External thermal insulation composite system sales are expected to increase globally throughout the estimated period at a CAGR of 4.0%. The greatest solution for long-term and energy-efficient thermal insulation of outside walls and cladding in both newly constructed and restored buildings is the external thermal insulation composite system (ETICS).
The amount of hazardous fumes or smoke produced by ETICS, which are made entirely of minerals with non-flammable qualities, is reduced in the event of a fire. In actuality, the raw mineral components are flame-resistant. The elements of an ETIC sheet also stop fungus and algae from developing on the facade.
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When considering the COVID-19 epidemic's effects, the construction industry is particularly susceptible. Particularly in the early months of the epidemic, many construction projects were classified as critical industries. Both the utilization of public funds for infrastructure upgrades and the state of the nation's economy as a whole pose a serious danger to the market.
Governments and other international organizations' interest on reducing global warming has larger implications for the use of external thermal insulation composite systems. Unsustainable rates of global warming have heightened the need for people to assume more responsibility for reducing their carbon footprints. In an effort to reduce the pace of carbon emissions, several countries have set reduction objectives.
The need for external thermal insulation is influenced by energy market conditions. The primary factors influencing the adoption of external thermal insulation are the growing energy crisis, the cost of doing so, and the need to lessen the effects of global warming brought on by fossil fuels. By using better insulation and raising the level of comfort, knowledge and technology have greatly decreased the amount of energy consumed by end uses today.
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EXTERNAL THERMAL INSULATION COMPOSITE SYSTEM MARKET SEGMENTATION
• Insulation Board
• Mechanical Fastener
• Reinforcing Mesh
• Finish Coat
By End Use
• North America
• Asia Pacific (APAC)
• Latin America
• Middle East & Africa
KEY COMPANIES IN EXTERNAL THERMAL INSULATION COMPOSITE SYSTEM MARKET
The research report offers a competitive analysis of prominent companies operating in the global external thermal insulation composite system market. Some of the leading players profiled in the market research report include:
• Nippon Paint Holdings
• Wacker Chemie
• BASF Neopor
• Berger Paints India Ltd.
• URSA Insulation
• Sika AG
• Other Players
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