Global Exterior Insulation and Finish System (EIFS) Market is Expected to Reach USD 152.62 Billion by 2026 : Fior Markets

Exterior Insulation and Finish System (EIFS) Market by Product Type (PB, PM), Insulation Material, Component, End User, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026

| Source: Fior Markets Fior Markets

New Jersey, NJ, July 29, 2019 (GLOBE NEWSWIRE) -- Fior Markets launched a study titled, "Exterior Insulation and Finish System (EIFS) Market by Product Type (PB, PM), Insulation Material, Component, End User, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026". As per the report, the global exterior insulation and finish system (EIFS) market is expected to grow from USD 61.02 Billion in 2018 to USD 152.62 Billion by 2026, at a CAGR of 12.14% during the forecast period from 2019-2026. Growing demand for thermal insulation in residential and non-residential construction coupled with implementation of stringent regulations for reducing the greenhouse gas emissions are anticipated to drive the global EIFS market over the forecast period.

Market Outlook of the Exterior Insulation and Finish System (EIFS)

  • According to the definitions of the International Building Code and ASTM International, an exterior insulation and finish system (EIFS) is a nonload 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. EIFS provides exterior walls with an insulated, water-resistant, finished surface in an integrated composite material system.
  • EIFS are mainly utilized due to their insulating qualities to reduce thermal loads on the exterior building wall and the light weight, low cost, and the ability of the system to be sculpted into shapes and patterns to achieve different aesthetic effects. Thus, growing demand for thermal insulation in residential and non-residential construction coupled with implementation of stringent regulations for reducing the greenhouse gas emissions are anticipated to drive the global EIFS market over the forecast period.                                              
  • Although the factors such as growing emphasis on the reduction of greenhouse gases, Focus on energy efficiency are driving the global exterior insulation and finish system (EIFS) market. The availability of green insulation material coupled with lack of awareness pertaining advantages of insulation are projected to dampen the growth of the market over the forecast period.
  • However the growing adoption of green building codes and rebates and tax credits policies for EIFS is estimated to increase the global exterior insulation and finish system (EIFS) market size in the forthcoming years.

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Product type Segment Analysis of the Exterior Insulation and Finish System (EIFS) Market

  • Polymer-Based (PB)
  • Polymer-Modified (PM)

The ability of PB EIFS to incorporate additional layers of base coat and reinforce mesh in order to achieve higher impact resistance is anticipated to lead the segment to grow at an accelerated CAGR of 14.21% over the forecast period. Polymer-Based (PB) materials provide a level of high thermal insulation and is cost effective.

Insulation material Segment Analysis of the Exterior Insulation and Finish System (EIFS) Market

  • Expanded Polystyrene (EPS)
  • Mineral Wool (MW)
  • Others

Owing to the increasing worldwide trend for adoption of exterior wall insulation systems coupled with cost-effectiveness and high thermal insulation properties, the expanded polystyrene (EPS) dominated the market with USD 24.14 billion revenue in 2018.

Component Segment Analysis of the Exterior Insulation and Finish System (EIFS) Market

  • Adhesive
  • Insulation board
  • Base coat
  • Reinforcement
  • Finish coat

As it enshrines the EIFS systems with an improved impact resistance and durability, the reinforcement component segment is projected to grow the highest CAGR of 14.18% over the forecast period. Reinforce component enshrines the EIFS systems with an improved impact resistance and durability.

End User Segment Analysis of the Exterior Insulation and Finish System (EIFS) Market

  • Residential
  • Non-residential
    • Industrial Buildings
    • Commercial Buildings
    • Others

The non-residential end user segment dominated the market with USD 38.34 billion revenue in 2018. This increased market share can be attributed to the growing acceptance EIFS into no-residential segment for providing thermal insulation and water resistance.

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Region Segment Analysis of the Exterior Insulation and Finish System (EIFS) Market

  • North America (U.S. , Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
  • Asia-Pacific (China, Japan India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

The Europe region emerged as the largest market for the exterior insulation and finish system (EIFS) with a 43.61% share of market revenue in 2018. Improving economic condition coupled with growing emphasis on energy efficiency as well as growing demand for the thermal insulation materials, were some of the factors that led Europe region to dominate the demand for the exterior insulation and finish system (EIFS) in 2018. The Middle East and Africa region is projected to grow at an accelerated CAGR of 14.25% over the forecast period.  The rising demand for advanced facade systems for building protection and insulation coupled with adoption green building norms in the Middle East & Africa region is expected to drive the global EIFS market over the forecast period.

Competitive landscape and key vendors

  • Major players in the global exterior insulation and finish system (EIFS) market are BASF SE, 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, Terraco Group, and among others.
  • In order to their enhance market position, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership. For instance in 2018, Owens Corning acquired Guangde SKD Rock Wool Manufacture Co., Ltd., a mineral wool manufacturer in China. SKD produces mineral wool insulation for the building and technical insulation market. With this acquisition, Owens Corning now has 7 insulation manufacturing facilities across China, providing a full temperature range of products including fiberglass, extruded polystyrene foam, cellular glass, and mineral wool insulation.

About the report:

The global exterior insulation and finish system (EIFS) market is analysed on the basis of value (USD Billion), volume (Million Square Feet), consumption (Million Square Feet), imports (Million Square Feet) and exports (Million Square Feet). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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