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Exterior Wall Systems Global Market Report 2024 - By Growth, Key Factors, Drivers, Forecast By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all the necessary data for thriving in the Exterior Wall Systems industry. This report on Exterior Wall Systems market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The exterior wall systems market size has grown rapidly in recent years. It will grow from $216.3 billion in 2023 to $239.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to the construction boom, construction boom, sustainable building practices, urbanization, and population growth, building renovation, and retrofitting. The exterior wall systems market size is expected to see strong growth in the next few years. It will grow to $341 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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Key Market Players:
Nippon Sheet Glass Co.Ltd., Saint-Gobain Gyproc India, Sika AG, Etex Group Co., Owens Corning.
Market Drivers:
According to the Exterior Wall Systems Market Report 2024 by The Business Research Company, the increasing urbanization is expected to propel the growth of the exterior wall systems market. Urbanization refers to the process of the increasing growth and expansion of cities, often accompanied by population migration from rural to urban areas. Increasing urbanization creates a strong demand for exterior wall systems, as these systems are essential for constructing, renovating, and maintaining buildings in densely populated urban environments.
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Market segments for Exterior Wall Systems include:
• By Type: Ventilated Facade, Curtain Wall, Non-Ventilated Façade
• By Materials: Bricks And Stone, Metal Panels, Plaster Boards, Fiber Cement, Ceramic Tiles, EIFS, Glass Panels, High-Pressure Laminate boards, Fiberglass Panels, Wood Boards, Other Materials (Vinyl)
• By End-Use: Residential, Commercial, Industrial.
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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