Exterior Insulation and Finish System Market to Jump 12.24% CAGR o 2023 and to Reach US$ 108.11 Billion, Led by Adhesive, Insulation Board and Finish Coat

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).

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.

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Europe is projected to have the largest Exterior Insulation and Finish System Market share & dominate EIFS market. This region offers potential growth opportunities, as countries such as Italy & Poland are projected to be emerging markets for thermal insulation products like EIFS.

In developed and developing countries, the growing middle-class consumers demand improved home heating and cooling services. This demand increases the energy consumption, and, in turn, its related cost. The US Department of Energy (DOE) studies state that 40% of the energy consumed is lost due to air infiltration. This air infiltrates the home in the form of drafts through walls sockets, floors, roofs, windows, and doorways.

EIFS Market, By Component
1 Introduction
2 Adhesive
3 Insulation Board
4 Base Coat
5 Reinforcement
6 Finish Coat

EIFS Market, By End-Use Industry
1 Introduction
2 Residential
3 Non-Residential
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.

Competitive Landscape
1 Overview
2 Market Ranking of Key Players
3 Competitive Scenario
4 New Product Launches
5 Expansion & Investments
6 Mergers & Acquisitions
7 Agreement, Contracts, and Partnerships

More Information “Exterior Insulation and Finish System (EIFS) Market by Product Type (PB, PM), Insulation material (EPS, MW), Component (Adhesive, Insulation board, Base coat, Reinforcement, Finish coat), End-use industry, and Region - Global Forecast to 2023” report @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1602668 .

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.

This report will help market leaders/new entrants in the following ways:
• This report segments the EIFS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.
• The report helps stakeholders to understand the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand their competitors better and gain more insights about their position in the business. The competitive landscape section includes the competitor ecosystem, new product developments, agreements, partnerships & joint ventures, and mergers & acquisitions.

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This release was published on openPR.