Industria
Stucco Market to reach USD 32.75 Bn dominated by Residential Segment - Says Stellar Market Research
The research report from Stellar Market Research offers vital insights into the dynamic Stucco Market landscape. Focused primarily on key players, market segments, business strategies, production complexities, and pricing structures, the report provides a user-friendly and thorough comprehension of market dynamics and pivotal factors shaping industry growth. It methodically examines driving and restraining factors, market trends, costs, shares, supply and demand dynamics, and product analyses. The Stucco market report undergoes rigorous analysis utilizing analytical backgrounds such as SWOT and PESTLE analysis to reveal deeper insights into market dynamics and prospects.
A combination of robust economic conditions, a high volume of construction activity, and the material's long-lasting beauty have made the US stucco market one of the largest in North America . As stucco is an attractive exterior finish material that is weather-resistant and energy-efficient, the U.S. housing market, which sees an average of 1.2 million new houses built each year drives up demand for the material. Additionally, the nation's well-established supply chain ensures a constant supply of quality stucco materials, including major companies like California Stucco Materials Corporation, Omega Products International, and BASF SE. Stucco is becoming a popular material for both new construction and restorations as the UK construction industry experiences an upsurge. For builders and homeowners, stucco is a cost-effective option because its typical production costs in the UK are about £15 per square meter. With over 40% of the population living in urban areas and a 5.5% annual growth rate in buildings, the China stucco market has been growing as a result of urbanization and infrastructural development. In the India stucco market, there is a growing awareness and adoption of sustainable building practices further influencing the industrial trends in the stucco market. The construction industry in India has enormous potential, especially with government programs like the "Housing for All" project, which aims to create affordable houses. Innovative building technology and sustainable construction methods support Japan stucco market. Prominent companies like AkzoNobel, Sika AG, and Nippon Paint Holdings have grown their presence in the region with the help of a strong supply chain and rising raw material imports. This growing trend makes the Asia Pacific Stucco Market attractive for growth.
Preferred for both residential and commercial construction projects, cement stucco is well-known for its durability and adaptability. The low cost of manufacture in comparison to alternative materials enables this large production volume. For large-scale projects, cement-based stucco is a cost-effective option because its production costs range from $50 to $75 per metric ton. In addition, the cost of labor and installation for installing cement stucco is competitive, when compared to other exterior treatments. As it requires less care and is long-lasting, cement-based stucco has a good return on investment. In comparison to other materials, the average cement stucco finish has a 50–80-year lifespan and can save up to 60% on long-term maintenance expenses. Cement stucco performs better since it withstands a wider range of weather, from intense heat to heavy rainfall. It offers better thermal insulation, resulting in up to 30% energy savings on heating and cooling costs. Building performance is very important in areas with harsh weather and this energy efficiency is especially important in these regions.
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
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