External Wall Insulation Board Market Analysis Growth Prospects, SWOT Analysis, Business Development and Forecast 2024-2031 | Saint-Gobain, Kingspan, Rockwool, BASF

Market Overview:

External wall insulation board is a building material used for insulation of exterior walls of residential and non-residential buildings. It helps in regulating indoor temperature and minimizing consumption of energy for heating and cooling.

Market Dynamics:

The external wall insulation board market is expected to grow at a significant pace during the forecast period. This is majorly attributed to rise in construction activities across developing countries such as India and China. According to International Monetary Fund, the global construction market is projected to reach $8 trillion by 2030, registering a CAGR of over 4% during 2022-2030. Additionally, implementation of strict regulations regarding energy-efficiency of buildings is also fueling demand for external wall insulation boards in developed nations like the U.S. and countries in Western Europe. Moreover, growing awareness about greenhouse gas emission reduction and sustainable construction practices is further propelling the market growth.

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Major market players included in this report are:

★ Saint-Gobain
★ Kingspan
★ Rockwool
★ BASF
★ Johns Manville
★ Knauf Insulation
★ Owens Corning
★ Paroc
★ Dow Building Solutions
★ GAF Materials

*Disclaimer: Major Players are sorted in no particular order.

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)

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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👉 Market Drivers

✦ Construction and Renovation Projects are on Rise

The upcoming construction and renovation projects for both commercial and residential buildings across the globe are expected to propel the demand for external wall insulation boards market in the coming years. According to International Energy Agency, the building sector accounts for over 30% of total final energy consumption globally. To improve the energy efficiency of buildings, insulation of external walls is gaining more importance which is significantly boosting the sales of external wall insulation boards. Various government schemes and incentives for green buildings are further encouraging the construction of energy efficient buildings using insulation materials like external wall insulation boards.

✦ Stringent Energy Efficiency Regulations

With growing environmental concerns, governments across the world are implementing stringent regulations regarding energy consumption of buildings. For example, European Union's Energy Performance of Buildings Directive made it mandatory for all new buildings to be nearly zero-energy buildings by end of 2020. Similarly, countries like USA, Canada, China, India etc. have also introduced stricter building energy codes. To meet these new codes and norms, installation of effective insulation system for walls is critical. As external wall insulation provides excellent thermal insulation and moisture protection, the demand for external wall insulation boards is expected to rise substantially over the coming years to help builders and construction firms comply with new energy efficiency mandates.

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👉 Market Restraint

✦ High Initial Costs Compared to Traditional Construction Materials

One of the major restraint hampering the growth of external wall insulation boards market is their higher upfront costs compared to conventional thermal insulation materials like mineral wool, glass wool etc. External wall insulation requires additional expenses for installation of support systems, rendering and painting which increases the project costs. This deters many builders, homeowners and renovation contractors who have limited budgets. Traditional building techniques involving internal wall insulation are more affordable although they have lower insulation capability over the lifetime of buildings. However, with growing awareness about long term savings on energy bills with efficient insulation, this restrain is expected to have a moderate impact on the market.

👉 Market Opportunity

✦ Renovation of Aging Infrastructure

The aging infrastructure in developed regions especially in North America and Europe presents a major business opportunity for external wall insulation boards market. Large number of residential and commercial buildings in these regions are over 30-50 years old and require renovation and energy efficient upgrades. According to European Commission, renovation rate of existing buildings needs to increase to around 2-3% annually to achieve emission reduction targets. External wall insulation is ideal solution to cost-effectively renovate aging building stocks and improve their thermal performance. This provides material suppliers an opportunity to tap into lucrative renovation and retrofitting market by effective marketing campaigns emphasizing life cycle cost savings through insulation. With government support growing for green renovations, this opportunity is likely to boost the sales of external wall insulation significantly in coming years.

👉 Market Trends

✦ Development of Innovative Products

Growing competition in external wall insulation boards market has prompted manufacturers to invest heavily in research and development of advanced and innovative product varieties. Some of the key ongoing trends include development of insulation boards made of recycled materials, boards offering fire protection, moisture resistant boards for humid climates and boards integrating solar panels or BIPV (Building Integrated PV) systems. Recently, few manufacturers have also launched insulation boards made of biodegradable materials. Such green and advanced insulation solutions are gaining rapid acceptance among builders looking for sustainable building materials. By offering specialized and value-added products, companies stand to gain competitive edge over others. This in turn will drive continued innovation in properties and features of external wall insulation boards in the future.

Key Questions

• How much revenue will the global External Wall Insulation Board Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall External Wall Insulation Board Market?

• What are the indicators expected to drive the global External Wall Insulation Board Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global External Wall Insulation Board Market to expand their geographical presence?

• What are the major advancements witnessed in the global External Wall Insulation Board Market?

• This report answers these questions and more about the global External Wall Insulation Board Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global External Wall Insulation Board Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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