Press release
Exterior Wall Systems Market Size worth USD 364.61 billion with 7.2% CAGR by 2027 | Fortune Business Insights
Exterior Wall Systems Market
According to the UN, India, China, and Nigeria will be the global urban hotspots, adding 416 million, 255 million, and 189 million urban dwellers, respectively, in the next three decades. Urban areas typically comprise a large of residential and commercial infrastructures that require efficient and effective external protection from inclement weather, natural disasters, and pollution. Exterior wall systems provide this protection to buildings owing to their properties of thermal insulation and the ability to prevent excessive water penetration that can weaken structural integrity. Thus, rapid growth in urban spaces around the globe will create excellent opportunities for players in this market.
The report states that the global market value was at USD 213.45 billion in 2019 and offers the following:
The detailed evaluation of the market trends, drivers, and restraints;
Granular examination of the different market segments;
A careful study of the regional and competitive developments influencing the market growth; and
Panoramic overview of the overall industry outlook and prospects.
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List of Key Companies Profiled in the Exterior Wall Systems Market Report:
Dow (U.S.)
USG Boral (Australia)
Etex Group (Belgium)
3A Composite Holding AG (Switzerland)
Saint-Gobain (France)
Sika AG (Switzerland)
DuPont (U.S.)
LafargeHolcim (Switzerland)
Owens Corning (U.S.)
SCG (Thailand)
PPG Industries, Inc. (U.S.)
AGC Inc. (Japan)
Nippon Sheet Glass Co., Ltd (Japan)
Restraining Factor
Subdued Construction Activities amid COVID-19 to Restrict Market Growth
The exterior wall systems market growth is expected to get hit in 2020 as the COVID-19 pandemic has caused a severe downturn in construction activities worldwide. In August 2020, the London-based Royal Institution of Chartered Surveyors (RICS) reported that only 20% of the halted construction projects around the globe are likely to restart in the post-pandemic period.
Furthermore, with a quarter of the construction projects on pause and on-site productivity falling by 12%, the RICS predicts that the financial repercussions of these developments will have to be borne by the construction industry over the next twelve months. The demand for exterior wall systems will inevitably in the face of such dire circumstances as these products are heavily dependent on the construction industry, especially in emerging economies such as India and China. Moreover, falling demand and economic fallout of the pandemic has delayed investments in new construction technologies, which will create hindrances for this market.
Regional Insights
Infrastructural Development Enable Rapid Market Expansion in Asia Pacific
With a market size of USD 86.45 billion, Asia Pacific commanded the exterior wall systems market share in 2019 and is expected to continue its exceptional performance during the forecast period. This expectation from the region is based on the massive investments by governments in India and China to support infrastructural development. More specifically, these countries are aggressively implementing policies and adopting advanced technologies to build sustainable critical infrastructures such as airports and railways, which is likely to spike the demand for exterior wall systems in the region.
In Europe, favorable policies of the European Union (EU) supporting the construction of energy-efficient buildings in the continent are accelerating market growth in the region. In North America, the speedy uptake of highly sophisticated construction technologies and materials will propel regional market growth.
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Competitive Landscape
Development of Sustainable Insulation Solutions by Key Players to Augment Market Potential
Key players in this market are concentrating their resources and technologies towards developing next-gen, sustainable exterior and interior insulation solutions for the construction industry. To further enhance their R&D capacity, companies are also forging alliances with other players as well as engaging in acquisition activities.
Detailed Table of Content:
Introduction
Research Scope
Market SegHouseholdtation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Market Trends in the Global Market
Key Developments: Mergers, Acquisition, Partnership, etc. .
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Qualitative Insights Impact of COVID 19 on Global Exterior Wall Systems Market
Supply Chain Challenges
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
Global Exterior Wall Systems Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Size Estimates and Forecast
By Material (Value)
Vinyl
Ceramic Tiles
Plasterboard
Glass Panel
EIFS
Fiber Cement
Wood Board
HPL Board
Bricks & Stone
Others
By Type (Value)
Ventilated Façade
Curtain Wall
Non Ventilated Façade
By End-Use (Value)
Residential
Non-Residential
By Region (Value)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued…!
Industry Development:
September 2020: Saint-Gobain announced the takeover of the Dutch external insulation specialist, Strikolith. The acquisition will allow Saint-Gobain to expand its offerings in External Thermal Insulation Composite Systems and construction chemicals in the Netherlands.
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