Stucco Market Growth Analysis | 2023-2028

Market Insights

The Stucco Market was estimated at US$ 10.33 billion in 2022 and is expected to grow at a healthy CAGR of 4.6% during 2023-2028 to reach US$ 13.57 billion in 2028.

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What is Stucco?

Stucco is a durable, cement-based plaster commonly used as an exterior finishing material for buildings. It is made by combining cement, sand, and water, creating a thick paste that can be applied to walls, ceilings, and other surfaces. Stucco is valued for its versatility and ability to create a smooth, textured, or patterned finish, depending on the desired aesthetics. It is often used to cover concrete, masonry, or metal surfaces, providing protection against weather elements and enhancing the building's appearance. Stucco is known for its long-lasting and low-maintenance properties, making it a popular choice in both residential and commercial construction projects. Additionally, it can be painted in various colors to further enhance its visual appeal.

Market Dynamics

The inherent characteristics shaping the market's evolution and molding its terrain can be summarized as follows, emphasizing pivotal elements propelling its expansion and shaping its environment:

• Thriving Construction Sector: The stucco market gains impetus from the booming construction industry, employing stucco extensively for exterior finishes in residential, commercial, and industrial structures.

• Visual Allure: Stucco's versatility in textures and finishes lures customers seeking captivating exteriors, bolstering its popularity.

• Long-lasting and Easy Upkeep: Stucco's robustness and low maintenance needs make it an appealing selection for builders and homeowners, curtailing future maintenance expenses.

• Resilient Against Weather: Stucco offers superior defense against challenging weather elements like rain, wind, and UV rays, suiting diverse climates.

• Enhanced Energy Savings: Stucco's insulation properties bolster energy efficiency, aligning with the rising need for eco-friendly building materials.

Segments Analysis

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By Product Type

Based on the product type, the market is segmented as traditional and insulated. The traditional segment dominated the market, whereas the insulated segment is expected to be the faster-growing segment during the forecast period. The larger market share of traditional stuccos is due to their superior properties, such as high strength, resistance to fire, and prolonged durability.

By End-User Type

Based on the end-user type, the stucco market is segmented as residential and non-residential. The residential segment is likely to be the faster-growing segment, driven by superior durability, high tensile strength, and low cost of stuccos as compared with other plasters used in residential construction.

Regional Analysis

In terms of regions, Asia-Pacific dominated the market, owing to the good growth in the residential and non-residential construction sectors in the region. The availability of cheap labor and less stringent norms & standards for safety & environmental compliance are likely to drive the market in this region during the forecast period. China and India are the growth engines of the region.

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Key Players

Some of the major stucco manufacturers are-

• BASF SE
• California Stucco Products Corp
• CEMEX S.A.B. de C.V.
• Dryvit Systems Inc.
• DuPont de Nemours, Inc.
• Omega Products International
• Sika AG
• Sto Corp
• The QUIKRETE Companies
• Western Blended Products.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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