Selbyville, Delaware, May 26, 2021 (GLOBE NEWSWIRE) –
Global Market Insights Inc. recently added a new report on Exterior Wall Systems Market that estimated the Exterior Wall Systems market valuation will exceed $ 390 Billion by 2027. Increasing spending on housing / commercial infrastructure will drive industry growth.
The market for non-ventilated exterior wall systems will have a CAGR of around 7.5%. The rich aesthetics of these systems will have an opportunistic line for product demand in this segment in the years to come. The non-ventilated, vapor-tight system, with the advantage of a leaner design, high quality insulation and noise attenuation property, will see robust growth in commercial and industrial infrastructure applications through 2027. In addition, the need to improve the energy efficiency of buildings will increase. Product demand for cladding applications in the industry will also increase over the forecast period.
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Vinyl material has a market share of over 20% of the market volume for exterior wall systems and is continuously gaining attention worldwide due to its numerous advantages. These systems offer advanced aesthetic value, better weathering and non-fading properties. The improved resistance to peeling, rotting, blistering, chipping, cracking, flaking, corrosion and excessive fading makes them best for exterior wall applications. In addition, their enormous availability in numerous designs and patterns will create significant growth potential in the industry landscape.
The application of the exterior wall system industry in industrial buildings is expected to have a CAGR of 7.7% from 2021 to 2027. The growth of the segment is associated with increasing industrial construction and infrastructure projects in the emerging markets. In addition, the influx of FDI into developing countries coupled with standardization in the construction industry will drive the growth of the market for exterior wall systems in this sector. For example, the EU is actively implementing measures to strengthen economic ties with developing countries, particularly in Africa, where infrastructure needs are high.
The North American market for exterior wall systems is expected to hold a share of around 30% through 2027. The rising per capita income and the quality of life in the region enable citizens to make fair spending on their housing infrastructure. This is because apartment developers across the region are looking for growth in the suburban and secondary markets. As the number of nuclear families grows, developers repeatedly build homes, apartments, and society, which in turn limits their ability to provide the best of furnished facilities with minimal constraints.
Developing innovative and sustainable materials can encourage customers (especially in the US) to rebuild / renovate buildings. These regions are very adaptable to the latest technologies such as electrochromic glazing, the light transmission properties of which change when voltage, light or heat is applied, and therefore are expected to achieve higher product penetration rates in the commercial and residential sectors, which has a positive impact on market growth.
Some Key Findings Of The Exterior Wall Systems Market Report Are:
- Increasing per capita spending on residential infrastructures will positively promote revenue generation.
- Favorable government regulations and programs to support the construction of green buildings will fuel the growth of the exterior wall systems industry.
- Government investments and initiatives to promote the growth of infrastructure and real estate projects will have a positive impact on product penetration.
- Major market players for exterior wall systems include Saint-Gobain SA, The Dow Company, the Sika Group, LafargeHolcim Ltd., the SIKA Group, Boral Limited and Owens Corning.
- The major strategies used by the major manufacturers to strengthen their competitive advantage in the marketplace include geographic expansion, product innovation, partnerships, mergers and joint ventures.
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Sub-chapter of the table of contents of the report (TOC):
Chapter 2 Summary
2.1 Market for External Wall Systems 360 ° Synopsis, 2017-2027
2.1.1 Business development
2.1.2 Type trends
2.1.3 Material trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Insights into the Exterior Wall System Industry
3.1 Industry segmentation
3.2 Analysis of the industrial ecosystem
3.2.1 Profit Margin
3.2.2 Value creation
3.2.3 Sales channel analysis
3.2.4 Disruptions in the value chain due to COVID-19
3.2.5 Supplier matrix
3.2.5.1 List of the most important raw material suppliers
3.2.5.2 List of the most important manufacturers / dealers
3.2.5.3 List of key / potential customers
3.3 Innovation & Sustainability
3.3.1 Patent analysis
3.3.2 Future trends
3.4 Influences of industry
3.4.1 Growth drivers
3.4.2 Pitfalls and challenges in the industry
3.5 Regulatory Trends
3.5.1 US
3.5.2 Europe
3.5.3 Asia-Pacific
3.6 Analysis of the growth potential
3.7 Regional price developments (including COVID-19 impacts)
3.7.1 Cost structure analysis
3.7.1.1 R&D costs
3.7.1.2 Manufacturing and equipment costs
3.7.1.3 Raw application costs
3.7.1.4 Distribution costs
3.7.1.5 Operating costs
3.7.1.6 Other costs
3.8 Competitive Landscape, 2020
3.8.1 Company’s market share analysis, 2020
3.8.2 Strategic dashboard
3.9 Porter’s analysis
3.9.1 Supplier power
3.9.2 Purchasing power
3.9.3 Threat from newcomers
3.9.4 Industry rivalry
3.9.5 Threat from substitutes
3.10 PESTEL analysis
About global market insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting service provider. Offering syndicated and custom research reports and growth advice. Our business intelligence and industry research reports provide clients with deep insights and actionable market data specifically designed and presented for strategic decision-making. These comprehensive reports are based on a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.
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