Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 138.70 Billion | USD 251.83 Billion | 7.74% | 2022 |
The global Exterior Wall Systems Market size was worth around USD 138.70 Billion in 2022 and is predicted to grow to around USD 251.83 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.74% between 2023 and 2030.
Exterior wall systems are utilized to protect the surface of the building from various elements including fire, rainfall penetration, excess cold & heat, and other hazards of the external environment. It acts as an envelope of the building by facilitating the protective covering on the external surface of the building. Furthermore, the exterior wall systems are utilized to enhance the aesthetic look of the building. Lightweight materials are utilized for faster and lower costs of construction. There are several kinds of exterior wall systems including ventilated, curtain walls, and non-ventilated. Exterior wall systems find huge applications in the commercial, industrial, and residential sectors.
A few major driving forces behind the expansion of the global external wall systems market are the brisk expansion of construction activities, growing preference for dry construction methods, and rising interest in green buildings. The Global Exterior Wall Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
Exterior wall systems shield a building’s exterior from environmental threats, including fire, extreme heat and cold, rain penetration, and other weather-related dangers. It serves as a building envelope by providing a shield for the structure’s exterior. Exterior wall systems are also employed to enhance a building’s visual appeal. They use lightweight materials for quicker construction and less expensive building. Several types of exterior wall systems exist, including curtain walls, ventilated walls, and non-ventilated walls. Systems for exterior walls are used in the residential, commercial, and industrial sectors.
The growing demand for exterior wall systems all across the globe is one of the major factors driving the growth of the global exterior wall systems market. Moreover, the growing funding from the government on national infrastructure development is likely to complement the growth of the market. Moreover, the growing demand for green building creates several lucrative growth opportunities in the global exterior wall systems market. The ongoing technological advancements across various sectors, including the raw material producer are likely to offer ample thrust to the growth of the market. The emergence of advanced modular, precast, and prefabricated building structures for commercial and residential infrastructures is also enticing people, which in turn will escalate the requirement of the exterior wall system. Furthermore, the spike in the population and migration rates of people from rural to urban areas for achieving a better quality of life will trigger the need for housing infrastructures. Therefore, there is likely to be a massive consumption of exterior wall systems along with other construction materials in the forthcoming years. The growing inclination of consumer preferences towards energy-saving construction materials along with surging applications of material with higher R-value is likely to promulgate the growth of the global exterior wall systems market in the forthcoming years.
The global exterior wall systems market can be segmented into application, material, type, and region.
By application, the market can be segmented into the industrial, commercial, and residential sectors. The residential segment accounts for the largest share in the global exterior wall systems market due to the growing awareness among consumers regarding the importance of energy-efficient building solutions.
By material, the market can be segmented into wood, masonry, stucco, fiber cement, vinyl, and others. The stucco segment holds the largest share in the global exterior wall systems market due to the growth in demand for fixing the hairline cracks in walls without making them more noticeable.
By type, the market can be segmented into non-ventilated and ventilated. The ventilated segment dominates the global exterior wall systems market. The growth can be attributed to the surging demand by people for the ventilated buildings that allow fresh air in the building and also remove the moisture-laden air outside.
North America accounts for the largest share in the global exterior wall systems market due to the growing demand for green buildings in the region. However, the shifting focus of the government on building green infrastructure in the region will further complement the growth. The ongoing technological advancements in the field of construction materials are likely to significantly propel the growth of the regional market in the forthcoming years.
Asia Pacific is expected to witness a significant growth rate in the forthcoming years due to the growing demand for energy-efficient solutions in the region.
Report Attributes | Report Details |
---|---|
Report Name | Exterior Wall Systems Market Size Report |
Market Size in 2022 | USD 138.70 Billion |
Market Forecast in 2030 | USD 251.83 Billion |
Growth Rate | CAGR of 7.74 % |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Etex, Owens Corning, sika, 3A Composites, PPG Industries, Alcoa Corporation, Asahi Glass, Saint-Gobain, Nippon Sheet Glass, USG Corporation, James Hardie, China Jushi, Stadur Produktions GmbH, Trusus Technology, PolyOne Corporation, Toray Industries, Egger Group, Fletcher Building, Kronospan Limited, Evonik Industries, LafargeHolcim, CSR Limited, Elementia, Toray Industries, Egger Group, and Boral Limited. |
Segments Covered | By Type, By Application, By End user and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the significant players in the global exterior wall systems market are -
By Application:
BY Product Type:
By Material:
What Reports Provides
FrequentlyAsked Questions
The growing demand for exterior wall systems all across the globe is one of the major factors driving the growth of the global exterior wall systems market. Moreover, the growing funding from the government on national infrastructure development is likely to complement the growth of the market.
Some of the significant players in the global exterior wall systems market are Etex, Owens Corning, sika, 3A Composites, PPG Industries, Alcoa Corporation, Asahi Glass, Saint-Gobain, Nippon Sheet Glass, USG Corporation, James Hardie, China Jushi, Stadur Produktions GmbH, Trusus Technology, and PolyOne Corporation.
North America accounts for the largest share in the global exterior wall systems market due to the growing demand for green buildings in the region. However, the shifting focus of the government on building green infrastructure in the region will further complement the growth.
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