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Stucco Global Market Report 2024 - By Demand, Trends, Share And Industry Analysis, Forecast To 2033
Stucco Market
As per the report, the stucco market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The stucco market size is expected to see strong growth in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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Smart Building Growth Fuels Stucco Market Expansion
The rapid growth of smart buildings is expected to propel the growth of the stucco market going forward. A smart building is any structure that uses automated processes to automatically control the building's operations, which include sensors, actuators, and microchips, to collect data and manage. 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. This project includes ten connected communities containing more than 7,000 buildings with smart controls, sensors, and analytics to reduce energy use, cost, and emissions. Therefore, the rise of smart buildings and smart cities is driving the growth of the stucco market.
Innovative Launch For Creating A Unique Format Stucco Surface
Major companies operating in the stucco market are launching innovative collections such as Kraftizen to increase efficiency in low-voltage solar PV systems. Kraftizen is a collection that offers a large-format stucco material, blending traditional craftsmanship aesthetics with advanced surface technology. For instance, in October 2022, Cosentino Group, a Spain-based company producing and distributing innovative and sustainable surfaces, launched its latest innovation, Kraftizen, a new Dekton collection that merges craft and technology, introducing the first large-format stucco material. This innovative, carbon-neutral surface offers a modern take on the beauty of handcrafted stucco, catering to both indoor and outdoor applications. The Kraftizen collection showcases five versatile colors with rich textures such as Umber, Nacre, Argentium, Micron, and Albarium. This collection is a digital reimagination of traditional craftsmanship, with each trowel stroke captured and transformed into a long-lasting design.
The stucco market covered in this report is segmented -
1) By Type: Traditional, Insulated
2) By Base: Concrete, Masonry, Tile, Other Bases
3) By Material: Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, Other Materials
4) By Application: Residential, Non Residential
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Major companies operating in the stucco market include Sika AG, Cemex S.A.B. de C.V., BASF SE, Omega Products International, Dryvit Systems Inc., Quikrete Holdings Inc., Sto Group Inc., California Stucco Products Corp., Western Blended Products, DowDuPont de Nemours Inc., Senergy Pvt. Ltd., Simplex CC Ltd., James Hardie Industries PLC, USG Corporation, RPM International Inc., Boral Limited, Parex Inc., LaHabra Stucco, Master Wall Inc., Merlex Stucco Inc., Quikspray Inc., Conproco Corp., Western Stucco Products, Imasco Minerals Inc., California Stucco Products Corp., BMI Products of Northern California Inc., Pyramid Stucco Co., Sunrise Stucco Inc., Arcat Inc., Sherwin-Williams Company, Akzo Nobel NV
Contents of the report:
1. Executive Summary
2. Stucco Market Report Structure
3. Stucco Market Trends And Strategies
4. Stucco Market - Macro Economic Scenario
5. Stucco Market Size And Growth
…..
27. Stucco Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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