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Global Stucco Market to reach USD 18.15 billion by the end of 2030

Global Stucco Market Size study & Forecast, 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), by End Use Vertical (Residential, Non-residential) and Regional Analysis, 2023-2030

Product Code: OIRBC-72298840
Publish Date: 20-01-2024
Page: 200

Global Stucco Market is valued at approximately USD 12.76 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% during the forecast period 2023-2030. Stucco is a durable and versatile building material commonly used for exterior and interior wall finishes. It is a plaster-like substance that is typically composed of cement, sand, and water. Stucco is applied in multiple layers to create a textured and aesthetically pleasing surface. It can be used on various substrates such as concrete, masonry, and wood. The Stucco Market is expanding because of factors such as the increasing rate of urbanization and the growing number of new construction projects. As a result, the demand for Stucco has progressively increased in the international market during the forecast period 2023-2030.

Urbanization can impact the use and maintenance of stucco in construction through changes in demand, architectural trends, environmental factors, building regulations, maintenance challenges, and cost considerations. According to the Statista, the global urbanization rate was 57% in 2022. North America has the highest amount of urbanization, with more than four-fifths of the population living in cities. Another important factor that drives the Stucco Market is the increasing number of new construction projects. The demand for stucco in new construction projects can also impact the availability of skilled labor for stucco applications. Increased demand lead to a higher need for trained stucco installers, affecting labor availability and potentially impacting project timelines. In addition, as per Statista, in 2020, the Construction Market reached a valuation of USD 6.4 trillion and is anticipated to increase up to USD 14.4 trillion by the year 2030. Moreover, product advancement with the use of insulation foam and rising demand for residential constructions is anticipated to create lucrative growth opportunities for the market over the forecast period. However, growing preference towards new finished systems and limited application in an extremely cold weather condition is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Stucco Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the new construction and retrofitting or rehabilitation of older construction in the region. The region’s dominant performance is anticipated to propel the overall demand for Stucco. Furthermore, North America is expected to grow fastest over the forecast period, owing to factors such as the increasing number of new housing units and huge investments in the non-residential sector in the region.

Major market player included in this report are:
MAPEI S.p.A.
RPM International Inc.
HeidelbergCement AG
CEMEX S.A.B. de C.V.
Sika AG
GCP Applied Technologies Inc.
General Electric Company
BASF SE
Dow Inc.
Fosroc Inc
Recent Developments in the Market:
Ø In June 2023, Sika AG inaugurated a new facility in Kharagpur, located in eastern India, as part of its ongoing efforts to enhance production capacity in the rapidly growing Indian market. The plant’s focus is going to be on the manufacturing of mortar products, concrete admixtures, and shotcrete accelerators, catering to the needs of customers in the populous West Bengal region, which boasts a population exceeding 100 million.

Global Stucco Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Construction Activity, Product, Insulation Type, End Use Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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

By End Use Vertical
Residential
Non-residential

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Stucco Market, by Region, 2020-2030 (USD Billion)
1.2.2. Stucco Market, by Construction Activity, 2020-2030 (USD Billion)
1.2.3. Stucco Market, by Product, 2020-2030 (USD Billion)
1.2.4. Stucco Market, by Insulation Type, 2020-2030 (USD Billion)
1.2.5. Stucco Market, by End Use Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Stucco Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Stucco Market Dynamics
3.1. Stucco Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing rate of urbanization
3.1.1.2. Growing number of new construction projects
3.1.2. Market Challenges
3.1.2.1. Growing preference towards new finished systems
3.1.2.2. Limited application in an extreme cold weather condition
3.1.3. Market Opportunities
3.1.3.1. Product Advancement with use of Insulation Foam
3.1.3.2. Rising demand for residential construction
Chapter 4. Global Stucco Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Stucco Market, by Construction Activity
5.1. Market Snapshot
5.2. Global Stucco Market by Construction Activity, Performance – Potential Analysis
5.3. Global Stucco Market Estimates & Forecasts by Construction Activity 2020-2030 (USD Billion)
5.4. Stucco Market, Sub Segment Analysis
5.4.1. New
5.4.2. Renovation
Chapter 6. Global Stucco Market, by Product
6.1. Market Snapshot
6.2. Global Stucco Market by Product, Performance – Potential Analysis
6.3. Global Stucco Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
6.4. Stucco Market, Sub Segment Analysis
6.4.1. Traditional Three-coat Stucco
6.4.2. Exterior insulating & Finish Systems
6.4.3. Newer-one Coat Stucco
Chapter 7. Global Stucco Market, by Insulation Type
7.1. Market Snapshot
7.2. Global Stucco Market by Insulation Type, Performance – Potential Analysis
7.3. Global Stucco Market Estimates & Forecasts by Insulation Type 2020-2030 (USD Billion)
7.4. Stucco Market, Sub Segment Analysis
7.4.1. Insulated Siding
7.4.2. Non-insulated Siding
Chapter 8. Global Stucco Market, by End Use Vertical
8.1. Market Snapshot
8.2. Global Stucco Market by End Use Vertical, Performance – Potential Analysis
8.3. Global Stucco Market Estimates & Forecasts by End Use Vertical 2020-2030 (USD Billion)
8.4. Stucco Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Non-residential
Chapter 9. Global Stucco Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Stucco Market, Regional Market Snapshot
9.4. North America Stucco Market
9.4.1. U.S. Stucco Market
9.4.1.1. Construction Activity breakdown estimates & forecasts, 2020-2030
9.4.1.2. Product breakdown estimates & forecasts, 2020-2030
9.4.1.3. Insulation Type breakdown estimates & forecasts, 2020-2030
9.4.1.4. End Use Vertical breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Stucco Market
9.5. Europe Stucco Market Snapshot
9.5.1. U.K. Stucco Market
9.5.2. Germany Stucco Market
9.5.3. France Stucco Market
9.5.4. Spain Stucco Market
9.5.5. Italy Stucco Market
9.5.6. Rest of Europe Stucco Market
9.6. Asia-Pacific Stucco Market Snapshot
9.6.1. China Stucco Market
9.6.2. India Stucco Market
9.6.3. Japan Stucco Market
9.6.4. Australia Stucco Market
9.6.5. South Korea Stucco Market
9.6.6. Rest of Asia Pacific Stucco Market
9.7. Latin America Stucco Market Snapshot
9.7.1. Brazil Stucco Market
9.7.2. Mexico Stucco Market
9.8. Middle East & Africa Stucco Market
9.8.1. Saudi Arabia Stucco Market
9.8.2. South Africa Stucco Market
9.8.3. Rest of Middle East & Africa Stucco Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. MAPEI S.p.A.
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. RPM International Inc.
10.3.3. HeidelbergCement AG
10.3.4. CEMEX S.A.B. de C.V.
10.3.5. Sika AG
10.3.6. GCP Applied Technologies Inc.
10.3.7. General Electric Company
10.3.8. BASF SE
10.3.9. Dow Inc.
10.3.10. Fosroc Inc
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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