North America Stucco Market by Material (Cement, Aggregates, Admixture, Plasticizers, Bonding Agent), Product (Traditional Three-coat Stucco, Exterior Insulating & Finish Systems, and Newer-one Coat Stucco), Base (Concrete, Masonry, Tile), Insulation Type (Insulated Siding and Non-insulated Siding), and End Use (Residential and Non-residential), Opportunity Analysis and Industry Forecast, 2016–2026

Date : Mar 2021

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Report ID : 62

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Category : Construction Materials

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Report Format:  PDF EXCEL PPT WORD

Report Overview

The North America stucco market size is projected to grow from USD 3,058.3 billion in 2019 to USD 3,890.3 billion by 2026, at a CAGR of 3.5 % from 2019 to 2024. 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.

North America Stucco Market

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

  • Cement
  • Aggregates
  • Admixture
  • Plasticizers
  • Bonding Agent

Stucco Market by Product

  • Traditional Three-coat Stucco
  • Exterior Insulating & Finish Systems
  • Newer-one Coat Stucco

Stucco Market by Base

  • Concrete
  • Masonry
  • Tile

Stucco Market by Insulation Type

  • Insulated Siding
  • Non-Insulated Siding

Stucco Market by End-Use

  • Residential
  • Non-Residential

By North America

  • U.S.
  • Canada

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:

  • Cemex
  • Quikrete Companies
  • BASF SE
  • Sika AG
  • Omega Products International
  • Dryvit Systems Inc.
  • California Stucco Products Corp.
  • STO Group
  • Dupont
  • Western Blended Products
  • Other Major Players

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

Snapshot of Drivers, Restraints, Opportunities and Challenges of Stucco Market

Drivers

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

Stringent government regulations to support greenhouse effect propels the Global Stucco Market

Low Maintenance and Easy Installation, is also fuelling up the Stucco market.

Restraints

Rising Preference for New Finished Systems

Opportunities

Rising new construction activities across North America are expected to foster the market demand

Product Advancement with the Use of Insulation Foam                  

Rising usage of advanced recycling technologies

Challenges

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

 

Trends

Impact

1

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

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

The report also provides in-depth analysis of recent News Developments and Investments

 

News and Developments in the Stucco Market

1

In May 2019, Sika AG has acquired Parex Group (US), one of the leading manufacturers in the construction industry. The key markets of the Parex Group include China, the US, France, Argentina, Brazil, Singapore, the UK, and Australia. The acquisition is expected to expand Sika’s presence across the globe and will use Parex’s technologies and its distribution channels for business growth.

 

2

In March 2019, Quikrete launched its new FastSet Stucco Patch, which makes stucco repair easier, faster, and more effective. Designed for full-depth and thin repairs, Quikrete FastSet Stucco Patch is a Portland cement-based material formulated to restore damaged stucco surfaces.

3

In January 2018, Quikrete has launched its Lightweight Fiberglass Reinforced Stucco (FRS), which is the industry’s lightest, most sustainable stucco. It helps in maximising the jobsite productivity and profitability. It is 35% lighter than traditional pre-blended stucco, making it faster and easier to transport, stage, mix, pump, place, and finish.

 

The unique insights provided by this report also includes the following:

1

In-depth value chain analysis

2

Opportunity mapping

3

Sector snapshot

4

Key Players Positioning Matrix

5

Regulatory scenario

6

Strategies Adopted-Benchmarking Heat Map

7

Market trends

8

Covid-19 impact analysis

9

Raw material supply analysis

10

Pricing trends

11

Product comparison

12

Pre & Post COVID 19 impact on Stucco Market

13

Competitive Landscape

14

Ecosystem Analysis

Author Credentials

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.

  • Section 1: Introduction
    • Engagement Objective
    • Scope of the Study: Segmentation 
    • Timeframe, Currency and Limitations
  • Section 2: Research Methodology
    • 3P Research Approach
    • Market Sizing Approach
    • Data Sources
    • Primary Research Coverage
  • Section 3: Executive Summary
    • North America Market Summary
    • Market Snapshot
    • Country Snapshot
  • Section 4: Premium Insights
    • Key Trend Analysis
    • Major Investment Scenario
    • New revenue Pockets
    • Pain Point Analysis
    • Price Trend Analysis
    • Strategies Adopted-Benchmarking Heat Map
    • Regulatory Implications & Standards and Building Codes
    • Business Recommendations
      • Opportunity Mapping
    • PESTEL Analysis
    • Market Positioning Matrix
    • Ecosystem Analysis
  • Section 5: Market Overview & Competitive Landscape
    • Competitive Landscape
    • Investment Scenario by key Players
    • Key Player Overview
    • Product comparison
    • Competitive Benchmarking
    • Player Wise Geographic Presence
    • Player Wise Target Customer Segment
    • Recent News
      • Product Launches & upgrades
      • R&D / Innovation
      • Merger & Acquisition
      • JV & Partnership
      • Recognition and others
  • Section 6: Market Size and Share Analysis
    • North America Market Size & Historic Growth
    • Market Size by Player Category
    • Market Size by Material
      • Cement
      • Aggregates
      • Admixtures
      • Plasticizers
      • Reinforcements
      • Bonding Agents
      • Others
    • Market Size by Base
      • Concrete
      • Masonry
      • Tile
      • Others
    • Market Size by Type
      • Traditional three-coat Stucco
      • Newer one-coat Stucco
      • Exterior Insulating and Finish Systems (EIFS)
    • Market Size by Insulation Type
      • Insulated Sliding
      • Non-Insulated Sliding
    • Market Size by End-Use
      • Residential
      • Non-Residential
        • Industrial Building
        • Commercial Building
        • Other Non-Residential Buildings
  • Section 7: Market Dynamics
    • DROC Impact Analysis
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Section 9: North America Market Analysis
    • Market Analysis by Value and Volume
    • U.S.
    • Canada
  • Section 10: Future Forecast & Impact of COVID-19
    • Key Drivers & Anticipated Revival Period
    • Key Trends Analysis
    • Impact on End user Industry
    • Opportunity Analysis
    • Pre & Post COVID 19 impact
    • End-Use Specific COVID-19 Impact
    • Key Factor Analysis
  • Section 11: Company Profile
    • Cemex
    • Quikrete Companies
    • BASF SE
    • Sika AG
    • Omega Products International
    • Dryvit Systems Inc.
    • California Stucco Products Corp.
    • STO Group
    • Dupont
    • Western Blended Products
    • Other Notable Players
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