The exterior wall systems size is expected to grow from USD 186.02 Billion in 2017 to USD 278.82 Billion by 2022, at a CAGR of 8.43%. This market is witnessing considerable growth due to advancements in material technology and the high efficiency of these walls in building facade systems. The growing demand from commercial, residential, and industrial buildings, along with global environment concerns and their legal implications are the key factors fueling the growth of the exterior wall systems market.
The report “Exterior Wall Systems Market by Type (Ventilated, Non-Ventilated, and Curtain Wall), Material (Glass Panel, Metal Panel, Plaster Boards), End-Use (Commercial, Residential, and Industrial), and Region – Global Forecast to 2022″
The report aims at estimating the market size and future growth potential of the exterior wall systems market across different segments material, type, end-use sector, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, prospects, and contribution of the various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of the competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
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Top Industry Players analyzed in this research are: Nippon Sheet Glass (Japan), Saint-Gobain (France), Asahi Glass (AGC) (Japan), Alcoa Corporation (US), PPG Industries (US), 3A Composites (Switzerland), Sika (Switzerland), Etex (Belgium), and Owens Corning (US).
The research methodology used to estimate and forecast the exterior wall systems market begins with capturing data on key vendor revenues through secondary research and associations such as the Environmental Protection Agency (EPA), India Brand Equity Foundation (IBEF), CIB (International Council for Research and Innovation in Building and Construction). Vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global exterior wall systems market from the revenues of key players.
On the basis of material, the exterior wall systems market is segmented into glass panels, ceramic tiles, vinyl, metal panels, bricks & stones, fiber cement, gypsum/plasterboard, EIFS, wood boards, fiber glass panel, HPL boards, and others which include (magnesium oxide board and cement boards). The glass panel segment is projected to grow at the highest CAGR from 2017 to 2022. The dominant market position of this segment can be attributed to the rising demand for high-performance and value-added glass panels.
The exterior wall systems market, by type, is segmented into ventilated façade, curtain wall, and non-ventilated façade. The curtain wall segment is projected to grow at highest CAGR during the forecast period. The growing demand for curtain wall is attributed to factors such as the reduced construction time they offer as the duration of the fabrication processes is shorter. Curtain walls also provide protection from harsh weather conditions, while reducing the damage caused by natural calamities such as earthquakes.
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