Exterior Insulation And Finish System Market Research Report: by Type (Polymer-Based and Polymer Modified), Insulation Material (EPS (Expanded polystyrene), MW (Mineral Wood) and others), Component (Adessives, Insulation Board, Base Coat, Reinforcement, and Finish Coat) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

Exterior Insulation and Finish System Market Synopsis

Exterior insulation and finish system market was valued at USD 55.41 billion in 2018 and is expected to witness a 12.34% CAGR during the forecast period.

EIFS (Exterior Insulation and Finishing System) is a decorative, insulating, and protective finish system for exterior walls that can be incorporated with any type of construction. One major advantage of EIFS is that it acts as a shield for exterior walls, offering protection against adverse weather conations by providing thermal insulation inside the construction. EIFS is a wall cladding which employs rigid insulation boards on upper layers of a wall and a plaster type exterior finishing. EIFS utilizes organic polymeric layers strengthened with glass mesh. EIFS are used in new construction and renovation applications to achieve energy efficiency.

The global market for exterior insulation and finish systems has been witnessing significant growth. The demand for EIFS is expected to be driven by increasing demand for modern infrastructure such as energy-efficient buildings in the construction sector. The exterior insulation and finish system is mainly popular in the European construction industry due to stringent government regulations. For instance, in 2007, the European Heads of State agreed to an obligatory and joint GHG emission reduction of 20% by 2020. This contract has become a legal requirement in the European Union with an aim to bring a 20% reduction in GHG emissions by 2020 and a 40% reduction by 2030. Similarly, in 2009, the US declared to minimize GHG emissions by 17% by 2020; the government aims at a 17% reduction from the 2007 levels. This signifies that the ongoing trend of reduction in GHGs followed by most countries is fueling the demand for building thermal insulation solutions such as EIFS. However, high capital investments might hinder the market growth during the forecast period. Besides, the untapped regions such as Asia-Pacific is expected to hold lucrative opportunities for this market in the coming years. 

Global Exterior Insulation and Finish System Market: Regional Analysis

The global exterior insulation and finish system market has been segmented, based on region, into Europe, North America, Asia-Pacific, the Middle East & Africa, and South America. In 2018, Europe is the fastest growing in the global exterior insulation and finish system market, followed by North America; it is expected to retain its dominance until 2025.

North America is also expected to hold a substantial market share during the forecast period owing to the growing government initiatives pertaining to energy conservation. According to the analysis of the Department of Energy (DOE) in the US, 40% of the consumed energy is vanished due to air infiltration. Air infiltrates the infrastructure in the form of walls sockets, floors, roofs, windows, and doorways.    

Global Exterior Insulation and Finish System Market: Segmentation

The global exterior insulation and finish system market has been segmented based on type, insulation material, component, and region. By type, the global exterior insulation and finish system market is segmented into polymer-based and polymer-modified. The polymer-based segment held the largest share of the global exterior insulation and finish system market in 2018 and is expected to witness the highest CAGR during the forecast period.

Based on insulation material, the global exterior insulation and finish system market is segmented into EPS (Expanded polystyrene), MW (Mineral Wood), and Others. The EPS (Expanded polystyrene) segment held the largest market share of the global exterior insulation and finish system market in 2018 and is expected to witness the highest CAGR during the forecast period.

Based on the component, the global market has been segmented into adhesive, insulation board, base coat, reinforcement, and finish coat. The insulation board segment held the largest market share of the global exterior insulation and finish system market.

Key Players

The Key Players in the Global Exterior Insulation and Finish System Market are BASF (Germany), Wacker Chemie AG (Germany), Saint-Gobain (France), Owen Corning (US), Sto SE & Co KGaA (Germany), Master Wall, Inc. (the US), Dryvit Systems Inc. (US), Rmax (US) and Parex USA, Inc. (US). Other companies include Durock Alfacinf International (Canada), Durabond Products Limited (Canada), Omega Products International (US), Adex Systems (Canada), and Terraco Group (UK).

Intended Audience

• Raw material suppliers


• End users


• Product manufacturers


• Regulatory bodies


• Market research and consulting firms


• Associations and industrial bodies

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	12.34% CAGR (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Insulation Material, Component
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	BASF (Germany), Wacker Chemie AG (Germany), Saint-Gobain (France), Owen Corning (US), Sto SE & Co KGaA (Germany), Master Wall, Inc. (the US), Dryvit Systems Inc. (US), Rmax (US) and Parex USA, Inc. (US). Other companies include Durock Alfacinf International (Canada), Durabond Products Limited (Canada), Omega Products International (US), Adex Systems (Canada), and Terraco Group (UK).
Key Market Opportunities	Due to stringent government regulations
Key Market Drivers	Increasing demand for modern infrastructure such as energy-efficient buildings in the construction sector

Frequently Asked Questions (FAQ) :

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