30-Sep-2020 | Zion Market Research
As per the researchers at Zion Market Research, the valuation of the global exterior insulation and finish system (EIFS) market was around USD 62.09 billion in 2019 and is anticipated to attain around USD 123.79 billion by 2026. The global exterior insulation and finish system (EIFS) market is estimated to expand at around 12.31% CAGR during the forecast period. The prominent players active in the exterior insulation and finish systems (EIFS) market consist of RMAX, Aliva UK Ltd., BASF Corporation, Parex USA, Inc., Dryvit Systems, Inc., Lafargeholcim Ltd, Sto Corp., Saint-Gobain Weber, and The Dow Chemical Company. The major factors expected to influence the market positively are the increasing stipulation from non-residential and residential structures for thermal insulation. Further, strict rules to decrease the emission of greenhouse gas and the existence of strict building energy regulations are also anticipated to fuel the growth of the global exterior insulation and finish system (EIFS) market during the forecast period. Nevertheless, the availability of green insulation materials might hamper market growth to some extent.
Expanded Polystyrene (EPS) And Polymer-Based (PB) Segments Anticipated To Witness Substantial Growth
During the forecast period, the PB segment is anticipated to display a greater CAGR. Additional base coat layers can be integrated by PB EIFS and also strengthen mesh to attain greater impact resistance. Further, EPS is utilized by it as an insulation material that offers cost efficiency and high thermal insulation. In turn, all these parameters are expected to drive the segmental growth.
The expanded polystyrene (EPS) segment, based on insulation material, is estimated to witness a substantial growth rate during the years to come. The segmental growth can be attributed to factors such as the reasonable pricing of EPS material together with enhanced thermal insulation and the rising trend of implementing exterior wall insulation systems.
The Middle East & Africa Anticipated To Show Greatest CAGR During The Forecast Period
In 2018, the biggest share in the global exterior insulation and finish system (EIFS) market was registered by Europe. The regional expansion can be attributed to the enhancing economic conditions, increasing number of principles in building codes, unremitting enhancements in government budgets, constructive demographic position like the growing per capita income & rising population, and the budding non-residential & residential industry in Europe. Further, the Middle East & Africa is also anticipated to expand at the greatest CAGR in the years to come. The Middle Eastern countries are highly developed in terms of expenditure & per capita income and have displayed substantial expansion in construction activities. The growing need for sophisticated façade systems for the safety of building together with energy-competent green buildings within the Middle Eastern & African nations is projected to fuel the global exterior insulation and finish system (EIFS) market during the forecast period.
Browse the full “Global Exterior Insulation and Finish System (EIFS) Market - By Insulation Material (MW And EPS), By Product Type (PM And PB), By End-Use Industry (Non-Residential And Residential), By Component (Insulation Board, Adhesive, Reinforcement, Base Coat, And Finish coat), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/exterior-insulation-and-finishing-system-market
The global exterior insulation and finish system (EIFS) market is segmented as follows:
By product type:
By insulation material:
By end-use industry:
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