Stucco Market Emerging Trends and Strong Application Scope
Development of the construction industry in the emerging countries such as India and China is expected to be the key driving factor of the Global Stucco Market. However, strong competition among manufacturers and fluctuation in prices of raw materials are expected to restrain the growth of the global. On the contrary, factors such as increase in investment in new technologies for stucco preparing machinery and rise in construction activities to cater to the need of growing population are expected to offer lucrative opportunities for market expansion.
Stucco, also called as render or plaster, is a compound material made of sand, cement, lime, and water. Stucco plaster provides advantages such as high strength, prolonged durability, and ability to fight moisture. Another key advantage is that it requires less maintenance, thus serving as an ideal option in the construction industry.
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The global stucco market is segmented on the basis of construction activity, product, insulation type, end use/application, and region. Depending on construction activity, the market is classified into new and renovation construction. By product, it is segregated into traditional three-coat stucco, exterior insulating & finish systems, and newer-one coat stucco. As per insulation type, it is fragmented into insulated siding and non-insulated siding. According to end use/application, it is bifurcated into residential and nonresidential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operation in the global stucco market include BASF SE, SILPRO, Porch.com, Inc., Omega Products International, Parex USA, Inc., Merlex Stucco, LaHabra Stucco, CERTAINTEED, Arcat Inc., DuPont de Nemours, Inc., and JK Lakshmi Cement Ltd. These companies have adopted various strategies such as product launch, R&D, acquisition, merger, product development, partnership, and others to gain a competitive edge in the market.
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KEY BENEFITS FOR STAKEHOLDERS
- The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in the regions have been mapped according to their individual revenue contribution.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The market analysis covers in-depth information of major industry participants.