Exterior Insulation and Finish System (EIFS) Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By 2033
- PUBLISHED ON
- 2023-05-24
- NO OF PAGES
- 289
- CATEGORY
- Construction & Manufacturing
Exterior Insulation and Finish System (EIFS) Market size was valued at USD 99,350 million in 2022 and is projected to reach USD 160,860 million by 2033, growing at a CAGR of 9.8% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 99,350 million |
Market Forecast in 2033 | USD 160,860 million |
CAGR % 2023-2033 | 9.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | BASF SE; Sto SE & Co. KGaA; ParexGroup; Sika AG Dryvit Systems, Inc.; Master Builders Solutions (MBCC Group); Saint-Gobain Weber; Omega Products International; Durabond Products Limited; Terraco Group |
Exterior Insulation and Finish System (EIFS) Market - Description
Exterior Insulation and Finish System (EIFS) refers to a cladding system used in building construction to provide insulation, weather resistance, and aesthetic appeal to the exterior walls. EIFS consists of several layers, including insulation board, base coat, reinforcement mesh, and finish coat, creating a durable and energy-efficient exterior envelope.
With increasing focus on energy efficiency in buildings, there is a growing demand for insulation systems that can enhance thermal performance and reduce energy consumption. EIFS provides excellent insulation properties, reducing heat transfer through walls and improving the energy efficiency of buildings. The emphasis on energy-efficient construction practices and sustainability drives the adoption of EIFS.
Exterior Insulation and Finish System (EIFS) Market: Key Trends
• Enhanced Durability and Weather Resistance:
The EIFS market is witnessing advancements in materials and systems that enhance durability and weather resistance. Manufacturers are developing improved base coats and finish coats that provide better protection against moisture, UV radiation, and impact. These developments ensure the long-term performance and durability of EIFS, making it a preferred choice for building exteriors.
• Green and Sustainable EIFS Solutions:
There is a growing trend towards the development and adoption of green and sustainable EIFS solutions. Manufacturers are focusing on incorporating environmentally friendly materials, such as recycled content and low VOC (volatile organic compound) components, into EIFS products. Green EIFS systems contribute to LEED certification and help meet sustainability goals in construction projects.
Exterior Insulation and Finish System (EIFS) Market: Geographical landscape
The EIFS market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are prominent markets for EIFS due to the presence of stringent building energy codes and regulations, as well as a focus on energy-efficient construction practices.
Exterior Insulation and Finish System (EIFS) Market - Recent Developments
• In 2022, Neopor Mcycled expandable polystyrene (EPS) granulate, a new raw material for insulation produced by BASF, has been introduced. This EPS insulation material includes 10% recycled EPS waste and was developed in collaboration with Karl Bachl, a manufacturer of building materials.
Exterior Insulation and Finish System (EIFS) Market: Segmental Analysis
Component
• Insulation board
• base coat
• reinforcement mesh
• finish coat.
Insulation Material
• Expanded polystyrene (EPS)
• extruded polystyrene (XPS)
• mineral wool
• others.
End-use
• Residential
• Commercial
• institutional.
Exterior Insulation and Finish System (EIFS) Market: Key Companies
• BASF SE
• Sto SE & Co. KGaA
• ParexGroup
• Sika AG
• Dryvit Systems, Inc.
• Master Builders Solutions (MBCC Group)
• Saint-Gobain Weber
• Omega Products International
• Durabond Products Limited
• Terraco Group
• Others
Exterior Insulation and Finish System (EIFS) Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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