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| Global External Wall Insulation Board Market Size |
External wall insulation board (EWIB) are durable insulation boards installed
on external walls of buildings for insulating them. EWIB helps inhibit heat
transfer between indoor and outdoor environments through walls, improving
energy efficiency and lowering bills. They provide thermal, moisture, and
acoustic insulation to walls. EWIB systems improve building envelopes' water
resistance and durability.
The global
external wall insulation board market is estimated to be valued at US$ 8.46 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Opportunity:
Rising need for energy-efficient buildings presents a key opportunity for the
external wall insulation board market. Stringent regulations aimed at reducing
greenhouse gas emissions are compelling building owners and developers to
incorporate efficient insulation solutions. According to the European Union,
buildings account for 40% of energy consumption and 36% of carbon dioxide
emissions annually. Retrofitting existing building stock with EWIB offers major
savings potential. Insulating external walls with EWIB can reduce heat loss by
over 25% compared to uninsulated walls. Growing focus on green construction to
mitigate climate change will drive demand for EWIBs as a cost-effective means
of enhancing building energy-performance.
Porter's Analysis
Threat of new entrants: High capital requirements and established brand image
of existing players make entry difficult for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of substitutes.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power
due to availability of substitute raw materials.
Threat of new substitutes: Threat is moderate as builders are gaining awareness
of substitutes like EPS boards.
Competitive rivalry: Intense due to technological advancements and established
supply chains of major players.
SWOT Analysis
Strength: High thermal insulation properties, durability and moisture
resistance of EWIB.
Weakness: Higher costs than alternatives, heavy weight affecting
transportation.
Opportunity: Growing construction industry worldwide and government initiatives
for energy efficient buildings.
Threats: Economic slowdowns reducing construction activities and rising raw
material costs.
Key Takeaways
Global
External Wall Insulation Board Market Size is expected to witness high
growth during the forecast period owing to increasing awareness about energy
conservation. The global external wall insulation board market is estimated to
be valued at US$ 8.46 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period
2023 to 2030.
The European
region currently dominates the market and is expected to continue its dominance
in the coming years led by countries like Germany, Poland and UK. Asia Pacific
region comprises rapidly growing construction industry in countries like China
and India will boost market growth.
Key players
operating in the market are Etex Group, Elementia Materials, Everest Industries
Limited, James Hardie Industries PLC, Johns Manville, Knauf Gips KG,
Saint-Gobain, BetonWood Srl, Cembrit Holding A/S, HIL Limited, GAF, and NICHIHA
Co. Ltd.
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