Exterior Wall Systems Market was valued at USD 139.6 billion in 2021 and is projected to reach USD 199.3 billion by 2026, growing at 7.4% cagr from 2021 to 2026. The market is expected to witness significant growth in the future due to the increasing consumption of exterior wall systems in the residential, commercial and industrial sector as construction activities grow. Moreover, government spendings on infrastructure development have propelled the consumption of exterior wall systems.
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In 2020, the exterior wall systems market was largely impacted by the COVID-19 pandemic with a substantial decline in its CAGR. Though a recovery is expected owing to the impact of the construction sector on the economy. Although the activity might continue, delays and halts are expected owing to supply chain disruptions, shortage of labours and materials. Construction workers may be unable to reach construction sites and will need to adhere to new on-site protocols that will reduce productivity. Some building-materials supply chains have also been interrupted, suspending production and distribution.
The growth of the construction industry is the major driver of the exterior wall systems market. The construction industry's growth plays a significant role in determining the economic development of a country. The increase in the number of construction activities around the world will drive the exterior wall systems market. The rapid industrial growth has given rise to new commercial, non-commercial, and residential buildings. The construction of factories, manufacturing plants, stadiums, shopping centers, office buildings, hotels, public facilities (including government buildings), public transportation buildings, and other government projects has increased rapidly. This will have a direct impact on the need for sustainable decorative building construction solutions in these structures, due to which an increase in the demand for exterior wall systems is projected.
Environmental protection has been an important concern for many regions, along with possible serious legal implications, in recent years. The environmental pollution, from glass, aluminum, fiberglass, fiber cement, plasterboard, magnesium-oxide board, and PVC board manufacturers, and the chemical industry, has been a cause for concern. These industries provide raw materials for exterior wall systems. This has led to the adherence to stringent emission regulations by the stakeholders in the exterior wall systems market.
Green buildings are defined as structures that are environmentally responsible and resource-efficient throughout their lifecycle. These buildings provide various benefits, such as energy efficiency, sustainability, efficient use of resources, environment protection, and higher resale value. Properties of glass such as recyclability, ability to absorb radiations, and energy-saving make it an excellent option to be used as a green building material. The increase in demand for green will highly influence the growth of the exterior wall systems market. Green buildings are already trendy in the US and countries of Europe. They are penetrating Asia, the Middle East, and Latin America. Architects have also demanded high transparency of glass to allow more light in while maintaining heat resistance.
Regular maintenance of many exterior wall systems, such as cladding, curtain wall, and aluminum composite panel, is required to maintain water tightness and increase longevity. Proper cleaning is also essential to remove the accumulation of dust and prevent any organic growth. It also helps in maintaining the appearance of the building. However, if it is broken or dented, it becomes challenging to repair the damaged part. Esthetic qualities of the cladding reduce. Hence, the cost and time associated with repairing could be a major challenge faced by the exterior wall systems.
Based on type, (for both pre installation or post installation) curtain wall is projected to be the largest segment in the exterior wall systems market. Curtain wall systems are made from a lightweight material, thereby reducing construction costs. The curtain wall façade does not carry any structural load from the building other than its own dead load weight. The primary purpose of a curtain wall system is to protect the building interior against the exterior natural phenomena such as sun exposure, temperature changes, earthquake, rain, and wind.
By End-use industry, the commercial sector is projected to be the largest segment in the exterior wall systems market. The growth of this segment is mainly attributed to the high demand for exterior wall systems due to increasing standardization in architecture, along with durability, safety, and greater aesthetic appeal of the facade systems. The biggest advantage of exterior wall systems is that it comes in various materials and styles, which makes it possible for people to choose a material which complements the whole building/house.
By Material, glass panel is projected to be the largest segment in the exterior wall systems market. Construction glass has excellent weatherproof properties as well as features such as transparency, u-value, strength, greenhouse effect, workability, recyclable, solar heat gain co-efficiency, energy efficiency, and acoustic control which provide increased durability and outlook to the building’s facade structure. It provides various benefits such as luminosity, gives amplitude to space, gives better separation ideas, allows to combine different styles and transits a sense of modernity.
Based on supporting wall, the concrete is projected to be the largest segment in the exterior wall systems market. The growth of this segment is mainly attributed to the high demand for exterior wall systems as concrete walls are load bearing walls. The high thermal mass of tightly sealed concrete walls, along with insulation, prevents drafting and creates an airtight, high-performing, energy-efficient home. Concrete walls do not rot or rust when exposed to moisture, resist termites unlike wood, do not dent, resist fire damage, and reduce the transmission of unwanted noise.
The APAC region accounted for the largest market share in 2020. The demand for exterior wall systems in APAC is mainly driven by China, India, and ASEAN countries, which are experiencing substantial growth in the construction industries. The growth of these industries is backed by the increasing public and private sector investments, increasing population, growing economy, and high disposable income.
The exterior wall systems market is dominated by a few globally established players, such as Etex Group (Belgium), SCG (Thailand), Alcoa Corporation (US), 3A Composites(Switzerland), Avient Corporation (US), Louisiana-Pacific Corporation (US), Nichiha Corporation (Japan), CSR Limited (Australia), CRH (Ireland), Cornerstone Building Brands (US), amongst others.
Market size available for years
Value (USD Billion) and Volume (Million Square Meter)
Type, End-use Industry, Supporting Wall, Material and Region
North America, APAC, Europe, Middle East & Africa, and South America
Etex Group (Belgium), SCG (Thailand), Alcoa Corporation (US), 3A Composites(Switzerland), Avient Corporation (US), Louisiana-Pacific Corporation (US), Nichiha Corporation (Japan), CSR Limited (Australia), CRH (Ireland), Cornerstone Building Brands (US) 20 manufacturers and 5 suppliers are covered in the exterior wall systems market.
This research report categorizes the exterior wall systems market based on type, end-use industry, and region.
New & Improved Representation of Financial Information
What is the current size of global exterior wall systems market?
The global exterior wall systems market size is projected to grow from USD 139.6 billion in 2021 to USD 199.3 billion by 2026, at a CAGR of 7.4% from 2021 to 2026.
How is the exterior wall systems market aligned?
The exterior wall systems market is highly fragmented, and have number of manufacturer operating at the regional, and domestic level. The market will continue to be fragmented and this fragmentation will increase over the forecast period.
Who are the key players in the global exterior wall systems market?
The key players operating in the exterior wall systems market are Etex Group (Belgium), SCG (Thailand), Alcoa Corporation (US), 3A Composites(Switzerland), Avient Corporation (US), Louisiana-Pacific Corporation (US), Nichiha Corporation (Japan), CSR Limited (Australia), CRH (Ireland), Cornerstone Building Brands (US), amongst others.
What are the latest ongoing trends in the exterior wall systems market?
The latest ongoing trends in the exterior wall systems market are use of green and sustainable products to make eco friendly homes. Structural insulated panels and insulated concrete blocks are among the green trends for constructing exterior walls for home. .
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1 INTRODUCTION (Page No. - 47) 1.1 OBJECTIVES OF THE STUDY 1.2 MARKET DEFINITION 1.3 INCLUSION AND EXCLUSION TABLE 1 INCLUSION AND EXCLUSION 1.4 MARKET SCOPE FIGURE 1 EXTERIOR WALL SYSTEMS MARKET SEGMENTATION 1.4.1 YEARS CONSIDERED 1.4.2 REGIONAL SCOPE FIGURE 2 EXTERIOR WALL SYSTEMS MARKET, BY REGION 1.5 CURRENCY CONSIDERED 1.6 UNIT CONSIDERED 1.7 STAKEHOLDERS 1.8 LIMITATIONS 1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 53) 2.1 RESEARCH DATA FIGURE 3 EXTERIOR WALL SYSTEMS MARKET: RESEARCH DESIGN 2.2 MARKET SIZE ESTIMATION FIGURE 4 BOTTOM-UP APPROACH FIGURE 5 TOP-DOWN APPROACH FIGURE 6 SUPPLY-SIDE ANALYSIS 2.3 DATA TRIANGULATION FIGURE 7 EXTERIOR WALL SYSTEMS MARKET: DATA TRIANGULATION 2.3.1 SECONDARY DATA 2.3.2 PRIMARY DATA FIGURE 8 KEY MARKET INSIGHTS FIGURE 9 LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 2.4.1 ASSUMPTIONS 2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 60) FIGURE 10 CURTAIN WALL (PRE-INSTALLATION) TO DOMINATE EXTERIOR WALL SYSTEMS MARKET BY 2026 FIGURE 11 CURTAIN WALL (POST-INSTALLATION) TO DOMINATE EXTERIOR WALL SYSTEMS MARKET BY 2026 FIGURE 12 GLASS PANEL TO DOMINATE EXTERIOR WALL SYSTEMS MARKET BY 2026 FIGURE 13 WOOD TO DOMINATE EXTERIOR WALL SYSTEMS MARKET BY 2026 FIGURE 14 COMMERCIAL TO BE LARGEST SEGMENT IN EXTERIOR WALL SYSTEMS MARKET DURING FORECAST PERIOD FIGURE 15 APAC LED EXTERIOR WALL SYSTEMS MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 65) 4.1 EMERGING ECONOMIES TO WITNESS A RELATIVELY HIGHER DEMAND FOR EXTERIOR WALL SYSTEMS FIGURE 16 EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES IN EXTERIOR WALL SYSTEMS MARKET DURING FORECAST PERIOD 4.2 APAC: EXTERIOR WALL SYSTEMS MARKET, BY END-USE INDUSTRY AND COUNTRY FIGURE 17 CHINA WAS LARGEST MARKET FOR EXTERIOR WALL SYSTEMS IN APAC IN 2020 4.3 EXTERIOR WALL SYSTEMS MARKET, BY PRE-INSTALLATION TYPE FIGURE 18 CURTAIN WALL TO LEAD EXTERIOR WALL SYSTEMS MARKET DURING FORECAST PERIOD 4.4 EXTERIOR WALL SYSTEMS MARKET, BY POST-INSTALLATION TYPE FIGURE 19 CURTAIN WALL TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 4.5 EXTERIOR WALL SYSTEMS MARKET, BY END-USE INDUSTRY FIGURE 20 COMMERCIAL TO BE THE LARGEST END-USE INDUSTRY FOR EXTERIOR WALL SYSTEMS MARKET BY 2026 4.6 EXTERIOR WALL SYSTEMS MARKET, BY MATERIAL FIGURE 21 GLASS PANEL TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 4.7 EXTERIOR WALL SYSTEMS MARKET, BY SUPPORTING WALL FIGURE 22 WOOD TO REGISTER HIGHEST CAGR IN EXTERIOR WALL SYSTEMS MARKET DURING FORECAST PERIOD 4.8 EXTERIOR WALL SYSTEMS MARKET, BY COUNTRY FIGURE 23 CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026