Global Stucco Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 4.9 % from 2020 to 2027, reaching US$ XX Mn.
Global Stucco Market
Global Stucco Market Overview:
The low prices of stucco equated to other plasters & its high flexible strength & durability are likely to rise its further usage for housing construction. This aspect is expected to majorly support the Stucco market evolution. Moreover, the high strength, long-lasting durability & moisture resistance characteristics of stucoo will additional growth in its demand through worldwide. The rising developments taking place in the housing & industrial construction area will also push market growth.
Furthermore, the new construction & restoration of the older construction along with the growing demand for extra house units are other aspects expected to boost the development of the global Stucco market. Additional aspects like the huge investments in the industrial sector, low cost labor availability, less strict safety & environmental standards, etc. will extra supplement the system of construction services & in turn, help the market development. This is a fast rising market owing to the Energy Code becoming more projecting. MMR expect that insulated sidings overall will have a GAGR of 5.8 percent by 2027. This contains insulated three-coat & the proprietary one-coat stucco systems. It is anticipated during the forecast period, 2/3 of stucco used US will be an insulated system. Owing to verifiable code compliance, one-coat stucco will make up a important portion of the future stucco market.
Cost of Stucco:
MMR Report study find that two aspects control the decision in which cladding to use, Durability & Cost. Since vinyl siding is the leading market shareholder, it should be supposed that price generally outweighs durability. Stucco & brick are both durable. However, brick leads reviews on apparent durability. Brick is the highest price of all housing claddings. The price for installed stucco to the customer is local & differs with particular markets. The price to install stucco agrees closely with market share. The relationship between stucco market share & local prices to install should not be underrated. Unlike drywall, vinyl or fiber cement siding, where values are relatively constant through the country, stucco values will differ radically from county to county.
Aspects impacting the installed price of installed cement stucco are:
• Skilled labor availability
• Production cost for installing stucco
• Materials available in domestic markets
Growth of Global Construction industry will drive stucco market:
The construction Industry is one of the major in the world economy, with about $10 trillion expended on construction-related things & services every year. Though, the industry’s efficiency has straggled that of other industries for last few years, & there is a $1.6 trillion chance to close the gap. Globally, construction segment labor-productivity development averaged 1 % a year over the last two decades, equated with 2.8 % for the total global economy & 3.6 % for manufacturing. For example of nations analyzed, less than 25 % of construction companies matched the output progress attained in the total economies where they work over the last decade. International requirement for infrastructure & housing will be tough to meet. If construction efficiency were to catch up with the entire economy, the production’s value added could increase by $1.6 trillion a year. That would meet about half of the world’s annual infrastructure requirements or boost total GDP by 2 %. One third of the chance is in the US, where, since 1945, output in manufacturing, retail, & agriculture has matured by as much as 1,500 %.
Global Stucco Market1
The objective of the report is to present a comprehensive analysis of the Global Stucco Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Stucco Market dynamics, structure by analyzing the market segments and project the Global Stucco Market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Stucco Market make the report investor’s guide.
Global Stucco Market, By Product
• Traditional Three-coat Stucco
• Exterior insulating & Finish Systems
• Newer-one Coat Stucco
Global Stucco Market, By Insulation Type
• Insulated Siding
• Non-insulated Siding
Global Stucco Market, By End- User
Global Stucco Market, By Region
• MEA & Africa
• Latin America
Global Stucco Market Key Players
• BASF SE
• RPM International Inc.
• Sika AG
• Fosroc International Ltd.
• Mapei S.p.A.
• GCP Applied Technologies Inc.
• General Electric (GE)
• CEMEX S.A.B. de C.V.
• The Dow Chemical Company.