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Stucco Market Opportunities And Strategies 2023-2032 - Growth Analysis, Outlook, Overview
Stucco Market
The Business Research Company's Stucco Global Market Report 2023 identifies rapid growth of smart buildings as the major driver for the Stucco market's growth in the forecast period. Stucco technology is widely used in smart building construction because it is so durable, and it is relatively inexpensive. For instance, according to the US Department of Energy report, in October 2021 the US government invested $61 million in the development of smart buildings.
The global stucco market size grew from $11.96 billion in 2022 to $12.79 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global stucco market is expected to grow to $15.89 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the Stucco market are Sika AG, Cemex, BASF SE, Omega Products International, Dryvit Systems Inc., Quikrete, STO Group.
A key trend in the Stucco market includes use of mortar spraying machines. Major companies operating in the stucco sector are focused on developing new technological solutions such as stucco spraying machines to strengthen their position. For instance, in 2020, Hunan Gaohua New Materials Technology Co. Ltd., a China-based company that manufactures construction equipment and stucco sprayers, launched its new product, stucco tool mortar cement plastering machine model GH. It is a lightweight machine with a high spraying capacity.
Read More On The Global Stucco Market Report Here:
https://www.thebusinessresearchcompany.com/report/stucco-global-market-report
The Stucco market is segmented -
• By Type: Traditional, Insulated
• By Base: Concrete, Masonry, Tile, Other Bases
• By Material: Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, Other Materials
• By Application: Residential, Non Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Stucco market.
The Business Research Company's "Global Stucco Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Stucco Market Include:
1. Executive Summary
2. Stucco Market Characteristics
3. Stucco Market Trends And Strategies
4. Stucco Market - Macro Economic Scenario
5. Stucco Market Size And Growth
…………………………………………………………………………………..
26. Africa Stucco Market
27. Stucco Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Stucco Market
29. Stucco Market Future Outlook and Potential Analysis
30. Appendix
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