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:
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.
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.
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:
However, the market for EIFS will remain somewhat limited to those building owners who are interested in a uniform, stucco-like appearance.