Exterior Wall System Market Growth & Forecast Analysis | 2022-2028

Stratview Research announces the launch of a new research report on the Exterior Wall System Market 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).
Highlights from the Report
The exterior wall system market was estimated 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.
COVID-19 IMPACT
The global pandemic Covid-19 significantly impacted the exterior wall system market in 2020. The market is expected to revamp owing to the revival of the construction sector post-pandemic.
The report comprises an analytical representation of the Exterior Wall System Market size along with current trends, challenges, and future estimations to depict imminent investment pockets. To understand the profitable trends and gain a stronger foothold, the report also helps the users with key information related to growth drivers, restraints, and opportunities in the market. The current Exterior Wall System Market forecast is quantitatively analyzed from a particular time period of 5 years to benchmark the financial competency. The user will also get detailed info about the market trends and share of key vendors.
Market Dynamics
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.
Report Features
This report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Key success factors
This report studies the Exterior Wall System Market and has segmented the market in few ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the ways in which the market is segmented.
By Type
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.
By Material Type
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.
Regional Insights
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.
Following are 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.
Read More: https://www.stratviewresearch.com/1868/exterior-wall-system-market.html
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