According to a comprehensive survey conducted by Future Market Insights, the demand for exterior insulation and finish systems (EIFS) reached a value of USD 79.8 billion in 2022. Looking ahead, sales in the EIFS market are expected to grow at a CAGR of 10.2% over the next decade. The research forecasts a substantial rise in the global EIFS market valuation, from USD 89.1 billion in 2023 to an impressive USD 235.6 billion by 2033.
Heightened sales projections for EIFS are driven by increasing construction activities and boosted investments in global infrastructure. Additionally, the growing demand for energy-efficient architectural designs and a strong focus on eco-friendly construction methods are expected to further propel the EIFS market.
The EIFS market is particularly dominant in developed nations, where there is widespread acceptance and a well-established industry catering to these products. However, the affordability, availability, and effective insulation and exterior finishing capabilities of EIFS are making it increasingly popular in emerging economies as well.
Key Takeaways:
- Anticipated Expansion of EIFS Demand in the United States: The demand for EIFS in the United States is projected to experience substantial growth, reaching a value of US$ 43.3 billion by the year 2033. This expansion is expected to be driven by a Compound Annual Growth Rate (CAGR) of 10.2%.
- Positive Outlook for the United Kingdom Market: The United Kingdom market for EIFS is poised for growth, with an expected net worth of US$ 9.2 billion by 2033. This expansion is projected to occur at a CAGR of 10.1%.
- Robust Growth Prospects in Asian Markets: The EIFS markets in China, Japan, and South Korea are set to witness significant development, with an average CAGR of 10.1% through the year 2033. Notably, China’s EIFS market is anticipated to lead the Asia Pacific region, reaching an approximate value of US$ 53.6 billion by 2033. Meanwhile, Japan and South Korea’s markets are predicted to achieve values of around US$ 45.2 billion and US$ 15.8 billion, respectively, by the same year.
- Polymer-based EIFS Product Segment Projection: The Polymer-based EIFS product segment is expected to undergo growth at a slightly lower CAGR of 10% from 2023 to 2033.
- Rapid Growth in Polymer-modified EIFS Product Segment: In contrast, the Polymer-modified EIFS product segment is foreseen to experience rapid expansion over the next decade, exhibiting a high growth rate throughout this period.
Competitive Landscape:
- Adex Systems,
- BASF SE,
- Dryvit Systems,
- Durabond Products,
- Durock Alfacing
International are some of the leading EIFS producers operating in the global market. These businesses are leading participants in the EIFS industry while new participants are mainly focused on marketing initiatives to strengthen their positions.
Key Players Profiled in the Exterior Insulation and Finish Systems (EIFS) Market Report
- Adex Systems Inc.
- BASF SE
- Dryvit Systems, Inc.
- Durabond Products Limited
- Durock Alfacing International Limited
Key Segments Covered
By Product Type:
- Polymer Based
- Polymer Modified
By Insulation Material:
- Expanded Polystyrene
- Mineral Wool
- Other Insulation Materials
By End User:
- Residential
- Non-residential
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- The Middle East and Africa (MEA) Market
Report Preview: https://www.futuremarketinsights.com/reports/exterior-insulation-and-finish-systems-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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