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

Coherent Market Insights - Seite 3

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.

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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

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