Exterior Wall System Market Summary
As per MRFR Analysis, the Global Exterior Wall System Market was valued at USD 140.9 billion in 2022 and is projected to reach USD 270.1 billion by 2032, growing at a CAGR of 7.50% from 2023 to 2032. The market is driven by increasing demand in residential, commercial, and industrial sectors, fueled by urbanization and government regulations promoting energy-efficient construction. Key materials include glass panels, which dominate due to their aesthetic and performance benefits, while curtain wall systems are expected to grow rapidly due to their efficiency and protection against natural disasters.
Key Market Trends & Highlights
The market is witnessing significant growth driven by various factors.
- Market Size in 2022: USD 140.9 billion; projected to reach USD 270.1 billion by 2032.
- CAGR of 7.50% during the forecast period (2023 - 2032).
- North America accounted for over 45% of market revenue in 2022.
- Asia-Pacific is the second largest market, driven by construction projects in China and India.
Market Size & Forecast
2022 Market Size: USD 140.9 billion
2032 Market Size: USD 270.1 billion
CAGR: 7.50%
North America: 45% market share in 2022.
Major Players
Key players include Elex Group (Belgium), SCG (Thailand), 3A Composites (Switzerland), Alcoa Corporation (US), Avient Corporation (US), Louisiana-Pacific Corporation, CSR Limited (Australia), Nichiha Corporation (Japan), CRH (Ireland), Cornerstone Building Brands, Nippon Sheet Glass.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Exterior Wall System Market Trends
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Growing residential and commercial projects are driving the market growth
The growth of residential and commercial projects is the key factor in the market CAGR for Exterior Wall System. Exterior wall systems are currently used in both residential and commercial applications. Due to population expansion, growing countries such as China, India, and others are experiencing increased urbanization. Thus, rapid urbanization leads to greater government and consumer spending on residential and infrastructure construction, boosting market growth dramatically.
Modern construction technologies and the installation of efficient exterior wall systems offer substantial benefits in terms of energy conservation. The growing demand for energy-efficient buildings drives up the price of these wall systems. Furthermore, government rules requiring energy-efficient building construction and environmentally friendly building materials encourage market growth. For example, the European Union's energy performance of buildings legislation will aid in meeting the European Green Deal's building and refurbishment targets. Increased construction activity in various countries such as Europe and Asia-Pacific and increased demand for visually appealing building designs are likely to drive the worldwide External wall systems market revenue.
Exterior Wall System Market Segment Insights
Exterior Wall System Material Insights
The Exterior Wall System market segmentation, based on material, includes Vinyl, Metal Panels, Brick and Stone, Fiber Cement, Plasterboards, Glass Panels, EIFS, Fiberglass Panels, Wood Boards, Ceramic Tiles, HPL Boards, and Others. The glass panels sector dominates the market due to its ability to provide both aesthetic appeal and great performance. Implementing new legislation, such as the EU's proposed plan to transition from almost zero-energy to zero-emission buildings by 2030, encourages the usage of glass panels and the introduction of smart glass. As a result, the demand for glass panels is likely to rise further. The growing demand for thermal insulation in residential structures due to energy-saving requirements is fueling the expansion of the EIFS category. The utility, as well as the aesthetic and visual attractiveness connected with
Exterior Wall System Product Insights
The Exterior Wall System market segmentation, based on product, includes Ventilated Façade, Curtain Wall Systems, and Non-Ventilated Façade. Because of reduced manufacturing time and shorter construction length, the curtain wall systems segment is predicted to increase fastest. Curtain wall systems reduce the damage caused by natural disasters and give protection from extreme weather conditions, which will drive market expansion even further. Because of these systems' ability to regulate humidity and operate as excellent outside protection, the ventilated façade segment is growing rapidly. The benefits of non-ventilated façades, such as creative freedom for architects, slimness, time efficiency, and high-quality insulation and noise dampening, assist market expansion.
Exterior Wall System End-Use Insights
The Exterior Wall System market segmentation, based on end-use channel, includes Residential, Commercial, and Industrial. With the increased number of development and infrastructure projects in emerging nations, the commercial segment leads the external wall systems industry share. Furthermore, foreign company investments in developing nations and standardization in the building and construction industry contribute to the expansion of the commercial segment. Factors such as rapidly increasing population, urbanization activities, and increased real estate investment all contribute to the expansion of the commercial category.
Figure1: Exterior Wall System Market, by End-use channel, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Exterior Wall System Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America dominated the market ly and contributed over 45% of revenue in 2022 because of the region's expanding need for energy-efficient solutions. In the future years, the regional market's growth is projected to be greatly accelerated by the continuous technical developments in the building materials industry.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Exterior Wall System SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In 2022, the Asia Pacific Exterior Wall System market was the second largest region. This dominance can be attributed to the enormous number of construction projects in developing nations such as China and India's. Because of the growing number of infrastructure projects in China, such as the Shanghai Urban Rail Transit Expansion project and Beijing's Daxing International Airport, the non-residential segment is in high demand. Moreover, China’s exterior wall system market held the largest market share, and the Indian exterior wall system market was the fastest-growing market in the Asia-Pacific region.
The increasing trend of energy efficiency and green buildings is driving the growth in Europe's exterior wall system market. Furthermore, initiatives taken by the government to transform energy-wasting buildings into energy-efficient structures would propel the industry even further. Using innovative building technologies greatly reduces time duration in the market. Furthermore, the region's growing preference for dry construction practices over wet construction practices boosts product demand. Further, the German exterior wall system market held the largest market share, and the UK exterior wall system market was the fastest-growing market in the European region.
Exterior Wall System Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Exterior Wall System market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Exterior Wall System industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Exterior Wall System industry to benefit clients and increase the market sector. In recent years, the Exterior Wall System industry has offered some of the most significant advantages in chemicals. Major players in the Exterior Wall System market include Elex Group (Belgium), SCG (Thailand), 3A Composites (Switzerland), Alcoa Corporation (US), Avient Corporation (US), Louisiana-Pacific Corporation, CSR Limited (Australia), Nichiha Corporation (Japan), CRH (Ireland), Cornere stone building brands, Nippon Sheet Glass.
Louisiana-Pacific Corporation's goods shielded the corporation from some of the fluctuations of the wood market. With this success, the company quickly expanded its line of reconstituted wood products to include I-beams for floor joists and rafters. These structural beams used half the lumber of their solid wood counterparts while being stronger and lighter. LP also produced a concrete variant of Inner-Seal and began marketing Inner-Seal siding for residential exterior wall systems in 1985. According to the Portland Oregonian, LP's sales soared by 50 percent between 1980 and 1988, thanks to these innovations, a housing boom, and a burgeoning remodeling and repair business that increased demand for specialty building supplies.
NSG purchased the prominent UK-based glass maker Pilkington plc. Today, the corporation has combined revenues of around JPY 600 billion, with production activities in 29 locations and sales in 130 countries, and employs approximately 28,500 people worldwide. The Group's Flat Glass operations, which include Building Products and Automotive Products, account for 90% of annual revenues, with the remainder in Specialty Glass. The Specialty Glass business serves a variety of specialized industries, the most important of which are displays and optical devices for printers and copiers.
Exterior Wall System market includes
- Louisiana-Pacific Corporation
- Cornere stone building brands
Exterior Wall SystemIndustry Developments
November 2020: Etex-Arauco, an E2E joint venture, agreed to buy a majority share in Tecverde. Techverd's unique wood-frame construction techniques enable the fabrication of practically an entire structure. This will allow E2E to tread new ground in the Brazilian construction business.
September 2020: Alcoa announced the addition of EcoSourceTM, the industry's first low-carbon, smelter-grade alumina brand, to its SustanaTM product portfolio. This expansion intends to reduce carbon emissions and shift towards more sustainable and environmentally friendly products.
November 2023: A new type of prefabricated insulated concrete formwork (ICF) panel enters the market, boasting enhanced thermal and acoustic performance. The panels are thinner and lighter than traditional options, offering faster construction and reduced transportation emissions.
December 2023: A European consortium successfully tests a bio-based insulation material made from mycelium, the root structure of mushrooms. The material offers excellent insulation properties, is fire-resistant, and biodegradable, making it a sustainable alternative to traditional options.
Exterior Wall System Market Segmentation
Exterior Wall System Materials Outlook
Exterior Wall System Product Outlook
Exterior Wall System End-Use Outlook
Exterior Wall System Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size2022 |
USD 140.9 billion |
| Market Size 2023 |
USD 151.4 Billion |
| Market Size 2032 |
USD 270.1 billion |
| Compound Annual Growth Rate (CAGR) |
7.50% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Material, Product, End-Use and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Elex Group (Belgium), SCG (Thailand), 3A Composites (Switzerland), Alcoa Corporation (US), Avient Corporation (US), Louisiana-Pacific Corporation, CSR Limited (Australia), Nichiha Corporation (Japan), CRH (Ireland), Cornere stone building brands, Nippon Sheet Glass. |
| Key Market Opportunities |
Exterior Wall Systems are in greater demand in the commercial sector. |
| Key Market Dynamics |
Increasing demand in the construction sector. |
Exterior Wall System Market Highlights:
Frequently Asked Questions (FAQ) :
The Exterior Wall System market size was valued at USD 140.9 billion in 2022.
The Exterior Wall System market is projected to grow at a CAGR of 7.50 % during the forecast period, 2023-2032.
North America had the largest share of the Exterior Wall System market
The key players in the Exterior Wall System market are Elex Group (Belgium), SCG (Thailand), 3A Composites (Switzerland), Alcoa Corporation (US), Avient Corporation (US), Louisiana-Pacific Corporation, CSR Limited (Australia), Nichiha Corporation (Japan), CRH (Ireland), Cornere stone building brands, Nippon Sheet Glass.
The curtain wall systems category dominated the Exterior Wall System market in 2022.
The commercial category had the largest share of the Exterior Wall System market.
