Exterior Wall Systems Market Size & Forecast, 2030
Market Dynamics
A benefit associated with glass panels materials such as luminosity, gives amplitude to space, allows to mix different styles and transits a way of modernity. An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others further propels the growth of the exterior wall systems market globally. For instance, degree of urbanization in the UK increased by 0.57% from 2019 to 2020. In addition, the residential construction expenditure of China is expected to increase 7.5% every year2019 to 2030. Rise in disposable income of population and change in standard of living drive the adoption of system in residential properties; thereby, driving the growth of the market. For instance, disposable income of Bangladesh grew by 5.15% from 2019 to 2020. In addition, rise in construction of commercial buildings & industrial buildings is expected to boost the growth of the market in France. For instance, in Brazil, according to the Worldbank Group, the government increased its allocation toward tourism sector, which is expected to grow at a rate of 1.48% from 1995 to 2028. These scenarios are favorable for growth of the exterior wall systems market in the region during the forecast period.
By Material
Metal segment is projected to grow at a significant CAGR
Major players such as Etex Group, SCG, Louisiana Pacific and others are adopting business expansion as key development strategy to improve the geographical presence of the exterior wall systems products. For instance, in January 2020, Louisiana Pacific announced a phased, integrated capacity expansion strategy that will supply accelerating growth for smart side products and increase Louisiana Pacific OSB while expanding options to flexibly balance.
However, the high cost of production, initial capital investment and escalating prices of raw materials are key factors expected to hamper market growth over the forecast period. In addition, stringent government regulations regarding emission of carbon and rise in environmental concerns are some additional factors, which can hamper growth of the market. Furthermore, increase in construction of green buildings is anticipated to provide lucrative opportunities for the growth of the global exterior wall systems market.
By Type
Curtain Wall segment generated the highest revenue.
The exterior wall systems market is segmented on the basis of material, type, end user, and region. Based on material, the market is segmented into glass and fiberglass, metal, ceramic, cement, and others. The glass and fiberglass segment dominated the market in 2020. Based on end user, the market in divided into residential, commercial, and industrial. The commercial segment dominated the market in 2020. Based on type, the market is divided into ventilated, non-ventilated, and curtain wall. The curtain wall segment dominated the market in 2020.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific generated the highest revenue in 2020.
By End User
Commercial segment holds dominant position in 2020
Competition Analysis
The key players profiled in the market report include Etex Group, SCG, Alcoa Corporation, Schweiter Technologies AG, AGC Inc. Louisiana Pacific Corporation, Nichiha Corporation, CSR LTD., CRH, and Cornerstone Building Brands.
Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global exterior wall systems industry. For instance, in February 2019, Cornerstone Building Brands acquired environmental Stoneworks Company for combining the existing stone business and it became the market leader in stone veneer. It possesses features such as lightweight, high rigidity, excellent flatness, and long-lasting coating qualities. It is eco-friendly and environmentally sustainable.
By Region
Asia-Pacific holds a dominant position in 2020.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global exterior wall systems market trends and dynamics.
- In-depth market analysis is conducted by global exterior wall systems market estimations for the global exterior wall systems market segments between 2020 and 2030.
- Extensive analysis of the global exterior wall systems market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global exterior wall systems market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within containment barrier market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global exterior wall systems.
Exterior Wall Systems Market Report Highlights
| Aspects | Details |
 By Type |
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 By Material |
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 By END USER |
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 By Region |
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 Key Market Players | CSR Limited, AGC Inc, Alcoa Corporation, Schweiter Technologies AG, SCG, CRH, Nichiha Corporation, Cornerstone Building Brands, Louisiana Pacific Corporation, Etex Group |
Analyst Review
The growth in commercial and residential construction building industry and surge in support offered by governments for the global exterior wall systems market possess significant growth potential during the forecast period. In addition, rise in spending on commercial and residential construction activities fuels the demand for exterior wall systems; thereby, driving the growth of the exterior wall systems market. For instance, China will build an airport in Nasiriyah, Central Iraq and nearly 90,000 houses in Baghdad district of Sadr City in return for Oil, and 1000 healthcare facilities and improve Baghdad’s sewerage.
An increasing public and personal investment across industrial commercial and residential end use industries is predicted to significantly drive the demand for global exterior wall systems market. For instance, in 2020, Votorantim Cimentos S.A in Brazil registered an increase of around 28% in construction activities, these factors drives the demand of global exterior wall systems market. China, India, and others are expected to witness increased in new construction activities; thus, driving the growth of the global exterior wall systems market.
However, high cost of repair and volatile material prices are restraint the growth of the global exterior wall systems market. Moreover, increasing demand for protective wall systems and aesthetics of a building are anticipated to provide lucrative opportunities for the growth of the global exterior wall systems market.
The global exterior wall systems market size was $125,863.0 million in 2020 and is projected to reach $221,886.0 million in 2030, growing at a CAGR of 5.6% from 2021 to 2030.
The forecast period considered for the global exterior wall systems market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
The base year considered in the global exterior wall systems market is 2020.
No, the report does not provide Value Chain Analysis for the global exterior wall systems market. However, it provides market share analysis for the top players in the exterior wall systems market.
On the basis of type, the curtain wall segment is expected to be the most influencing segment growing in the global exterior wall systems market report.
Based on the material, in 2020, the glass and fiberglass segment generated the highest revenue, accounting for 42.17% of the market and is projected to grow at a CAGR of 6.0% from 2021 to 2030.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
The market value of global exterior wall systems market is $136,063.0 million in 2021.
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