Exterior Wall Systems Global Market Report 2024

The concept of an exterior wall system is a fundamental aspect of building design and construction, serving as a protective layer around the masonry structure to shield it from environmental factors.

The primary types of exterior wall systems encompass ventilated facades, curtain walls, and non-ventilated facades. A ventilated facade involves constructing the facade with an air gap between the insulation and cladding. This system is designed to protect buildings from the combined effects of rain and wind by mitigating the impact of water on walls and ensuring the building remains dry. Various materials are used in exterior wall systems, including bricks and stone, metal panels, plasterboards, fibre cement, ceramic tiles, EIFS, glass panels, high-pressure laminate boards, fibreglass panels, wood boards, and others (such as vinyl exteriors). Exterior wall systems find applications in residential, commercial, and industrial settings.

The exterior wall systems market research report is one of a series of new reports that provides exterior wall systems market statistics, including exterior wall systems industry global market size, regional shares, competitors with exterior wall systems market share, detailed exterior wall systems market segments, market trends and opportunities, and any further data you may need to thrive in the exterior wall systems industry. This Exterior Wall Systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The exterior wall systems market size has grown rapidly in recent years. It will grow from $216.3 billion in 2023 to $239.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed in the historic period can be attributed to factors such as a construction boom, increased emphasis on sustainable building practices, urbanization coupled with population growth, and a surge in building renovation and retrofitting activities.

The exterior wall systems market size is expected to see strong growth in the next few years. It will grow to $341 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to trends such as an increased focus on energy-efficient retrofitting, the rise of urban density and vertical construction, efforts toward climate change adaptation, the demand for pandemic-resilient buildings, and the growing popularity of green building certification. Key trends in this period also include advancements in energy-efficient insulation, innovations in facade design and aesthetics, the adoption of digital building information modeling (BIM), the integration of smart wall systems, and the use of modular and prefabricated wall systems.

The growth of the exterior wall systems market is being fueled by the increasing demand for green buildings. The emphasis on green building practices and eco-friendly infrastructure aims to reduce carbon emissions, energy consumption, and water usage. In India, for instance, the demand for green buildings is projected to double by 2022, reaching nearly 10 billion square feet and valued at $35-50 billion, according to a report by ANAROCK, a real estate services company. This surge in demand for green buildings is expected to significantly contribute to the expansion of the exterior wall systems market.

The ongoing trend of urbanization is anticipated to drive further growth in the exterior wall systems market. Urbanization, characterized by the increasing growth and expansion of cities along with population migration from rural to urban areas, generates a robust demand for exterior wall systems. These systems play a crucial role in the construction, renovation, and maintenance of buildings in densely populated urban environments. As reported by the World Economic Forum in April 2022, over 4.3 billion people, accounting for 55% of the world's population, resided in urban settings, and this figure is expected to rise to 80% by 2050. The increasing urbanization globally is thus a key factor propelling the exterior wall systems market.

Product innovation is emerging as a significant trend in the exterior wall systems market, with companies introducing new and innovative products. For example, in March 2021, DuPont, a United States-based chemical company, launched the new DuPontTM Tedlar® polyvinyl fluoride (PVF) film specifically designed for laminating exterior wall and roofing panels. This reflects the industry's commitment to introducing advanced and efficient solutions, contributing to the overall development and growth of the exterior wall systems market.

Major companies in the exterior wall systems market are actively investing in the development of advanced and innovative solutions to cater to the evolving needs of the construction industry. This includes addressing requirements related to sustainability, energy efficiency, aesthetics, and safety. One example is Exceler Building Solutions, a US-based producer of exterior panel building systems, which secured $5 million through an Opportunity Zone Fund in May 2023. This fund is specifically designed to support the future of green building, as well as the ongoing operations and growth strategy of Exceler. With a target of raising a total of $20 million, the funds will be utilized to accelerate the development and commercialization of Exceler's next-generation sustainable exterior wall systems. This investment fund aligns with economic development goals, encouraging investment in distressed areas and offering tax benefits to investors, including the deferral of capital gains taxes on investments held for at least five years.

In October 2021, DuPont, a US-based chemicals company with a focus on exterior wall solutions, made a strategic acquisition by purchasing MaxLife Industries’ ArmorWall Business for an undisclosed amount. Through this acquisition, DuPont gained ownership of the ArmorWall brand, patented technology, and a manufacturing facility located in Salisbury, North Carolina. This move enhances DuPont's capabilities to address current and future design and productivity challenges, providing a robust portfolio of sustainable and resilient building solutions for both interior and exterior walls and technologies. MaxLife Industries, the US-based company acquired by DuPont, is known for offering high-performance building products, including exterior wall sheathing. This acquisition further solidifies DuPont's commitment to innovation and strengthens its position in the exterior wall systems market.

Major companies operating in the exterior wall systems market include Nippon Sheet Glass Co.Ltd., Saint-Gobain Gyproc India, Sika AG, Etex Group Co., Owens Corning, Evonik Industries AG, Holcim Group Co., USG Boral Corp., DuPont Inc., Fletcher Building Co., Egger Group, Toray Industries Inc., CSR Ltd., CRH PLC, Cornerstone Building Brands Co., Schweiter Technologies AG, AGC Inc., James Hardie Australia Pty Ltd., Alcoa Corporation, 3A Composites, Avient Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, Cornerstone Building Brands, The Dow Company, Boral Limited, Siam Cement Group, USG Corporation, Kingspan Group, Cembrit Holding A/S, Tata Steel Limited, ArcelorMittal Corp., Nippon Steel & Sumitomo Metal Corporation, BlueScope Steel Limited, Ruukki Construction Oy, Alubond U.S.A., Alstrong Enterprises India Pvt. Ltd., Aludecor Lamination Pvt. Ltd., Alumax Panel Inc., Alumil S.A.

Asia-Pacific was the largest region in the exterior wall systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the exterior wall systems market during the forecast period. The regions covered in the global exterior wall systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the Exterior Wall Systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The exterior wall systems market consists of sales of barrier walls, cavity walls and mass wall. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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