Europe Exterior Sheathing Market to Reach US$ 2.6 Billion by 2027

The latest research study by IMARC Group "Europe Exterior Sheathing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The Europe exterior sheathing market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2027, exhibiting a growth rate (CAGR) of 3.7% during 2022-2027.

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Europe Exterior Sheathing Market Outlook:

Exterior sheathing is a covering or supporting structure that forms a part of floor, wall, and roof assemblies. It strengthens the body, provides a surface for other materials to be applied, and gives some degree of weather resistance. It is made of engineered timber, plywood, gypsum, and oriented strand board (OSB). It is the most common type of sheathing and has structural or nonstructural functions. It helps prevent bending, which can occur during extreme weather or when the house's foundation settles. It also assists in keeping the heat in and wind and water out.

Europe Exterior Sheathing Market Demand:

The market in Europe is majorly driven by the increasing product demand in the commercial, industrial, and residential sectors. In line with this, the rising government spending on infrastructural development is significantly contributing to market growth. Furthermore, the considerable growth in the construction industry is positively influencing the market. Apart from this, the rising demand for green buildings is catalyzing the market. Moreover, the key players are focusing on using advanced sheathing materials, which minimize the potential for insulation. Besides, the market players are heavily investing in developing efficient building technologies. This, in turn, is creating a positive outlook for the market. In addition, due to growing environmental concerns, builders are shifting their preference towards sustainable and eco-friendly construction materials, thereby providing a boost to the demand for exterior sheathing.

Browse Full Report With TOC: https://www.imarcgroup.com/europe-exterior-sheathing-market

Key Market Segmentation:

Breakup by Sheathing Type:

• Structural Exterior Sheathing
• Non-Structural Exterior Sheathing

Breakup by Product Type:

• OSB (Oriented-Strand Board)
• Plywood
• Particle Board
• Medium Density Fibreboard (MDF)
• Others

Breakup by Application:

• Wall
• Roof
• Others

Breakup by End Use Sector:

• Residential
• Commercial
• Industrial
• Institutional

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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