The global Stucco market was valued at $10.7 billion in 2018, and is projected to reach $15.3 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026. Stucco, also called as render or plaster, is a material used in construction activities that is made of sand, cement, lime, and water. Stucco provides advantages such as high strength, prolonged durability, and ability to combat moisture. Another key advantage of using stucco is that it requires less maintenance, thus acting as an ideal option in the construction industry.
Development of the construction industry in the emerging countries such as India and China is boosting demand for stucco. Stucco is used as a decorative coating for walls and ceilings, and as a sculptural and artistic material in architecture. Hence, with growing construction activities, the demand for stucco is expected to increase. However, strong competition among manufacturers and fluctuation in prices of raw materials are the factors that are expected to restrain the growth of the global. On the contrary, factors such as increase in investment in new technologies for stucco preparing machinery and rise in construction activities to cater to the need of growing population are expected to offer lucrative opportunities for market expansion.
The global stucco market is segmented into construction activity, product, insulation type, end use, and region. Depending on construction activity, the market is classified into new and renovation construction. By product, it is segregated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco. As per insulation type, it is fragmented into insulated siding and non-insulated siding. According to end use, it is bifurcated into residential and nonresidential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operation in the global stucco market include BASF SE, RPM International Inc., Sika AG, Fosroc International Ltd., Mapei S.p.A., GCP Applied Technologies Inc., General Electric (GE), CEMEX S.A.B. de C.V., and Heidelberg. These companies have adopted various strategies such as product launch, R&D, acquisition, merger, product development, and partnership to gain a competitive edge in the market. For instance, Mapei planned for expansion of its facilities in the UAE. This business expansion helped Mapei to reinforce its presence in the Middle East market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Construction Activity
By Product
By Insulation Type
By End-Use
By Region
Key Players
Development of the construction industry in the emerging countries such as India and China is boosting demand for stucco. Stucco is used as a decorative coating for walls and ceilings, and as a sculptural and artistic material in architecture. Hence, with growing construction activities, the demand for stucco is expected to increase. However, strong competition among manufacturers and fluctuation in prices of raw materials are the factors that are expected to restrain the growth of the global. On the contrary, factors such as increase in investment in new technologies for stucco preparing machinery and rise in construction activities to cater to the need of growing population are expected to offer lucrative opportunities for market expansion.
The global stucco market is segmented into construction activity, product, insulation type, end use, and region. Depending on construction activity, the market is classified into new and renovation construction. By product, it is segregated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco. As per insulation type, it is fragmented into insulated siding and non-insulated siding. According to end use, it is bifurcated into residential and nonresidential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operation in the global stucco market include BASF SE, RPM International Inc., Sika AG, Fosroc International Ltd., Mapei S.p.A., GCP Applied Technologies Inc., General Electric (GE), CEMEX S.A.B. de C.V., and Heidelberg. These companies have adopted various strategies such as product launch, R&D, acquisition, merger, product development, and partnership to gain a competitive edge in the market. For instance, Mapei planned for expansion of its facilities in the UAE. This business expansion helped Mapei to reinforce its presence in the Middle East market.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current stucco market trends and future scenario of the Stucco market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution in the stucco market analysis at the regional and country-level market.
- The key drivers, restraints, and stucco market opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Construction Activity
- New
- Renovation
By Product
- Traditional Three-coat Stucco
- Exterior insulating & Finish Systems
- Newer-one Coat Stucco
By Insulation Type
- Insulated Siding
- Non-insulated Siding
By End-Use
- Residential
- Nonresidential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players
- BASF SE
- RPM International Inc.
- Sika AG
- Fosroc International Ltd.
- Mapei S.p.A.
- GCP Applied Technologies Inc.
- General Electric (GE)
- CEMEX S.A.B. de C.V.
- Heidelberg
- The Dow Chemical Company
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: STUCCO MARKET, BY CONSTRUCTION ACTIVITY
CHAPTER 5: STUCCO MARKET, BY PRODUCT
CHAPTER 6: STUCCO MARKET, BY INSULATION TYPE
CHAPTER 7: STUCCO MARKET, BY END USE
CHAPTER 8: STUCCO MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
Executive Summary
According to the report titled 'Stucco by Construction Activity, Product, Insulation Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global stucco market was valued at $10.7 billion in 2018, and is projected to reach $15.3 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026.Increase in use of stucco in the construction sector is expected to be the key driving factor of the global stucco market. Many challenges among makers arise in the costs of crude materials used to make stucco, which hampers the market growth. On the contrary, factors such as increase in investment in new technologies for stucco preparing machinery and rise in construction activities are expected to offer growth opportunities to the global stucco market.
The global stucco market is segmented into construction activity, product, insulation type, end use, and region. Depending on construction activity, the market is classified into new and renovation construction. The new segment was the highest contributor to the market and is estimated to grow with a CAGR of 4.3% during the forecast period. The renovation segment is estimated to be the fastest growing segment and is expected to grow with a CAGR of 4.8%.
By product, it is segregated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco. The exterior insulating & finish systems segment is the highest contributor and is predicted to grow at a CAGR of 6.0%. The traditional three-coat stucco and exterior insulating & finish systems segments collectively accounted for around 78.8% market share in 2018, with the former constituting around 53.8% share.
As per insulation type, the market is fragmented into insulated siding and non-insulated siding. The insulated siding segment was the dominant position in the stucco market size and is estimated to grow at a CAGR of 4.1% during the forecast period. The non-insulated siding segment is estimated to be the fastest growing segment, accelerating with a CAGR of 5.4%.
According to end use, the market is bifurcated into residential and non-residential. The residential segment was the highest contributor to the market and the non-residential segment is estimated to be the fastest growing segment, growing at a CAGR of 6.1%.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor and is growing with a CAGR of 5.3%. India is estimated to be the fastest growing country in Asia-Pacific stucco market. India is growing with a significant CAGR of 7.1% owing to industrial growth for infrastructure segment promoting growth and functionality of stucco.
The key players operation in the global stucco market include BASF SE, RPM International Inc., Sika AG, Fosroc International Ltd., Mapei S.p.A., GCP Applied Technologies Inc., General Electric (GE), CEMEX S.A.B. de C.V., and Heidelberg. These companies have adopted various strategies such as product launch, R&D, acquisition, merger, product development, and partnership to gain a competitive edge in the market. In an instance, Sika opened a new manufacturing site for mortars in Kryoneri, near Athens. Complementary to Sika's existing concrete admixture plant in Thessaloniki, northern Greece, the state-of-the-art manufacturing plant will drive forward the mortar business in the country by broadening the current product portfolio and opening up new market segments.
KEY FINDINGS OF THE STUDY
• In 2018, the Asia-Pacific market held a share of over 42.19% in the global stucco market.
• The U.S. and Canada collectively accounted for around 87.2% share in North America in 2018.
• The traditional three-coat stucco and exterior insulating & finish systems segments collectively accounted for around 78.8% market share in 2018.
• The non-insulated siding segment is expected to grow with the highest CAGR during the forecast period.
• The qualitative data in the report aims on the stucco trends, dynamics, and developments in the stucco industry while the quantitative data provides information about the market share and market size in terms of revenue and volume.
Companies Mentioned
- BASF SE
- RPM International Inc.
- Sika AG
- Fosroc International Ltd.
- Mapei S.p.A.
- GCP Applied Technologies Inc.
- General Electric (GE)
- CEMEX S.A.B. de C.V.
- Heidelberg
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 256 |
| Published | February 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 10.7 billion |
| Forecasted Market Value ( USD | $ 15.3 billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
