US$ 15.6 Bn Opportunity in the Global Stucco Market, North America Remains the Largest Market

A new research study titled, “Stucco Market - Global Industry Analysis, Size, Growth, Trends, Share and Forecast 2017 – 2026” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global stucco market is likely to witness a CAGR of 4.9% and reach a valuation of nearly US$ 15.6 Bn by 2026.

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Demand for stucco is directly linked to the broader developments in the housing market, which in turn is dependent on the macroeconomic factors. The relative stability in the US housing market, combined with steady growth in China and India are among the key factors driving the growth of the stucco market globally. Positive consumer confidence has spurred investments in home furnishing and renovation, which has further led to an increase in the demand for stucco globally.

The research study highlights the key factors that are likely to impact the stucco market during the assessment period. A holistic and comprehensive analysis on the drivers, restraints, opportunities, and threats in the market has been included in the report for the perusal of the readers. Stakeholders in the market can also get detailed insights and analysis on the business and product strategies of key players.

In a bid to offer relevant insights and analysis, the research study offers segment-wise analysis and forecast. On the basis of product type, demand for newer one-coat stucco is likely to remain robust during the assessment period. The newer one-coat stucco segment is projected to reach a valuation of nearly US$ 6.7 billion during the assessment period. This product type segment is likely to account for over 50% revenue share of the market.

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By region, North America is likely to remain the most lucrative market for stucco market globally. The demand for stucco in North America is likely to remain concentrated in the US, which accounts for a sizeable revenue share of the global market. In addition to North America, Asia Pacific is likely to account for a sizeable share of the global stucco market. The demand for stucco in Asia Pacific is likely to remain concentrated in China and India, where investment in infrastructure projects is boosting demand.

In addition to regional insights, the report also offers analysis and forecast on the basis of insulation type and application. By insulation type, demand for insulated siding is likely to witness steady growth during the assessment period, whereas residential building segment is likely to lose market share by the end of the forecast period.

The key companies profiled in the global stucco market include Omega Products, Merlex Stucco, Parex Inc., CertainTeed Corporation, BASF SE, California Stucco Products Corporation, E. I. du Pont, Integrated Stucco Inc., LaHabra Stucco and Arcat Inc.

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This release was published on openPR.