Exterior insulation and finish systems is an integrally reinforced base coat and a textured protective finish coat. Exterior insulation and finish systems are specific type of continuous insulations. Rising demand for exterior insulation and finish system from construction industries owing to stringent energy efficiency directives and regulations globally is a major factor driving growth of the global exterior insulation and finish system market. However, availability of alternative green insulation materials is a key factor hampering growth of the target market.
The global exterior insulation and finish system market is segmented on basis of product type, insulation material, component, end-use industry, and region. On the basis of product type, the target market is segmented into PB (polymer-based) and PM (polymer-modified). The PB (polymer-based) segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period.
On the basis of insulation material, the global market is segmented into EPS (expanded polystyrene) and MW (mineral wool). On the basis of component, the target market is segmented into adhesive, insulation board, base coat, reinforcement, and finish coat. On the basis of end-use industry, the global market is segmented into residential and non-residential.
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Based upon region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is accounted for highest share in terms of revenue in the global exterior insulation and finish system market, in 2017. The market in Middle East & Africa is expected to register significant revenue growth; whereas the Latin America exterior insulation and finish system market is expected to witness moderate growth in the global market over the next 10 years.
Some prominent players in the global exterior insulation and finish system market are BASF SE, Saint-Gobain S.A., Wacker Chemie AG, STO SE & Co KGaA, Owens Corning, Dryvit Systems Inc., Master Wall Inc., Parex USA, Inc., SFS Group AG., and Rmax Technologies LLC.