The global Exterior Insulation And Finish System Market size was estimated at USD 92.7 billion in 2023 and is projected
to grow at a CAGR of 8.4% from 2024 to 2030. The key factor driving
industry demand is growing investments in green building construction
initiatives worldwide. Governments worldwide are implementing stricter energy
efficiency regulations for buildings to reduce carbon emissions and energy
consumption. Exterior insulation and finish system (EIFS) provides excellent
thermal insulation, reducing heating and cooling costs significantly. This
factor drives demand as building owners seek to comply with regulations and
lower operating expenses.
EIFS offers a wide range of design options and aesthetic flexibility
compared to traditional exterior cladding materials like brick or concrete.
They can mimic various textures and finishes, giving architects and designers
more creative freedom in building facades. This aesthetic appeal attracts both
commercial and residential property developers looking to differentiate their
projects.
EIFS are lightweight compared to traditional masonry systems,
which reduces structural load and simplifies construction. Their versatility
allows for easier installation around architectural details, curved surfaces,
and irregular shapes, making them suitable for complex building designs. Modern
EIFS systems are durable and resistant to moisture, cracking, and impact damage
when properly installed and maintained. They offer long-term performance and
require less maintenance compared to other cladding systems, which appeals to
building owners seeking cost-effective solutions over the building's lifecycle.
Key Exterior Insulation And Finish System Company
Insights
·
Saint-Gobain is engaged in
designing, manufacturing, and distribution of high-performance materials and
building materials. In addition, the company provides solutions for energy
efficiency, growth challenges, and protection of the environment. The company
operates in three business segments, namely, innovative materials, construction
products, and building distribution.
·
BASF is engaged in the
manufacturing and distribution of chemicals and related products throughout the
world. This company operates its business through six segments including
industrial solution, chemicals, agricultural solutions, materials, surface
technologies, and nutrition & care. Industrial segment offers products and
ingredients for applications such as admixtures, pigments, polymer dispersions,
and resins. Chemicals segment offers petrochemicals and its intermediates while
the materials business segment provides advanced materials such as polyamides
and antioxidants, among others.
List of Key Players of Exterior Insulation And Finish
System Market
- BASF
- Saint-Gobain
- Wacker Chemie
- Sto Corp
- Owens Corning
- Dryvit Systems Inc
- Master Wall Inc
- Parex Usa, Inc
- SFS Group
- Rmax
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Exterior Insulation And Finish System Market Report
Highlights
- Polymer based segment dominated the market with the major revenue
share of 65.5% in 2023 and is forecasted to grow at a significant CAGR
from 2024 to 2030. Polymer-based EIFS typically incorporate acrylic or
polymer-modified cementitious materials, which enhance their durability and
weather resistance.
- Residential application segment dominated this market in 2023 with a
revenue share of 51.2%. This is expected to grow at the highest CAGR of
8.5% from 2024 to 2030. One of the primary drivers for EIFS adoption in
residential buildings is their exceptional thermal insulation properties.
- Exterior insulation and finish system market in North
America experiences diverse climate conditions, from harsh winters in the
northern regions to hot summers in the southern states.
Recent Developments
In June 2022, Owens Corning, an
American company specializing in insulation, roofing, and fiberglass
composites, has acquired WearDeck. WearDeck is a renowned premium composite
decking and structural lumber manufacturer in Ocala, Florida. This strategic
acquisition is expected to play a vital role in Owens Corning’s growth strategy
by enabling the company to shift its focus within the Composites business
toward high-value material solutions in the building and construction industry.
By incorporating WearDeck’s innovative solutions, Owens Corning aims to enhance
its offerings and strengthen its position in the market.
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