Report Overview
The North America Stucco Market was valued US$ 2,979.0 Mn in 2020 is expected to reach US$ 3,903.7 Mn by 2027, with a growing CAGR of 3.9% during the forecast period (2020-2027). Stucco is a construction material that is being made from aggregates, water, and a binder. This stucco is being applied wet and hardens it very dense solid. The stucco is primarily being used as decorative coating for ceilings, walls, external building siding, and also as a sculptural and artistic material in architecture.
The market is witnessing growth owing to the increasing construction activities across U.S. and Canada. Rising demand for stucco across residential and commercial infrastructures including buildings, apartments, and highways, due to their several beneficial properties such as hardness, finishing durability, low maintenance, rot and fungus resistance, color retention, fire resistance, and low cost is a major factor foster the growth of the market. Use of stucco as a decorative coating for walls and ceilings, external building siding, and as a sculptural and artistic material in architecture is expected to fuel the demand of stucco market during the forecast period.
The research report analyses the ecosystem of Stucco market and categorizes the Stucco Market to forecast the revenues and analyse the trends in each of the following below-mentioned market segments.
Stucco Market by Material
Stucco Market by Product
Stucco Market by Base
Stucco Market by Insulation Type
Stucco Market by End-Use
By North America
By Material, the Cement is expected to witness high growth rate during the forecast period
Based on material, the stucco market has been segmented as cement, aggregates, admixture, plasticizers, reinforcement, bonding agent, and others. Among which, the cement segment is expected to grow with a higher CAGR in the market over the coming years due to the increasing use of a wide range of cement, including Portland cement, masonry cement, white Portland cement, blended cement, plastic cement in the making of stucco. The aggregates is also expected to witness substantial growth rate over the coming years.
By End-Use, the non-residential segment is estimated to be a larger end-use market in the stucco market in 2019
Based on the end-user the market has been segmented as residential and non-residential segment. The non-residential sector was dominating the market and is expected to witness similar growth rates over the coming years. This segment is witnessing growth due to the rising construction activities, the number of industrial and commercial buildings has also gone up, which has created an opportunity for the application of stucco systems in these buildings.
Competitive Landscape
The key players operating in the market are:
The market dominance of these companies is characterized by their vast product portfolio of stucco, high investment in R&D activities for stucco, revenue, capital expenditure, employee strength, and geographical presence of companies.
The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities and challenges
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Snapshot of Drivers, Restraints, Opportunities and Challenges of Stucco Market |
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Drivers |
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The low maintenance cost and the easy installation of stucco has turned out to be a rising force behind the fastest growing market for Stucco |
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Stringent government regulations to support greenhouse effect propels the Global Stucco Market |
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Low Maintenance and Easy Installation, is also fuelling up the Stucco market. |
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Restraints |
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Rising Preference for New Finished Systems |
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Opportunities |
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Rising new construction activities across North America are expected to foster the market demand |
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Product Advancement with the Use of Insulation Foam |
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Rising usage of advanced recycling technologies |
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Challenges |
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Lack of Awareness and unskilled labours for stucco is the key challenge for the stucco market |
The report also provides in-depth analysis of key market trends
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Trends |
Impact |
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Rapid growth in the global construction industry, coupled with the versatility of stucco that can be applied to concrete, concrete masonry, brick, wood frame, and steel frame are further propelling the market growth. |
Positive |
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2 |
Increasing need for sustainable and energy-efficient building solutions, are contributing to the increasing growth of the stucco market over the next few years |
Positive |
Recent Developments
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The unique insights provided by this report also includes the following: |
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In-depth value chain analysis |
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Opportunity mapping |
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Sector snapshot |
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Key Players Positioning Matrix |
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Regulatory scenario |
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Strategies Adopted-Benchmarking Heat Map |
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Market trends |
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Covid-19 impact analysis |
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Raw material supply analysis |
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Pricing trends |
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Product comparison |
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Pre & Post COVID 19 impact on Stucco Market |
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Competitive Landscape |
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Ecosystem Analysis |
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.
Research Methodology
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