The exterior wall system market consists of structural components and materials such as exterior cladding, extrusions, drainage mats, and reinforcement systems used for rainscreen cladding and cladding systems installation. Exterior wall system supports the building envelope by controlling airflow, temperature difference, and moisture levels. They provide protection to the wall by keeping weather elements such as rain, wind, and moisture outside. With increasing construction activities globally, rising urbanization and infrastructure investment, the demand for exterior wall system is expected to rise substantially during the forecast period.
The Global exterior wall system market is estimated to be valued at US$ 162.91 Bn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2031.
Growing residential and commercial construction, especially in developing countries of Asia Pacific and Central South America is a key driver for Exterior Wall System Market Demand . Rapid urbanization and rising disposable income has increased the demand for interior and exterior finishing of residential and commercial infrastructure. Exterior wall system not only provides structural strength and durability but also offers aesthetic value and design freedom to architects and builders.
Key Takeaways
Key players operating in the exterior wall system market are Etex Group, SCG, Alcoa Corporation, 3A Composites, Avient Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, CSR Limited, CRH, Cornerstone Building Brands, Kingspan Group, Saint-Gobain, Boral Limited, James Hardie Industries, Cemex, Sika AG, Rockwool International, GAF, Owens Corning, and Häfele.
Key opportunities in the market include rising demand for green building materials with sustainable properties. Various governments globally are promoting use of eco-friendly construction practices to reduce carbon footprint of buildings which is opening new growth avenues. Moreover, increasing product and system innovations incorporating advanced materials such as fiber cement boards, composites and others is expanding application scope of exterior wall systems.
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