. Retrofitting projects involve adding external wall insulation boards to existing structures, enhancing their thermal performance and energy efficiency.

On the basis of application, the retrofit segment is expected to witness considerable growth, as more buildings undergo energy efficiency improvements. Additionally, the external thermal insulation composite systems (ETICS) segment is dominating the market by position, offering a comprehensive solution for external wall insulation requirements.

Buy this Complete Business Research Report: https://www.coherentmarketinsights.com/insight/buy-now/6234 

Recent Developments:

In January 2021, BASF presented the Neopor BMB insulting board solution, which offers improved fire protection and is derived from Neopor F5300 Plus.

In October 2020, in order to reduce formaldehyde emission associated with binder, Knauf Insulation introduced ECOSE Technology onto its glass mineral wool insulation line.

Key Market Takeaways:

The External Wall Insulation Board market is projected to grow at a CAGR of 8.3% during the forecast period 2023-2030, driven by the increasing trend of renovation and retrofitting projects. The retrofit segment is expected to witness significant growth, as older buildings undergo energy efficiency upgrades.

In terms of position, the external thermal insulation composite systems (ETICS) segment is dominating the market, providing a comprehensive solution for external wall insulation. North America is expected to hold a dominant position in the market, as the region witnesses a surge in retrofitting projects. Key players such as Saint-Gobain, Kingspan, and Rockwool are at the forefront of catering to the growing demand for external wall insulation boards in renovation and retrofitting projects.

Detailed Segmentation:

By Material Type:

• Mineral Wool
• Expanded Polystyrene
• Extruded Polystyrene
• Polyurethane Foam
• Phenolic Foam
• Others

By End-Use Sector:

• Residential
• Commercial
• Institutional
• Industrial

By Application:

• New Construction
• Retrofit

By Position:

• External Thermal Insulation Composite Systems (ETICS)
• Internal Thermal Insulation Composite Systems (ITICS)

By Geography:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • South Africa
  • GCC Countries
  • Rest of Middle East & Africa

Ask for Customization: https://www.coherentmarketinsights.com/insight/request-customization/6234 

Find more related trending reports below:

Recycled Textile Market, By Material Type (Polyester, Cotton, Nylon, Wool, Viscose Rayon, and Others), By Textile Waste Source (Post-consumer, Pre-consumer/Post-industrial, Production Overruns, Pullouts, Export Seconds, and Others), By End-use Industry (Apparel, Home Furnishings, Automotive, Industrial, and Others), By Recycling Method (Mechanical, Chemical, Thermal, and Others), By Distribution Channel (Online, Retail Stores, Specialty Stores, Department Stores, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Natural Stone Slab Market, By Type (Marble, Granite, Limestone, Sandstone, Slate, Quartzite, Others), By Application (Flooring, Memorial Arts, Wall Cladding, Worktops, Monuments, Other), By End User (Residential, Commercial, Hotels & Restaurants, Offices, Educational Institutes, Temples & Churches, Others), By Distribution Channel (Online, Offline), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Roofing Materials Market, By Material (Asphalt Shingles, Concrete & Clay Tiles, Metal Roof, Plastic Roof, Others), By Application (Residential, Non-residential), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Fiber Cement Market, By Applications (Siding, Roofing, Cladding, Molding and Trimming, Other Applications), By End-User Industry (Residential, Non-residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights

Phone:

US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected]
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/902389/Coherent_Market_Insights_Logo.jpg

SOURCE Coherent Market Insights