The North America Exterior insulation and finish system (EIFS) was valued at US$ 14,088.9 Mn in 2019 and is expected to reach US$ 23,094.4 Mn by 2026, expanding at a CAGR of 7.3% during the forecast period (2016–2026).
The market is witnessing growth due to the growing demand for thermal insulation in residential and non-residential construction and owing to the stringent regulations to reduce greenhouse gas emissions.
The exterior insulation and finish system industry growth over the estimated timespan can be attributed to growing need for enhancing energy efficiency along with strict laws governing the GHG emissions in the atmosphere across the globe. In addition to this, tax subsidies and focus of the government on constructing green buildings will further add towards the surge in the market expansion over the forthcoming years. The market is further expected to witness growth due to the rising demand of EIFS systems in residential as well as non-residential sectors for reinforcing thermal insulation will steer the growth of the market over the years to come.
The research report analyses the ecosystem of EIFS market and categorizes the EIFS Market to forecast the revenues and analyse the trends in each of the following below-mentioned market segments.
By Product Type, the Polymer-based is expected to witness high growth rate during the forecast period
Based on product type, the EIFS market has been segmented as PB and PM. Among which, the PB (Polymer-based) segment is expected to grow with a higher CAGR in the market over the coming years. PB segment is projected to be a faster-growing product type in the EIFS market. PB primarily provides high thermal insulation and is cost-effective. It consists of closed expanded polystyrene (EPS) and it can be adhesively or mechanically attached to the sheathing. PB EIFS can incorporate additional layers of base coat & reinforcing mesh to achieve higher impact resistance.
The most common type of EIFS is the polymer-based (PB) system. This system has a nominally 1/16 inch thick reinforced base coat applied to the insulation prior to application of the finish coat. The insulation typically consists of closed expanded polystyrene (EPS) and can be either adhesively or mechanically attached to the sheathing.
By Insulation Type, the EPS is estimated to be a larger insulation type market in the EIFS market in 2019
Expanded Polystyrene (EPS) is used in the construction industry to reduce energy consumption and greenhouse gas emissions. Excellent insulation offered by EPS is significantly boosting its demand in green buildings. With the rising demand for green buildings, the market for EPS is expected to witness substantial growth over the forecast period.
The Expanded polystyrene (EPS) foam is used in the EIFS process because it is a good insulator and is easy to work with. The EPS foam can be sanded easily which makes it a perfect fit for the EIFS industry. High spots in an EPS foam wall can be sanded down to level the entire wall.
Competitive Landscape
The key players operation in the global stucco market includes Dryvit Systems, STO Corp., BASF Wall Systems, Master Wall, Parex, Saint Gobain among others. The market dominance of these companies is characterized by their vast product portfolio of stucco, high investment in R&D activities for stucco, revenue, capital expenditure, employee strength, and geographical presence of companies.
The key players operating in the market are:
The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities and challenges
Drivers
Restraints
Opportunities
The report also provides in-depth analysis of key market trend
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Trends |
Impact |
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Rising construction projects across North American region further increases the demand of the EIFS market over the coming years. |
Positive |
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EIFS helps in reducing the electricity bills and can save up to 20%-30% as stated by the Oak Ridge National Laboratory. The EIFS can cost more initially while installing but it helps in increasing the energy efficiency of the residential and non-residential buildings. EIFS can reduce air infiltration by as much as 55% compared to standard brick or wood construction. And since walls are one of the greatest areas of heat and air conditioning loss, improvement in the wall insulation can be very meaningful in terms of energy conservation. This will increase the installation of EIFS market over the coming years. |
Positive |
The report also provides in-depth analysis of recent News Developments and Investments
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News and Developments in the Middle East region of the Stucco Market |
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1 |
In June 2018, BASF, one of the world leaders in the manufacturing of construction chemicals increased the production capacity of Neopor. The company has expanded the 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 white EPS (expandable polystyrene) Styropor to Neopor (grey EPS), which will help the company meet the growing demand for grey material in the Asian market. |
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In April 2018, ADFORS, a 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 a metal lath. It is lightweight and pliable making it easier and safer to cut and carry compared to metal lath. |
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In March 2018, Wacker Chemie AG is expanding its product portfolio of dispersible polymer powders by including VINNAPAS 4240 N, which offers highly flexible and excellent adhesive properties. The powder, which is based on vinyl acetate-ethylene (VAE), is extremely suitable for numerous wall applications such as adhesive and embedding mortar in external thermal insulation composite systems or finishing plasters. |
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In March 2018, Wacker Chemie AG set up a new laboratory (Technical Center) in Moscow. Wacker Chemie AG set up a new laboratory (Technical Center) in Moscow, dedicated for adhesives and sealant-based silane-terminated polyethers (hybrid polymers), which are generally used in the construction industry. |
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The unique insights provided by this report also includes the following: |
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In-depth value chain analysis |
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Opportunity mapping |
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Sector snapshot |
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Key Players Positioning Matrix |
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Regulatory scenario |
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Strategies Adopted-Benchmarking Heat Map |
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Market trends |
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Covid-19 impact analysis |
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Raw material supply analysis |
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Cost Analysis (Installation cost, Labour Coat, and raw material cost) |
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Product comparison |
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Pre & Post COVID 19 impact on Stucco Market |
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Competitive Landscape |
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Ecosystem Analysis |
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.
Section 1: Introduction
Section 2: Research Methodology
Section 3: Executive Summary
Section 4: Premium Insights
Section 5: Market Overview & Competitive Landscape
Section 6: Market Size and Share Analysis
North America Market Size & Historic Growth
Market Size by Player Category
Market Size by Product Type
Market Size by Component
Market Size by End-Use
Section 7: Cost Analysis
Section 8: Market Dynamics
Section 9: North America Market Analysis
Market Analysis by Value and Volume
Section 10: Future Forecast & Impact of COVID-19
Section 11: Company Profile
Research Methodology
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