U.S (New York)– The “Stucco Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Stucco Market , its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global Stucco market was valued at $10.7 billion in 2018, and is projected to reach $15.3 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026. Stucco, also called as render or plaster, is a material used in construction activities that is made of sand, cement, lime, and water. Stucco provides advantages such as high strength, prolonged durability, and ability to combat moisture. Another key advantage of using stucco is that it requires less maintenance, thus acting as an ideal option in the construction industry.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Development of the construction industry in the emerging countries such as India and China is boosting demand for stucco. Stucco is used as a decorative coating for walls and ceilings, and as a sculptural and artistic material in architecture. Hence, with growing construction activities, the demand for stucco is expected to increase. However, strong competition among manufacturers and fluctuation in prices of raw materials are the factors that are expected to restrain the growth of the global. On the contrary, factors such as increase in investment in new technologies for stucco preparing machinery and rise in construction activities to cater to the need of growing population are expected to offer lucrative opportunities for market expansion.
The global stucco market is segmented into construction activity, product, insulation type, end use, and region. Depending on construction activity, the market is classified into new and renovation construction. By product, it is segregated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco. As per insulation type, it is fragmented into insulated siding and non-insulated siding. According to end use, it is bifurcated into residential and nonresidential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current stucco market trends and future scenario of the Stucco market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
– Major countries in the region have been mapped according to their individual revenue contribution in the stucco market analysis at the regional and country-level market.
– The key drivers, restraints, and stucco market opportunities and their detailed impact analyses are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
Key Players
– BASF SE
– RPM International Inc.
– Sika AG
– Fosroc International Ltd.
– Mapei S.p.A.
– GCP Applied Technologies Inc.
– General Electric (GE)
– CEMEX S.A.B. de C.V.
– Heidelberg
– The Dow Chemical Company
KEY MARKET SEGMENTS
By Construction Activity
– New
– Renovation
By Product
– Traditional Three-coat Stucco
– Exterior insulating & Finish Systems
– Newer-one Coat Stucco
By Insulation Type
– Insulated Siding
– Non-insulated Siding
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By End-Use
– Residential
– Nonresidential
By Region
? North America
o U.S.
o Canada
o Mexico
? Europe
o Germany
o France
o UK
o Turkey
o Russia
o Rest of Europe
? Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
? LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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