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  • Exterior Wall System Market Growth & Forecast Analysis | 2022-2028

    Exterior Wall System Market Growth & Forecast Analysis | 2022-2028

    Exterior Wall System Market Growth & Forecast Analysis | 2022-2028
    Report code - SR1028 Delivery - 2 Weeks
    Exterior Wall System Market Size, Share, Trends, Dynamics, Growth, & Forecast Ana See more...

    Market Insights

    The exterior wall system market was estimated at USD 139.4 billion in 2021 and is likely to grow at a CAGR of 7.33% during 2022-2028 to reach USD 229.33 billion in 2028.


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    An exterior wall system is used either to absorb or shed the majority of bulk rainwater penetration before it enters the covered spaces of any wall assembly.


    The global pandemic Covid-19 significantly impacted the exterior wall system market in 2020. The market is expected to revamp owing to the revival of the construction sector post-pandemic.

    Exterior Wall System Market Highlights

    Market Size in 2021

    USD 139.4 billion

    Market Size in 2028

    USD 229.33 billion

    Market Growth (2022-2028)

    7.33% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Segments Covered

    By Type (Ventilated and Non-Ventilated),

    By Material Type (Vinyl, Fiber Cement, Stucco, Masonry, Wood, and Others),

    By Application Type (Residential, Commercial, and Industrial),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Key Players

    Some of the key players in the market are-

    • Asahi Glass (AGC)
    • Boral Limited
    • CSR Limited
    • Fletcher Buildings
    • James Hardie
    • Nippon Glass Sheet
    • Lronospan Limited
    • Toray Industries Ltd
    • Saint Gobain
    • The Dow Company
    • USG Corporation.

    Market Drivers

    The growth of the exterior wall system market is primarily driven by-

    • Increasing commercial infrastructure in the Asia-Pacific region,
    • Rising per capita expenditure for residential infrastructure,
    • Growing replacement of aging infrastructure.


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    Segments' Analysis

    By Type

    Based on the type, the market is segmented as ventilated and non-ventilated. The ventilated segment is estimated to account for the major share of the market during the forecast period. The major factor driving the growth of the segment is its ability to remove stale air outside, as a controlled indoor ventilated environment is comfortable and healthy for occupants and less inclined to mold growth and dust mites.

    By Material Type

    Based on the material type, the market is segmented as vinyl, fiber cement, stucco, masonry, wood, and others. Stucco is estimated to witness high growth in the market during the forecast period. The major factor driving the segment’s growth is its ability to fix hairline cracks without patch-up, letting the material remain good at moisture in cold climates.

    Regional Insights

    In terms of regions, Asia-Pacific is estimated to lead the market during the forecast period. Shifting focus to slow down the construction solutions to decrease greenhouse gas emissions is expected to increase market expansion. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.


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    Market Scope & Segmentation      

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Type

    • Ventilated
    • Non-Ventilated

    By Material Type

    • Vinyl
    • Fiber Cement
    • Stucco
    • Masonry
    • Wood
    • Others

    By Application Type

    • Residential
    • Commercial
    • Industrial

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    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 in the most comprehensive way. 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factor

    Report Features

    Market Segmentation


    Regions Covered


    Countries/Sub-Regions Covered


    No. of Figures & Tables


    Company Profiles


    Report Customization Options

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

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

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market is expected to witness an impressive growth of 7.33% CAGR in the foreseeable future.

    Asahi Glass (AGC), Boral Limited, CSR Limited, Fletcher Buildings, James Hardie, Nippon Glass Sheet, Lronospan Limited, Toray Industries Ltd, Saint Gobain, The Dow Company, and USG Corporation are among the key players in the market.

    Asia-pacific is expected to lead the market during the forecast period.

    Stucco is expected to witness high growth in the market in the coming five years.

    The ventilated segment is expected to account for the major share of the market in the next five years.

    Increasing commercial infrastructure in the Asia-Pacific region, rising per capita expenditure for residential infrastructure, and growing replacement of aging infrastructure are the factors driving the growth of the market.

    The market was valued at USD 139.4 billion in 2021.

    The market is likely to reach USD 229.33 billion in 2028.