Stucco Market Share, Size, Trends, Industry Analysis Report, By Product Type (Traditional Three-Coat, Newer One-Coat, and Exterior Insulating & Finish Systems); By Insulation Type; By End-User; By Region; Segment Forecast, 2024 – 2032
- Published Date:Jan-2024
- Pages: 116
- Format: PDF
- Report ID: PM4269
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
The global stucco market was valued at USD 11.65 billion in 2023 and is expected to grow at a CAGR of 4.3% during the forecast period.
The rapid increase in the number of construction activities in both residential and non-residential sectors such as highways, commercial buildings, skyscrapers, and apartments, among others that significantly increases demand for stucco due to its properties like low maintenance, rot resistance, better finishing durability, fire resistance, color retention, and hardness, are among the primary factors boosting market growth.
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Also, the significant increase in the rate of urbanization and industrialization particularly in emerging economies like India, China, & Indonesia, resulting in rising demand for various lifestyle-related products along with the growing proliferation for setting advanced infrastructure among people like smart shelves, will positively influence the market growth.
- For instance, according to the World Bank, worldwide over 56% of total population lives in urban areas that makes of 4.4 billion inhabitants, and the world’s urban population is likely to increase by 1.5 times to reach about 6 billion.
The Stucco Market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
However, as the stucco application is highly dependent on weather conditions, it cannot be applied in extremely cold or wet weather, that could limit the product demand in some regions and lead to delays and increased costs, which is the major restraints for the growth of the market.
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Industry Dynamics
Growth Drivers
- Rising awareness about the customer-friendly characteristics of stucco driving its market growth
The stucco is gaining immense population and traction in construction activities for commercial as well as residential sectors because of its wide range of beneficial characteristics that allow developers and projects owners to get beautiful final look with resemblance to the European-style buildings at very economical and affordable prices, acting as the major factors driving the demand and growth of the global market.
Apart from this, stucco systems can be designed with various effective moisture management features such as drainage systems and vapor barriers, that helps to prevent water intrusion and mold growth and could also provide visually appealing finish to buildings, that makes them a preferred option for both new construction and renovation projects.
Report Segmentation
The market is primarily segmented based on product type, insulation type, end-user, and region.
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By Product Type |
By Insulation Type |
By End-User |
By Region |
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By Product Type Analysis
- Traditional three-coat segment accounted for the noteworthy market share in 2023
The traditional three-coat segment accounted for largest market, which is mainly driven by its numerous advantageous features and characteristics even in wet conditions along with its ability to withstand various weather conditions including extreme heat, cold, and moisture, that makes it a popular choice for exterior applications.
The newer one coat segment is projected to exhibit significant growth rate over the next coming years, on account of its growing popularity among project developers and contractors, as it reduces installation time and labor costs as compared to traditional three-coat systems. Beside this, with the increasing emphasis on sustainable and eco-friendly construction practices all over the world, one-coat stucco is gaining huge traction and popularity as it meet green building standards set by regulatory standards.
By Insulation Type Analysis
- Non-insulated siding segment held the majority market share in 2023
The non-insulated siding segment held the majority market share in terms of revenue, which is largely attributable to cost-effectiveness compared to insulated alternatives such as exterior insulation and finish systems along with its widespread use in variety of surfaces such as wood, concrete, and masonry, that makes it’s a viable option for various types of construction projects.
The insulated segment also accounted for substantial market share and likely to gain significant growth rate during the study period, mainly due to its ability to provides an extra layer of insulation for building that lead to lower heating and cooling costs and its numerous other advantageous characteristics like noise reduction, effective moisture management, enhanced comfort, and higher energy efficiency, among others. In addition, several governments across the world are introducing incentives and rebates for energy-efficient building materials and practices that if further likely to drive the adoption and need of insulated stucco systems soon.
By End-User Analysis
- Non-residential segment is expected to witness highest growth
The non-residential segment is expected to grow at highest growth rate over the next coming years, owing to drastic economic growth resulting in increased demand for commercial and industrial construction and continuously growing architectural preferences and trends in non-residential construction. As, product is widely known for its durability and low maintenance requirements, various building owners and developers often choose stucco as a cost-effective, long-term solution, that reduces the need for frequent repairs and maintenance.
The residential segment held the maximum market revenue share in 2022, that is majorly driven by its extensive application in interior & exterior walls of the residential buildings and ability of stucco to add attractive and cohesive appearance to the overall landscape while preventing erosion and degradation of the wall. With the surge in number of people shifting to already crowded cities in search of a better life and changes in people lifestyle, the need for new residential buildings to meet requirements of this growing population in cities is rapidly increasing, which in turn, will likely to propel the segment market over the coming years.
Regional Insights
- North America region dominated the global market in 2023
The North America region dominated the global market, mainly accelerated by higher proliferation for energy-efficient buildings and rapid emergence of sustainable construction practices and green buildings across the region. Apart from this, availability of favorable climate and weather patterns for stucco and robust presence of some of the leading product manufacturers and suppliers, is also likely to propel region’s market growth.
Asia Pacific will grow at rapid pace, owing to growth in the number of construction activities across various emerging markets and substantial increase in the income of middle-class population that allow them to spend higher on house development and renovation projects, that often requires stucco as an important material in such activities.
Key Market Players & Competitive Insights
The stucco market is moderately consolidated in nature with the presence of several large global market players. The leading market players are significantly focusing on various business development strategies including ensuring their quality control, maintaining product standards, and strengthening supply chain management systems.
Some of the major players operating in the global market include:
- Arcant Inc.
- BASF SE
- California Stucco Products Corporation
- CertainTeed Corporation
- Dow Inc.
- DuPont de Nemours Inc.
- Fosroc International Ltd.
- GCP Applied Technologies Inc.
- General Electric
- Heidelberg
- Integrated Stucco Inc.
- Merlex Stucco
- Omega Products International
- Parex USA Inc.
- Sika AG
Recent Developments
- In October 2022, Cosentino Group, introduced Kraftizen, a new collection of ultracompact surface Dekton. It allows designers & architects to efficiently explore stucco-inspired design through the lens of durable Dekton materials.
- In March 2022, Techno Paints, introduced its new lime-based traditional Italian finishes in India, that will be used for heritage structures. The company is also planning to sell lime plasters, venetian plasters, & metallic stucco finishes.
Stucco Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 12.13 billion |
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Revenue forecast in 2032 |
USD 17.04 billion |
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CAGR |
4.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Product Type, By Insulation Type, By End-User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
The Stucco Market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
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FAQ's
The global stucco market size is expected to reach USD 17.04 billion by 2032
Key players in the market are DuPont de Nemours, Integrated Stucco, Omega Products International, Arcant Inc
North America contribute notably towards the global stucco market
The global stucco market is expected to grow at a CAGR of 4.3% during the forecast period.
The stucco market report covering key segments are product type, insulation type, end-user, and region.
