The global exterior wall systems market has experienced tremendous expansion, owing to fast industrial growth that has resulted in the construction of new residential, commercial, and non-commercial buildings.
Covid-19 Impact & Market Status
In 2020, the COVID-19 pandemic had a severe impact on the external wall systems market, resulting in a considerable decrease in the industry's CAGR. Though, due to the economy's effect from the building industry, a rebound is projected. Despite the fact that the activity may continue, delays and halts are predicted due to supply chain bottlenecks, labor shortages, and material shortages. Construction employees may be unable to reach job sites, and they will be required to follow new on-site regulations, which will impair productivity. Some supply networks for building materials have also been disrupted, causing manufacturing and delivery to be halted.
The Curtain Segment is accounted for the Maximum Revenue in the Predicted Period.
Curtain wall systems are comprised of a lightweight material that saves money during construction. Aside from its own dead load weight, the curtain wall façade bears no structural stress from the structure. The major function of a curtain wall system is to shield the interior of a structure from exterior natural phenomena such as temperature fluctuations, sunlight, rain, earthquakes, and wind.
The Commercial Segment is Likely to Account for the Maximum Revenue in the Forecast Timeframe.
The rising demand for exterior wall systems due to increasing uniformity in the construction, as well as safety, durability, and improved aesthetic appeal of the facade systems, is driving this segment's rise. The most significant benefit of exterior wall systems is that they are available in a variety of materials and designs, allowing users to select a material that compliments the entire structure.
The Glass Panels Segment is likely to Rise with the Greatest Revenue in the Estimated Timeframe.
Glass panels are expected to dominate the external wall systems market in terms of material. Workability, transparency, strength, u-value, recyclability, energy efficiency, greenhouse effect, solar heat gain co-efficiency, and acoustic management are all qualities of construction glass, all of which contribute to the building's facade structure's greater durability and outlook. It offers a variety of advantages, including more space, illumination, improved separation concepts, the ability to blend diverse designs, and a sense of modernity.
The Concrete Segment is likely to Rise with the Greatest Revenue in the Estimated Timeframe.
The strong demand for exterior wall systems, which are load-bearing walls, is primarily responsible for the segment's rise. The large thermal mass of firmly sealed concrete walls, combined with insulation, eliminates drafts and results in an airtight, high-performance, energy-efficient dwelling.
Asia Pacific Market for Exterior Wall Systems will occupy the Majority of the Market Share in the Coming Future.
The growth of this region is attributed to the increased foreign investment and flourishing residential and non-residential building activity, as well as rising disposable income and an increase in the number of housing plans. The existence of sophisticated building technologies and an increase in dry construction practices are likely to propel growth in the North American area.
The market is growing owing to the favorable reimbursement rules, increased government and venture capitalist investments, and increased technological knowledge.
The market for exterior wall systems will be driven by an increase in construction activity throughout the world. Factory and manufacturing plant construction, as well as stadiums, public transit structures, office buildings, hotels, retail malls, public facilities (including government buildings), and other government projects, has expanded dramatically. The global exterior wall systems market is anticipated to reach over USD140 billion at a CAGR rate of 8% during the prediction period.
Exterior wall systems are used to protect the surface of a structure from the elements, such as extreme heat and cold, fire, rain penetration, and other exterior risks. It serves as a building envelope by providing a protective covering for the exterior of the structure. Exterior wall systems are also employed to improve a building's visual appearance. They're built with lightweight materials to speed up building and save money.
Green buildings are constructions that are ecologically friendly and resource-efficient throughout their lifespan. These structures offer a variety of advantages, including environmental preservation, sustainability, resource efficiency, energy efficiency, and increased resale value. The recyclability, ability to absorb radiation, and energy-saving properties of glass make it a good choice for use as a green construction material. The growing desire for green will have a significant impact on the market for exterior wall solutions. Green buildings are already fashionable in Europe and the United States. Glass with high transparency has also been requested by architects in order to allow more light while preserving heat resistance.
The global exterior wall systems market is fragmented, competitive with the various major players. The majority of businesses in the market are technologically sound, but they need a lot of help to improve their services and expand their operations. As a result, mergers and acquisitions have a significant chance of attracting the interest of a large number of providers and hospitals from all over the developed globe. In the coming years, just a few new enterprises are expected to enter the industry. Some of the current industrial participants are PPG Industries, Nippon Sheet Glass, Sika, Alcoa Corporation, Etex Group, SCG, Saint-Gobain, DuPont, and Asahi Glass.
Latest Innovations in the Global Exterior Wall Systems Market: a Snapshot
- Etex-Arauco, an E2E joint venture, agreed to buy a controlling share in Tecverde in November 2020. Techverd's unique wood-frame construction techniques allow for the fabrication of practically an entire structure. This will allow E2E to tread new ground in the Brazilian construction business.
- SCG and SHO-BOND & MIT Infrastructure Maintenance Corporation ("SB&M") entered into a joint-venture agreement in August 2020 to engage in Lifetime Solutions for buildings and infrastructures in Thailand, catering to the growing trends in the repair and maintenance market in Thailand and across ASEAN.
The purpose of this global market research report is to provide you with an in-depth look at the global Exterior Wall Systems market. Throughout the forecasted time period, the research examines the market's growth potential, demography, and capacity. During the assessment phase, this component aids in assessing market size and projecting market growth.
Exterior Wall Systems Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 140 billion|
|Growth Rate||CAGR of 8% during 2021-2028|
|Segment Covered||Type, Material, Supporting Wall, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||PPG Industries, Nippon Sheet Glass, Sika, Alcoa Corporation, Etex Group, SCG, Saint-Gobain, DuPont, and Asahi Glass.|
Key Segments of the Global Exterior Wall Systems Market
Type Overview, 2018-2028 (USD Billion)
- Curtain Wall
Material Overview, 2018-2028 (USD Billion)
- Glass Panel
- Ceramic Tile
- Metal Panel
- Brick & Stone
- Fiber Cement
- Fiberglass Panel
Supporting Wall Overview, 2018-2028 (USD Billion)
- Wood and Masonry
End-Use Industry Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa