Global Exterior Wall Systems Market

Exterior Wall Systems Market Size, Share, Growth Analysis, By Material(Glass and fiberglass, metal, ceramic, cement), By End user(Residential, commercial, and industrial sectors), By Type(Ventilated, non-ventilated, and curtain wall), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15F2095 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 92 |Figures: 76

Exterior Wall Systems Market Insights

Exterior Wall Systems Market size was valued at USD 255.14 billion in 2022 and is poised to grow from USD 273.81 billion in 2023 to USD 475.76 billion by 2030, at a CAGR of 8.1% during the forecast period (2023-2030).

The exterior wall system market is experiencing significant growth and transformation driven by various factors. Increasing construction activities, rapid urbanization, and the growing demand for energy-efficient and sustainable buildings are key drivers of market growth.

The rising focus on improving building aesthetics, durability, and thermal insulation capabilities has led to a surge in demand for advanced exterior wall systems.

Moreover, stringent government regulations and building codes aimed at reducing carbon emissions and enhancing energy efficiency have further propelled market growth.

Additionally, the adoption of innovative materials and technologies, such as lightweight cladding systems, rainscreen facades, and advanced insulation solutions, are driving the market forward.

With the construction industry embracing sustainable practices and technological advancements, the exterior wall system market is expected to witness continued growth in the coming years.

US Exterior Wall Systems Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 255.14 billion

Largest Segment

Residential

Fastest Growth

Residential

Growth Rate

8.1% CAGR

Global Exterior Wall Systems Market by region
Country Share for North America (%)

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Exterior Wall Systems Market Segmental Analysis

The market for exterior wall systems is categorized based on material, end user, region, and type. The materials include glass and fiberglass, metal, ceramic, cement, and others. The end users are residential, commercial, and industrial sectors. The types of exterior wall systems are ventilated, non-ventilated, and curtain wall. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and the rest of the world.

Exterior Wall Systems Market Analysis By Material

Currently, the largest segment in the exterior wall systems market by material is likely to be the concrete segment. Concrete is a widely used material for exterior wall systems due to its durability, strength, and fire resistance properties. It is commonly used in both residential and commercial construction projects, making it a dominant material in the market.

The fastest-growing segment in the exterior wall systems market by material is expected to be the composite materials segment. Composite materials, such as fiber cement, metal composite, and wood-plastic composites, are gaining popularity in the construction industry due to their combination of desirable properties. The demand for composite materials in exterior wall systems is expected to grow rapidly as construction practices increasingly emphasize sustainability, energy efficiency, and aesthetic appeal.

Exterior Wall Systems Market Analysis By Type

Insulated wall systems are expected to be the largest segment in the exterior wall systems market. These systems provide thermal insulation to buildings, reducing energy consumption and enhancing energy efficiency. The demand for insulated wall systems is driven by the growing focus on sustainable construction practices and the need for improved building performance. Additionally, increasing regulations and standards related to energy efficiency are also contributing to the growth of this segment.

Composite wall systems are projected to be the fastest-growing segment in the exterior wall systems market. These systems combine different materials, such as metal, wood, and concrete, to create a composite structure with enhanced strength, durability, and aesthetic appeal. The increasing adoption of composite wall systems is attributed to their ability to meet the demand for innovative and visually appealing building exteriors.

Global Exterior Wall Systems Market by end-user, 2023 (%)

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Exterior Wall Systems Market Regional Insights

North America emerged as the dominant market, contributing over 45% of the revenue. This was primarily due to the region's increasing demand for energy-efficient solutions. Going forward, the market in this region is expected to experience accelerated growth, driven by ongoing technological advancements in the building materials industry.

The Asia-Pacific region, specifically the market for Exterior Wall Systems, ranked second in terms of size. This can be attributed to the significant number of construction projects taking place in developing countries like China and India. The non-residential segment is experiencing high demand in China due to the country's growing infrastructure projects, such as the Shanghai Urban Rail Transit Expansion project and Beijing's Daxing International Airport. Notably, China holds the largest market share in the exterior wall system market, while India's market is the fastest-growing within the Asia-Pacific region.

Global Exterior Wall Systems Market by geography, 2024-2031
  • Largest
  • Fastest

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Exterior Wall Systems Market Dynamics

Exterior Wall Systems Market Drivers

Increased Construction Activities

  • The demand for exterior wall systems is rising due to the growth in industrial, commercial, and residential construction activities worldwide. Governments are undertaking initiatives to develop and modernize infrastructure, further driving the market's growth. For instance, the Government of India has allowed 100% foreign direct investment (FDI) in selected construction projects. Moreover, the preference for dry construction methods over wet construction methods, coupled with increasing disposable incomes, is bolstering the demand for exterior wall systems. Furthermore, there is a growing need for efficient thermal management of buildings, and consumers are becoming increasingly aware of environmentally friendly facade solutions. This has led to a surge in demand for exterior wall systems, which provide effective thermal insulation and contribute to sustainable building practices.

Exterior Wall Systems Market Restraints

Harmful Carbon Emissions

  • The materials used in exterior wall systems include ceramics, insulation materials, cement, fiberboards, and vinyl. However, the manufacturing processes involved in these materials often generate pollutants and toxic emissions that pose risks to both the environment and human health. In response, governments of various countries are implementing stringent regulations to reduce carbon emissions from the construction industry. These regulations aim to mitigate the environmental impact and promote sustainable practices. As a result, the industry may face challenges and experience constraints in its growth. The need to comply with these regulations and adopt environmentally friendly manufacturing processes could impact the production and availability of certain materials used in exterior wall systems. This, in turn, may influence the overall growth of the industry as manufacturers and suppliers adapt to meet the evolving environmental standards and ensure a safer and healthier built environment.

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Exterior Wall Systems Market Competitive Landscape

The competitive landscape of the exterior wall systems market is characterized by the presence of several prominent players vying for market share. These companies are focused on innovation, product development, strategic partnerships, and acquisitions to gain a competitive edge. These companies offer a diverse range of exterior wall system solutions, catering to various sectors such as residential, commercial, industrial, and institutional construction. They are investing in research and development to introduce advanced and sustainable materials that offer enhanced performance in terms of energy efficiency, durability, and aesthetics. Additionally, companies are expanding their geographical presence through partnerships and acquisitions to tap into emerging markets. The competitive landscape is expected to remain dynamic, with companies continually striving to provide innovative solutions to meet evolving customer needs and regulatory requirements in the construction industry.

Exterior Wall Systems Market Top Player’s Company Profiles

  • Saint-Gobain (France)
  • Kingspan Group plc (Ireland)
  • Dow (United States)
  • Etex Group (Belgium)
  • Nippon Sheet Glass (Japan)
  • LafargeHolcim Ltd (Switzerland)
  • CRH plc (Ireland)
  • Boral Limited (Australia)
  • Cemex S.A.B. de C.V. (Mexico)
  • James Hardie Industries plc (Ireland)
  • Fletcher Building Limited (New Zealand)
  • USG Corporation (United States)
  • Knauf (Germany)
  • CSR Limited (Australia)
  • Nichiha Corporation (Japan)
  • Tata Steel Limited (India)
  • Sika AG (Switzerland)
  • Cembrit Holding A/S (Denmark)
  • ETEX Building Performance (Belgium)
  • CertainTeed Corporation (United States)

Exterior Wall Systems Market Recent Developments

  • In November 2020, Etex-Arauco, an E2E joint venture, agreed to buy a majority share in Tecverde. Techverd's unique wood-frame construction techniques enable the fabrication of practically an entire structure. This will allow E2E to tread new ground in the Brazilian construction business.

Exterior Wall Systems Key Market Trends

  • The global exterior wall systems market is experiencing several key market trends that are shaping the industry landscape. Firstly, there is a growing demand for sustainable and energy-efficient building solutions, driving the adoption of innovative exterior wall systems that offer better insulation and reduce energy consumption. Additionally, there is an increasing focus on aesthetics and design flexibility, with a shift towards customizable and visually appealing exterior wall materials and finishes. Another significant trend is the integration of advanced technologies in exterior wall systems, such as smart sensors, self-cleaning coatings, and solar panels, to enhance functionality and performance. Moreover, the construction industry's emphasis on durability and longevity is driving the demand for high-quality and low-maintenance exterior wall products.

Exterior Wall Systems Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global exterior wall systems market is expected to witness promising growth prospects in the coming years. Factors such as rapid urbanization, increasing construction activities, and growing demand for energy-efficient buildings are driving the market's expansion. The rise in infrastructural development projects, particularly in emerging economies, coupled with the growing emphasis on sustainable construction practices, will further contribute to market growth. Additionally, advancements in construction technologies and materials, including insulated panels and green building solutions, are anticipated to fuel the demand for exterior wall systems. Overall, the future of the global exterior wall systems market appears optimistic, with ample opportunities for industry players to capitalize on.

Report Metric Details
Market size value in 2023 USD 255.14 billion
Market size value in 2031 USD 475.76 billion
Growth Rate 8.1%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Glass and fiberglass, metal, ceramic, cement, and others
  • End user
    • Residential, commercial, and industrial sectors
  • Type
    • Ventilated, non-ventilated, and curtain wall
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Saint-Gobain (France)
  • Kingspan Group plc (Ireland)
  • Dow (United States)
  • Etex Group (Belgium)
  • Nippon Sheet Glass (Japan)
  • LafargeHolcim Ltd (Switzerland)
  • CRH plc (Ireland)
  • Boral Limited (Australia)
  • Cemex S.A.B. de C.V. (Mexico)
  • James Hardie Industries plc (Ireland)
  • Fletcher Building Limited (New Zealand)
  • USG Corporation (United States)
  • Knauf (Germany)
  • CSR Limited (Australia)
  • Nichiha Corporation (Japan)
  • Tata Steel Limited (India)
  • Sika AG (Switzerland)
  • Cembrit Holding A/S (Denmark)
  • ETEX Building Performance (Belgium)
  • CertainTeed Corporation (United States)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Exterior Wall Systems Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Exterior Wall Systems Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Exterior Wall Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Exterior Wall Systems Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Exterior Wall Systems Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Exterior Wall Systems Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Exterior Wall Systems Market size was valued at USD 255.14 billion in 2022 and is poised to grow from USD 273.81 billion in 2023 to USD 475.76 billion by 2030, at a CAGR of 8.1% during the forecast period (2023-2030).

The competitive landscape of the exterior wall systems market is characterized by the presence of several prominent players vying for market share. These companies are focused on innovation, product development, strategic partnerships, and acquisitions to gain a competitive edge. These companies offer a diverse range of exterior wall system solutions, catering to various sectors such as residential, commercial, industrial, and institutional construction. They are investing in research and development to introduce advanced and sustainable materials that offer enhanced performance in terms of energy efficiency, durability, and aesthetics. Additionally, companies are expanding their geographical presence through partnerships and acquisitions to tap into emerging markets. The competitive landscape is expected to remain dynamic, with companies continually striving to provide innovative solutions to meet evolving customer needs and regulatory requirements in the construction industry. 'Saint-Gobain (France)', 'Kingspan Group plc (Ireland)', 'Dow (United States)', 'Etex Group (Belgium)', 'Nippon Sheet Glass (Japan)', 'LafargeHolcim Ltd (Switzerland)', 'CRH plc (Ireland)', 'Boral Limited (Australia)', 'Cemex S.A.B. de C.V. (Mexico)', 'James Hardie Industries plc (Ireland)', 'Fletcher Building Limited (New Zealand)', 'USG Corporation (United States)', 'Knauf (Germany)', 'CSR Limited (Australia)', 'Nichiha Corporation (Japan)', 'Tata Steel Limited (India)', 'Sika AG (Switzerland)', 'Cembrit Holding A/S (Denmark)', 'ETEX Building Performance (Belgium)', 'CertainTeed Corporation (United States)'

The demand for exterior wall systems is rising due to the growth in industrial, commercial, and residential construction activities worldwide. Governments are undertaking initiatives to develop and modernize infrastructure, further driving the market's growth. For instance, the Government of India has allowed 100% foreign direct investment (FDI) in selected construction projects. Moreover, the preference for dry construction methods over wet construction methods, coupled with increasing disposable incomes, is bolstering the demand for exterior wall systems. Furthermore, there is a growing need for efficient thermal management of buildings, and consumers are becoming increasingly aware of environmentally friendly facade solutions. This has led to a surge in demand for exterior wall systems, which provide effective thermal insulation and contribute to sustainable building practices.

The exterior wall systems market is experiencing several key market trends that are shaping the industry landscape. Firstly, there is a growing demand for sustainable and energy-efficient building solutions, driving the adoption of innovative exterior wall systems that offer better insulation and reduce energy consumption. Additionally, there is an increasing focus on aesthetics and design flexibility, with a shift towards customizable and visually appealing exterior wall materials and finishes. Another significant trend is the integration of advanced technologies in exterior wall systems, such as smart sensors, self-cleaning coatings, and solar panels, to enhance functionality and performance. Moreover, the construction industry's emphasis on durability and longevity is driving the demand for high-quality and low-maintenance exterior wall products.

North America emerged as the dominant market, contributing over 45% of the revenue. This was primarily due to the region's increasing demand for energy-efficient solutions. Going forward, the market in this region is expected to experience accelerated growth, driven by ongoing technological advancements in the building materials industry.

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Global Exterior Wall Systems Market

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