Exterior Insulation and Finish System (EIFS) Market worth $108.11 billion by 2023

The report "Exterior Insulation and Finish System (EIFS) Market by Product Type (PB, PM), Insulation material (EPS, MW), Component (Adhesive, Insulation board, Base coat, Reinforcement, Finish coat), End-use industry, and Region - Global Forecast to 2023", The EIFS market size is projected to grow from USD 60.68 billion in 2018 to USD 108.11 billion by 2023, at a CAGR of 12.24%. This market is witnessing considerable growth due to the increasingly stringent regulations to reduce greenhouse gas emission, reduction in energy consumption and its related cost, and presence of stringent building energy codes in regions such as North America and Europe. Rebate and tax credit from governments for energy-efficient homes and buildings also act as key factors driving the growth of the EIFS market.

Browse 205 market data Tables and 29 Figures spread through 156 Pages and in-depth TOC on "Exterior Insulation and Finish System (EIFS) Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/exterior-insulation-finish-system-market-58301028.html

Polymer-based (PB) segment is projected to grow at a higher rate
The PB segment is projected to grow at a higher CAGR during the forecast period. PB EIFS can incorporate additional layers of base coat and reinforce mesh to achieve higher impact resistance. It also uses EPS as an insulation material that provides high thermal insulation and cost efficiency. All these factors contribute to the growth of the PB segment.

Expanded polystyrene (EPS) segment is projected to grow at a higher rate
The EPS segment is projected to be the faster-growing insulation material over the next five years. The factors contributing to the growth of this segment include the cost-effectiveness of EPS material along with high thermal insulation and the growing trend of adopting exterior wall insulation systems.

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=58301028

Europe accounted for the largest market share in 2018 while the Middle East & Africa is projected to grow at the highest CAGR during the forecast period.
Europe accounted for the largest market share in 2018. This growth is supported by the improving economic conditions, continuous improvements in government budgets, rising number of standards in building codes, positive demographic outlook such as the increasing population and rising per capita income, and the growing residential & non-residential industry in the region.

The Middle East & Africa is projected to grow at the highest CAGR during the forecast period. Middle Eastern countries are advanced in terms of per capita income and expenditure and have witnessed considerable growth in construction activities. The rising demand for advanced façade systems for building protection along with energy-efficient green buildings in the Middle Eastern & African countries is expected to drive the EIFS market in the coming years.

The major players in the EIFS market include BASF (Germany), Saint-Gobain (France), Wacker Chemie AG (Germany), Sto SE & Co KGaA (Germany), Owen Corning (US), Dryvit Systems Inc. (US), Master Wall, Inc. (US), Parex USA, Inc. (US), and Rmax (US). Other players in this market include Durabond Products Limited (Canada), Durock Alfacinf International (Canada), Adex Systems (Canada), Omega Products International (US), and Terraco Group (UK).

Speak with Our Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=58301028

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.