Top Companies in Exterior Wall Systems Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research

The Global Exterior Wall Systems Market is valued at USD 138.1 billion in 2021 and is projected to reach USD 206.1 billion by 2028 at a CAGR of 6.9% over the forecast period. The demand for wall systems is increasing as private, and public investments increase across residential, commercial, and industrial enterprises. The market is expanding due to the construction sector in developing nations and technological developments in construction methods. Additionally, implementing new laws and reforms to strengthen the real estate industry is improving market prospects. The development of green buildings is also projected to offer attractive chances for the market for exterior wall systems to expand globally.

Due to rising external wall system usage in the residential, commercial, and industrial sectors, as construction activities increase, the exterior wall systems market is anticipated to have considerable expansion in the coming years. Additionally, government investments in infrastructure growth have boosted the need for outside wall systems.

However, it is anticipated that the high cost of production, initial capital expenditure, and rising raw material costs will significantly restrain market expansion throughout the projection period. Additional reasons that may impede market expansion include tightening government restrictions around carbon emissions and the rise in environmental concerns.

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Amidst Exponential Growth in Exterior Wall Systems Adoption, What Trends Should We Look Forward to?

1. The expansion of the building sector primarily drives the market for exterior wall systems. There has been a sharp growth in building factories, manufacturing plants, stadiums, shopping malls, office buildings, and other government projects. This will directly affect the requirement for environmentally friendly aesthetic building construction methods in these projects, which will increase the demand for exterior wall systems. 

2. Green buildings are described as ones that use resources sparingly and responsibly throughout their lifespan. These structures offer several advantages, including increased resale value, sustainability, resource efficiency, and energy efficiency. Therefore, the demand for green will greatly impact the market for exterior wall systems. 

3. The need for the product will be fueled by ongoing technological developments in precast, modular, and prefabricated building structures specifically created for residential and commercial infrastructure. 

4. The market penetration of exterior wall systems will be positively impacted by the increasing relevance of ventilation and the outer wall's ability to keep controlled volumes of air from entering the building's interior. Mold and dust mite growth is less likely to occur in a carefully regulated indoor environment that is aired. 

The exterior wall systems market is dominated by globally established players such as ETEX GROUP, SCG, ALCOA CORPORATION, 3A COMPOSITES, AVIENT CORPORATION, LOUISIANA-PACIFIC CORPORATION, NICHIHA CORPORATION, SHERA, DRYVIT SYSTEMS INC., STADUR PRODUKTIONS GMBH & CO., KG TRUSUS, ELEMENTIA, TORAY INDUSTRIES, BORAL LIMITED, CORNERSTONE BUILDING BRANDS, ARCELORMITTAL, NUCOR, UNIVERSAL CEMENT CORPORATION, VINH TUONG INDUSTRIAL CORPORATION, TERRACO GROUP, METECENO GROUP and RIEDER GROUP. These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth exterior wall systems market.

Let's Look at the Top 5 Companies That are Taking the Exterior Wall Systems Market by Storm

The exterior wall systems market is expected to grow from USD 138.1 billion in 2021 to USD 206.1 billion in 2028 due to the growing use of dry construction techniques rather than wet construction techniques. Additionally, it is projected that the markets for outside wall systems will become prosperous due to rising defensive wall system demand and the need to enhance building aesthetics.

1. Etex Group:

With a wide range of lightweight solutions, Etex motivates people worldwide to construct secure, resilient, intelligent, and beautiful living places. Leading fiber cement and plasterboard solutions to revolutionary modular systems. Applications range from high-performance fire protection and insulation for building and OEM applications to cladding, façade, exterior wall systems, roofing, and terrace.

2. SCG:

In Thailand, SCG is the largest and best-known producer of cement and construction supplies. Not just a variety of top-notch, well-known items worldwide, like Fiber Cement products, plaster and gypsum board, exterior wall systems, and AAC Wall qPanels. But it also offers the majority of good conventional wall and ceiling solutions, which will speed up construction and be more environmentally friendly.

3. Alcoa Corporation:

The goal of Alcoa Corporation is to create a better future where aluminum will play a bigger part in resolving issues in a carbon-constrained environment. To handle a range of client difficulties, including assisting in reducing the carbon footprint of finished products by employing sustainably produced aluminum, it is necessary to use its products and ground-breaking technology, such as exterior wall systems.

4. Cornerstone Building Brands:

Cornerstone Building Brands offers a wide range of goods and services to both residential and business clients. With a large national footprint and a reputation as a trusted leader in exterior building goods like exterior wall systems, it is committed to quickly and effectively addressing the demands of customers and communities.

5. Avient Corporation:

Avient exists to overcome obstacles and unleash global creativity and sustainability potential. It brings together extraordinary minds, innovative ideas, and science to develop specialized and sustainable materials, such as exterior wall systems, that improve functionality and safeguard the environment.

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