The market for Exterior Insulation and Finish System is approximated to be USD 99.2 billion in 2023, and it is projected to reach USD 160.3 billion by 2028, at a CAGR of 10.1%.
Exterior insulation and finish system is basically a construction material which is an excellent option for the sustainable thermal insulation of external walls or cladding. It is also known as ETICS (external thermal insulation composite system). It is a multi-layered, non-load bearing, lightweight exterior cladding system. In both new building and remodeling projects, ETICS/EIFS lowers energy expenses, fossil fuel usage, and carbon-di-oxide emissions because it prevents heat from escaping through the walls.
Exterior insulation and finish system provide insulation, finishing, and waterproofing the building's external walls and facades. These basically provide a type of artificial wall covering that typically consists of foam, plastic insulation, and a coating. These systems are often installed on a building's exterior walls by utilizing a gypsum board attached by an adhesive solution.
The demand for Exterior insulation and finish system is furnished by global players manufacturing for various end-use sectors. Some of the leading companies involved in the manufacturing of Exterior insulation and finish system are BASF SE (Germany), Saint-Gobain (France), Wacker Chemie AG (Germany), Sto SE & Co. KGaA (Germany), and Owens Corning (United States). These companies, along with other regional companies, cater to the demand for exterior insulation and finish system globally.
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BASF SE (Germany) is world’s one of the top chemical companies. It is engaged in the production and sales of a wide range of chemicals and intermediate solutions. It operates through six business segments - Chemicals, Materials, Industrial solutions, Surface technologies, Nutrition & Care, and Agricultural solutions. BASF SE operates through 239 production facilities across the globe, and in more than 90 countries through its subsidiaries. While it primarily operates in Europe the company also has an active presence in North America, Asia Pacific, South America, Africa, and the Middle East.
Saint-Gobain (France) is one of the leaders in the construction and chemical markets. It designs, manufactures, and distributes building and high-performance materials. It manufactures and sells products and solutions that are required in all aspects of day-to-day lives and living spaces. The company is organized into five units: four regional businesses (Northern Europe, Southern Europe and Middle East & Africa, Americas, and Asia Pacific) and a global High-Performance Solutions unit. The company’s major brands, i.e., Weber and Adfors are involved in the manufacturing of insulation systems.
Wacker Chemie AG (Germany) is a specialist in the in the production and marketing of chemical products. It operates though the Silicones, Polymers, BioSolutions, Polysilicon, and other segments. Silicones and silicone rubber are included in the Silicones segment and are used in construction materials, chemicals, consumer goods, and energy and electronics applications. Wacker Chemie has 27 production sites in Europe, the Americas, and Asia, and 52 sales offices worldwide.
Other companies have initiated the following developments:
Exterior Insulation and Finish System (EIFS) Market by Product Type (PB, PM), Insulation material (EPS, MW), Component (Adhesive, Insulation board, Base coat, Reinforcement, Finish coat), End-use industry, and Region - Global Forecast to 2023
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