According to a new market report published by Lucintel, the future of the stucco market looks promising with opportunities in both residential and non-residential construction. The global stucco market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are the high growth of residential and non-residential construction industries and rapid industrialization.
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Stucco is a fine plaster used for coating wall surfaces or moulding into architectural decorations. In this market, traditional and insulated are the major types of stucco. Lucintel forecasts that traditional stucco will remain the largest type segment over the forecast period, as it has superior properties, such as high strength, prolonged durability, fire-resistance, and ability to fight moisture.
Within this market, residential will remain the largest end use segment over the forecast period due to the lower cost of stucco than other plasters used for residential construction, as a result of its superior durability and high tensile strength.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period because the need for new construction and retrofitting or rehabilitation of older construction, increasing number of new housing units, and huge investments in the non-residential sector are driving the demand for stucco in this region.
Sika, Cemex, BASF, Omega Products, Dryvit Systems, The Quikrete, Sto Group, DuPont, California Stucco Products, and Western Blended Products are among the major suppliers in the global stucco market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global stucco market by material, type, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Stucco Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global stucco market by material, type, end use, and region as follows:
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Cement
Aggregates
Admixture
Plasticizers
Bonding Agents
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.