Exterior Wall Systems Market is Estimated to Grow at a CAGR of 6.90% from 2022 to 2028
As stated in our extensive report; the Global Exterior Wall Systems Market accounted for USD 138.1 Billion in the year 2021.
Exterior Wall Systems are used to shield a building’s exterior from environmental hazards like fire, extreme heat and cold, rain penetration, and other weather-related dangers. It serves as a building envelope by providing a shield for the structure’s exterior. Exterior Wall Systems are also employed to enhance a building’s aesthetic appeal. They use lightweight materials for quicker construction and less expensive building. Various types of Exterior Wall Systems include curtain walls, ventilated walls, and non-ventilated walls. The residential, commercial, and industrial systems are used for exterior walls.
The Exterior Wall Systems market is segmented on the basis of type, end users and material. Based on type, the market is segmented as Ventilated (Pre Installation and Post Installation), Non-Ventilated (Pre Installation and Post Installation) and Curtain Wall (Pre Installation and Post Installation). Based on the end-use industry, the market is segmented as Commercial, Industrial and Residential. Based on material, the market is segmented as Glass Panel, Ceramic Tile, Vinyl, Metal Panel, Brick & Stone, Fiber Cement, Gypsum/Plasterboard, EIFS, Wood, Fiberglass Panel, HPL, GRC and Others, including magnesium oxide boards and cement board. Based on supporting walls, the market is segmented as Concrete, Masonry and Wood. Region-wise, the Global Exterior Wall Systems Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
A huge increase in industrial, commercial, and residential development activity is driving the need for Exterior Wall Systems. In addition, the increased use of dry building methods rather than wet ones is another significant element boosting the growth of the global market for Exterior Wall Systems. Other significant factors that are propelling market expansion include the rising demand for green buildings, increased urbanization, and the expanding requirement for effective thermal management of buildings.
The Exterior Wall Systems market is anticipated to experience substantial expansion as a result of increased demand for protective wall systems and the relevance of a building’s aesthetics. There will be more room for growth if emerging technology and infrastructure projects are invested in by developing economies. Furthermore, the increased interest in eco-friendly facade systems offers further prospects. Additionally, legal frameworks support the usage of outside wall systems. As a result, the market has several prospects for expansion.
However, there are some limitations, such as the high repair costs that go along with them and the adoption of strict rules to reduce carbon emissions from the construction industry. These could have a negative effect on the market’s expansion for Exterior Wall Systems worldwide.
During the forecast period, the Exterior Wall Systems market in Asia Pacific is anticipated to develop at the quickest rate. This is brought on by an increase in foreign investments in the area, a boom in residential and non-residential buildings, rising disposable income, and an increase in the number of housing schemes. In addition, due to the use of cutting-edge construction techniques and an increase in the use of dry construction techniques, the North American region is also anticipated to experience rapid growth.
Increase in industrial, commercial, and residential construction activities and Increase in demand for protective wall systems enhancing esthetic appeal of a building, will have a favorable impact on the overall Exterior Wall Systems market.
Some of the key players in the Global Exterior Wall Systems Market include- ETEX GROUP,SCG,ALCOA CORPORATION,3A COMPOSITES, AVIENT CORPORATION LOUISIANA-PACIFIC CORPORATION, NICHIHA CORPORATION, CSR LIMITED CRH, CORNERSTONE BUILDING BRANDS, KRONOSPAN LIMITED, SHERA DRYVIT SYSTEMS INC., STADUR PRODUKTIONS GMBH & CO.KG, TRUSUS ELEMENTIA, TORAY INDUSTRIES, BORAL LIMITED, ARCELORMITTAL, NUCOR UNIVERSAL CEMENT CORPORATION, VINH TUONG INDUSTRIAL CORPORATION TERRACO GROUP, METECENO GROUP, RIEDER GROUP and others.