Global Exterior Insulation and Finish System (EIFS) Market Overview and Scope by 2030

The Exterior Insulation and Finish System (EIFS) Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, major production and consumption, ecosystem analysis, competitive landscape, and market composition analysis.

Rising demand for energy efficient thermal insulation system to drive market demand for Exterior Insulation and Finish System (EIFS)

International Building Code and ASTM International defines Exterior Insulation and Finish System (EIFS) as “a non-load bearing, exterior wall cladding system that consists of an insulation board attached either adhesively or mechanically, or both, to the substrate; an integrally reinforced base coat; and a textured protective finish coat.” These systems offer a reliable cladding systems for the construction industry in residential, commercial and industrial settings. Compared to other forms of cladding such as brick, stucco, and cementitious fiberboard siding, EIFS deliver high performance in thermal and moisture control, and thus are being increasingly adopted across the globe for protection against rain and cold. Fueled by the rising concerns over energy consumption and greenhouse gas emissions by heating, ventilation and cooling systems, the governments of major economies such as China, the U.S. and the EU are emphasizing on adoption of low energy consuming thermal insulation products and systems. This is anticipated to offer prominent opportunities for EIFS market across these geographies during forecast years.

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High performance and low carbon foot print to drive the polymer based EIFS market over forecast years

The Exterior Insulation and Finish System (EIFS) market study is segmented based on product type, insulation material, component, end use, and geography. Based on product type the market is segmented into Polymer Based and Polymer Modified. The polymer based EIFS are the most popular form of exterior insulation and finish system and contributed a major share to the global EIFS market in 2018. The polymer based EIFS are thin and offers high performance as compared to the polymer modified EIFS and thus are anticipated to grow at a steady CAGR over the forecast period.

Growing commercial infrastructure is anticipated to offer prominent opportunities to exterior insulation and finish system (EIFS) market

Based on end use, the market is segmented into residential, commercial and industrial. The commercial applications of EIFS dominated the market over last decade. Moreover, the commercial use of EIFS is anticipated to be the fastest growing market segment owing to increasing number of commercial buildings during forecast period. Additionally, residential use of EIFS is anticipated to witness prominent growth in coming years owing to rising requirements from Eastern European countries and Asia counties.

Based on geography, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the market in 2018 and is anticipated to be the largest market throughout the forecast period owing to rising demand for thermal insulation products across the region. North America is anticipated to witness prominent growth owing to increased demand fueled by expanding commercial and non-commercial buildings in the United States and Canada.

Major players operating in the global Exterior Insulation and Finish System (EIFS) market include BASF, Saint-Gobain, Wacker Chemie AG, Sto SE & Co KGaA, Owen Corning, Dryvit Systems Inc., Master Wall, Inc., Parex USA, Inc., Rmax, Durabond Products Limited, Durock Alfacinf International, Adex Systems, Omega Products International, and Terraco Group.

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