The exterior insulation and finish system (EIFS) market size is projected to grow from USD 60.68 billion in 2018 to USD 108.11 billion by 2023, at a CAGR of 12.24%.
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Exterior insulation and finish system (EIFS) market size will grow from USD 60.68 billion in 2018 to USD 108.11 billion by 2023, at a projected CAGR of 12.24%. The EIFS market is expected to witness high growth as a result of the growing demand for thermal insulation in residential and non-residential construction and owing to the stringent regulations to reduce greenhouse gas emissions.
EIFS Market, By Component
3 Insulation Board
4 Base Coat
6 Finish Coat
EIFS Market, By End-Use Industry
4 Industrial Buildings
5 Commercial Buildings
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Middle East & Africa is projected to be the fastest-growing market during the forecast period. The global players, to improve their presence in this region, have started expanding their businesses, particularly in Africa, due to the availability of cheap labor, low exchange rates, and lenient environmental, health, and safety laws.
2 Market Ranking of Key Players
3 Competitive Scenario
4 New Product Launches
5 Expansion & Investments
6 Mergers & Acquisitions
7 Agreement, Contracts, and Partnerships
The global Exterior insulation and finish system for is dominated by players such as BASF (Germany), Saint-Gobain (France), Wacker Chemie AG (Germany), Sto SE & Co KGaA (Germany), Owen Corning (US), Dryvit Systems Inc. (US), Master Wall, Inc. (US), Parex USA, Inc. (US), and Rmax (US).
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The geographic proximity of Africa and the Middle East with Asia Pacific and Europe has made this region an emerging destination for setting up manufacturing facilities. The growing demand for thermal insulation in residential and non-residential buildings in the region is driving the demand for EIFS in this region.
- EIFS manufacturers
- Raw material suppliers
- End users
- Consulting firms
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