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Global Stucco Market Segmentation, Demand and Supply 2020

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komal waghmare

Summary - A new market study, titled “Global Stucco Market- By Material (Cement, Aggregates, Admixture, Plasticizers, Bonding Agent), By Type (Traditional, Insulated), By Base (Concrete, Masonry, Tile), By End-use (Residential & Non-residential), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027” has been featured on WiseGuyReports.

The Global Stucco market is growing in the wake of environmentally friendly plaster and high durability

The global stucco market has the potential to grow with USD 5.3 billion and with historical CAGR in the forecast period from 2020-2027. The factors driving the market demand for the global stucco market are emerging residential construction in the developing countries, need for eco-friendly plaster with high moisture resistance, and more extended durability.

Stucco is applied to the exterior of a building to protect its underlying structure from water, moisture, and various other environmental pressures. It provides multiple characteristics for the building space; these include enhanced water resistance, hardness, impact resistance, fire resistance, color retention, and smooth exterior decoration.

Also, it has low maintenance costs, is sturdy, versatile, and easy to install. Due to these characteristics, the demand for stucco increases. Another reason driving demand growth is the increase in residential, commercial, and industrial construction activities.

Moreover, the purpose of stucco is not just to serve as a layer of external walls as it reduces the energy required to heat or cool buildings. It is considered a durable wall covering in all climates. It also minimizes the amount of heat emitted in winter and limits the penetration of hot air in summer into buildings.

Also Read: https://wiseguyreports.wordpress.com/2020/07/28/impact-of-covid-19-outbreak-on-stucco-market-2020/

Material overview in the Global Stucco Market

Based on the material, the global Stucco market segmented into Cement, Aggregates, Admixture, Plasticizers, Bonding Agent. The cement segment has captured the highest market value in the worldwide stucco market in the forecast period from 2020-2027. It is mainly owing to tensile strength and durability, coupled with the low maintenance required for exterior decorations. Moreover, the property of stucco cement includes a various chemical that increases its usage in block walls.

Type overview in the Global Stucco Market

Based on the type, the global Stucco market bifurcated into Traditional, Insulated. The insulated segment has the largest market share in the worldwide stucco market. The stucco has the insulation features and has high water resistance property that dries very quickly when applied over foam board. Also, insulated stucco is less prone to cracking when acrylic resin adds to synthetic stucco.

Base overview in the Global Stucco Market

Based on the base, the global Stucco market categorized into Concrete, Masonry, Tile. The masonry segment will capture the largest share in the global stucco market. The stucco siding made up of cement, lime and is used to foam lath and give thickness to it. Moreover, it is used to provide a seamless finish, offers durability, and reliable home exterior.

End-user Overview in the Global Stucco Market

Based on the End-user, the global Stucco market attributed to Residential & Non-residential. The residential segment has dominated the market share for the global stucco market. It mainly owes to increase in the construction or renovation of old buildings and the use of stucco for its cost-effectiveness and high durability.

Region Overview in the Global Stucco Market

Based on geography, the global Stucco market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to hold the largest share of the global stucco market. It is mainly owing to the construction of the residential segment, and the emerging need for alternative material used for development. Moreover, increasing disposable income is propelling the market share of the global stucco market.

Global Stucco Market: Competitive Landscape

Companies such as Sika AG, Cemex, BASF SE, Omega Products International, Dryvit Systems Inc., The Quikrete Companies, Sto Group, E. I DuPont DE Nemours, California Stucco Products Corp., and Western Blended Products and others are key players in the global Stucco market.

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5624527-global-stucco-market-by-material-cement-aggregates-admixture

 

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