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Exterior Wall Systems Market Size to Record 7.8% CAGR over 2023-2030; Adoption of Exterior Wall Systems for Eco-Friendly Buildings to Boost Market Progress

October 11, 2023 | Chemicals & Materials

The global exterior wall systems market size touched USD 223.67 billion in 2022 and is predicted to reach USD 237.53 billion in 2023. The market is anticipated to touch USD 401.57 billion by 2030, recording a CAGR of 7.8% over 2023-2030.


Fortune Business Insights™ presents this information in its latest report titled “Exterior Wall Systems Market Size, Share & COVID-19 Impact Analysis, By Material (Vinyl, Ceramic Tiles, Gypsum/Plasterboard, Glass Panel, EIFS, Fiber Cement, Wood Board, HPL Board, Bricks & Stone, Fiberglass Panel, and Others), By Type (Ventilated Façade, Curtain Wall, and Non-Ventilated Façade), By End-use (Residential and Non-Residential), and Regional Forecast, 2023-2030”.


Exterior wall systems are designed to protect the interiors of a building from the external environment as they act as an enclosure and envelope for the structure. Many public as well as private organizations are increasing their investments in residential, commercial, and industrial sectors, which has fueled the adoption of these wall systems. The construction sector is evolving at a strong pace in many countries across the world. Many construction techniques are also experiencing technological advancements to enhance their performance. These developments are expected to boost the exterior wall systems market growth in the future.


Restrictions on Construction Impeded Market Growth


This industry was negatively affected during the pandemic due to restrictions imposed on construction activities. The alarming increase in COVID-19 cases led to the closure of construction activities. This factor caused many companies to bear huge losses, thereby restricting the market growth. Small-scale companies were forced to shut down their business activities as they wanted to avoid cash crunch and eventual liquidation. Commercial and industrial sectors also experienced severe struggles during this period as governments imposed lockdowns and other movement restrictions. These factors had a negative impact on the demand for these wall systems.


Adoption of Exterior Wall Systems in Eco-Friendly Buildings to Boost Market Progress


Construction activities that do not use energy-saving techniques and technologies risk wasting nearly 25-30% of energy. This scenario has prompted the development of advanced construction methods and use of efficient exterior wall systems to gain major benefits with respect to energy conservation. The demand for energy-efficient buildings has also gone up in recent years to decrease carbon emissions. In addition, governments across the world have implemented various regulations and laws to promote the concept of energy-efficient construction. These laws are also encouraging end-users in the construction industry to use eco-friendly construction materials. These factors are expected to boost the product sales.


Competitive Landscape


Companies to Adopt Wide Range of Corporate Growth Strategies to Stay Ahead of Competition


Prominent companies operating in the market are focusing on improving their existing product ranges to expand their customer base. They are creating futuristic and eco-friendly products to increase the presence across the industry. They are also entering into partnership deals with leading construction companies and raw material suppliers to boost their global presence and stay ahead of the competition.


Notable Industry Development



  • July 2021: Holcim launched ECOPlanet, its global lineup of green cement that claimed to deliver 30% lower carbon footprint with superior performance. ECOPlanet was made available in Romania, Germany, Switzerland, Canada, France, Spain, and Italy. The product was expected to be distributed across 15 countries. Its sustainability profile was innovative with the introduction of low-emission raw materials such as recycled construction and demolition waste. The lower carbon footprint would further enhance the company’s production process led by alternative fuels.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/exterior-wall-systems-market-104394


List of Key Players Profiled in the Report



  • Nippon Sheet Glass Co., Ltd (Japan)

  • Saint-Gobain (France)

  • AGC Inc. (Japan)

  • Sika AG (Switzerland)

  • PPG Industries, Inc. (U.S.)

  • 3A Composite Holding AG (Switzerland)

  • SCG (Thailand)

  • Etex Group (Belgium)

  • Owens Corning (U.S.)

  • Evonik Industries AG (Germany)

  • LafargeHolcim (Switzerland)

  • USG Boral (Australia)

  • DuPont (U.S.)

  • Dow (U.S.)


Further Report Findings



  • Asia Pacific is expected to hold the largest exterior wall systems market share as the region is witnessing a strong rise in the number of construction activities in commercial as well as residential sectors. Moreover, increasing infrastructure projects, such as Shanghai Urban Rail Transit Expansion and Beijing’s Daxing International Airport, are expected to enhance the regional market progress.

  • The glass panel segment is expected to dominate the market as these panels offer superior performance and great aesthetic appeal.


Table of Segmentation:






















































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Unit



Value (USD Billion)



Segmentation



By Type, Material, End-use, and Geography



By Type




  • Ventilated Façade

  • Curtain Walls

  • Non-ventilated Façade



By Material




  • Ceramic Tiles

  • Vinyl

  • Gypsum/Plasterboard

  • Glass Panel

  • EIFS

  • Fiber Cement

  • Wood Board

  • HPL Board

  • Fiberglass Panel

  • Bricks & Stone

  • Others



By End-use




  • Residential

  • Non-Residential



By Geography




  • North America (By Type, By Material, By End-use, By Country)





    • U.S. (By End-use)

    • Canada (By End-use)





  • Europe (By Type, By Material, By End-use, By Country)





    • Germany (By End-use)

    • France (By End-use)

    • U.K. (By End-use)

    • Italy (By End-use)

    • Spain (By End-use)

    • Russia (By End-use)

    • Rest of Europe (By End-use)





  • Asia Pacific (By Type, By Material, By End-use, By Country)





    • China (By End-use)

    • Japan (By End-use)

    • India (By End-use)

    • Southeast Asia (By End-use)

    • Rest of Asia Pacific (By End-use)





  • Latin America (By Type, By Material, By End-use, By Country)





    • Brazil (By End-use)

    • Mexico (By End-use)

    • Rest of Latin America (By End-use)





  • Middle East & Africa (By Type, By Material, By End-use, By Country)





    • GCC (By End-use)

    • Rest of Middle East & Africa (By End-use)




Global Exterior Wall Systems Market
  • PDF
  • 2023
  • 2019-2022
  • 224

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