The global demand for Stucco Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Million Square Feet in 2020 and forecast to touch XX Million Square Feet by 2027 with a CAGR of XX% during 2021-2027.
Stucco, often known as render, is a building material made up of aggregates, a binder, and water. Stucco is applied as a liquid and hardens to a solid once dry. It is durable, long-lasting, and fireproof. Stucco can be used on both the inside and outside of a building. It is used in architecture as a decorative coating for walls, ceilings, external walls, and sculptural and aesthetic material. For aesthetic and structural purposes, it can be applied to various building materials, including metal, expanded metal lath, concrete, cinder block, clay brick, and adobe. It provides a smooth wall surface and may be personalized with a range of textures and colours by combining additives like adhesives, powdered colours, and liquid colors. Because stucco is porous and allows water to soak through, it does not hold up well in moist environments. Stucco is suitable for both hot and cold climates due to its low maintenance requirements and ability to withstand harmful UV rays.
The rising demand for stucco in residential and commercial infrastructures like buildings, roads, flats, and skyscrapers is a crucial driver driving market growth, owing to its numerous advantageous features such as hardness, finishing endurance, rot and fungal resistance, minimal maintenance, fire resistance, colour retention, and low cost. Aside from that, other attempts to increase infrastructure development, particularly in emerging markets, are also aiding market expansion. Furthermore, due to the growing working population and the trend toward modern workplaces, stuccos are gaining favour in commercial organizations due to their increased aesthetics. Demand for stucco is expected to rise as it is used as a decorative covering for walls and ceilings, external building cladding, and a sculptural and aesthetic element in architecture. Furthermore, rising disposable income levels, sustained economic growth, and an expansion in the number of residential and commercial constructions are helping to promote the global stucco sector. However, stucco is a porous material that does not perform well in rainy conditions. Other alternative materials like spray stone and stone veneer are available, consequently hindering the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of stucco. The growth and trends of Stucco Industry provide a holistic approach to this study.
This section of the stucco market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Other Bases (Gypsum Board, Cement Boards, Osb Board, And Plywood)
- Bonding Agent
- Other Materials (Building Paper And Fiber)
This section covers the regional outlook, which accentuates current and future demand for the Stucco market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Stucco Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the stucco market include Sika AG (Switzerland), Cemex (Mexico), BASF SE (Germany), Omega Products International (US), Dryvit Systems Inc. (US), The Quikrete Companies (US), Sto Group (Germany), E. I DuPont DE Nemours (US), California Stucco Products Corp. (US), and Western Blended Products (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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