Global Exterior Insulation and Finish System (EIFS) Market to Grow at a CAGR over 13.16% from 2018 to 2025

Researchstore.biz launched a study titled “Global Exterior Insulation and Finish System (EIFS) Market by Product Type (Polymer-Based, Polymer-Modified), Insulation Material (Expanded Polystyrene (EPS), Mineral Wool, Other), Component (Adhesive, Insulation Board, Base Coat, Reinforcement, Finish Coat), End-Use Industry (Residential, Non-Residential), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.

The global exterior insulation and finish system (EIFS) market is expected to grow from USD 55.72 Billion in 2017 to USD 149.81 Billion by 2025 at a CAGR of 13.16% during the forecast period from 2018-2025. Major drivers that fuel the growth of exterior insulation and finish system (EIFS) market are:

Policies for reducing greenhouse gas emission
Decrease in energy consumption and its related cost
Existence of stringent building energy codes
Rebates and tax credits

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Market Summary:
Exterior insulation and finishing system (EIFS) are also known as synthetic stucco that are used in providing multi-layered exterior finish to the construction. EIFS provide layers to bond wall covering that is weather resistant and vapor permeable. It is also used in cladding suffered damage walls or roofs from water intrusion and can be molded in any shapes, colours, and textures. ​EIFS are energy-efficient and can be used in new construction as well as in recladding applications.

Policies for reducing greenhouse gas emission and decrease in energy consumption and its related cost is anticipated to drive exterior insulation and finish system (EIFS) market:
Policies for reducing greenhouse gas emission and decrease in energy consumption and its related cost are the key driving factors for the exterior insulation and finish system (EIFS) market. In addition, existence of stringent building energy codes and rebates & tax credits will lead the growth of exterior insulation and finish system (EIFS) market in a couple of years. The availability of green insulation material may limit the growth of the market. However, policies & regulations for adoption of EIFS is expected to boost the exterior insulation and finish system (EIFS) market over the forecast period.

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Segmentation Analysis:
The global exterior insulation and finish system (EIFS) market is segmented on the basis of product type, insulation material, component, end-use industry, and regions.

Polymer-based segment is anticipated to reach market share of 58.21% during the forecast period
Product type segment includes polymer-based and polymer-modified. Polymer-based segment is anticipated to grow with the highest CAGR over the forecast period. The polymer-based EIFS provides additional layers of base coat and strengthens the material to provide higher impact resistance which is the key factor to drive the demand of polymer-based segment

Expanded polystyrene (EPS) segment valued around USD 20.57 Billion in 2017.
Insulation material segment covers expanded polystyrene (EPS), mineral wool, and other. Expanded polystyrene (EPS) segment is anticipated to grow with the highest CAGR. The EPS are cost-effective and offers high thermal insulation that has led to an increase in the market share of EPS segment.

Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe held the largest market share of approximately 29.95% in 2017. Increasing population, rising per capita income and the growing residential & non-residential industries has led to the growth of exterior insulation and finish system (EIFS) market in this region.

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Competitive Analysis:
The major players of exterior insulation and finish system (EIFS) market include BASF Corporation, RMAX, Dryvit Systems, Inc., Lafargeholcim Ltd, Parex USA, Inc., Sto Corp., The Dow Chemical Company, Dryvit Systems Inc., Saint-Gobain Weber, Owen Corning, Master Wall, Inc., Rmax, Omega Products International, Terraco Group, and Aliva UK Ltd.

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