Stucco Market is Forecasted to Reach US$ 14.6 billion in 2030, Says Stratview Research

The global Stucco Market is projected to witness a growth rate of 3.4% annually from 2024 to 2030, with an anticipated size of US$ 14.6 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Stucco Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1467/stucco-market.html#form

Report Highlights:
Market Size in 2030: US$ 14.6 billion
Growth (CAGR): 3.4% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Stucco Market:
The global Stucco Market is segmented based on material type, product type, application type, base type and region.

Based on material type - The stucco market is segmented by material into cement, aggregates, admixtures and plasticizers, and others. Cement is expected to remain dominant, whereas admixtures and plasticizers will be the fastest-growing material type during the forecast period.
Cement is known for its ability to withstand harsh weather conditions, including extreme temperatures and precipitation, providing long-lasting protection for structures. Admixtures on the other hand offer specific advantages, such as improved insulation and potential cost-effectiveness.

Based on product type - In terms of product, the market is segmented into traditional and insulated. Insulated stucco is expected to remain the leading and fastest-growing product type during the forecast period. Insulated stucco is a comparatively better energy-efficient option that helps keep the air cooler in the summer and heats the air in the winter, making it popular in constructing energy-efficient buildings. It allows for incorporating additional design elements such as keystones, cornerstones, or other decorative accents on the exterior.

Based on product type - In terms of base, the market is segmented into concrete, masonry, and others. Concrete is projected to maintain a share of over 50% throughout the forecast period. Concrete bases are highly durable, weather-resistant, and on top of it cost-effective. All these properties ensure a longer lifespan for the stucco, making it resistant to cracks, impact, and weather.

Based on application type - In terms of application, the market is segmented into residential and commercial. The residential market is expected to be the bigger demand generator for stucco during the forecast period. Stucco has become one of the most common exterior materials for new single-family homes in the past few years. The single-family home market is an important and dominant market for stucco cladding. In commercial applications, stucco is primarily employed in government institutions, office buildings, and architectural buildings.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1467/stucco-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is estimated to take the lion's share whereas Asia-Pacific is likely to remain the fastest-growing market during the forecast period. This growth outlook is majorly attributed to the following-
• The growth of the North American market is driven by the presence of many regional players and the growing demand for stucco in the USA and Canada.
• On the other hand, the rapid growth of emerging economies in the Asia-Pacific (India) is propelling the region's status as the fastest-growing market.

Stucco Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing construction activities, particularly in the residential sector, coupled with rising renovation and remodeling projects, are expected to boost demand for stucco materials.
• Additionally, the growing emphasis on energy efficiency and sustainability in building construction is likely to fuel the adoption of stucco as an eco-friendly exterior finish.

Top 10 Companies in the Stucco Market:
Stratview Research has identified the following companies as the top market players:
• Sika AG
• Dryvit Systems, Inc.
• Saint-Gobain S.A
• Sto SE & Co. KGaA
• CEMEX S.A.B. DE C.V.
• Holcim Limited
• Mapei, S.p.A.
• Omega Products International
• Boral Limited
• Knauf Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Stucco Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
 Plasticizers Market: https://www.stratviewresearch.com/1320/plasticizers-market.html
 Insulated Concrete Form (ICF) Market: https://www.stratviewresearch.com/1867/insulated-concrete-form-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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This release was published on openPR.