The exterior wall system market is one of the main pillars of the construction industry. At present consumers mostly prefer the exterior glass wall for both the commercial or residential spaces construction. The global exterior wall system market size can be visibly grown from USD 139.6 billion in 2021 to USD 1,39,563.20 million by 2030. We can clearly get to know the CAGR of 7.50% from 2022-2030.
We can expect drastic growth in the future, due to the increase in the usage of the exterior wall systems in the residential, commercial and industrial sectors. Moreover, as many country governments are involved in developing their infrastructure development which is increased the exterior wall system market share.
This market is being preferred by the young generation to safeguard their environment. By using these products you can use the dry construction method in addition to that it is less pollution causing materials. So this trend created a demand for the dry construction method
COVID- 19 Analysis
The pandemic cause a great impact on the exterior wall system market share in 2020. Even the global market share also faced large scale lose because of the pandemic issue and even the reduction of the CAGR growth. In the pandemic period, there was a shortage of material, labour, sales and even many more. There were many restrictions because of the pandemic spread, many interruptions like labour shortage, product distribution, reduced productivity, shortage of materials like brick, stone, metal panels, fibre glasses etc.
Due to the pandemic break out many governments had severe norms to maintain social distance. It is predicted that in the future there is a high chance of getting growth in the upcoming years.
Day by day there is a drastic change and the growth in the exterior wall system market because of the people's interest in the exterior wall systems. We could assure you that the construction companies growth is the main reason for the economic growth of the country. At present people are interested in dry material constructions. We could easily get to know that this exterior wall system market plays the main role in the construction of the factories, manufacture plants, shopping centres, office buildings, hotels and even in the government buildings. Only because of these constructions over the countries the exterior wall system market has reached its market to its peak.
The main restraint that affects the exterior wall system market is the government restriction on carbon emissions. In present days we could face the environmental pollution is increasing and causing many health issues to the living beings. So the government has implemented some restrictions to reduce carbon emissions. As the pollution from the production of the glass, aluminium, fibreglass, fibre cement, plasterboard, and the PVC board production companies emit the carbon. Due to this, the exterior wall system market face some restraints in getting the raw materials.
The main reason for the exterior wall system market is the increase in demand for green buildings. People nowadays have the responsibility to keep their surroundings clean and want to stay eco–friendly. So they wish to have green buildings which are environmentally friendly and resource-efficient throughout the lifecycle.
Benefits of having a green building
We could see the growing exterior wall system market trends as building green building in the growing places like US, countries of Europe, Asia, The Middle East and Latin America.
The main and regular maintenance cost is one of the challenges faced by the exterior wall system. It is mandatory to maintain the cladding, the curtain wall, the aluminium composite panel is required to keep them with the water tightness to increase the longevity. Regular cleaning of the materials is also needed to prevent dust and organic growth. In the present day, the one challenge faced by the exterior wall system market trends is the pandemic breakout, as this caused the shortage of labour and the shortage of materials for the construction. So this leads to lower the exterior wall system market value.
After the pandemic issue, the market slightly got down, but once the government reduces some restrictions the market's demand got higher. As this is eco - friendly so people's preference is high when compared to other materials for the construction. Many people are interested in building green buildings in recent times this also brought the demand for the exterior wall system market value. It is visually proven that the exterior wall system market is preferred in many regions like the Asia Pacific, Europe, and American region. It is assured that in later days we could see the tremendous growth of the exterior wall system market.
In recent times the exterior wall system market value has tremendous growth because of the people who are interested to make the environment with less pollution. This brought a trend of building with eco-friendly products which can be reusable and save energy. It is clear that the exterior wall system market has gained the attention of the people. So that they could use the products that will safeguard their environment.
In 2020 as everyone know about the outbreak of the pandemic, there was the market fell a little bit. But gradually it retained its position once the lockdown got over. After this, the demand for the exterior wall system market reached its position to its peak.
Market segment overview
Competitive landscape value
There are many competitors in the field of the exterior wall system industry. So the competitors are playing a great role by enhancing their business tricks. These companies pick their unique ideas and strategies to bring tremendous growth in the exterior wall system industry. Additionally, these companies collaborate with the manufacturing companies for the exterior wall system market growth.
Key players of the Exterior Wall System Market Growth
The main player in the market is the Asia Pacific region. They hold the prominent part share in the exterior wall system market growth. It is because of the foreign investment in this region. They create a major change in the rising of residential and non – residential construction. On the other side, we can witness the growth of North America by using advanced construction ideas by increasing dry construction methods.
To conclude with exterior wall system market is one of the best fields which is growing in the construction industry. Even people started to get awareness about the product which does not cause any illness to their environment. So it is good to see people preferring eco-friendly products compared to other materials. It is well known that the exterior wall system market industry will reach its height in the future.
|Market Size||USD 1,39,563.20 million|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Type and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Nippon Sheet Glass Co., Ltd (Japan), AGC Inc. (Japan), Saint-Gobain (France), Evonik Industries (Germany), Kronoplus Limited (Austria), Fletcher Building (New Zealand), EGGER Group (Austria), TORAY INDUSTRIES, INC. (Japan), USG BORAL (Singapore), and ELEMENTIA (Mexico). LafargeHolcim (Switzerland), CSR Limited (Australia), Sika AG (Switzerland), 3A Composites GmbH (Switzerland), and Owens Corning (US).|
|Key Market Opportunities||
|Key Market Drivers||Demand for dry construction methods|
The global Exterior Wall System Marketmarket size can be visibly grown from USD 139.6 billion in 2021 to USD 1,39,563.20 million by 2030. We can clearly get to know the CAGR of 7.50% from 2022 to 2030.
The latest trend going in the Exterior Wall System Market is constructing the building using greens which is eco-friendly and reusable products. This is called a green building
By using the exterior wall system you can reuse the materials in future, energy-saving, eco-friendly products, produce less pollution.
The only drawback is that it is mandatory to maintain its cleanliness to avoid dust. This is needed to increase its longevity.