Home > HVAC & Construction > Stucco Market
Stucco Market size was valued at around USD 12.5 billion in 2022 and is anticipated to register a CAGR of 4.8% between 2023 and 2032. Stucco offers a visually appealing and customizable finish that enhances the exterior appearance of buildings. Different textures and colors can be achieved to match various architectural styles and design preferences. The aforementioned factors are therefore expected to accelerate market expansion.
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Stucco is known for its durability and resistance to weather elements, such as rain, wind, and sun exposure. Its ability to withstand harsh conditions contributes to its demand, especially in regions with challenging weather patterns. Stucco requires relatively low maintenance compared to other exterior finishes. This attribute is appealing to homeowners and property owners looking for cost-effective and hassle-free solutions.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 12.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4.8% |
2032 Value Projection: | USD 19.9 Billion |
Historical Data for: | 2018 to 2032 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 191 |
Segments covered: | Type, Material, Application, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Stucco, if not properly installed and maintained, can be vulnerable to moisture intrusion, which can lead to mold growth, rot, and structural damage. Stucco is prone to cracking due to structural movement, settling, and temperature changes. Traditional stucco lacks insulation properties, which can affect energy efficiency in buildings. Thus, the risks associated with Stucco may drive down the acceptance rate, further hampering the business growth.
Many construction projects were delayed or halted due to lockdowns and social distancing measures. This directly impacted the demand for stucco as construction activity slowed down. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the stucco market growth.
There is a growing emphasis on sustainable and environmentally friendly construction practices. This has led to the development of more eco-friendly stucco formulations and installation techniques that reduce environmental impact. Exterior Insulation and Finish Systems (EIFS) are gaining popularity due to their energy-efficient properties. These systems combine stucco with an insulating layer, enhancing energy performance and meeting modern building codes.
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Based on type, the traditional stucco segment accounted for over USD 5.6 billion in 2022. Traditional cement stucco is known for its durability and long lifespan, making it a popular choice for both residential and commercial projects. Moreover, an increasing usage will further accelerate the stucco market revenue.
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The cement-based stucco segment captured around 55% of the stucco industry share in 2022. Cement-based stucco is known for its durability and resistance to weather elements, driving demand for long-lasting exterior finishes. Thus, the aforementioned factors are projected to expedite the market growth.
Residential application held a dominant market share in 2022 and is likely to grow at a 4.9% CAGR through 2032. Stucco offers versatile textures and finishes that enhance the curb appeal of homes, driving demand for residential exterior applications. Thus, the high-quality services and growing usage of stucco are anticipated to expedite the stucco market growth.
U.S. dominated the North American region with majority market share and a revenue of USD 5.6 billion in 2022. Stucco's versatility in achieving different textures and finishes aligns with various architectural styles prevalent in North America, from traditional to contemporary. Thus, the above-mentioned variables would augment the Stucco business growth in the North America positively.
Some key participants in the stucco market include Dryvit Systems, Inc., Parex USA, Inc., STO Corp., Omega Products International, BASF SE, Sika AG, LafargeHolcim Ltd., Adex Systems Inc., Master Wall Inc., Total Wall, Terraco Group, Marmoran Coatings, Western Blended Products, El Rey Stucco, Durock Alfacing International Ltd. among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion.
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Market, By Type
Market, By Material
Market, By Application
The above information is provided for the following regions and countries: