The size of exterior wall system market was registered at USD 234.68 billion in the year 2020 and is anticipated to cross USD 392.29 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 7.9%.
The exterior wall system market share is estimated to surpass a valuation of USD 390 billion by 2027. Considering an instance, in September 2020, Technoform launched its thermal isolator clip for buildings having continuous insulation systems. The product is suitable for both new construction and renovation applications and has been engineered for usage in exterior wall cladding as well as façade systems.
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Non-ventilated exterior wall systems are poised to record a CAGR of 7.5% from 2021 to 2027. This is due to the rich aesthetics of these systems and the advantages of high quality insulation, slimmer design, and noise damping property.
The rising requirement for the improvement of energy efficiency of buildings is set to augment the demand for exterior wall cladding applications. All in all, increasing per capita expenditure on residential infrastructure will stimulate the growth of exterior wall systems market size through the estimated period.
The exterior wall system market size from industrial building application is expected to grow at a CAGR of 7.7% from 2021 to 2027. This growth is attributed to a rise in industrial infrastructure and construction projects in emerging economies.
The exterior wall system market size from vinyl material accounts for more than 20% of the overall market revenue and is poised to record appreciable gains through the analysis period due to their multiple advantages. These benefits comprise better weathering, advanced aesthetic value, and non-fading characteristics.
Other advantages comprise enhanced resistance to rotting, peeling, cracking, blistering, corroding, flaking, chipping, and excessive fading. The huge availability of vinyl material in numerous patterns and designs is expected to impel exterior wall system industry growth through the anticipated period.
Furthermore, rising standardization in the building and construction industry and the inflow of FDI in developing countries will boost exterior wall system market growth. To cite an instance, the European Union is actively implementing policies for the reinforcement of economic ties with developing countries, especially in Africa, where requirements related to infrastructure are high.
An increase in number of government policies that support the construction of green buildings are set to augment exterior wall system market value through the coming years. Such initiatives will impel an upsurge in real-estate and infrastructure projects, bolstering business landscape through 2027.
The North America exterior wall system market is anticipated to record a nearly 30% share through 2027.North America is characterized by rising per capita income and an increase in the quality of life that enables citizens to make an expenditure for residential infrastructure.
This is because apartment developers in North America seek growth in secondary and suburban markets. With an increase in nuclear families, developers repeatedly construct flats, apartments, and societies, which limits their capability for the provision of best furnished facilities at minimum constraints.
Several exterior wall system industry players are also focusing on product innovations, mergers, geographic expansion, partnerships, and joint ventures for consolidating their position in the market. Some of the industry participants include Saint-Gobain S.A., Sika Group, Owens Corning, Boral Limited, The Dow Company, and others.
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Some Point from Table of Contents:
Chapter 5 Exterior Wall System Market, By Material
5.1 Global exterior wall system industry material insights
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Fiber cement
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast, by region, 2017 – 2027
5.5.1 Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast, by region, 2017 – 2027
5.6.1 Market estimates and forecast, 2017 – 2027
5.6.2 Market estimates and forecast, by region, 2017 – 2027
5.7.1 Market estimates and forecast, 2017 – 2027
5.7.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Exterior Wall System Market, By Application
6.1 Global exterior wall system industry application insights
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4.1 Market estimates and forecast, 2017 – 2027
6.4.2 Market estimates and forecast, by region, 2017 – 2027
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