The global exterior insulation and finish system market size is expected to reach USD 246.20 billion by 2032, according to a new study by Polaris Market Research. The report “Exterior Insulation and Finish System Market Share, Size, Trends, Industry Analysis Report, By Type (Polymer-based, Polymer-modified); By Insulation Material; By End-use; By Component; By Thickness; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for house security and the energy efficiency benefits of insulated building envelopes are driving the market's growth. Studies have shown that insulated walls, including those utilizing EIFS, can save 84–87% of cooling demand compared to non-insulated walls. Cellulose fiber insulators have been found to consume the least energy, further contributing to market growth. By providing enhanced thermal insulation, EIFS improves energy efficiency and creates a more comfortable and secure indoor environment, aligning with the increasing need for energy savings and house security.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/exterior-insulation-and-finish-system-market/request-for-sample
The rising demand for electricity for space cooling in buildings and the need for improved energy efficiency drive the market's growth. The average efficiency of air conditioners globally purchased by consumers has been steadily improving, indicating a growing recognition of the importance of energy-efficient cooling solutions. As urbanization and economic development continue to rise, the demand for space cooling in buildings is expected to surge. According to projections, global electricity demand for space cooling could rise by as much as 40% by 2030. This increase in cooling demand presents a significant challenge in terms of energy consumption and greenhouse gas emissions. To address this challenge, a growing focus is on improving the energy efficiency of buildings and cooling systems.
Exterior Insulation and Finish System Market Report Highlights
Polaris Market Research has segmented the exterior insulation and finish system market report based on type, insulation material, end-use, component, thickness and region:
Exterior Insulation and Finish System, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Exterior Insulation and Finish System, Insulation Material Outlook (Revenue - USD Billion, 2019 - 2032)
Exterior Insulation and Finish System, End-use Outlook (Revenue - USD Billion, 2019 - 2032)
Exterior Insulation and Finish System, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Exterior Insulation and Finish System, Thickness Outlook (Revenue - USD Billion, 2019 - 2032)
Exterior Insulation and Finish System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 111 billion |
Revenue forecast in 2032 |
USD 246.20 billion |
CAGR |
10.50% from 2024 - 2032 |
Base year |
2023 |
Historical data |
2019 - 2022 |
Forecast period |
2024 - 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
By Type, By Insulation Material, By End-use, By Component, By Thickness, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key companies |
STO, Dryvit Systems, BASF, Parex Group, Sika, Master Builders Solutions, Durabond Products, Omega Products International, Durock Alfacol Srl, JUB d.o.o., Baumit, Ceresit a Henkel Brand, Parex USA, Adex Systems, Caparol, Wacker Chemie, Marmoran Coatings, Arcat, E.I.F.S. DEPOT, EWI Pro, Synergy Insulations. |
For Specific Research Requirements |