Exterior Wall Systems Market Set to Reach $199.3 Billion by 2026| MarketsandMarkets™

January 25 18:38 2024
Exterior Wall Systems Market Set to Reach $199.3 Billion by 2026| MarketsandMarkets™
Browse 413 market data Tables and 60 Figures spread through 318 Pages and in-depth TOC on “Exterior Wall Systems Market”
Exterior Wall Systems Market by Material Type (Ventilated, Non-Ventilated and Curtain Wall), Supporting Wall (Concrete, Wood and Masonry) End-use Industry (Commercial, Residential and Industrial), and Region – Global Forecast to 2026

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 Compound Annual Growth Rate (CAGR) of 7.4% during the forecast year. According to RICS (Royal Institutions of Chartered Surveyors), “The external wall system is made up of the outside wall of a residential building, including cladding, insulation, fire break systems, etc.

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The National Renewable Energy Laboratory (NREL) defines the exterior wall as “The solid portion that forms the sides of the building envelope, including opaque walls, doors, and fenestration areas. Walls form the portion of the building envelope that is not the roof or floor. They are usually near vertical surfaces, but this is not a requirement.

The exterior wall systems market has thousands of companies which thrive in their domestic market. A few of the major players 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), among others. These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, agreements, partnerships & joint ventures, and new product developments, to increase their market shares and enhance their product portfolios.

Acquisitions and joint ventures accounted for the largest share of all the strategic developments that took place in the exterior wall systems market between 2016 and 2020. Key players such as Etex Group, SCG, Alcoa Corporation, 3A Composites, Avient Corporation, adopted these strategy to enhance their business, market presence, to develop new products and meet consumer demand.

Etex Group is an international building materials specialist working through Etex Building Performance, Etex Roofing, Etex Facade, Etex Industry, and other segments. The company develops and produces a variety of technically and esthetically superior building materials, ranging from cladding and building boards in fiber cement and plaster to roofing materials, high-performance insulation, fire protection systems, and ceramic floor & wall tiles. It offers fire protection solutions, plasterboard products, and fiber cement products through Etex building performance, thermal insulation, and acoustic insulation through Etex Facade, corrugated sheets, and roofing materials through Etex roofing. It operates across 42 countries in the world through its more than 90 subsidiaries, and 113 factories worldwide. The company has 21 factories in America, 76 factories in Europe, 10 factories in Africa, and six factories in Asia.

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The Siam Cement Group Public Company Limited (SCG) is one of the largest cement and building material companies in Thailand and Southeast Asia. The company’s segments include Cement-Building Materials, Chemicals, and Packaging. Through its Cement-Building Materials segment, the company offers cement, tiles, vinyl, roof & accessories, boards, wood substitutes, thermal insulations, acoustic insulations, and blocks. It has committed to conduct business in line with good corporate governance and sustainable development. The company mainly operates in Thailand. Other than this, it operates in Indonesia, Vietnam, Cambodia, and the Philippines.

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