EIFS Market Increasing Demand with Leading Player, Comprehensive Analysis, Growth, Forecast to 2027

The exterior insulation and finish system (EIFS) market valued USD 79.65 billion in 2020 and expected to reach USD 146.05 billion by 2020, at a at CAGR of 9.0 %. Exterior Insulation and Finishing System (EIFS) is an insulating, decorative, and protective finish system for exterior walls that can be installed on any type of construction. It is the only exterior wall covering that insulates and provides weather protection in a selection of shapes, colours, and textures that can replicate almost any architectural style or finish material, or stand by itself as an architectural finish.

EIFS is wall cladding that utilizes stiff insulation boards on the outside of a wall and a plaster-like exterior covering. EIFS employs organic polymeric finishes reinforced with glass mesh. EIFS can be effective for both new construction and recladding applications, as an energy-efficient, economical wall covering. After World War II, buildings throughout Germany were damaged and in need of resurfacing. EIFS originated in Germany and came to the U.S. in the late 1960s.

EIFS, if installed properly, makes the building energy efficient. The EIFS costs more initially; however, it pays for itself over time. Structures with EIFS can save between 20% and 30% on energy bills as per the Oak Ridge National Laboratory. Aesthetics and creative freedom are the perks offered by EIFS. Expanded polystyrene (EPS) is a part of the system that can be cut or moulded to create several shapes such as arches, columns, window details, and sculptures. EIFS costs less than traditional insulation materials.
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Key players
BASF (Germany)
Saint-Gobain (France)
WackerChemie AG (Germany)
Sto SE & Co KGaA (Germany)
Owen Corning (U.S.)
Dryvit Systems Inc. (U.S.)
Master Wall Inc. (U.S.)
Parex USA Inc. (U.S.)

Types
PB (Polymer-based), PM (Polymer-modified)

Applications
Residential, Non-residential
On the Basis of Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)

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The EIFS market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for EIFS in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On EIFS Market
Chapter 5. Global EIFS Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global EIFS Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global EIFS Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America EIFS Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe EIFS Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific EIFS Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa EIFS Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America EIFS Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. EIFS Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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