Exterior Sheathing Market Report and Forecast 2025-2034

The global exterior sheathing market reached a value of about USD 7.89 Billion in 2024. The market is further expected to grow at a CAGR of nearly 5.00% in the forecast period of 2025-2034 to reach a value of nearly USD 12.85 Billion by 2034.

The expansion in the urban infrastructures industry has resulted in increased construction activities, especially in developing economies like Africa and Asia because of the increasing population and major recession rebounds. As a consequence of this, exterior sheathing materials including wood fibres and foams, are being used for building in these regions because they are cost-effective and meet the energy code requirements. They also fulfil energy demands. In addition, it has had a direct influence upon building industry dynamics by introducing more productive construction technologies like automated manufacturing as well as installation processes.

Market Segmentation

In roofing, walls, and floor assemblies, external sheathing is added to provide an exterior protective layer and prevents wind and water from entering. There are two styles of outer sheathing, namely, structural and non-structural. Structural sheathing incorporates wall studs, provides shear resistance and stability, and forms a strong nailing foundation for facing materials. In comparison, non-structural sheathing is mounted on the exterior wall, also known as isolating sheathing, to provide extra insulation and protection to serve as a radiant shield. Presently, manufacturers mostly produce fibreglass gypsum sheathing, since these materials are non-combustible, economical, simple to use, and improve the efficiency of exterior walls through the use of air and water resistance and noise.

Market Breakup by Sheathing Type

• Structural Exterior Sheathing
• Non-Structural Exterior Sheathing

Market Breakup by Product Type

• OSB (Oriented-Strand Board)
• Plywood
• Particle Board
• Medium Density Fiberboard (MDF)
• Others

Market Breakup by Application

• Wall
• Roof
• Others

Market Breakup by End Use

• Commercial
• Industrial
• Institutional
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

External sheathing produces fewer carbon emissions than other construction materials. For example, wood products like plywood and oriented strand board (OSB) have a less environmental effect, since they are manufactured naturally and need less energy for production and processing. Due to the growing environmental issues, builders are increasingly shifting towards green construction materials to ensure sustainability, which in turn drives the exterior sheathing market growth. Since external sheathing materials like foams and wood fibre panels are inexpensive and meet the energy requirements of the regulation, they are commonly used both for commercial and residential purposes in the construction sector. These factors are impacting the growth of the market positively. In addition, over the next few years, the growth of automated production and deployment would have a further positive impact on the exterior sheathing market.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global exterior sheathing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Weyerhaeuser Company
• Georgia-Pacific
• Huber Engineered Woods LLC.
• National Gypsum
• Others

The comprehensive report provides an in-depth assessment of the exterior sheathing market based on the Porter's five forces model along with giving a SWOT analysis.