Exterior Insulation and Finish System (EIFS) Market Is Expected To Reach A Valuation of US$ 13.6 Billion By 2033

The Exterior Insulation and Finish System Market revenues were estimated at US$ 3.3 Billion in 2022 and are anticipated to grow at a CAGR of 13.9% from 2023 to 2033, according to a recently published Fact.MR. By the end of 2033, the market is expected to reach a US$ 13.6 Billion valuation. The EPS Insulation of Exterior Insulation and Finish System is expected to grow with a projected CAGR of 10.5% from 2023 to 2033.

The EIFS sector has profited from the expansion of green building techniques because of its energy-efficient and sustainable characteristic. The construction of green buildings and the reduction of greenhouse gas emissions are the primary factors driving the global EIFS market growth. Leadership in Energy and Environmental Design (LEED) certification has increased demand for sustainable buildings, which can drive the EIFS industry to develop and promote sustainable practices.

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Acrylic binders are a crucial component of EIFS, providing strength, flexibility, and weather resistance to the system. This enhanced durability has played a significant role in driving the adoption of EIFS in the construction industry. The use of acrylic binders in EIFS is a key driver for the increased durability of the system.

Most systems are formulated with 100% acrylic binder, which gives them superior resistance to chalking, yellowing, and fading over time. This makes EIFS a prime option for building owners and developers who are looking for a long-lasting and low-maintenance exterior cladding system. The rich appearance of EIFS finishes is maintained over time due to the use of acrylic binder which helps to prevent the finish from deteriorating.

Government initiatives and incentives have further fueled the growth of EIFS market worldwide. Several countries have implemented policies to encourage the use of energy efficient building solutions, including subsidies, tax benefits and grants. These measures have stimulated the adoption of EIFS systems, contributing to the market's expansion. Given the continued desire for cost-effective, sustainable building design, EIFS's superior eco-efficiency over alternative wall cladding materials points to a larger adoption of these cutting-edge cladding materials.

Competitive Landscape:

Key players in the Exterior Insulation and Finish System Market are:-

• BASF SE,
• Sika Corporation,
• Owen Corning,
• Wacker Chemie AG,
• Sto SE & Co KGaA,
• Parex Group,
• Danosa,
• Baumit GmbH,
• Dryvit Systems, Inc.,
• Dryvit Systems, Inc.,
• Ceresit,
• Amvic Building System,
• Saint-Gobain Weber,
• Total Wall Systems Inc.

Some of the recent developments in the Exterior Insulation and Finish System Market are:

• In August 2021, RPM International Inc. stated that its Tremco Construction Products Group acquired Pure Air Control Services, Inc., which is a provider of indoor air quality solutions. Pure Air is a service-related company that is strategically significant and mutually beneficial to Tremco Roofing and Construction Products Group. As they join vertical markets, these complementary businesses become more potent.

• In June 2019, RPM International Inc. stated that its Tremco division has acquired Schul International Co., LLC, a firm that manufactures joint sealants for commercial construction, and Willseal LLC, a business that markets and sells Schul products. The acquisition of Schul strengthens Tremco's position as a world market leader and propels RPM to the cutting edge of impregnated foam tape technology.

• In December 2018, in addition to all of Liaver Beteiligungen GmbH's corporate interests, Sto SE & Co. KGaA purchased 100% of Liaver GmbH & Co.'s limited partnership shares.

Segmentation of the Global Exterior Insulation and Finish System Market :

• By Type :
o EPS Insulation (PB EIFS)
o XPS Insulation (PM EIFS)
o Mineral Wool

• By Insulation Thickness :
o Standard Thickness (Up to 4 inches)
o High Performance Thickness (>4 inches)

• By End Use :
o Residential
o Commercial

More Insights Available:

Fact.MR, in its new offering, presents an unbiased analysis of the Exterior Insulation and Finish System Market, presenting historical market data (from 2018 to 2022) and forecast statistics from 2023 to 2033.

The study reveals extensive growth in Exterior Insulation and Finish System Market by Type (EPS Insulation, XPS Insulation, Mineral Wool), by Insulation Thickness (Standard Thickness, High Performance Thickness), by End Use (Residential, Commercial), by Region (North America, Latin America, Europe, South Asia & ASEAN, East Asia, Middle East, and Africa, and Oceania) from 2023 to 2033.

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This release was published on openPR.