Stucco Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the market value of the stucco market size is expected to be valued at USD 11.2 billion in 2022 which is expected to grow at a CAGR of 4.5% over 2022-2028. The primary factors that drive the market are rising urbanization, lifestyle changes, and the wish for enhanced aesthetics in commercial and residential buildings have inspired engineers and architects to modernize the design of concrete constructions appropriate for a variety of usages.

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Concrete to Dominate the Stucco Market:
Based on base type, concrete holds the highest market share. The major factor for the rise of this segment is the longevity, and flexibility of stucco which helps in the finishing of buildings made up of concrete systems including autoclaved aerated concrete, insulating concrete forms (ICFs), and concrete panels. Concrete is becoming more extensively used in the construction of skyscrapers, bridges, and superhighways which can drive the global stucco market growth.

Asia Pacific Stucco Market:
The Asia Pacific leads the global stucco market growth due to, increasing demand for residential and non-residential construction medical instruments and growing demand for new construction and renovation or rehabilitation of the ancient building. The Asia Pacific leads the global market due to the growing number of new housing and huge funds in the non-residential segment. Apart from this, the major factors that drive the market in this region are the less strict rules and standards for environmental and safety obedience, accompanied by the easy accessibility of low-priced labor.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global stucco market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In May 2022, Izolbet was acquired by Holcim to obtain waterproofing, adhesives, polystyrene products and plaster. In August 2021, DK&B Construction Specialties EIFS division and Architectural Coatings Distributors were acquired by Gypsum Management & Supply (GMS) and opened five greenfield locations.

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The stucco market is segmented based on, product type, material type, base, end users, and region.
Based on the product type, the market is segmented into the following:
• Traditional
• Insulated

Based on the material type, the market is segmented into the following:
• Cement
• Aggregates
• Admixture
• Plasticizers
• Reinforcement
• Bonding Agent
• Other Materials (Building Paper and Fiber)

Based on the base type, the market is segmented into the following:
• Concrete
• Masonry
• Tile
• Other Bases (Gypsum Board, Cement Boards, OSB Board, And Plywood)

Based on the end users, the market is segmented into the following:
• Residential
• Non-Residential

Based on the region, the market is segmented into the following:
• Asia Pacific
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the stucco market report are BASF SE, RPM International Inc., Sika AG, Fosroc International Ltd., Mapei S.P.A., GCP Applied Technologies Inc., General Electric (GE), CEMEX S.A.B. De C.V., and Heidelberg.

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