DUBLIN--(BUSINESS WIRE)--The "US Exterior Insulation Finishing Systems (EIFS) Siding Market 2022-2025" report has been added to ResearchAndMarkets.com's offering.
This industry study analyzes the $390 million US EIFS siding industry. It presents historical demand data (2010, 2015, 2020) and forecast (2025 and 2030) by market (new commercial, commercial renovation, new residential, residential renovation). The study also evaluates industry competitors such as Dryvit Systems, Master Builders Solutions, Master Wall, Parex USA, and Sto Corporation.
Demand for EIFS siding in the US is projected to increase 1.5% per year through 2025 to 2.9 million squares valued at $490 million. Gains will be driven by:
- rising building construction activity
- increased interest in EIFS due to its energy efficiency, as home and business owners alike look to save costs
- product developments that are expanding the range of colors and textures in which EIFS siding is available, allowing the material to be used in a wider range of styles (for example to mimic a brick aesthetic)
However, faster demand gains will be restrained by intense competition from alternative stucco and fiber cement, which have similar aesthetics and are more familiar to consumers and building construction professionals.
Product Improvements to Boost Adoption in Residential Applications
As manufacturers continue to improve EIFS durability and moisture resistance, more consumers are likely to opt for this product, particularly in areas of the country where the look of EIFS and stucco is already popular, such as the Southeastern states and in the West.
Outside of these areas, the widening range of colors and textures that EIFS can emulate will also increase demand for these products. Introduction of EIFS siding that imitates bricks, for example, can increase use of this material in the Northeast and Middle Atlantic states where brick aesthetics predominate. Additionally, rising contractor familiarity with EIFS will support demand, as this will limit improper installation of EIFS, which in the past has led to a negative perception of the material.
EIFS Benefits from Performance Characteristics in the Commercial Market
Demand for EIFS siding in the commercial market is expected to increase through 2025, as more commercial building owners opt for the material due to its:
- strong fire-resistant properties, especially as building codes increasingly focus on fire safety
- insulative qualities, which will appeal to building owners looking to either lower costs through improved energy efficiency or to earn credits for sustainable building practices
- durability relative to other lower cost siding materials
However, the market for EIFS will remain somewhat limited to those building owners who are interested in a uniform, stucco-like appearance.
Key Topics Covered:
1. Executive Summary
2. About This Report
3. Overview
4. Markets
5. Competitive Landscape
6. Appendix
- Scope
- Definitions
- Methodology
- Study-Specific Methodology
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
- Economic Environment
- Demographic Trends
- Building Construction
- Residential Building Construction
- Residential Improvements & Repairs
- Commercial Building Construction
- Commercial Building Improvements & Repairs
- Housing Completions
- Housing Stock
Companies Mentioned
- Dryvit Systems
- Master Builders Solutions
- Master Wall
- Parex USA
- Sto Corporation
For more information about this report visit https://www.researchandmarkets.com/r/685dta
