Exterior Wall Systems Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Exterior Wall Systems Market
The exterior wall systems market size was valued at USD 237.53 billion in 2023, and the market is now projected to grow from USD 256.04 billion in 2024 to USD 466.57 billion by 2032, exhibiting a CAGR of 7.8% during the forecast period of 2024-2032.
The outbreak of the COVID-19 pandemic posed imposing obstacles to the growth of the exterior wall systems market growth. As endeavors to contain the spread of the virus took priority, elective surgeries, and non-life-threatening medical procedures were delayed, mirroring the effect on construction activities. Fair as controls on social removal stopped development, confinements on development and logistics disturbed the supply chains crucial to both restorative and development segments. Whereas economies slowly revived from 2021 onwards, the waiting impacts of these disturbances hinder the recovery of both industries.
The surge in construction activities globally is impelling the extension of the exterior wall systems market share. Comparable to the rise in wearable restorative gadgets driven by healthcare mindfulness, this growth is fueled by increasing ventures in industrial, commercial, and private projects. Activities such as India's remittance of 100% FDI in construction projects reflect the energy in foundation improvement, driving demand for outside divider frameworks. Furthermore, the preference for dry construction methods and the center on sustainability assist reinforcing the market's growth direction.
Besides, the integration of exterior wall systems into green buildings is balanced to drive market extension. Fair as progressed reimbursement approaches and advanced healthcare facilities lead to expanded determination and treatment, the adoption of energy-saving innovations in development offers striking benefits.
Comprehensive Analysis of Exterior Wall Systems Market
The exterior wall systems market grandstands strong segmentation over materials, sorts, and end-uses. Glass boards rule the fabric division, favored for their stylish offer and compliance with advancing vitality productivity controls. In the interim, the EIFS portion picks up force driven by private requests for warm thermal constraint covers, whereas ceramic tiles thrive for their usefulness and visual appeal. End-use division highlights non-residential applications as the prevailing constrain, impelled by foundation ventures and remote speculations, whereas the private portion flourishes on urbanization and the interest in energy-efficient lodging arrangements.
The Asia Pacific region rises as the frontrunner within the exterior wall systems market size of USD 98.60 billion in 2023 due to impelled by extensive construction ventures in dynamic economies. The region's administration stems from components such as burgeoning framework ventures, expanding lodging plans, and rising expendable salaries, cultivating significant market growth.
The top players within the exterior wall systems market are significant in driving development and meeting the heightening request for progressed divider arrangements. Companies such as Nippon Sheet Glass Co., Ltd, Saint-Gobain, and AGC Inc. lead the industry with a center on item innovation and ecologically friendly offerings. Key associations with crude fabric providers and development firms are necessary to extend worldwide nearness and support showcase dominance. Also, key players like Sika AG, PPG Industries, Inc., and LafargeHolcim are effectively locked in investigations and advancement to convey feasible divider arrangements, guaranteeing a competitive scene and cultivating industry growth.
In September 2023, PPG Industries, Inc. unveiled a breakthrough in maintainable wall coatings, presenting an unused line of eco-friendly outside paints defined to reduce environmental affect while keeping up tall performance standards.
Segmentation Table
Global Exterior Wall Systems Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.8% from 2024-2032
Historical Period 2024-2032
Unit Value (USD Billion)
Segmentation By Material, By Type, By End-User, and By Geography
By Material - Vinyl
- Ceramic Tiles
- Gypsum/Plasterboard
- Glass Panel
- EIFS
- Fiber Cement
- Wood Board
- HPL Board
- Fiberglass Panel
- Bricks & Stone
- Others
By Type
- Ventilated Façade
- Curtain Walls
- Non-ventilated Façade
By End-use - Residential
- Non-Residential
By Geography - North America (By Type, By Material, By End-use, By Country)
U.S. (By End-use)
Canada (By End-use)
- Europe (By Type, By Material, By End-use, By Country)
Germany (By End-use)
France (By End-use)
U.K. (By End-use)
Italy (By End-use)
Spain (By End-use)
Russia (By End-use)
Rest of Europe (By End-use)
- Asia Pacific (By Type, By Material, By End-use, By Country)
China (By End-use)
Japan (By End-use)
India (By End-use)
Southeast Asia (By End-use)
Rest of Asia Pacific (By End-use)
- Latin America (By Type, By Material, By End-use, By Country)
Brazil (By End-use)
Mexico (By End-use)
Rest of Latin America (By End-use)
- Middle East & Africa (By Type, By Material, By End-use, By Country)
GCC (By End-use)
Rest of Middle East & Africa (By End-use)