The global Exterior Insulation and Finish System (EIFS) market, which was estimated at 62.09 (USD Billion) in 2019 and is anticipated to hit 123.79 (USD Billion) by 2026, is set to record a CAGR of nearly 12.31% over 2020-2026. Exterior Insulation and Finish System (EIFS) industry share by product type, insulation material, component, end-user and region.
The global Exterior Insulation and Finish System (EIFS) market, which was estimated at 62.09 (USD Billion) in 2019 and is anticipated to hit 123.79 (USD Billion) by 2026, is set to record a CAGR of nearly 12.31% over 2020-2026. The report offers valuation and analysis of Exterior Insulation and Finish System (EIFS) market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Exterior insulation and finish system is a collection of non-load bearing wall cladding systems providing exterior part of walls with water-resisting, decorative, insulated, and finished surface. In addition to this, these systems were used on masonry constructions in North America and Europe during 1960s. Even recently, these EIFS systems are used on houses, grocery stores, apartments, office parks, government buildings, commercial units, and condominiums. These systems provide strong insulation to the wall exterior by Insulation Material plaster like covering. Most of these systems offer protection to the structures from water penetration. They are produced from lightweight as well as synthetic materials.
The exterior insulation and finish system industry growth over the estimated timespan can be attributed to growing need for enhancing energy efficiency along with strict laws governing the GHG emissions in the atmosphere across the globe. In addition to this, tax subsidies and focus of the government on constructing green buildings will further add towards the surge in the market expansion over the forthcoming years.
Furthermore, escalating demand of EIFS systems in residential as well as non-residential sectors for reinforcing thermal insulation will steer the growth of the market over the years to come. Nonetheless, easy access to eco-friendly insulation products at reasonable costs will impede the industry progression over the forecasting years.
Exterior Insulation and Finish System (EIFS) Market Report Scope
Report Attributes | Report Details |
---|---|
Report Name | Exterior Insulation and Finish System (EIFS) Market Research Report |
Market Size in 2019 | 62.09 (USD Billion) |
Market Forecast in 2026 | 123.79 (USD Billion) |
Compound Annual Growth Rate | CAGR of 12.31% |
Number of Pages | 183 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Lafargeholcim Ltd, RMAX, Saint-Gobain Weber, Dryvit Systems, Inc., Aliva UK Ltd., Sto Corp., BASF Corporation, Parex USA, Inc., and The Dow Chemical Company. |
Segments Covered | By Product Type, Insulation material, Component, End Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2019 |
Historical Year | 2018 - 2022 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in the Middle East & African Market over the estimated timespan is due to rise in the construction activities along with enforcement of strict laws governing GHG emissions in the atmosphere. In addition to this, massive need of new façade systems along with easy availability of labor at reasonable costs will prompt the growth of exterior insulation and finish systems (EIFS) market in the sub-continent over the forecast timespan. Escalating need for thermal insulation in the countries of Africa and Middle East due to hot climate will further elevate the expansion of the exterior insulation and finish systems industry landscape over the forecasting timeline.
Key players influencing the market growth include Lafargeholcim Ltd, RMAX, Saint-Gobain Weber, Dryvit Systems, Inc., Aliva UK Ltd., Sto Corp., BASF Corporation, Parex USA, Inc., and The Dow Chemical Company.
By product type:
By insulation material:
By component:
By end-use industry:
By Region
FrequentlyAsked Questions
The exterior insulation and finish system industry growth over the estimated timespan can be attributed to growing need for enhancing energy efficiency along with strict laws governing the GHG emissions in the atmosphere across the globe. In addition to this, tax subsidies and focus of the government on constructing green buildings will further add towards the surge in the market expansion over the forthcoming years. Furthermore, escalating demand of EIFS systems in residential as well as non-residential sectors for reinforcing thermal insulation will steer the growth of the market over the years to come.
According to Zion Market Research Report, The global Exterior Insulation And Finish System (EIFS) Market, which was estimated at 62.09 (USD Billion) in 2019 and is anticipated to hit 123.79 (USD Billion) by 2026, is set to record a CAGR of nearly 12.31% over 2020-2026.
The Middle East and African region is likely to make noteworthy contributions towards overall market revenue. The growth in the region over 2020-2026 is attributed to rise in the construction activities along with enforcement of strict laws governing GHG emissions in the atmosphere. In addition to this, massive need of new façade systems along with easy availability of labor at reasonable costs will prompt the growth of exterior insulation and finish systems (EIFS) market in the sub-continent over the forecast timespan.
The key players profiled in the report include 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 players are trying to introduce are focusing on various branding & promotional activities to enhance their brand image and positioning in the market. These firms are adopting various positioning strategies like stealth positioning to increase their profits. Apart from this, these firms are exploring new business growth opportunities in countries with untapped market growth potential.
The global Exterior Insulation and Finish System (EIFS) market, which was estimated at 62.09 (USD Billion) in 2019 and is anticipated to hit 123.79 (USD Billion) by 2026
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