LUTON, Bedfordshire, UK, March 01, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and released the final copy of the detailed research report on the exterior insulation and finishing systems market.
The globe Market for exterior insulation and finishing systems Size is expected to grow at 8.06% CAGR from 2023 to 2029. It is expected to reach over $112.08 billion by 2029, up from $55.78 billion in 2022. The Exterior Insulation and Finishing Systems (ETICS) market is a growing industry that provides a complete exterior wall system for buildings , including insulation, water resistance and an attractive finish. The system consists of a layer of insulating board, a reinforcing mesh and a synthetic stucco or acrylic surface. ETICS is a popular choice for residential and commercial buildings due to its energy efficiency, durability and aesthetics.
The market for ETICS is determined by a growing demand for energy-efficient building materials and the desire for low-maintenance facades. The system provides excellent thermal insulation that can help reduce energy costs and improve building performance. EIFS also offers a wide range of design options including different colours, textures and finishes, making it a versatile choice for architects and builders.
The ETICS market is segmented on the basis of components, insulation materials and geography. The main components of the system include insulation board, adhesive, reinforcing mesh, base coat and finish coat. The insulation materials most commonly used in ETICS are expanded polystyrene (EPS), extruded polystyrene (XPS) and mineral wool. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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