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US Exterior Insulation Finishing Systems (EIFS) Siding Market 2022-2025

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  • 57 Pages
  • March 2022
  • Region: United States
  • The Freedonia Group
  • ID: 5562660

Product Improvements to Boost Adoption in Residential Applications

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.

Table of Contents

1. Executive Summary
2. About This Report
  • Report Details
  • Study Scope & Product Description
  • Impact of COVID-19 Pandemic on the EIFS Siding Industry
3. Overview
  • Historical Market Trends
  • Demand Outlook
  • Pricing Trends
  • Competitive Products
  • Factors Impacting EIFS Siding Demand
  • Construction Industry Outlook
  • Building Codes & Product Standards
  • Green Building Standards (ICC Codes & LEED)
  • New Product Development
4. Markets
  • Demand by Market
  • Residential Buildings
  • Commercial Buildings
5. Competitive Landscape
  • Industry Composition
  • Key Suppliers
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
List of Tables
2. About This Report
Table 2-1 Annual EIFS Siding Demand by Market & Application, 2019-2022 (million squares)
3. Overview
Table 3-1 EIFS Siding Demand, 2010-2021 (million dollars & million squares)
Table 3-2 EIFS Siding Demand, 2010-2030 (million squares & million dollars)
4. Markets
Table 4-1 EIFS Siding Demand by Market, 2010-2030 (million squares)
Table 4-2 Residential EIFS Siding Demand by Application & Housing Type, 2010-2030 (million squares)
Table 4-3 Commercial EIFS Siding Demand by Application, 2010-2030 (million squares)
6. Appendix
Table 6-1 Relevant Industry Codes
Table 6-2 Relevant HS Codes
Table 6-3 Macroeconomic Indicators, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-4 Population & Households, 2010-2030 (million persons)
Table 6-5 Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-6 Residential Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-7 Residential Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-8 Commercial Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-9 Commercial Building Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 6-10 New Housing Indicators, 2010-2030 (thousand units)
Table 6-11 Housing Stock by Type, 2010-2030 (million units)
List of Figures
1. Executive Summary
Figure 1-1 US EIFS Siding Market
2. About This Report
Figure 2-1 EIFS Siding: Product Examples
Figure 2-2 Annual EIFS Siding Area Demand by Market & Application, 2019-2023 (% annual change)
3. Overview
Figure 3-1 EIFS Siding Demand, 2003-2021 (million squares)
Figure 3-2 EIFS Siding Demand, 2010-2030 (million squares)
Figure 3-3 EIFS Average Price, 2003-2025 (dollars per square)
Figure 3-4 Comparative Demand Growth: EIFS Siding & Competitive Products, 2020-2025 (% CAGR)
Figure 3-5 EIFS Siding: Key Competitive Factors
Figure 3-6 Building Construction Expenditures, 2000-2025 (billion 2012 dollars)
4. Markets
Figure 4-1 EIFS Siding Demand by Market, 2010-2030 (million squares)
6. Appendix
Figure 6-1 Housing Stock: Share by Year of Construction, 2020 (million units)



Companies Mentioned

  • Dryvit Systems
  • Master Builders Solutions
  • Master Wall
  • Parex USA
  • Sto Corporation