MARKET INTRODUCTION
Stucco is a construction material made of a binder, aggregates, and water. It is applied wet and hardens to a very dense solid. Stucco is used as a decorative coating for ceilings, walls, and as a sculptural and artistic material in architecture. Stucco is also used to cover less visually appealing construction materials, such as concrete, metal, cinder block, or clay brick and adobe. It is basically prepared from cement, sand, and lime and hardens into a highly durable material that requires little maintenance. Stucco is applied over a galvanized wire mesh called lath, that helps the stucco adhere to the supporting structure and strengthens the entire assembly. Stucco usually is mixed on-site and is applied in three coats.
MARKET DYNAMICS
The stucco market has witnessed significant growth owing to factors such as the development of the global construction industry coupled high purchasing power of end-users developed and emerging regions such as Europe and the Asia Pacific. Moreover, an increase in demand from emerging economies provides a huge market opportunity for the key players operating in the stucco market. However, low consumer awareness toward the availability of stucco is projected to hamper the overall growth of the stucco market.
MARKET SCOPE
The "Global Stucco Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the stucco market with detailed market segmentation by construction type, product, insulation type, end-use and geography. The global stucco market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stucco market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global stucco market is segmented on the basis of construction type, product, insulation type, and end-use. On the basis of construction type, the stucco market is segmented into new and renovation. The stucco market on the basis of the product is classified into traditional three-coat stucco, exterior insulating and finish systems, and newer-one coat stucco. Similarly, on the basis of insulation type the stucco market is bifurcated into insulated siding and non-insulated siding. Based on end-use the global stucco market is divided into residential and nonresidential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global stucco market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The stucco market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the stucco market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the stucco market in these regions.
MARKET PLAYERS
The reports cover key developments in the stucco market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from stucco market are anticipated to lucrative growth opportunities in the future with the rising demand for Stucco in the global market. Below mentioned is the list of few companies engaged in the Stucco market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stucco market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Cemex S.A.B. DE C.V.
- Dow Inc.
- Fosroc International Ltd.
- GCP Applied Technologies Inc.
- General Electric
- Heidelberg Cement
- Mapei S.P.A.
- RPM International
- Sika AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.