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.

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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

Report Coverage	Details
Market Revenue in 2022	$8.5 million
Estimated Value by 2030	$14.9 million
Growth Rate	Poised to grow at a CAGR of 8.3%