Exterior Insulation and Finish System (EIFS) Market is Dominated by players such as BASF, Saint-Gobain, Wacker Chemie, Sto SE & Co, Owen Corning, Dryvit Systems, Master Wall, Parex and Rmax

MarketsandMarkets projects that the 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 CAGR of 12.24%. The reduction in greenhouse gas emissions and development of green buildings mainly drive the EIFS market growth. In addition, the presence of stringent building energy codes in Europe and North America drives the demand for EIFS.

To know about the assumptions considered for the study download the pdf brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=58301028

The key players in the EIFS market include 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). Other players include Durabond Products Limited (Canada), Durock Alfacinf international (Canada), Adex Systems (Canada), Omega Products International (US), and Terraco Group (UK). These players adopted strategies such as expansions & investments, agreements & contracts, partnership, mergers & acquisitions, and new product & technology launches to strengthen their position, expand their global presence, and increase their share in the market.

BASF is one of the leading companies in the EIFS market. Its product portfolio ranges from chemicals, plastics, performance products, agricultural solutions, and oil & gas to functional and material solutions. The company operates through the following segments: functional materials & solutions, performance products, chemicals, oil & gas, agricultural solutions, and others. BASF offers EIFS solutions through its functional materials & solutions segment. It has maintained its leadership position through its strong distribution network across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The company continues to expand its capacity by adopting organic strategies such as expansions, investments, and new product launches.

Speak with our Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=58301028

In June 2018, BASF, one of the world leaders in the manufacturing of construction chemicals, increased the production capacity of Neopor (expandable polystyrene containing graphite) by 40,000 metric tons per year through its two production sites in Ludwigshafen, Germany and Ulsan, Korea. At the Ulsan site in Korea, BASF will switch the plant´s entire 85,000 metric tons capacity from the classic white EPS (expandable polystyrene) Styropor to the improved insulation raw material Neopor (gray EPS), which will help the company to meet the growing demand for the gray material in the Asian market.

In August 2017, BASF becomes the first XPS producer to obtain construction type approvals for extruded foam boards welded in a contactless process. The general technical approvals Z-23.31-2083 and Z-23.33-2084 pertain to Styrodur SQ in inverted roof and perimeter applications. Styrodur is a compression-proof, water-repellent, and rot-proof Styrodur that protects homes from heat, cold, and moisture for a longer period.

Saint-Gobain is one of the leading players in the habitat and construction markets. The company operates in segments such as innovative material, construction products, and building distribution. The company has adopted organic strategies such as expansions & investments and new product developments to expand its global presence. For instance, in April 2018, ADFORS, part of the Saint-Gobain family, launched FibaLath, an innovative fiberglass lath to be used in stucco applications and exterior/interior manufactured stone and brick facades. The unique patented three-dimensional profile of FibaLath is self-furring and attaches the same way as metal lath. It is lightweight and pliable, making it easier and safer to cut and carry as compared to metal lath.

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.