Global Stucco Market Will Attain A CAGR Of 16.6% During The Forecast Period

Zion Market Research has published a new report titled “Global Stucco Market – By Type (Traditional and Insulated), By Material (Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, and Others), By Base (Concrete, Masonry, Tile, and Others), By End-Use (Residential and Non-Residential), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” According to the report, global demand for Stucco market was valued at USD 1.58 Billion in 2023 and is projected to hit USD 6.28 Billion by 2032, with a compound annual growth rate (CAGR) of 16.6% during the forecast period 2024-2032.

Browse the full “Global Stucco Market – By Type (Traditional and Insulated), By Material (Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, and Others), By Base (Concrete, Masonry, Tile, and Others), By End-Use (Residential and Non-Residential), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/stucco-market

Insulated category dominated the Stucco market from in 2024 to 2032

On the basis of type, the Insulated category is anticipated to grow at a faster rate over the forecast period. Furthermore, the Traditional category held the majority of the market share of the Stucco market in 2023. The reason behind the dominance of the traditional category is its superior properties including high strength, long-lasting durability, fire-retardant, and moisture resistance.

Residential category is anticipated to grow at a faster CAGR during the forecast timeframe

The residential category is expected to exhibit superior market growth in the global Stucco market. The low costs of stucco compared to other plasters and its high tensile strength and durability are likely to increase its further use for residential construction.

Asia Pacific region is expected to hold the majority of the share in the global Stucco market during the forecast period

Asia Pacific region held a major share of the global Stucco market in 2019 owing to the increasing advancements taking place in the residential and non-residential construction sector. The new construction and renovation of the older construction along with the increasing demand for more house units are other factors anticipated to propel the Asia Pacific market. In addition, the huge investments in the non-residential sector, cheap labor availability, less stringent safety and environmental standards, etc. will further supplement the setup of production facilities in the region. These factors will thus help augment the demand for stucco in the Asia Pacific regions.

Key Market Players

Some of the key players of the global Stucco market include Dryvit Systems Inc., Sika AG, Cemex, Omega Products International, BASF SE, The Quikrete Companies, Western Blended Products, Sto Group, E. I DuPont DE Nemours, and California Stucco Products Corp.

Recent Developments

In May 2019, Parex Group was acquired by Sika AG. Parex Group is a leading construction industry which dominated in the regions such as China, Singapore, the U.S., France, Brazil, Argentina, the U.K., and Australia. Thus, the acquisition is predicted to help Sika make its presence felt across the globe by using Parex’s technologies and its distribution channels for business expansion.

This report segments the global Stucco market into:

Global Stucco Market: By Type Segmentation Analysis

• Traditional
• Insulated

Global Stucco Market: By Base Segmentation Analysis

• Concrete
• Masonry
• Tile
• Others

Global Stucco Market: By Material Segmentation Analysis

• Cement
• Aggregates
• Admixture
• Plasticizers
• Reinforcement
• Bonding Agent
• Others

Global Stucco Market: By End-Use Segmentation Analysis

• Residential
• Non-residential

Global Stucco Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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