Exterior Insulation and Finish System (EIFS) Market Size, Share, Trends 2030

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).

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Introduction

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.

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Market Growth Dynamics

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

Middle East & African Market To Register Highest CAGR Over 2020-2026

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.

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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.

The global exterior insulation and finish system (EIFS) market is segmented as follows:

By product type:

• PB (Polymer-based)
• PM (Polymer-modified)

By insulation material:

• EPS (Expanded polystyrene)
• MW (Mineral wool)
• Others

By component:

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

By end-use industry:

• Residential
• Non-residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa