The Stucco Global Market Report 2023, provides comprehensive information on the stucco market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Stucco Global Market Report 2023, the global stucco market size grew from $11.96 billion in 2022 to $12.79 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global stucco market is expected to grow to $15.89 billion in 2027 at a CAGR of 5.6%.
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The use of mortar spraying machines is a key trend gaining popularity in the stucco market. Major companies operating in the stucco sector are focused on developing new technological solutions such as stucco spraying machines to strengthen their position. For instance, in 2020, Hunan Gaohua New Materials Technology Co. Ltd., a China-based company that manufactures construction equipment and stucco sprayers, launched its new product, stucco tool mortar cement plastering machine model GH. It is a lightweight machine with a high spraying capacity. The company launched this machine with four modes with a production capacity of 10,000/year. By using this, an even coat of stucco can be applied all over the walls, and can easily do the stuccowork in less time and with a smaller workforce.
The stucco market 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
Asia-Pacific was the largest region in the stucco market in 2022.
The table of contents in TBRC’s stucco market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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