Overview and Scope
An exterior wall system is the main concept in building design and construction that creates a wrapper around the masonry structure to protect it from environmental influences.
Sizing and Forecast
The exterior wall systems market size has grown rapidly in recent years. It will grow from <b>$216.3 billion in 2023 to $239.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. </b> The growth in the historic period can be attributed to construction boom, construction boom, sustainable building practices, urbanization and population growth, building renovation and retrofitting.
The exterior wall systems market size is expected to see strong growth in the next few years. It will grow to <b>$341 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. </b> The growth in the forecast period can be attributed to energy-efficient retrofitting, urban density and vertical construction, climate change adaptation, pandemic-resilient buildings, green building certification. Major trends in the forecast period include energy-efficient insulation, facade design and aesthetics, digital building information modeling (bim), smart wall systems, modular and prefabricated wall systems.
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Segmentation & Regional Insights
The exterior wall systems market covered in this report is segmented –
1) By Type: Ventilated Fascade, Curtain Wall, Non-Ventilated Fascade
2) By Materials: Bricks And Stone, Metal Panels, Plaster Boards, Fiber Cement, Ceramic Tiles, EIFS, Glass Panels, High-Pressure Laminate boards, Fiberglass Panels, Wood Boards, Other Materials (Vinyl)
3) By End-Use: Residential, Commercial, Industrial
<b>Asia-Pacific</b> was the largest region in the exterior wall systems market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the exterior wall systems market during the forecast period. The regions covered in the exterior wall systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for green buildings is contributing to the growth of the exterior wall systems market. Green building and eco-friendly infrastructure reduce carbon emissions, energy consumption, and water consumption. For instance, according to a report by ANAROCK, a real estate services company, the demand for green buildings in India is expected to double by 2022, reaching nearly 10 billion sq ft, and is expected to be valued at $35-50 billion. Therefore, growing demand for green buildings will drive the growth of the exterior wall systems market.
Key Industry Players
Major companies operating in the exterior wall systems market include <b> Nippon Sheet Glass Co.Ltd., Saint-Gobain Gyproc India, Sika AG, Etex Group Co., Owens Corning, Evonik Industries AG, Holcim Group Co., USG Boral Corp., DuPont Inc., Fletcher Building Co., Egger Group, Toray Industries Inc., CSR Ltd., CRH plc, Cornerstone Building Brands Co., Schweiter Technologies AG, AGC Inc., James Hardie Australia Pty Ltd., Alcoa Corporation, 3A Composites, Avient Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, Cornerstone Building Brands, The Dow Company, Boral Limited, Siam Cement Group, USG Corporation, Kingspan Group, Cembrit Holding A/S, Tata Steel Limited, ArcelorMittal Corp., Nippon Steel & Sumitomo Metal Corporation, BlueScope Steel Limited, Ruukki Construction Oy, Alubond U.S.A., Alstrong Enterprises India Pvt. Ltd., Aludecor Lamination Pvt. Ltd., Alumax Panel Inc., Alumil S.A. </b>
The exterior wall systems market report table of contents includes:
1. Executive Summary
2.Exterior Wall Systems Market Characteristics
3.Exterior Wall Systems Market Trends And Strategies
4.Exterior Wall Systems Market analysis
5.Exterior Wall Systems Market Size And Growth
6. Exterior Wall Systems Segmentation
7.Exterior Wall Systems Regional And Country Analysis
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27.Exterior Wall Systems Competitive Landscape And Company Profiles
28.Exterior Wall Systems Key Mergers And Acquisitions
29. Exterior Wall Systems Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Nippon Sheet Glass Co.Ltd.
- Saint-Gobain Gyproc India
- Sika AG
- Etex Group Co.
- Owens Corning
- Evonik Industries AG
- Holcim Group Co
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Market HighlightsOver the past couple of years, globally, the demand for Exterior Wall Systems Market has seen moderate growth.
Factors such as government funding for construction and the increasing preference for dry-building methods over wet construction methods are expected to drive demand for exterior wall systems.
Governments around the world focus on improving their infrastructure and supporting it.
Rising public and private investment through manufacturing, commercial, and residential end-use industries is expected to boost demand for wall exterior systems on the global market significantly.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7915In addition, technical and creative advancements across various industries, including manufacturers of raw materials, are anticipated during the forecast period to boost the global demand for exterior wall system.
The ventilated facade segment accounted for the largest market share in the outdoor wall system market in 2018 , and is estimated to rise during the forecast period with the highest CAGR.
Because of the different construction projects in developing countries, the commercial segment held the largest market share in the Exterior Wall Systems Market Share sector.
