PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1518897
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1518897
Rising Urbanization, Regulations, and Sustainability Imperatives Create Demand and Drive Industry Expansion
In this analysis, Frost & Sullivan covers external insulation finishing systems (EIFS) and structural insulated panels (SIPs). For both products, we analyzed regional and global volumes and revenues, residential and nonresidential volumes, pros and cons, leading companies, and growth drivers and restraints. We also provided deeper qualitative analysis for some markets, such as Europe and North America.
Sustainability trends-particularly those oriented to reduce carbon emissions-in the construction sector will continue to be a significant driver for EIFS and SIPs, not just for the systems but also for the component materials. As investors stay interested in reducing the carbon footprint of their real estate projects, carbon emission reductions will keep driving innovations along the value chain.
Globally, fire and mold are critical issues for EIFS, regardless of whether these issues are real or perceived. In regions like North America and Europe, these carry more weight in purchasing decisions. Improvements in the user experience are a way of circumventing these two issues.
With 2023-2030 as the study period, the base year is 2023, and the forecast period is 2024-2030. The five regions covered are North America; Latin America; The Middle East, Africa, and South Asia; Europe; and Asia-Pacific.