Global Exterior Wall Systems Market Size, Share, Growth Analysis, By Material(Glass and fiberglass, metal), By End user(Residential, commercial), By Type(Ventilated, non-ventilated) - Industry Forecast 2024-2031

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

Global Exterior Wall Systems Market News

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.

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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 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.

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 Size, Share, Growth Analysis, By Material(Glass and fiberglass, metal), By End user(Residential, commercial), By Type(Ventilated, non-ventilated) - Industry Forecast 2024-2031

Global Exterior Wall Systems Market News

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