Global Exterior Insulation And Finish System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2027

Introduction:

Exterior insulation and finish systems (EIFS) offer continuous insulation by design, allowing architects design flexibility and aesthetics they require, while meeting the energy codes and standards. According to definitions by the International Building Code and ASTM International, an exterior insulation and finish system is a no-load bearing, exterior wall cladding system that consists of an insulation board attached either adhesively or mechanically, or both, to substrate.

Dynamics

Growing demand for exterior insulation and finish system from construction sector, owing to rising demand for advanced facade systems for building protection coupled with growing construction of energy-efficient green buildings are major factors driving growth of the global exterior insulation and finish system market, currently. In addition, rising number of standards in building codes and lower carbon dioxide emissions of EIFS compared to other systems are among other factors expected to propel growth of the target market over the forecast period.

However, availability of substitute green insulation materials is a major factor restraining growth of the global exterior insulation and finish system market. Moreover, lack of skilled workers and fast-tracked construction can compromise quality of EIFS, which in turn results into leak or holes in EIFS or worse. This is another expected to restrain growth of the global exterior insulation and finish system market in the near future.

Segment Analysis

On the basis of component, the global exterior insulation and finish system market is segmented into adhesive, insulation board, base coat, reinforcement, and finish coat. The …. segment is expected to witness fastest growth over the forecast period.

Regional Analysis

The Europe market accounts for highest share in the target market in terms of revenue contribution as compared to that of markets across the globe, owing to residential and commercial infrastructure development coupled with rising demand for thermal insulation products such as exterior insulation and finish system in countries, in the region. Also, growing construction sector and economic development are other factors driving growth of the Europe exterior insulation and finish system market. The market in the Middle East & Africa is projected to register considerable growth in terms of revenue over the next 10 years. This growth can be attributed to increasing construction activities, coupled with increasing demand for advanced facade systems that are thermally insulated in order to protect buildings, in the region. The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register moderate growth in the global exterior insulation and finish system market over the forecast period.

Global Exterior Insulation and Finish System Market Segmentation:

Segmentation on the basis of product type:

• PB (Polymer-based)
• PM (Polymer-modified)

Segmentation on the basis of insulation material:

• EPS (Expanded polystyrene)
• MW (Mineral wool)

Segmentation on the basis of component:

• Adhesive
• Insulation board
• Base coat
• Reinforcement
• Finish coat

Segmentation on the basis of end-use industry:

• Residential
• Non-residential

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa