PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462882
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462882
Global Exterior Wall Systems Market is valued at approximately USD 140.35 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.60% over the forecast period 2023-2030. Exterior wall systems refer to the structures and materials used to construct the outer walls of buildings. These systems are crucial for providing protection against weather elements, insulating the building, and contributing to its overall aesthetic appearance. Moreover, the increasing urbanization, growing focus on energy efficiency, increasing awareness of sustainable construction, and increase in industrial, commercial, and residential construction activities are anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Additionally, with increasing urbanization and population growth, there is a rising demand for residential, commercial, and industrial infrastructure. This drives the need for efficient and aesthetically pleasing exterior wall systems to meet the construction requirements. According to The World Bank, in 2020, or approximately 4.38 billion people that are around 55% of the world's population were living in the urban areas. In addition, it is predicted that by 2045, there are around 6 million people living in cities, an increase of 1.5 times annually. Moreover, the increasing demand for green buildings, and growing investment in infrastructural projects in developing economies is anticipated to create the lucrative opportunity for the market. However, the government regulations on carbon emissions, and high production cost & capital investment stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Exterior Wall Systems Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising construction activities, stringent building codes and regulations, advancements in building technologies, and growing demand for green buildings. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rapid urbanization and construction activities, increasing infrastructure investments, and stringent building regulations and sustainability initiatives in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable