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2021

Exterior Wall Systems Market

Exterior Wall Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, End User and Type : Global Opportunity Analysis and Industry Forecast, 2021-2030

CM : Construction Materials

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Author's: Amol Phoke| Priyanka Khandelwal| | Sonia Mutreja
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The global exterior wall systems market size was $ 125,863.0 million in 2020 and is expected to reach $221,974.8 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. 

Exterior wall systems are accustomed to protect a buildings surface from the weather, like excessive heat and cold, rainfall penetration, fire and other hazards of the external environment. It works as a building envelope by putting a protective covering on the buildings outside surface. This system is durable, lightweight, easy to install, moisture proof, and provides aesthetic.  

Global-Exterior-Wall-Systems-Market

Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for high appealing designs for buildings are expected to fuel the global exterior wall systems market growth.

Exterior wall systems products are presently being used in the residential and commercial projects. Increased urbanization is presently being witnessed in emerging countries such as China, India, and others due to exponential growth in population. Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly boosts the growth of the market.

A benefit associated with glass panels materials such as luminosity, gives amplitude to space, allows to mix different styles and transits a way of modernity. An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others further propels the growth of the exterior wall systems market globally. For instance, degree of urbanization in the UK increased by 0.57% from 2019 to 2020. In addition, the residential construction expenditure of China is expected to increase 7.5% every year2019 to 2030. Rise in disposable income of population and change in standard of living drive the adoption of system in residential properties; thereby, driving the growth of the market. For instance, disposable income of Bangladesh grew by 5.15% from 2019 to 2020. In addition, rise in construction of commercial buildings & industrial buildings is expected to boost the growth of the market in France. For instance, in Brazil, according to the Worldbank Group, the government increased its allocation toward tourism sector, which is expected to grow at a rate of 1.48% from 1995 to 2028. These scenarios are favorable for growth of the exterior wall systems market in the region during the forecast period.

Exterior Wall Systems Market
By Material
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Metal segment is projected to grow at a significant CAGR

Major players such as Etex Group, SCG, Louisiana Pacific and others are adopting business expansion as key development strategy to improve the geographical presence of the exterior wall systems products. For instance, in January 2020, Louisiana Pacific announced a phased, integrated capacity expansion strategy that will supply accelerating growth for smart side products and increase Louisiana Pacific OSB while expanding options to flexibly balance.

However, the high cost of production, initial capital investment and escalating prices of raw materials are key factors expected to hamper market growth over the forecast period. In addition, stringent government regulations regarding emission of carbon and rise in environmental concerns are some additional factors, which can hamper growth of the market. Furthermore, increase in construction of green buildings is anticipated to provide lucrative opportunities for the growth of the global exterior wall systems market. 

Exterior Wall Systems Market
By Type
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Curtain Wall segment generated the highest revenue.

The exterior wall systems market is segmented on the basis of material, type, end user, and region. Based on material, the market is segmented into glass and fiberglass, metal, ceramic, cement, and others. The glass and fiberglass segment dominated the market in 2020. Based on end user, the market in divided into residential, commercial, and industrial. The commercial segment dominated the market in 2020. Based on type, the market is divided into ventilated, non-ventilated, and curtain wall. The curtain wall segment dominated the market in 2020. 

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific generated the highest revenue in 2020.

Exterior Wall Systems Market
By End User
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Commercial segment holds dominant position in 2020

Competition Analysis

The key players profiled in the market report include Etex Group, SCG, Alcoa Corporation, Schweiter Technologies AG, AGC Inc. Louisiana Pacific Corporation, Nichiha Corporation, CSR LTD., CRH, and Cornerstone Building Brands. 

Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global exterior wall systems industry. For instance, in February 2019, Cornerstone Building Brands acquired environmental Stoneworks Company for combining the existing stone business and it became the market leader in stone veneer. It possesses features such as lightweight, high rigidity, excellent flatness, and long-lasting coating qualities. It is eco-friendly and environmentally sustainable.

Exterior Wall Systems Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global exterior wall systems market trends and dynamics.  
  • In-depth market analysis is conducted by global exterior wall systems market estimations for the global exterior wall systems market segments between 2020 and 2030. 
  • Extensive analysis of the global exterior wall systems market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global exterior wall systems market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within containment barrier market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global exterior wall systems. 

Exterior Wall Systems Market Report Highlights

Aspects Details
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By Type
  • Ventilated
  • Non-ventilated
  • Curtain Wall
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By Material
  • Glass and Fiberglass
  • Ceramic
  • Metal
  • Cement
  • Others
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By END USER
  • Residential
  • Commercial
  • Commercial
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, Italy, UK, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Nichiha Corporation, Schweiter Technologies AG, CSR Limited, Louisiana Pacific Corporation, Etex Group, SCG, Alcoa Corporation, CRH, AGC Inc, Cornerstone Building Brands

Analyst Review

The growth in commercial and residential construction building industry and surge in support offered by governments for the global exterior wall systems market possess significant growth potential during the forecast period. In addition, rise in spending on commercial and residential construction activities fuels the demand for exterior wall systems; thereby, driving the growth of the exterior wall systems market. For instance, China will build an airport in Nasiriyah, Central Iraq and nearly 90,000 houses in Baghdad district of Sadr City in return for Oil, and 1000 healthcare facilities and improve Baghdad’s sewerage.

An increasing public and personal investment across industrial commercial and residential end use industries is predicted to significantly drive the demand for global exterior wall systems market. For instance, in 2020, Votorantim Cimentos S.A in Brazil registered an increase of around 28% in construction activities, these factors drives the demand of global exterior wall systems market. China, India, and others are expected to witness increased in new construction activities; thus, driving the growth of the global exterior wall systems market.

However, high cost of repair and volatile material prices are restraint the growth of the global exterior wall systems market. Moreover, increasing demand for protective wall systems and aesthetics of a building are anticipated to provide lucrative opportunities for the growth of the global exterior wall systems market.

 

Author Name(s) : Amol Phoke| Priyanka Khandelwal| | Sonia Mutreja
Frequently Asked Questions?

The global exterior wall systems market size was $125,863.0 million in 2020 and is projected to reach $221,886.0 million in 2030, growing at a CAGR of 5.6% from 2021 to 2030.

The forecast period considered for the global exterior wall systems market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

The base year considered in the global exterior wall systems market is 2020.

No, the report does not provide Value Chain Analysis for the global exterior wall systems market. However, it provides market share analysis for the top players in the exterior wall systems market.

On the basis of type, the curtain wall segment is expected to be the most influencing segment growing in the global exterior wall systems market report.

Based on the material, in 2020, the glass and fiberglass segment generated the highest revenue, accounting for 42.17% of the market and is projected to grow at a CAGR of 6.0% from 2021 to 2030.

The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The market value of global exterior wall systems market is $136,063.0 million in 2021.

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Exterior Wall Systems Market

Global Opportunity Analysis and Industry Forecast, 2021-2030