Market Insights

According to the report, the Exterior Wall System Market was valued at USD 139.4 billion in 2021 and is likely to grow at a CAGR of 7.33% during the forecast period of 2022-2028 to reach USD 229.33 billion in 2028.

Market Segments' Analysis

Based on the type, the market is segmented as ventilated and non-ventilated. The ventilated segment is estimated to account for the major share of the market during the forecast period. The major factor driving the growth of the segment is its ability to remove stale air outside, as a controlled indoor ventilated environment is comfortable and healthy for occupants and less inclined to mold growth and dust mites.

Based on the material type, the market is segmented as vinyl, fiber cement, stucco, masonry, wood, and others. Stucco is estimated to witness high growth in the market during the forecast period. The major factor driving the segment’s growth is its ability to fix hairline cracks without patch-up, letting the material remain good at moisture in cold climates.

In terms of regions, Asia-Pacific is estimated to lead the market during the forecast period. Shifting focus to slow down the construction solutions to decrease greenhouse gas emissions is expected to increase market expansion. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Research Methodology

This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.

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Critical Questions Answered in the Report

  • What are the key trends in the Exterior Wall System Market?
  • How has the market (and its various sub-segments) grown in the last five years?
  • What would be the growth rate in next five years?
  • What is the impact of COVID-19 on the market?
  • What are the key strategies adopted by the major vendors to lead in the Exterior Wall System Market?
  • What is the market share of the top vendors?

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