Exterior Wall Systems Market to Reach $221.97 Bn, Globally, by 2030 at 5.6% CAGR: Allied Market Research

PORTLAND, Ore., Jan. 17, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Exterior Wall Systems Market by Material (Glass and Fiberglass, Metal, Ceramic, Cement and Others), End User (Residential, Commercial, and Industrial), and Type (Ventilated, Non-Ventilated, and Curtain Wall): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global exterior wall systems industry was estimated at $125.86 billion in 2020, and is anticipated to hit $221.97 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030.

Drivers, restraints, and opportunities-

Surge in construction activities across various regions such as Europe & Asia-Pacific and rise in demand for high appealing designs for buildings drive the growth of the global exterior wall systems market. On the other hand, high cost of production, initial capital investment, and escalating prices of raw materials restrain the growth to some extent. However, rise in construction of green buildings is anticipated to create lucrative opportunities in the industry.

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COVID-19 scenario-

• The outbreak of the pandemic led to either delays or postponements of construction activities across the world, which in turn impacted the global exterior wall systems market negatively, especially during the initial phase.
• However, as the global situation gets better, the market is projected to revive soon.

The glass and fiberglass segment to dominate by 2030-

Based on material, the glass and fiberglass segment accounted for more than two-fifths of the global exterior wall systems market share in 2020, and is anticipated to rule the roost by 2030. This is due to the benefits associated with composite materials such as high durability, chemical resistance, corrosion resistance, design flexibility, and high performance at elevated temperatures. The metal segment, however, would cite the fastest CAGR of 6.3% throughout the forecast period.

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The curtain wall segment to maintain the dominant share-

Based on type, the curtail wall segment held more than two-fifths of the global exterior wall systems market revenue in 2020, and is expected to lead the trail by 2030. This is again attributed to the benefits associated with curtain wall systems products such as aesthetic look, robust architecture solutions, and lightweight. The same segment would also manifest the fastest CAGR of 6.1% from 2020 to 2030.

Asia-Pacific, followed by Europe and North America, garnered the major share in 2020-

Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2020, generating nearly half of the global exterior wall systems market. At the same time, the market across LAMEA would grow at the fastest CAGR of 6.7% by 2030.

Key players in the industry-

• SCG
• Alcoa Corporation
• AGC Inc.
• Cornerstone Building Brands
• Louisiana Pacific Corporation
• Schweiter Technologies AG
• Nichiha Corporation
• Etex Group
• CRH
• CSR LTD.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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