Dublin, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The "Global Exterior Wall Systems Market By Type, By Supporting Wall, By Material, End User, Global Opportunity Analysis and Industry Forecast, 2022-2027." report has been added to ResearchAndMarkets.com's offering.
The Global Exterior Wall System Market was valued at US$ 130,210.00 Mn in 2021, estimated to reach US$ 211,569.00 Mn in 2027, with a CAGR of 7.18% from 2022-2027.
Companies Mentioned
- Etex Group
- SCG
- Alcoa Corporation
- 3A Composites
- Avient Corporation
- Louisiana-Pacific Corporation
- Nichiha Corporation
- CSR Limited
- Cornerstone Building Brands
- CRH
Exterior wall systems are accustomed to protect a buildings surface from the weather such as excessive heat & cold, rainfall penetration, fire and other hazards of the external environment. These systems work as a building envelope by putting a protective covering on the buildings outside surface. This system is lightweight, durable, easy to install, moisture proof, and provides aesthetic.
Market Drivers
The market for exterior wall systems is primarily driven by the expansion of the construction sector. The expansion of the construction sector is closely related to a nation's economic progress. The market for exterior wall systems will be driven by the rise in construction activities worldwide. There are now new commercial, non-commercial, and residential buildings as a result of the rapid industrial growth.
There has been a sharp increase in the building of factories, manufacturing plants, stadiums, shopping malls, office buildings, hotels, public facilities (including governmental structures), and other government projects. This will directly affect the need for environmentally friendly decorative building construction methods in these structures, which will lead to an increase in the demand for exterior wall systems.
Market Restraints
The government's cap on carbon emissions is the main barrier to the market for exterior wall systems. The environmental pollution that is harming living things' health is on the rise in the modern world. In order to lower carbon emissions, the government has put in place some restrictions.
Carbon is released into the atmosphere as a result of the production of glass, aluminium, fibreglass, fibre cement, plasterboard, and PVC board. As a result, the market for exterior wall systems encounters some challenges obtaining raw materials.
Market Segmentation
By Type
- Ventilated (Pre-Installation and Post Installation)
- Non-Ventilated (Pre-Installation and Post Installation)
- Curtain Wall (Pre-Installation and Post Installation)
By Supporting Wall
- Concrete
- Masonry
- Wood
By Material
- Glass Panel
- Ceramic Tile
- Vinyl
- Metal Panel
- Brick & Stone
- Fiber Cement
- Gypsum/Plasterboard
- EIFS
- Wood
- Fiberglass Panel
- HPL
- GRC
- Others (Magnesium Oxide Boards and Cement Board)
By End Use Industry
- Residential
- Commercial
- Industrial
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 198 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $130210 Million |
| Forecasted Market Value (USD) by 2027 | $211569 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/pg7lr4-exterior?w=12
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