Stratview Research delivers key insights into the global Exterior Wall System Market. According to Stratview Research, the market is segmented by Type (Ventilated and Non-Ventilated), by Material Type (Vinyl, Fiber Cement, Stucco, Masonry, Wood, and Others), by Application Type (Residential, Commercial, and Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The report suggests that the overall exterior wall system market was valued at USD 139.4 billion in 2021 and is likely to grow at a CAGR of 7.33% during 2022-2028 to reach USD 229.33 billion in 2028.
An exterior wall system is used either to absorb or shed the majority of bulk rainwater penetration before it enters the covered spaces of any wall assembly.
Market Drivers
The growth of the exterior wall system market is primarily driven by-
Increasing commercial infrastructure in the Asia-Pacific region,
Rising per capita expenditure for residential infrastructure,
Growing replacement of aging infrastructure.
Market Segments' Analysis
Based on the type, the market is segmented as ventilated and non-ventilated. The ventilated segment is estimated to account for the major share of the market during the forecast period. The major factor driving the growth of the segment is its ability to remove stale air outside, as a controlled indoor ventilated environment is comfortable and healthy for occupants and less inclined to mold growth and dust mites.
Based on the material type, the market is segmented as vinyl, fiber cement, stucco, masonry, wood, and others. Stucco is estimated to witness high growth in the market during the forecast period. The major factor driving the segment’s growth is its ability to fix hairline cracks without patch-up, letting the material remain good at moisture in cold climates.
In terms of regions, Asia-Pacific is estimated to lead the market during the forecast period. Shifting focus to slow down the construction solutions to decrease greenhouse gas emissions is expected to increase market expansion. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players
The following are some of the key players in the Exterior Wall System Market:
Asahi Glass (AGC)
Boral Limited
CSR Limited
Fletcher Buildings
James Hardie
Nippon Glass Sheet
Lronospan Limited
Toray Industries Ltd
Saint Gobain
The Dow Company
USG Corporation.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Exterior Wall System Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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