Fior Markets launched a study titled “Exterior Insulation and Finish System (EIFS)Market by ProductType (PB, PM), Insulation Material, Component,End User Industry, Regions”,and Global Forecast 2019-2026.
The global exterior insulation and finish system (EIFS) market is expected to grow from USD 61.02 Billion in 2018 to USD 152.62 Billion by 2026, at a CAGR of 12.14% during the forecast period from 2019-2026. Growing demand for thermal insulation in residential and non-residential construction coupled with implementation of stringent regulations for reducing the greenhouse gas emissions are anticipated to drive the global EIFS market over the forecast period.
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The polymer based (PB) segment is anticipated to grow at a CAGR of 14.21% in 2019-2026
The product type segment is divided into polymer based (PB) and polymer modified (PM). The ability of PB EIFS to incorporate additional layers of base coat and reinforce mesh in order to achieve higher impact resistance is anticipated to lead the segment to grow at an accelerated CAGR of 14.21% over the forecast period.
The expanded polystyrene (EPS) segment had a market value of USD 24.14 billion in 2018
The insulation material segment is categorized into expanded polystyrene (EPS), mineral wool (MW), and others. Owing to the increasing worldwide trend for adoption of exterior wall insulation systems coupled with cost-effectiveness and high thermal insulation properties, the expanded polystyrene (EPS) dominated the market with USD 24.14 billion revenue in 2018.
The reinforcement component segment is anticipated to grow at a CAGR of 14.18% in 2019-2026
The component segment is fragmented into adhesives, insulation board, base coat, reinforcement, and finish coat. As it enshrines the EIFS systems with an improved impact resistance and durability, the reinforcement component segment is projected to grow the highest CAGR of 14.18% over the forecast period.
The non-residential segment had a market value of USD 38.34 billion in 2018
The end user is segmented into residential and non-residential. The non-residential is further segmented into industrial buildings, commercial buildings, and other non-residential buildings. The non-residential end user segment dominated the market with USD 38.34billion revenue in 2018.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Europe region led the global demand for the exterior insulation and finish system (EIFS)with USD 26.61 billion revenue in 2018. However, the Middle East and Africa region is anticipated to grow at an accelerated CAGR of 14.25% over the forecast period.
Major players in the global exterior insulation and finish system (EIFS) market are BASF SE, Saint-Gobain, WackerChemie AG, Sto SE & Co KGaA, Owen Corning, Dryvit Systems Inc., Master Wall, Inc., Parex USA, Inc., Rmax, Durabond Products Limited,DurockAlfacinf International, Adex Systems, Omega Products International, and Terraco Group among others.
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