Exterior Insulation and Finishing System (EIFS) is an insulating, decorative, and protective finish system for exterior walls that can be installed on any type of construction. It is the only exterior wall covering that insulates and provides weather protection in a selection of shapes, colors, and textures that can replicate almost any architectural style or finish material, or stand by itself as an architectural finish. EIFS is wall cladding that utilizes stiff insulation boards on the outside of a wall and a plaster-like exterior covering. EIFS employs organic polymeric finishes reinforced with glass mesh. EIFS can be effective for both new construction and recladding applications, as an energy-efficient, economical wall covering. After World War II, buildings throughout Germany were damaged and in need of resurfacing. EIFS originated in Germany and came to the U.S. in the late 1960s.

EIFS, if installed properly, makes the building energy efficient. The EIFS costs more initially; however, it pays for itself over time. Structures with EIFS can save between 20% and 30% on energy bills as per the Oak Ridge National Laboratory. Aesthetics and creative freedom are the perks offered by EIFS. Expanded polystyrene (EPS) is a part of the system that can be cut or molded to create several shapes such as arches, columns, window details, and sculptures. EIFS costs less than traditional insulation materials. It does not encroach upon the interior area, as it is fitted on the outside. EIFS can be installed in extremely hot or cold places that otherwise are unlikely to accommodate construction. EIFS installations are technically challenging. Inexperienced workers plus fast-tracked construction can compromise the quality of EIFS. This could result in leak or holes in EIFS or worse. This is the primary restraining factor for the EIFS market.

Based on design, the exterior insulation and finish system (EIFS) market can be segmented into class Polymer based (PB), class Polymer Modified (Polymer Modified), Direct-applied Exterior Finish System (DEFS), and EIFS with drainage. Class PB is also known as ’soft coat’ EIFS. It utilizes adhesively fastened expanded polystyrene (EPS) insulation with glass fiber reinforcing mesh embedded in a nominal base coat. Class PB represents the majority of EIFS used in North America. Class PM is also known as ’hard coat’ EIFS. In class PM EIFS, reinforcing mesh is mechanically attached to the extruded polystyrene (XPS) insulation, over which a thick, cementitious base coat is applied. Class PM EIFS was developed for improved impact resistance. DEFS is an EIFS without insulation. DEFS are mainly used for soffits, stairwells, and high-impact prone areas that don’t require insulation. EIFS with drainage is also known as ’rain screen EIFS’.

In terms of geography, the EIFS market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). North America and Europe are key markets for EIFS. The market in MEA and Asia Pacific is relatively small, as compared to the market in Europe and North America.

Key players operating in the exterior insulation and finish systems (EIFS) market are BASF Corporation, RMAX, Dryvit Systems, Inc., Parex USA, Inc., Sto Corp., Lafargeholcim Ltd, The Dow Chemical Company, Saint-Gobain Weber, and Aliva UK Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Exterior Insulation Finishing System Market

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