세계의 외단열공법(EIFS) 시장 : 현황 분석과 예측(2024-2032년)

EIFS stands for Exterior Insulation and Finish System, which is an exterior cladding that incorporates an insulation system, cavity, water-resistant, and surface finish in one system design. It normally comprises an insulation board, followed by an adhesive or mechanical fastener, a base coat in which a reinforcing mesh is embedded, and a textured finish coat. EIFS is appreciated for the following features: energy efficiency/unfavorable climate, design freedom, and the absence of thermal breakthrough.

The Exterior Insulation and Finish System (EIFS) Market is expected to grow with a significant CAGR of 9.5% during the forecast period (2024-2032). This is mainly due to the rising need for energy consumption, increased application of building standards that encourage thermal insulation, and improved consciousness of sustainable construction. Adding to this, the increasing rate of urbanization as well as construction sector development, especially in the developing world, is also fueling the need. Further, technological improvements in EIFS, including moisture-resistant and fire retardant systems have compounded product demand in both the residential and commercial classes.

Based on the type, the market is segmented into polymer based, polymer modified. The polymer-based held a significant share of the market in 2023. This is due to its increased durability, flexibility, and resistance to cracking for different climate and structural uses. These systems offer excellent adhesion and water resistance meeting the increasing market needs for low-maintenance exterior products. Due to their low mass, they take a shorter time as well as are cheaper to install especially in construction plans. Polymer-based EIFS are widely used because firms are creating new blends to enhance the properties of the material and joining hands with contractors for its installation. Also, they invest in certification and ensuring that building requirements for green buildings are met to encourage widespread use.

Based on insulation material, the market is segmented into expanded polystyrene, mineral wool, and others. Expanded polystyrene is expected to grow with a significant CAGR during the forecast period (2024-2032). EPS is driving the market because it is cheaper, lighter, and provides better thermal insulation as compared to other materials used in EIFS. Its flexibility in installation as well as better energy performance also addresses growing needs for ecofriendly construction applications. EPS also has a recycling ability and it has contributed to the world's recycling ability. Moreover, companies get involved with EPS-based EIFS by funding R&D to improve fire resistance and moisture management characteristics. They also sell EPS systems as a green building product and use it with advanced finishing technology to expand its usage. For instance, on 11 March 2022, BASF expanded its portfolio of graphitic expandable polystyrene (EPS) granulate. Neopor(R) F 5 McycledTM contains 10 percent recycled material and is suitable for numerous applications in buildings, particularly facade insulation. The new raw material is produced using the extrusion process and offers the same proven mechanical properties and optimized insulation performance as Neopor(R) F 5200 Plus.

Based on the end user, the market is segmented into residential, and non-residential. Residential held a significant share of the market in 2023. This is because the higher demand for EIFS in new residential constructions is driven by an increasing trend in urbanization and newly implemented stringent energy-efficiency standards. Adding to this, the renovation of older homes also fuels the segment's growth. Residential forms are provided by the EIFS companies in an expenditure way, selecting solutions that can be produced and installed easily at homes by homeowners and small contractors. They also target training programs and technology solutions for the simplification of the use of residential EIFS.

For a better understanding of the market adoption of exterior insulation and finish system (EIFS), the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is expected to grow with a significant CAGR during the forecast period (2024-2032). This is due to the high demand for the Asia-Pacific region considering its increasing urbanization rate, growing construction industries in countries like China and India, and increased awareness of the government for energy efficient buildings. According to International Trade Administration estimates, overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach roughly 27 trillion yuan (USD 4.2 trillion). The new plan emphasized 9 key items for energy efficiency and green building development; it also calls for retrofitting of over 350 million square meters of buildings and the construction of over 50 million square meters of net zero energy consumption buildings. The increasing population of middle and upper-middle-income earners in the region creates demand for new-age residential and commercial buildings with superior thermal performance. The use of EIFS in Asia-Pacific is made possible by the management of costs and production localization to result in cost-effective solutions. They work with local contractors to gain the base to start in new markets and develop new products to meet specific regional conditions for example high humidity and seismic activities.

Some of the major players operating in the market include Sto Corp.; BASF; Sika AG; Dryvit; Wacker Chemie AG; Dow; Parex USA, Inc.; ADEX SYSTEMS INC; Master Wall(R), Inc.; OWENS CORNING.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Exterior Insulation and Finish System (EIFS) Market
• 2.2. Research Methodology of the Exterior Insulation and Finish System (EIFS) Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL EXTERIOR INSULATION AND FINISH SYSTEM (EIFS) MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY TYPE

• 7.1. Polymer Based
• 7.2. Polymer Modified

8.MARKET INSIGHTS BY INSULATION MATERIAL

• 8.1. Expanded Polystyrene
• 8.2. Mineral Wool
• 8.3. Others

9.MARKET INSIGHTS BY END USER

• 9.1. Residential
• 9.2. Non-residential

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. U.S.
  • 10.1.2. Canada
  • 10.1.3. Rest of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. France
  • 10.2.3. UK
  • 10.2.4. Spain
  • 10.2.5. Italy
  • 10.2.6. Rest of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. Japan
  • 10.3.3. India
  • 10.3.4. Rest of APAC
• 10.4. Rest of the World

11.VALUE CHAIN ANALYSIS

• 11.1. Marginal Analysis
• 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.COMPANY PROFILES

• 13.1. Sto Corp.
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. BASF
• 13.3. Sika AG
• 13.4. Dryvit
• 13.5. Wacker Chemie AG
• 13.6. Dow
• 13.7. Parex USA, Inc.
• 13.8. ADEX SYSTEMS INC
• 13.9. Master Wall(R), Inc.
• 13.10. OWENS CORNING

14.ACRONYMS & ASSUMPTION

15.ANNEXURE