Exterior Wall System Market Analysis | 2023-2028

Market Insights

The exterior wall system market was estimated at USD 149.99 billion in 2022 and is likely to grow at a CAGR of 7.29% during 2023-2028 to reach USD 229.33 billion in 2028.

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Market Dynamics

Introduction

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.

COVID-19 IMPACT

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.

Market Drivers

The major factors driving the growth of the exterior wall system market are:

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

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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.

Note: The above list does not necessarily include all the top players in the market.

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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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects exterior wall system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market 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 exterior wall system 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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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 [email protected].