Exterior Insulation and Finish System (EIFS) Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Exterior Insulation & Finish System (EFIS) Market is expected to grow during the forecast period due to the growing investment in construction activity, building related energy-efficiency policies and regulations. However, the availability of alternative green insulation material is likely to hinder the growth of the global exterior insulation & finish system (EFIS) market.

The exterior insulation and finish systems are cladding systems made of composites installed in a building. This integrated composite material system provides insulation and a water-resistant finish to the exterior walls. Growing adoption of energy-efficient homes in developed countries and rebates and tax credits from the government is fueling the demand for exterior insulation and finish systems during the forecast period. Moreover, Middle Eastern and African markets are expected to create symbolic opportunities for manufacturers in the future.

Global Exterior Insulation & Finish System (EFIS) Market: Drivers & Trends

Supportive Government Regulations on Building Insulations:

The use of insulation in buildings is regulated by several agencies and organizations all around the world. Due to this, the external insulation and finish system market is stimulated. The conditions of the thermal element determine how much of the work is managed and how much upgrading is required.

Such bodies and organizations govern the application of building insulation in various systems and structures of a building. These regulations change with the region and country, and governments are getting stringent with such policies to promote energy efficiency in construction. This has spiked the demand for exterior insulation and finish system industry across the world.

Rising Investment Requirement for Infrastructure Development:

Due to the world's rising urbanization, the residential building sector has seen tremendous expansion in recent years. Additionally, the industry’s need will be supported by shifting demographic patterns, such as an increase in nuclear households. A change in consumer preference for private homes, notably in European nations, will increase industry demand. Globally, single-family homes have grown significantly. For instance, according to the 2020 census, the total number of dwelling units in the U.S. increased by 6.7% between 2010 and 2020, which is almost half the growth rate over the prior decade.

Shifting focus on renovation and remodeling projects in the residential sector will drive the industry demand. Heavy investments in renovation projects, particularly in Europe, are expected to stimulate the exterior insulation and finish the system market size. European constructions include a large number of old buildings with the necessity to renovate. Safety & security norms for remodeling projects will support business growth.

Growing infrastructure investments in public as well as private infrastructure will support the steel products market. Rising demand for consumer-oriented construction will further propel the insulation and finish system market demand. As per OECD, the China infrastructure investment was over USD 500 billion in 2016. Government promotions to increase the urbanization rate are anticipated to fuel the steel products market. For instance, China’s National Urbanization Plan, between 2014-2020, was dedicated to turning migrants into urban citizens, envisaging a settlement of over 100 million urban inhabitants by 2020, raising the urbanization rate to 60%.

Infrastructure development is necessary for catering to the needs of the rising population. Additionally, it contributes to the social and economic welfare of the country. According to Global Infrastructure Outlook, the population of Saudi Arabia will cross 40 million by 2040. The Kingdom of Saudi Arabia will need supportive infrastructure to serve its citizens. As per the report of Global Infrastructure Outlook, Saudi Arabia needs an investment of USD 613 billion at the end of 2040. The road, rail and airports segments will need investments of USD 233 billion, USD 11 billion and USD 12 billion respectively by 2040. These investments will positively influence the insulation and finish system market within the forecast period.

Rising Demand for Energy-Efficient Buildings

Insulation acts as an obstacle to heat loss and heat gain, particularly in roofs, ceilings, walls, and floors. Insulation in any building provides resistance to heat flow and lowers heating and cooling costs. Properly insulating the building not only reduces heating and cooling costs but also improves comfort. In many residential buildings, insulation is the most cost-effective way to make a house more energy-efficient, keeping it cooler in summer and warmer in winter and saving up to 80% in heating and cooling losses. In addition, insulation may reduce condensation in homes. This can provide health benefits by reducing mold and dampness.

Global Exterior Insulation & Finish System (EFIS) Market: Restraints

Fluctuating Supply and Prices of Raw Material:

Increasing fluctuations in material costs due to changes in supply and demand and production costs are among the key factors affecting sales of exterior insulation and finish system market globally. The increased demand for the product affects the upward pressure on prices. Growing competition among industry players due to the large number of regional and multinational manufacturers is also a major obstacle to the growth of the industry. Manufacturers facing downward pressure on prices due to increased competition can hamper industry demand.

Raw materials of external insulation such as glass wool, stone wool, and plastic are subject to price and supply fluctuations in the international market. There is seen an increased dependency on imports for such materials used for building insulation. This often leads to fluctuation in the final prices of the building insulation products. This hampers the market growth of the Global exterior insulation and finish system market. In addition, the high profit margins of raw material suppliers can hamper demand for the product. Fluctuations in insulation and finished product prices due to changing economic conditions may hamper industry demand.

Availability Of Skilled Labor

The high number of construction projects across the globe creates a high demand for skilled workers. The market faces a shortage of skilled workers. The lack of skilled labor leads to an increase in the risks of contractors as it increases the likelihood of a delay. Moreover, many developing countries, such as India and China, have witnessed a severe shortage of skilled labor because of the migration of skilled workers, an aging workforce, and the lack of training. According to a skill gap report commissioned by the National Skill Development Corporation, in India, the building, construction, and real estate sector is around 31.13 million of additional skilled workforce in 2022. However, the gap between the required workforce and their employability is expected to hamper the construction industry, which would affect the growth of the market for exterior insulation and finish systems. There is a lack of experienced and trained workers and officers in the required number for the growth of the industry. It is also the reason for the concentration of manufacturing facilities in a few regions. This hampers market growth in the long run. Moreover, the ILOs Skills and Employability Program for Asia and the Pacific (SKILLS-AP) was also launched with the objective of providing solutions to the skill development issues in Asia-Pacific which might improve the conditions in the coming years.

Global Exterior Insulation & Finish System (EFIS) Market: Opportunities

Government Initiatives to Reduce Greenhouse Gas Emissions:

Global greenhouse gas emissions arise from the energy used to generate heat, with a vast majority of the residential buildings still relying on fossil fuel-powered gas boilers and building stock, which are poorly insulated and are inefficient. This gives building insulation the opportunity to cut greenhouse gas emissions and emissions of harmful pollutants. It helps the residential spaces and commercial spaces to cut money, with the most cost-effective opportunities expected to arise from better insulation and from replacing inefficient heating systems. It is important to ensure that the homes and buildings being built now and in the future are highly energy efficient. The government is committed to introducing various energy efficiency standards for new homes and buildings, which include insulation systems.

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Market Segments

The global exterior insulation & finish system (EFIS) market is segmented by type, insulation material, component, end-use industry and region. Based on type, the market is segmented into Polymer-Based (PB), and Polymer-Modified (PM). Based on insulation material, the market is segmented into Expanded Polystyrene (EPS), mineral wool and others. Based on component, the market is segmented into adhesive, base coat, and others. Based on the end-use industry, the market is segmented into residential and non-residential. Based on region, the market is segmented into Europe, North America, Asia-Pacific, South America, Middle East & Africa.

Market Players

Major market players in the global Exterior Insulation & Finish System (EFIS) market are BASF SE, Wacker Chemie AG, Sto Corp., Owens Corning, Omega Products International, Durabond Products Ltd, Adex Systems Inc., Terraco Group, The Dow Chemical Company, Master Wall Inc.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2022
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	Type Insulation Material Component End-Use Industry Region
Regional Scope	North America, Asia-Pacific, Europe, South America, Middle East & Africa
Country Scope	Germany, Italy, Spain, United Kingdom, France, United States, Canada, Mexico, China, India, Japan, Singapore, South Korea, UAE, Saudi Arabia, South Africa, Brazil, Argentina, Colombia
Key Companies Profiled	BASF SE, Wacker Chemie AG, Sto Corp., Owens Corning, Omega Products International, Durabond Products Ltd, Adex Systems Inc., Terraco Group, The Dow Chemical Company, Master Wall Inc
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global exterior insulation & finish system (EFIS) market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Exterior Insulation & Finish System (EFIS) Market, By Type:

Polymer-Based (PB)
Polymer-Modified (PM)

Exterior Insulation & Finish System (EFIS) Market, By Insulation Material:

Expanded Polystyrene (EPS)
Mineral Wool
Others

Exterior Insulation & Finish System (EFIS) Market, By Component:

Adhesive
Base Coat
Others

Exterior Insulation & Finish System (EFIS) Market, By End-Use Industry:

Residential
Non-Residential

Exterior Insulation & Finish System (EFIS) Market, By Region:

Europe

Germany
Italy
Spain
United Kingdom
France

North America

United States
Canada
Mexico

Asia Pacific

China
India
Japan
Singapore
South Korea

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Exterior Insulation & Finish System (EFIS) Market.

Available Customizations:

Global Exterior Insulation & Finish System (EFIS) Market with the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Exterior Insulation & Finish System (EFIS) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Study

2. Research Methodology

2.1. Baseline Methodology

2.2. Methodology Followed for Calculation of Market Size

2.3. Methodology Followed for Calculation of Market Shares

2.4. Methodology Followed for Forecasting

3. Executive Summary

4. Voice of Customer

5. Global Exterior Insulation & Finish System (EFIS) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Polymer-Based (PB), and Polymer-Modified (PM))

5.2.2. By Insulation Material (Expanded Polystyrene (EPS), Mineral Wool, and Others)

5.2.3. By Component (Adhesive, Base Coat, and Others)

5.2.4. By End-Use Industry (Residential and Non-Residential)

5.2.5. By Region (Europe, North America, Asia-Pacific, Middle East & Africa and South America)

5.3. By Company (2022)

5.4. Market Map (By Type, By Insulation Material, By Component, By End-Use, By Region)

6. Europe Exterior Insulation & Finish System (EFIS) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Insulation Material

6.2.3. By Component

6.2.4. By End-Use

6.2.5. By Country

6.3. Europe: Country Analysis

6.3.1. France Exterior Insulation & Finish System (EFIS) Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Insulation Material

6.3.1.2.3. By Component

6.3.1.2.4. By End-Use

6.3.2. Germany Exterior Insulation & Finish System (EFIS) Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Insulation Material

6.3.2.2.3. By Component

6.3.2.2.4. By End-Use

6.3.3. United Kingdom Exterior Insulation & Finish System (EFIS) Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Insulation Material

6.3.3.2.3. By Component

6.3.3.2.4. By End-Use

6.3.4. Italy Exterior Insulation & Finish System (EFIS) Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Type

6.3.4.2.2. By Insulation Material

6.3.4.2.3. By Component

6.3.4.2.4. By End-Use

6.3.5. Spain Exterior Insulation & Finish System (EFIS) Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Type

6.3.5.2.2. By Insulation Material

6.3.5.2.3. By Component

6.3.5.2.4. By End-Use

7. North America Exterior Insulation & Finish System (EFIS) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Insulation Material

7.2.3. By Component

7.2.4. By End-Use

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Exterior Insulation & Finish System (EFIS) Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Insulation Material

7.3.1.2.3. By Component

7.3.1.2.4. By End-Use

7.3.2. Canada Exterior Insulation & Finish System (EFIS) Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Insulation Material

7.3.2.2.3. By Component

7.3.2.2.4. By End-Use

7.3.3. Mexico Exterior Insulation & Finish System (EFIS) Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Insulation Material

7.3.3.2.3. By Component

7.3.3.2.4. By End-Use

8. Asia-Pacific Exterior Insulation & Finish System (EFIS) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Insulation Material

8.2.3. By Component

8.2.4. By End-Use

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Exterior Insulation & Finish System (EFIS) Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Insulation Material

8.3.1.2.3. By Component

8.3.1.2.4. By End-Use

8.3.2. India Exterior Insulation & Finish System (EFIS) Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Insulation Material

8.3.2.2.3. By Component

8.3.2.2.4. By End-Use

8.3.3. Japan Exterior Insulation & Finish System (EFIS) Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Insulation Material

8.3.3.2.3. By Component

8.3.3.2.4. By End-Use

8.3.4. South Korea Exterior Insulation & Finish System (EFIS) Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Insulation Material

8.3.4.2.3. By Component

8.3.4.2.4. By End-Use

8.3.5. Singapore Exterior Insulation & Finish System (EFIS) Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Insulation Material

8.3.5.2.3. By Component

8.3.5.2.4. By End-Use

9. South America Exterior Insulation & Finish System (EFIS) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Insulation Material

9.2.3. By Component

9.2.4. By End-Use

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Exterior Insulation & Finish System (EFIS) Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Insulation Material

9.3.1.2.3. By Component

9.3.1.2.4. By End-Use

9.3.2. Argentina Exterior Insulation & Finish System (EFIS) Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Insulation Material

9.3.2.2.3. By Component

9.3.2.2.4. By End-Use

9.3.3. Colombia Exterior Insulation & Finish System (EFIS) Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Insulation Material

9.3.3.2.3. By Component

9.3.3.2.4. By End-Use

10. Middle East & Africa Exterior Insulation & Finish System (EFIS) Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Insulation Material

10.2.3. By Component

10.2.4. By End-Use

10.2.5. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Exterior Insulation & Finish System (EFIS) Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Insulation Material

10.3.1.2.3. By Component

10.3.1.2.4. By End-Use

10.3.2. Saudi Arabia Exterior Insulation & Finish System (EFIS) Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Insulation Material

10.3.2.2.3. By Component

10.3.2.2.4. By End-Use

10.3.3. UAE Exterior Insulation & Finish System (EFIS) Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Insulation Material

10.3.3.2.3. By Component

10.3.3.2.4. By End-Use

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends and Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

13.2.1. BASF SE

13.2.1.1. Business Overview

13.2.1.2. Key Personnel

13.2.1.3. Recent Developments

13.2.1.4. Financials

13.2.1.5. Geographical Presence

13.2.2. Wacker Chemie AG

13.2.2.1. Business Overview

13.2.2.2. Key Personnel

13.2.2.3. Recent Developments

13.2.2.4. Financials

13.2.2.5. Geographical Presence

13.2.3. Sto Corp.

13.2.3.1. Business Overview

13.2.3.2. Key Personnel

13.2.3.3. Recent Developments

13.2.3.4. Financials

13.2.3.5. Geographical Presence

13.2.4. Owens Corning

13.2.4.1. Business Overview

13.2.4.2. Key Personnel

13.2.4.3. Recent Developments

13.2.4.4. Financials

13.2.4.5. Geographical Presence

13.2.5. Omega Products International

13.2.5.1. Business Overview

13.2.5.2. Key Personnel

13.2.5.3. Recent Developments

13.2.5.4. Financials

13.2.5.5. Geographical Presence

13.2.6. Adex Systems Inc.

13.2.6.1. Business Overview

13.2.6.2. Key Personnel

13.2.6.3. Recent Developments

13.2.6.4. Financials

13.2.6.5. Geographical Presence

13.2.7. Terraco Group

13.2.7.1. Business Overview

13.2.7.2. Key Personnel

13.2.7.3. Recent Developments

13.2.7.4. Financials

13.2.7.5. Geographical Presence

13.2.8. The Dow Chemical Company

13.2.8.1. Business Overview

13.2.8.2. Key Personnel

13.2.8.3. Recent Developments

13.2.8.4. Financials

13.2.8.5. Geographical Presence

13.2.9. Master Wall Inc

13.2.9.1. Business Overview

13.2.9.2. Key Personnel

13.2.9.3. Recent Developments

13.2.9.4. Financials

13.2.9.5. Geographical Presence

13.2.10. Durabond Products Ltd

13.2.10.1. Business Overview

13.2.10.2. Key Personnel

13.2.10.3. Recent Developments

13.2.10.4. Financials

13.2.10.5. Geographical Presence

14. Strategic Recommendations

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements)

Figures and Tables

Frequently asked questions

What are the key driving factors for the growth of the global Exterior Insulation & Finish System (EFIS) market?

The major drivers influencing the growth of the Exterior Insulation & Finish System (EFIS) market are the growing investments in construction industry and stringent regulations to reduce greenhouse gas emissions.

What are the major challenging factors of the global Exterior Insulation & Finish System (EFIS) market?

The major challenge in the exterior insulation & finish system (EFIS) market is the limited awareness and the lack of skilled workers.

What are the key opportunities in the global Exterior Insulation & Finish System (EFIS) market?

Building related energy-efficient policies and regulations are the key opportunities in the global Exterior Insulation & Finish System (EFIS) market.

Who are the key market players in the global Exterior Insulation & Finish System (EFIS) market?

The key players in the Exterior Insulation & Finish System (EFIS) market include BASF SE, Wacker Chemie AG, Sto Corp., Owens Corning, Omega Products International, Durabond Products Ltd, Adex Systems Inc., Terraco Group, The Dow Chemical Company, Master Wall Inc.

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Press Release

Exterior Insulation & Finish System (EFIS) Market to be Dominated by Europe

Aug, 2023

Supportive government regulations on building insulations and the rise in investment requirements for infrastructure development are likely to propel the exterior insulation & finish system (EFIS) ma

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