In terms of revenue, the Global Exterior Wall Systems Market is expected to reach USD 206.0 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.60% from 2022 to 2028.
A Exterior Wall Systems serve as the building's enclosure or envelope and are intended to shield the covered interior from the outside environment. The demand for wall systems is increasing as private, and public investments increase across residential, commercial, and industrial enterprises. The market is expanding as a result of the expanding construction sector in developing nations and technological developments in construction methods. Additionally, implementing new laws and changes to advance the real estate industry is improving market prospects. The market is expanding thanks partly to strict energy efficiency and green construction restrictions.
Key Developments in the Industry:
· December 2021 saw an expansion of the CALOSTAT Pad line of mineral-based, non-combustible, high-performance insulation materials from Evonik Industries. For façade components, vented curtain walls, flat roofs and balconies, building components, basement ceilings, subterranean parking structures, and for optimising technological building equipment, CALOSTAT Pad is a great insulating material.
· Alcoa announced the expansion of its SustanaTM product range in September 2020 with the launch of EcoSourceTM, the first low-carbon, smelter-grade alumina brand in the market. This expansion aims to consume less carbon and switch to sustainable and environmentally friendly materials.
· In November 2020, Etex purchased the Australian plasterboard division of Knauf. The company will increase its presence in the Australian construction sector thanks to this venture, which also has tremendous growth prospects. The purchase is subject to the usual closing requirements.
The need for Exterior Wall Systems is rising as commercial, industrial, and residential building construction activities expand globally. Governmental efforts to build new infrastructure and update existing ones are propelling the market's expansion. For instance, the Indian government permitted 100% FDI in a few particular construction projects. Rising disposable incomes and a growing preference for dry construction techniques over wet construction techniques further support the demand for these wall systems. Additionally, there is a considerable demand for Exterior Wall Systems due to the expanding requirement for effective thermal management of buildings and rising consumer awareness of eco-friendly façade solutions.
Incorporating Exterior Wall Systems for Green Buildings to Promote Market Growth is another. Constructions that don't use energy-saving materials and technology can lose up to 25–30% of their energy. Energy conservation benefits from improvements in contemporary construction techniques, and the installation of effective Exterior Wall Systems are substantial. The growing requirement for energy-efficient buildings is driving the demand for these wall systems. The industry is also growing as a result of rules issued by various governments addressing the construction of energy-efficient buildings and the use of environmentally friendly building materials. For instance, the European Green Deal's building and renovation objectives will be met with the support of the European Union's energy performance of buildings legislation.
During the forecast period, the Exterior Wall Systems market in Asia Pacific is anticipated to develop at the quickest rate. The prevalence of construction projects in developing nations like China and India is to blame for this domination. Due to an increase in infrastructure projects like the Shanghai Urban Rail Transit Expansion Project and Beijing's Daxing International Airport, the non-residential market in China sees significant demand. The regional market expansion is also attributed to an increase in housing projects and more disposable incomes.
The market is expanding in Europe as a result of the growing popularity of energy-efficient and environmentally friendly construction. In addition, the European Union's (EU) initiatives to transform inefficient buildings into energy-efficient ones will also help to fuel the market.
The Global Exterior Wall Systems Market is Segmented as follows:
- Ventilated (Pre Installation & Post Installation)
- Non-Ventilated (Pre Installation & Post Installation)
- Curtain Wall (Pre Installation & Post Installation)
- Glass Panel
- Ceramic Tile
- Metal Panel
- Brick & Stone
- Fiber Cement
- Fiberglass Panel
- Other Materials
- Supporting Wall
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Exterior Wall Systems Market is:
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 Global Exterior Wall Systems Market Scope can be Tabulated as below:
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties 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|