The growing demand for energy-efficient solutions in the construction market significantly drives the growth of the Exterior Insulation and Finish System market. EIFS is a multilayered exterior wall system that offers insulation, water resistance, and also an attractively finished appearance to buildings. Due to its higher thermal performance and saving energy, it has found wider applications in both residential and commercial constructions. Sales of Exterior Insulation and Finish Systems reached a value of US$ 3.7 Billion in 2023. In the analysis period of 2023-2033, the market is set to advance at a CAGR of 13.9%, reaching a valuation of US$ 13.6 Billion by the end of the study period. Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8695 What is EIFS? EIFS stands for Exterior Insulation and Finish System, a unique cladding system in that it integrates insulation, water resistance, and a finished surface in one composite material system for exterior walls. It finds broad applications in new constructions and renovations of buildings alike. The system generally consists of a number of layers that may include the following: Insulation Layer: Comprising rigid insulation boards, more often than not made from expanded polystyrene (EPS), this layer insulates the building thermally and increases energy efficiency. Base Coat: The layer that covers the insulation has a fiberglass mesh included in order to enhance the toughness of the system. Finish Coat: Usually, the top layer is from an acrylic material and serves for aesthetic purposes along with the aspect of weather resistance. Over time, EIFS became popular because of a few of its advantages: energy efficiency improved due to the constructive nature, protection from moisture, and design flexibility. All these have rendered it a preferred choice for architects and builders who aim for sustainable construction. What are the Two Types of EIFS Systems? There are two major types of EIFS systems in operation today: Barrier EIFS: In these traditional systems, the exterior finish and base coat are the barriers to water. This system does not accommodate the ability for water to penetrate other than in the outermost layers. Drained EIFS: This is one of the more modern solutions, actually devised to incorporate channels through which water can be drained outside in case it might penetrate the outer layers. One added advantage of the drainable EIFS system includes a moisture barrier applied directly behind the insulation layer for further protection against water and mold growth. Each of these systems brings along some advantages depending on what a project calls for, but drainable EIFS are preferred in areas that usually record high rainfall or humidity. EIFS in Construction In building construction, EIFS stands for Exterior Insulation and Finish System. It is, in general, the cladding method, normally adopted to improve energy efficiency as well as improve the exterior of buildings. EIFS can also be referred to as an alternative to traditional siding materials, such as brick or wood, because it can be molded into different textures and styles that give the owner a flexibility in design while providing superior insulation properties.
EIFS Market Outlook Market demand for EIFS is expected to see innumerable growth shortly due to a few key drivers that will push the demand higher. These include: Energy Efficiency: As the demand for energy-efficient building solutions has risen, so also has the positioning of EIFS as an ideal cladding system in ensuring the energy consumption of buildings comes down. Incidentally, several construction firms have started using EIFS to meet strict energy code requirements on a number of sustainable building practices. Boom in Urbanization and Construction: The rampant urbanization, especially in the developing parts of the world, has created a demand for sophisticated systems for insulation. Due to this, cities are developing very fast, and the residential, commercial, and industrial buildings are coming up in a big way, which in turn is resulting in increasing the adoption of EIFS. Government Regulations: Increasing energy efficiency and environmental concerns in the form of regulations for the construction industry boost the demand for EIFS. Governments, especially in most regions have been introducing different types of incentives and building mandates that meet higher energy standards thereby driving the usage of EIFS systems. Key Companies Covered
BASF SE
Sika Corporation
Owen Corning
Wacker Chemie AG
Sto SE & Co KGaA
Parex Group
Danosa
Baumit GmbH
Dryvit Systems, Inc.
Key Issues Encountered by EIFS Market Despite all these advantages, a few development deficiencies characterize the EIFS market. Installation costs for EIFS are slightly higher compared to traditional systems of insulation, hence scaring away low-budget builders. In addition, EIFS requires proper installation for its effectiveness and durability over a long period. Poorly installed EIFS systems may open up avenues for water infiltration and, consequently, structural damage, thereby giving EIFS a bad reputation in certain regions. However, all these challenges have been and will gradually be overcome due to improvements in technology and installer training. Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=8695 Conclusion EIFS is one of the versatile, energy-efficient, and good-looking exterior wall systems that have found increasing application in modern construction. It boasts good insulation and moisture resistance,
hence is set to contribute immensely to the aspirations of the construction industry towards sustainability. The market for EIFS is expected to grow considerably over the coming years, with building codes becoming stricter and energy efficiency becoming increasingly in the spotlight. Newer materials and methods of installation have made it an even more enticing option in both residential and commercial construction projects. About Fact.MR : We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction. Contact: US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D) Sales Team:
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