As per the report published by Allied Market Research, the Stucco Market by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, Exterior Insulating & Finish Systems, and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding), and End Use (Residential and Nonresidential): Opportunity Analysis and Industry Forecast, 2019-2026” The global stucco market garnered $10.7 billion in 2018 and is anticipated to hit $15.3 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026. High purchasing power of end-users and development of the global construction industry boosted the growth of the stucco market. On the contrary, low consumer awareness toward the availability of stucco hinders the market. However, increase in demand from emerging economies would open new opportunities in the coming years.
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The global stucco market report includes an in-depth analysis of the major market players such as BASF SE, RPM International Inc., Mapei S.p.A., General Electric (GE), Heidelberg, CEMEX S.A.B. de C.V., Sika AG, Fosroc International Ltd., and GCP Applied Technologies Inc.
The global stucco industry is segmented into construction activity, product, insulation type, end use, and geography. Based on construction activity, the market categorized into new and renovation construction. On the basis of product, the market is bifurcated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco.
Based on insulation type, the market is segmented into insulated siding and non-insulated siding. The non-insulated siding segment is projected to portray the fastest CAGR of 5.4% during the study period. However, the insulated siding segment held the largest share in 2019, accounting for more than two-thirds of the market.
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On the basis of end use, the market is segmented into residential and nonresidential. The residential segment dominated the market in 2019, accounting for more than four-fifths of the total revenue. However, the non-residential segment is estimated to portray the fastest CAGR of 6.1% through 2026.
The global stucco market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America accounted for more than one-fourth of the market. On the other hand, the Asia-Pacific region is expected to portray the fastest CAGR of 5.3% during the forecast period. Furthermore, the market across the region held the largest share in 2019, contributing more than two-fifths of the market.
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https://www.openpr.com/news/2889334/stucco-market-to-witness-robust-expansion-by-2026-analysis
Allied Market Research recently published a report, titled, Stucco Market by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, Exterior Insulating Finish Systems, and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding), and End Use (Residential and Nonresidential): Opportunity Analysis and Industry Forecast, 20192026.
According to the report, the global stucco industry was pegged at $10.7 billion in 2018 and is expected to reach $15.3 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.Incentives for market growth:Development of the global construction industry and high purchasing power of end-users have boosted the growth of the global stucco market.
However, low consumer awareness toward the availability of stucco hampers the market growth.
On the contrary, rise in demand from emerging economies is expected to create lucrative opportunities in the near future.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5900Insulated siding segment held the largest share:The insulated siding segment dominated the global stucco market in 2019, contributing to more than two-thirds of the market.
However, the non-insulated siding segment is expected to manifest the fastest CAGR of 5.4% during the forecast period, as it is durable, attractive, and weather-resistant.Non-residential to portray fastest CAGR through 2026:The non-residential segment is anticipated to manifest the fastest CAGR of 6.1% during the forecast period, due to the development of the non-residential sector in emerging countries and its use as an aesthetic material.
However, the residential segment held the largest share in 2019, accounting for more than four-fifths of the global stucco market.
