Global Stucco Market Size By Insulation Type, By Product Type, By End User, By Geographic Scope And Forecast
Stucco Market Size And Forecast
Stucco Market was valued at USD 10.83 Billion in 2019 and is projected to reach USD 15.22 Billion by 2027, growing at a CAGR of 4.32% from 2020 to 2027.
Global Stucco Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Stucco is a hard, durable and fire resistant material which makes it reliable to be used in long-term construction plans with close to little or no maintenance.
With these qualities Stucco is widely used in the Construction Market. According to Oxford Economics, the Global Construction Market is to grow $8 trillion by 2030 with USA, India and China leading the way. Hence, this plays a pivotal role in the growth of the Global Stucco Market in the forecast period. The high demand for Stucco can also be attributed to its architectural use, since it adds value to aesthetics.
A major setback for the Stucco Market is that stucco does not hold well in wet environments. So, in regions where there is humidity, stucco is not the best option as it forms cracks in walls and needs maintenance.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Stucco Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Stucco Market Competitive Landscape
The Global Stucco Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cemex, Western Blended Products, BASF SE, Sika AG, Sto Ltd., Parex Inc and DuPont de Nemours Inc.
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