The Exterior Wall System Market is Expected to Grow with 8.04% CAGR During the Period, 2019–2024. Global Exterior Wall System Market Research Report: Information by Material (Vinyl, Metal Panels, Brick and Stone, Fiber Cement, Plasterboards, Glass Panels, EIFS, Fiberglass Panels, Wood Boards, Ceramic Tiles, HPL Boards and others), by Type (Ventilated Façade, Curtain Wall Systems and Non-Ventilated Façade), by End-Use (Residential, Commercial and Industrial), Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2024.
Market Synopsis: Global Exterior Wall System Market
The Global Exterior Wall System Market is expected to witness 8.04% CAGR over the forecast period. The base year considered for the study of the market, is 2018, and the forecast period for the global exterior wall systems market is 2019 to 2024.
The market for exterior wall systems has been witnessing moderate growth in the past couple of years, globally. The demand for exterior wall systems is expected to be driven by factors such as the government support for construction and the growing preference for dry construction methods over wet construction methods. Governments across the world are focused on developing and promoting their infrastructure. Moreover, they are continuously focusing on introducing various reforms and regulations to boosting the growth of their infrastructure and real-estate industries. Such reforms and regulations are expected to drive the construction industry, which drive the exterior wall system market, further.
The prominent players operating in the global exterior wall system market are USG BORAL (Singapore), ELEMENTIA (Mexico), Lafarge Holcim (Switzerland), CSR Limited (Australia), Sika AG (Switzerland), 3A Composites GmbH (Switzerland), and Owens Corning (US). Nippon Sheet Glass Co., Ltd (Japan), AGC Inc. (Japan), Saint-Gobain (France), Fletcher Building (New Zealand), EGGER Group (Austria), TORAY INDUSTRIES, INC. (Japan), Evonik Industries (Germany), and Kronoplus Limited (Austria).
Exterior Wall System Market Segmentation:
Based on the type, the exterior wall system market encompasses ventilated façade, curtain wall systems, and non-ventilated façade. In 2018, the ventilated façade segment had the largest market share which they expect to retain during the forecast period. The CAGR this segment is about to accumulate would be the highest one among its peers. The ventilated façade wall system segment can provide protection from humidity and adverse weather conditions.
Regional Analysis
The global exterior wall system market has been segmented into regions of North America, Europe, Asia-Pacific, and the rest of the world (RoW). In 2018, Asia-Pacific held the largest share in the global exterior wall system market, followed by North America and Europe. This can be attributed to the increase in the number of construction projects mainly in developing countries, such as China and India. Growth of the construction industry in the region and government support for developing the infrastructure is expected to raise the demand for exterior wall systems in Asia-Pacific during the forecast period.
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