Global Exterior Insulation and Finish Systems Market was valued at US$ 69.80 Bn in 2019, and is expected to reach US$ 182.95 Bn by 2027, at a CAGR of 12.8 % during forecast period.
Global Exterior Insulation and Finish System Market
Exterior Insulation and Finish Systems (EIFS) offer continuous insulation by design, allowing architects the design flexibility and aesthetics they require, while helping to meet the new energy codes. The International Building Code and ASTM International, an Exterior Insulation and Finish System is a non-load bearing, exterior wall cladding system that consists of an insulation board attached either adhesively or mechanically, or both, to the substrate, an integrally reinforced base coat, and a textured protective finish coat.
Exterior Insulation and Finish Systems today are one of the most tested and well researched claddings in the construction industry.Based on the Type, the PB (Polymer-Based segment) is projected to be a faster-growing product type in the Exterior Insulation and Finish System market. PB provides high thermal insulation and is cost effective. PB is typically consists of closed expanded polystyrene (EPS) and can be either adhesively or mechanically attached to the sheathing. PB Exterior Insulation and Finish System can incorporate additional layers of base coat & reinforcing mesh to achieve higher impact resistance.
Based on the Insulation Material, the expanded polystyrene segment is projected to be the faster-growing insulation material over the forecast period. Expanded polystyrene has very low thermal conductivity due to its closed cell structure consisting of 98% air. Further, it is non-hygroscopic and does not readily absorb moisture from the atmosphere.
Based on the components, Adhesives segment dominated the Exterior Insulation and Finish Systems market in 2017, followed by insulation boards and reinforcement. The adhesives materials allows joint substrates (glass, plastics, metals, and ceramics) with different geometries, sizes and composition. The use of adhesives eliminates the corrosion associated with dissimilar metals joining with different galvanic potential, such as the joining of steel with aluminum.
Exterior Insulation and Finish Systems has witnessed extensive traction for the non-residential construction industry. It is used in both residential and non-residential construction, and its utility includes providing thermal insulation and water resistance. The non-residential segment is projected to have a larger share and dominate the Exterior Insulation and Finish Systems market from 2019 to 2027. The residential construction industry is the next application to play a key role in changing the Exterior Insulation and Finish Systems landscape and grow at the second-highest rate during the forecast period. The non-residential construction industry, for a long time, has been the major contributor to the rising demand for Exterior Insulation and Finish Systems.
Geographically, Europe is projected to have the largest market share and dominate the Exterior Insulation and Finish Systems market. Europe region offers potential growth opportunities, as countries such as Italy and Poland are projected to be emerging markets for thermal insulation products such as Exterior Insulation and Finish Systems. The growth of the Exterior Insulation and Finish Systems market in this region is propelled by factors such as the growth of both residential and non-residential construction and increasing demand for thermal insulation.
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Scope of Global Exterior Insulation and Finish System (EIFS) Market:
Global Exterior Insulation and Finish System Market, By Type:
• PB (Polymer-Based)
• PM (Polymer-Modified)
Global Exterior Insulation and Finish System Market, By Insulation Material:
• Expanded Polystyrene (EPS)
• Mineral Wool
• Others
Global Exterior Insulation and Finish System Market, By Component:
• Adhesive
• Insulation Board
• Base Coat
• Reinforcement
• Finish Coat
Global Exterior Insulation and Finish System Market, By End User:
• Residential
• Non-Residential
Global Exterior Insulation and Finish System Market, By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Global Exterior Insulation and Finish System Market:
• BASF
• Saint-Gobain
• Wacker Chemie AG
• STO SE & Co KGaA
• Owens Corning
• Dryvit Systems Inc
• Master Wall Inc
• Parex USA, Inc
• SFS Group Ag.
• Rmax
• Durabond Products Ltd
• Durock Alfacing International Limited
• Adex Systems Inc.
• Omega Products International
• Terraco Group
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