Wilmington, Delaware, Nov. 06, 2023 (GLOBE NEWSWIRE) --
Allied Market Research published a report, titled, "Exterior Wall Systems Market by Material (Glass and Fiberglass, Metal, Ceramic, Cement and Others), End User (Residential, Commercial, and Industrial), and Type (Ventilated, Non-Ventilated, and Curtain Wall): Global Opportunity Analysis and Industry Forecast, 2021–2030." As per the report, the global exterior wall systems industry was valued at $125.86 billion in 2020, and is expected to generate $221.97 billion by 2030, witnessing a CAGR of 5.6% from 2021 to 2030.
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Drivers, restraints, and opportunities-
The growth of the global exterior wall systems market is driven by a rise in construction activities across various regions such as Europe & Asia-Pacific and a surge in demand for high appealing designs for buildings. On the other hand, the initial capital investment, high cost of production, and fluctuations in the prices of raw materials hamper the growth to some extent. However, a rise in construction of green buildings is anticipated to provide various opportunities in the industry.
The curtain wall segment to maintain the dominant share-
On the basis of type, the curtail wall segment accounted for more than two-fifths of the global exterior wall systems market revenue in 2020, and is anticipated to maintain its dominance by 2030. This is again attributed to the benefits associated with curtain wall systems products such as aesthetic look, robust architecture solutions, and lightweight. The same segment would also cite the fastest CAGR of 6.1% from 2020 to 2030.
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The glass and fiberglass segment to dominate by 2030-
On the basis of material, the glass and fiberglass segment accounted for more than two-fifths of the global exterior wall systems market share in 2020, and is projected to dominate the trail by 2030. This is due to the advantages associated with composite materials such as chemical resistance, corrosion resistance, high durability, design flexibility, and high performance at elevated temperatures. The metal segment, on the other hand, would register the fastest CAGR of 6.3% throughout the forecast period.
Asia-Pacific to garner the major share in 2020-
Based on region, Asia-Pacific held the major share in 2020, hitting nearly half of the global exterior wall systems market and is expected to rule the roost by 2030. At the same time, the market across LAMEA would manifest the fastest CAGR of 6.7% by 2030.
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Key players in the industry-
- Cornerstone Building Brands
- Schweiter Technologies AG
- Nichiha Corporation
- SCG
- Alcoa Corporation
- AGC Inc.
- Etex Group
- CRH
- CSR LTD.
- Louisiana Pacific Corporation
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