Exterior Wall Systems Market
Exterior Wall Systems Market - Global Industry Assessment & Forecast
- By Type Ventilated (Pre Installation & Post Installation), Non-Ventilated (Pre Installation & Post Installation), Curtain Wall (Pre Installation & Post Installation)
- By End-Use Commercial, Industrial, Residential
- By Material Glass Panel, Ceramic Tile, Vinyl, Metal Panel, Brick & Stone, Fiber Cement, Gypsum/Plasterboard, EIFS, Wood, Fiberglass Panel, HPL, GRC, Other Materials
- By Supporting Wall Concrete, Masonry, Wood
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 138.1 Billion|
|Revenue 2028:||USD 206.0 Billion|
|Revenue CAGR (2022 - 2028):||6.9%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Global Exterior Wall Systems Market is valued at USD 138.1 Billion in 2021 and is projected to reach a value of USD 206.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 6.9% over the forecast period.
As construction activity increases in the residential, commercial, and industrial sectors, it is anticipated that the market for external wall systems will experience significant growth over the next few years. Moreover, government investments in infrastructure expansion have increased demand for exterior wall systems. Nonetheless, a number of significant issues, including the high cost of production, initial capital expenditures, and growing raw material prices, are predicted to impede market expansion over the forecast period. The demand for external wall systems in the industrial, commercial and residential end-use industries is expected to expand significantly as a result of rising public and private investment. In addition, it is anticipated that technological and innovative advancements across several industries, including those of raw material producers, will boost the global market for external wall systems over the forecast period. In addition, it is anticipated that there will be a lucrative market for Exterior Wall Systems during the forecast period and in the near future because to the increasing need for defensive wall systems and the need to improve the aesthetics of buildings. Additional issues that may limit market expansion include strict government rules surrounding carbon emissions and an increase in environmental concerns. The development of green buildings is also projected to offer attractive chances for the market for Exterior Wall Systems to expand globally.
Exterior Wall Systems Market Size, 2021 To 2028 (USD Billion)
The Exterior Wall Systems market is segmented on the basis of type, end users, material, and supporting wall. Based on type, the market is segmented as Ventilated (Pre Installation and Post Installation), Non-Ventilated (Pre Installation and Post Installation), and Curtain Wall (Pre Installation and Post Installation). Based on the end-use industry, the market is segmented as Commercial, Industrial, and Residential. Based on material, the market is segmented as Glass Panel, Ceramic Tile, Vinyl, Metal Panel, Brick & Stone, Fiber Cement, Gypsum/Plasterboard, EIFS, Wood, Fiberglass Panel, HPL, GRC, and Others, including magnesium oxide boards and cement board. Based on supporting walls, the market is segmented as Concrete, Masonry, and Wood.
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Based on the Material
The glass panel category dominated the market in 2021
The glass panel market segment is the largest in the market. Glass is a prevalent architectural material in the construction business. Numerous commercial and residential buildings include expansive glass spans. In addition, glass is naturally brittle, rendering it susceptible to breaking, particularly when external stresses cause deformations that it cannot endure. Although it cannot deform, it requires space on all sides to tolerate deformations from the outside.
Based on End Users
Commercial dominated the market in 2021
During the projected period, the commercial segment is anticipated to increase at the fastest rate. Due to the increasing standardization of infrastructure, the rise in green and energy-efficient buildings, and the outstanding advantages such systems offer, like durability, water, and wind resistance, and simplicity of maintenance, the commercial segment occupies the biggest market share for Exterior Wall Systems.
Based on Regional Analysis
Asia Pacific is estimated to dominate the market with the highest CAGR during the forecast period.
The Asia Pacific is expected to maintain its dominant share in the market during the forecast period. Increased governmental and private sector investments, rising population, expanding economy, and high disposable income all support the expansion of these businesses. This is brought on by an increase in foreign investments in the area, a boom in residential and non-residential buildings, and an increase in the number of housing schemes. Growing residential and non-residential construction sectors as a result of the region's access to cheap labor and land
The key players in the Exterior Wall Systems market include- ETEX GROUP, SCG, ALCOA CORPORATION,3A COMPOSITES, AVIENT CORPORATION, LOUISIANA-PACIFIC CORPORATION, NICHIHA CORPORATION, CSR LIMITED, CRH, CORNERSTONE BUILDING BRANDS, KRONOSPAN LIMITED, SHERA, DRYVIT SYSTEMS INC., STADUR PRODUKTIONS GMBH & CO.KG, TRUSUS, ELEMENTIA, TORAY INDUSTRIES, BORAL LIMITED, ARCELORMITTAL, NUCOR, UNIVERSAL CEMENT CORPORATION, VINH TUONG INDUSTRIAL CORPORATION, TERRACO GROUP, METECENO GROUP, RIEDER GROUP and others.
· In November 2020, Etex-Arauco an E2E joint venture signed an agreement to acquire a majority stake in Tecverde. Techverd works in innovative wood-frame construction systems that allow for nearly a full building to be fabricated. This will enable E2E to break new ground in the construction industry of Brazil.
· In September 2020, Alcoa announced the expansion of its SustanaTM line of products with the introduction of EcoSourceTM, the industry’s first low-carbon, smelter-grade alumina brand. This expansion aims to decrease the use of carbon and move towards sustainable and eco-friendly products.
Segmentation of Exterior Wall Systems Market
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
The global Exterior Wall Systems valued at USD 138.1 Billion in 2020 and is expected to reach USD 206.0 Billion in 2028 growing at a CAGR of 6.9%.
The prominent players in the market are ETEX GROUP, SCG, ALCOA CORPORATION,3A COMPOSITES, AVIENT CORPORATION, LOUISIANA-PACIFIC CORPORATION, NICHIHA CORPORATION, CSR LIMITED, CRH, CORNERSTONE BUILDING BRANDS, KRONOSPAN LIMITED, SHERA, DRYVIT SYSTEMS INC., STADUR PRODUKTIONS GMBH & CO.KG, TRUSUS, ELEMENTIA, TORAY INDUSTRIES, BORAL LIMITED, ARCELORMITTAL, NUCOR, UNIVERSAL CEMENT CORPORATION, VINH TUONG INDUSTRIAL CORPORATION, TERRACO GROUP, METECENO GROUP, RIEDER GROUP.
The market is project to grow at a CAGR of 6.9% between 2021 and 2028.
The driving factors of the Exterior Wall Systems include
- Increase in industrial, commercial, and residential construction activities
Asia Pacific was the leading regional segment of the Exterior Wall Systems in 2020.