Press release
Exterior Wall Systems Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Exterior Wall Systems Market
The Business Research Company offers in-depth market insights through Exterior Wall Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 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%. The growth in the forecast period can be attributed to energy-efficient retrofitting, urban density and vertical construction, climate change adaptation, pandemic-resilient buildings, green building certification. Major trends in the forecast period include energy-efficient insulation, facade design and aesthetics, digital building information modeling (bim), smart wall systems, modular and prefabricated wall systems.
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Market Segmentation:
The main types of exterior wall systems include ventilated facades, curtain walls, and non-ventilated facades. The ventilated facade refers to facade construction with an air gap between the insulation and cladding. A ventilated exterior wall system is a dry-installed exterior building envelope system developed to protect buildings against the combined action of rain and wind by counterbalancing the effects of water beating on walls and keeping the building dry. The main material types used in the exterior wall systems are bricks and stone; metal panels; plasterboards; fibre cement; ceramic tiles; EIFS; glass panels; high-pressure laminate boards; fibreglass panels; wood boards; and others (vinyl exterior). Exterior wall systems are used in residential, commercial, and industrial applications.
Major Driver - Sustainable Construction Trends Drive Growth In The Exterior Wall Systems Market
The growing demand for green buildings is contributing to the growth of the exterior wall systems market. Green building and eco-friendly infrastructure reduce carbon emissions, energy consumption, and water consumption. For instance, according to a report by ANAROCK, a real estate services company, the demand for green buildings in India is expected to double by 2022, reaching nearly 10 billion sq ft, and is expected to be valued at $35-50 billion. Therefore, growing demand for green buildings will drive the growth of the exterior wall systems market.
Competitive Landscape:
Major companies operating in the exterior wall systems market include Nippon Sheet Glass Co.Ltd., Saint-Gobain Gyproc India, Sika AG, Etex Group Co., Owens Corning, Evonik Industries AG, Holcim Group Co., USG Boral Corp., DuPont Inc., Fletcher Building Co., Egger Group, Toray Industries Inc., CSR Ltd., CRH plc, Cornerstone Building Brands Co., Schweiter Technologies AG, AGC Inc., James Hardie Australia Pty Ltd., Alcoa Corporation, 3A Composites, Avient Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, Cornerstone Building Brands, The Dow Company, Boral Limited, Siam Cement Group, USG Corporation, Kingspan Group, Cembrit Holding A/S, Tata Steel Limited, ArcelorMittal Corp., Nippon Steel & Sumitomo Metal Corporation, BlueScope Steel Limited, Ruukki Construction Oy, Alubond U.S.A., Alstrong Enterprises India Pvt. Ltd., Aludecor Lamination Pvt. Ltd., Alumax Panel Inc., Alumil S.A.
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Top Trend - Innovative Product Developments And Strategic Acquisitions Drive Progress In The Exterior Wall Systems Market
Product innovations are a key trend gaining popularity in the exterior wall systems market. Companies in the market are launching new, innovative products. For example, in March 2021, DuPont, a chemical company based in the United States, introduced the new DuPontTM Tedlar® polyvinyl fluoride (PVF) film for laminating exterior wall and roofing panels.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Exterior Wall Systems Market Characteristics
3. Exterior Wall Systems Market Trends And Strategies
4. Exterior Wall Systems Market - Macro Economic Scenario
5. Exterior Wall Systems Market Size And Growth
…..
27. Exterior Wall Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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