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Stucco Market Trends

Report ID: GMI6716
Published Date: Feb 2024
Report Format: PDF

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Stucco Market Trends

The construction industry is increasingly embracing sustainable materials due to the growing awareness of environmental issues. Stucco, which frequently incorporates natural and eco-friendly components in its composition, is in line with this shift. The rising demand for environmentally friendly construction methods is leading to the increased preference for stucco as an exterior finish, propelling market growth.

Stucco is becoming more popular in renovation projects, particularly for enhancing the exteriors of existing structures. Its versatility and ability to refresh a building's appearance without major structural changes are significant factors contributing to its extensive adoption in the renovation industry.

Simultaneously, technological advancements in manufacturing processes are enhancing the quality and consistency of stucco, resulting in a more reliable & durable product that fulfills the stringent requirements of modern construction projects. In addition, continuous advancements in the research & development of stucco formulations and application techniques are enhancing performance and durability. These innovations are specifically addressing issues, such as cracking & weather resistance, broadening the range of applications for stucco in various climates and environments.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of stucco was worth over USD 13 billion in 2023 and will record over 4.9% CAGR from 2024 to 2032, due to its increasing global popularity owing to advantages such as durability and resistance to weather elements, including rain, wind, and sun exposure.

Stucco industry from the traditional type segment reached USD 8.7 billion in 2023 and will incur significant growth from 2024 to 2032, to offer durability and long lifespan in both residential and commercial projects.

Asia Pacific stucco industry recorded USD 4.4 billion in 2023 and is expected to witness appreciable growth from 2024 to 2032, owing to the rising interest in stucco as construction activities and growing urbanization in the region.

Dryvit Systems, Inc., Parex USA, Inc., STO Corp., Omega Products International, BASF SE, Sika AG, LafargeHolcim Ltd., Adex Systems Inc., Master Wall Inc., Total Wall, and Terraco Group are some of the major stucco companies worldwide.