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Stucco Market Trend and Scope, Technology, Growth Forecast to 2033
Stucco Market
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In addition, this research report outlines the competitive landscape of the industry, providing key market players with insights to increase their market shares and maintain competitiveness. The study incorporates Porter's Five Forces model and PESTEL analysis to assess the competitive dynamics of the industry. It also identifies major investment opportunities for stakeholders to capitalize within the sector, based on their CAGR and relative market share. The report highlights key market players, detailing their financial performance and market share across regions.
Market snapshot
As per the report published by Allied Market Research, the stucco market is anticipated to showcase an impressive CAGR of 4.5% with a revenue of $15.3 billion by 2026. The growth of the global construction industry and the high purchasing power of end-users have driven the expansion of the global stucco market. However, low consumer awareness regarding the availability of stucco is limiting market growth. On the other hand, the increasing demand from emerging economies is expected to present lucrative opportunities for market growth in the future.
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Regional study of the sector
The report covers areas such as North America (the U.S., Mexico, and Canada), Europe (the UK, France, Italy, Germany, Spain, and the rest of Europe), Asia-Pacific (Japan, South Korea, Australia, China, India, and the rest of Asia-Pacific), and LAMEA (Africa, the Middle East, and Latin America).
In 2019, the Asia-Pacific region held the largest share of the global stucco market, accounting for more than two-fifths of the total market. It is expected to exhibit the fastest CAGR of 5.3% during the study period, driven by continuous urban population growth and the increase in demand for improved infrastructure.
Top players profiled in the competitive analysis
Fosroc International Ltd.
General Electric
Dow Inc.
BASF SE
Heidelberg Cement
RPM International
Mapei S.P.A.
SIKA AG
DE C.V.
Cemex S.A.B.
GCP Applied Technologies Inc.
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Key sectoral developments
In May 2019, Sika AG acquired Parex Group (US), a prominent manufacturer in the construction industry. Parex Group's key markets include China, the U.S., France, Argentina, Brazil, Singapore, the UK, and Australia. This acquisition is anticipated to enhance Sika's global presence and leverage Parex's technologies and distribution networks to drive business growth.
Trend analysis
Trend analysis in the study helps businesses gain insights into changing customer preferences and purchasing behaviors. By examining sales data, website traffic, and social media interactions, companies can pinpoint products that are gaining popularity and those that are losing traction.
In the Stucco Market outlook, manufacturers are consistently developing new formulations and application methods to enhance the durability, aesthetic options, and energy efficiency of stucco. Innovations like advanced acrylic-based stucco, which provides improved flexibility and krack resistance, as well as integrated insulation systems that enhance thermal efficiency, are expanding its use in both residential and commercial construction.
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The growth in renovation and remodeling activities is a key driver for the market, as these projects often demand durable and visually appealing exterior finishes. Property managers and homeowners are increasingly investing in renovations to refresh and upgrade the functionality and appearance of older buildings. Stucco's versatility makes it an ideal option for these types of improvements.
In conclusion, the Allied Market Research study on the stucco market offers valuable insights for new entrants, stakeholders, and businesses by examining key innovations, market dynamics, and competitive landscapes. The study highlights profitable opportunities and aids companies in making informed decisions about strategic investments and competitive growth.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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