Exterior Insulation and Finish System (EIFS) Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032
The demand for exterior insulation and finish system is anticipated to propel over coming years fueled by the growth of construction industry across North America and Europe. The global exterior insulation and finish system market is expected to grow at a CAGR close to 14% over the forecast period. The demand from Europe is anticipated to propel owing to expansion of construction industry, with major demand being generated from retrofit insulation cladding installation activities across Western European countries. Government initiatives to promote adoption of energy efficient heating and cooling systems to curb energy consumption is anticipated to be the major driving factor for exterior insulation and finish system (EIFS) market. Asia Pacific is anticipated to witness steady growth over the forecast period. With expansion of commercial and residential buildings across the U.S., exterior insulation and finish system market in the U.S. is anticipated to dominate global demand over forecast period.
Major players operating in the global exterior insulation and finish system (EIFS) market include BASF, Saint-Gobain, Wacker Chemie AG, Sto SE & Co KGaA, Owen Corning, Dryvit Systems Inc., Master Wall, Inc., Parex USA, Inc., Rmax, Durabond Products Limited, Durock Alfacinf International, Adex Systems, Omega Products International, and Terraco Group.
The report titled “Exterior Insulation and Finish System (EIFS) Market - Global Market Share, Trends, Analysis and Forecasts, 2022- 2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Exterior Insulation and Finish System (EIFS) market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study.
For instance, BASF reported revenues of US$ 69785.79 Million in 2018 and the segment and geographic analysis of the company indicates that Performance Products Business segment is the dominating segment of the company, with Europe and Asia Pacific being the major revenue generating region.
The Exterior Insulation and Finish System (EIFS) market study is segmented based on product type, insulation material, component, end use, and geography. Based on product type the market is segmented into Polymer Based and Polymer Modified.
Based on Insulation material, the global exterior insulation and finish system market is segmented into expanded polystyrene (EPS), mineral wool, and others. Based on component, the global EIFS market is segmented into adhesive, insulation board, base coat, reinforcement, and finish coat. Based on end use, the market is segmented into residential, commercial and industrial. Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on exterior insulation and finish system (EIFS). Further, market share of company in the global exterior insulation and finish system (EIFS) market would also be calculated. For instance, BASF operates through five business segments namely Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Others. Moreover, Functional Materials & Solutions segment of the company deals with exterior insulation and finish system (EIFS) products, with a revenue contribution of US$ 3569.74 Million.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research & development focus of all the exterior insulation and finish system (EIFS) companies. Furthermore, the global exterior insulation and finish system (EIFS) market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the exterior insulation and finish system (EIFS) market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Exterior Insulation and Finish System (EIFS) marketplace.
