Exterior Sheathing Market, By Sheathing Type (Structural Exterior Sheathing and Non-Structural Exterior Sheathing),will witness a CAGR of 5.02%

Data Bridge Market Research analyses that the exterior sheathing market will witness a CAGR of 5.02% for the forecast period of 2021-2028. Increase in the demand for exterior sheathing for a wide range of applications such as industrial, commercial, residential and institutional, growth and expansion of buildings and construction industry especially in the developing economies like India and China and surge in industrialization in the developing countries are the major factors attributable to the growth of the exterior sheathing market.   

Sheathing refers to those materials which are used in walls, roofs and floor assemblies. Sheathing refers to a panel or board material which is added to provide an exterior protective layer and prevents wind and water from entering. Sheathing acts as an underlayment for various exterior siding materials such as wood, metal or vinyl siding, masonry veneer, stucco, shingles, and so on.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-exterior-sheathing-market

Rising urbanization, infrastructural development and construction activities especially in the developing economies is the root cause fuelling up the exterior sheathing market growth rate. Substantial recovery from the global economies recession is another factor responsible for propelling growth in the exterior sheathing market value. Rising application of insulating materials like wood panels and foam will further create lucrative growth opportunities for the exterior sheathing market. Rising industrialization coupled with increased focus on the development of more efficient building technologies, such as automated production and installation processes will also directly and positively impact the growth rate of the market. Increased initiatives and regulations imposed by the government to reduce carbon footprint coupled with rising environmental concerns will further propel the market growth rate.

However, lack of awareness in small and middle class economies will pose a major challenge to the growth of exterior sheathing market. Fluctuations in the prices of raw materials will also dampen the exterior sheathing market growth rate.

Key Players Analysis:

The major players covered in the exterior sheathing market report are Weyerhaeuser Company, Georgia-Pacific, International Paper, Stora Enso Oyj, West Fraser, Huber Engineered Woods LLC, National Gypsum Services Company, Louisiana-Pacific Corporation, Kronoplus Limited, Tolko Industries Ltd., SWISS KRONO Tec AG, EGGER Group, MEDITE SMARTPLY, DOK Kalevala, DIEFFENBACHER GMBH Maschinen- und Anlagenbau, LANGBOARD OSB, Luli Group Co., Ltd. and Hubei BaoYuan Wood Industry Co.Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Exterior Sheathing Market Scope and Market Size

The exterior sheathing market is segmented on the basis of sheathing type, product type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of sheathing type, the exterior sheathing market is segmented into structural exterior sheathing and non-structural exterior sheathing.

On the basis of product type, the exterior sheathing market is segmented into OSB (oriented- strand board), plywood, particle board, medium density fir board (MDF) and others.

On the basis of application, the exterior sheathing market is segmented into wall, roof and others.

On the basis of end use, the exterior sheathing market is segmented into residential, commercial, industrial and institutional.

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