Overview and Scope
The stucco is used as a decorative coating for walls and ceilings, as well as exterior walls. It is a building material composed of aggregates, a binder, and water. Stucco is applied in a liquid state and solidifies to a solid once dry. It is tough, long lasting, and fireproof. It is utilized in architecture as a decorative coating for walls and ceilings, as external walls, and as a sculptural and aesthetic material.
Sizing and Forecast
The stucco market size has grown strongly in recent years. It will grow from <b>$12.61 billion in 2023 to $13.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. </b> The growth in the historic period can be attributed to aesthetic appeal, durability and weather resistance, energy efficiency, historic restoration, cost-effectiveness and fire resistance.
The stucco market size is expected to see strong growth in the next few years. It will grow to <b>$17.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. </b> The growth in the forecast period can be attributed to expanding construction and renovation activities, historical preservation, growing adoption in commercial and industrial applications, emerging markets and infrastructure development, emergence of new stucco products and technologies. Major trends in the forecast period include innovative textures and finishes, fiber reinforced stucco, customization and color trends, digital tools for design, fire-resistant stucco, .
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Segmentation & Regional Insights
The stucco market covered in this report is segmented –
1) By Type: Traditional, Insulated
2) By Base: Concrete, Masonry, Tile, Other Bases
3) By Material: Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, Other Materials
4) By Application: Residential, Non Residential
<b>Asia-Pacific</b> was the largest region in the stucco market share in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the market. The regions covered in the stucco market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rapid growth of smart buildings is expected to propel the growth of the stucco market going forward. A smart building is any structure that uses automated processes to automatically control the building’s operations, which include sensors, actuators, and microchips, to collect data and manage. Stucco technology is widely used in smart building construction because it is so durable, and it is relatively inexpensive. For instance, according to the US Department of Energy report, in October 2021 the US government invested $61 million in the development of smart buildings. This project includes ten connected communities containing more than 7,000 buildings with smart controls, sensors, and analytics to reduce energy use, cost, and emissions. Therefore, the rise of smart buildings and smart cities is driving the growth of the stucco market.
Key Industry Players
Major companies operating in the stucco market include <b> Sika AG, Cemex S.A.B. de C.V., BASF SE, Omega Products International, Dryvit Systems Inc., Quikrete Holdings Inc., Sto Group Inc., California Stucco Products Corp., Western Blended Products, DowDuPont de Nemours Inc., Senergy Pvt. Ltd., Simplex CC Ltd., James Hardie Industries PLC, USG Corporation, RPM International Inc., Boral Limited, Parex Inc., LaHabra Stucco, Master Wall Inc., Merlex Stucco Inc., Quikspray Inc., Conproco Corp., Western Stucco Products, Imasco Minerals Inc., California Stucco Products Corp., BMI Products of Northern California Inc., Pyramid Stucco Co., Sunrise Stucco Inc., Arcat Inc., Sherwin-Williams Company, Akzo Nobel NV </b>
The stucco market report table of contents includes:
1. Executive Summary
2. Stucco Market Characteristics
3. Stucco Market Trends And Strategies
4. Stucco Market – Macro Economic Scenario
5. Global Stucco Market Size and Growth
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26. South America Stucco Market
27. Brazil Stucco Market
28. Middle East Stucco Market
29. Africa Stucco Market
30. Stucco Market Competitive Landscape And Company Profiles
Top Major Players:
- Sika AG
- Cemex S.A.B. de C.V
- BASF SE
- Omega Products International
- Dryvit Systems Inc
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