by The External Wall Insulation Board market has become increasingly important as buildings seek higher energy efficiency through improved insulation. External wall insulation boards provide superior protection against thermal fluctuations when affixed to external walls. Made from rigid foam panels reinforced with glass or mineral fibers, they insulate buildings, regulate humidity and moisture levels, improve fire resistance, and offer an aesthetically pleasing finished facade.
Global External Wall Insulation Board Market is estimated to be valued at US$ 9.75 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period from 2024 to 2030.
Key players operating in the External Wall Insulation Board 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. These companies collectively hold a major share of the market owing to their wide product portfolio and global presence. With the increasing demand for energy efficient buildings, key players are investing in enhancing their production capacities and expanding into new geographies to tap the growing opportunities.
The demand for external wall insulation boards is growing significantly owing to mandatory regulations regarding energy efficiency of buildings and rising awareness about savings on energy bills. Rapid urbanization and growth in construction activities especially in Asia Pacific and Europe is further augmenting the consumption of these boards. Various government initiatives and building codes incentivizing the use of green building materials are also propelling the market growth.
Global expansion is another key trend being witnessed in the external wall insulation boards market. Leading manufacturers are adopting strategies like mergers and acquisitions to strengthen their foothold across international markets. For instance, Elementia’s acquisition of Cementos Fortaleza expanded its product portfolio and distribution network in Latin America. Similarly, Saint Gobain ventured into new regions like Asia Pacific and the Middle East through partnerships andJoint ventures.
Sustainable insulation becomes a key trend in the External Wall Insulation Boards Market Demand . With growing environmental consciousness, manufacturers are increasingly focusing on developing bio-based and recycled content insulation boards. Along with enhanced thermal performance, these sustainable products allow builders to gain on sustainability certifications and credits for green buildings. legislations mandating reduced carbon footprint and eco-friendly attributes are expected to further propel the demand.
Porter’s Analysis
Threat of new entrants: The external wall insulation board market requires high initial costs and long-term relationships with suppliers and customers, posing significant barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and competition among existing players.
Bargaining power of suppliers: A few large suppliers exist with specialized manufacturing processes, providing them higher bargaining power.
Threat of new substitutes: Substitutes include insulated panels, but they don’t provide the same performance and advantages in terms of insulation and fire resistance.
Competitive rivalry: The market is growing steadily with the presence of major players competing on product quality, features, and pricing.
Geographical Regions
Europe accounts for the largest share of the external wall insulation board market, valued at over US$ 5 Bn in 2024 due to stringent government norms and awareness about energy-efficient buildings.
Asia Pacific is poised to grow at the fastest pace till 2030, driven by ongoing construction activities and infrastructure development projects in countries such as China and India. The region’s market is estimated to expand at a CAGR of around 7% during the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
