The Stucco Market size was valued at US$ 12.7 Bn in 2022 and the total revenue is expected to grow at 4.5 % through 2023 to 2029, reaching nearly US$ 17.3 Bn.Stucco Market Overview:
The Stucco is a type of plaster-like construction finish that is made up of cement, limestone, sand, and water. Stucco can be mixed and smeared in numerous coats over a wire base (lath) to provide a durable, cohesive look for the residential facade. It's a good choice for modern building finishes. Furthermore, when compared to other outside coatings on the market, stucco is less expensive, can be placed quickly, and has advantages such as reduced maintenance expense. It is mostly used in the construction. The global construction market is expected to rise to $8 trillion by 2030, as per Oxford Economics, with the United States, India, and China leading the way.To know about the Research Methodology :- Request Free Sample Report 2022 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2029. 2022 is a year of exception and analyzed specially with the impact of lockdown by region.
Stucco Market Dynamics:
The low prices of stucco equated to other plasters & its high flexible strength & durability are likely to rise its further usage for housing construction. This aspect is expected to majorly support the market evolution. Moreover, the high strength, long-lasting durability & moisture resistance characteristics of stucoo will additional growth in its demand through worldwide. The rising developments taking place in the housing & industrial construction area will also push market growth. Furthermore, the new construction & restoration of the older construction along with the growing demand for extra house units are other aspects expected to boost the development of the global market. Additional aspects like the huge investments in the industrial sector, low cost labor availability, less strict safety & environmental standards, etc. will extra supplement the system of construction services & in turn, help the market development. This is a fast rising market owing to the Energy Code becoming more projecting. MMR expect that insulated sidings overall will have a GAGR of 5.8% by 2029. This contains insulated three-coat & the proprietary one-coat stucco systems. It is anticipated during the forecast period, 2/3 of stucco used US will be an insulated system. Owing to verifiable code compliance, one-coat stucco will make up an important portion of the future market. In the forecast period, government attempts to increase infrastructure development in emerging countries are likely to drive product demand. China's most recent impulse to strengthen economic growth has been to remove limitations on the use of proceeds from local government bonds, opening the way for a new surge of infrastructure spending. Local governments can now use the monies obtained as equity capital for critical infrastructure projects around the world. Historically, it was needed to fund the minimum equity ratio requirement, which was typically 20.0 % to 30.0 % of the overall project investment. However, High expenses associated with installing electronic shelf labels and setting up infrastructure including such smart shelves, on the other hand, may hamper industry expansion in the coming decades.COVID-19 Impact Analysis:
The epidemic of COVID-19 has had a major impact on the stucco business. The product's demand is dwindling in many end-use sectors, global supply chains are disrupted, and the economic order of manufacturers/producers has shifted. The global construction materials business has entered an overstock situation due to a lack of demand caused by a drop in construction activity. Travel restrictions seems to be a direct and immediate consequence, and it is believed that things will bounce back again when the mandatory social isolation ceases.Construction industry will drive stucco market:
The construction Industry is one of the major in the world economy, with about $10 trillion expended on construction-related things & services every year. Though, the industry’s efficiency has straggled that of other industries for last few years, & there is a $1.6 trillion chance to close the gap. Globally, construction segment labor-productivity development averaged 1 % a year over the last two decades, equated with 2.8 % for the total global economy & 3.6 % for manufacturing. For example of nations analyzed, less than 25 % of construction companies matched the output progress attained in the total economies where they work over the last decade. International requirement for infrastructure & housing will be tough to meet. If construction efficiency were to catch up with the entire economy, the production’s value added could increase by $1.6 trillion a year. That would meet about half of the world’s annual infrastructure requirements or boost total GDP by 2 %. One third of the chance is in the US, where, since 1945, output in manufacturing, retail, & agriculture has matured by as much as 1,500 %.Stucco Market Segment Analysis:
The global Stucco Market is segmented by Product Type, Insulation Type and End-User. Based on the Product Type, the global market is segmented into Traditional Three-coat Stucco, Exterior insulating & Finish Systems, and Newer-one Coat Stucco. The traditional three-coat stucco held the largest market share of xx% in 2022. Because this form of base is less prone to absorb water/be damaged by it than other base types, it provides advantages in wetter situations. Hail, dents, and woodpeckers are less likely to damage traditional stucco. However, the exterior insulating & finish systems is expected to grow at a higher CAGR of 5.4 % in the global market during the forecast period. Based on the End-User, the global market is segmented into Residential and Non-Residential. The residential segment is expected to hold the largest market share of 69.8% in 2022. The increase in popularity for residential constructions is largely responsible for such a prevalence. Also, as people's disposable incomes improve in the region, there is a desire for higher-quality residential buildings, which is driving the global stucco sector forward. In the next years, there will be a rise in development of residential buildings due to increasing population growth. However, the non-residential segment is expected to grow at a higher CAGR of 6.1% in the global Stucco market during the forecast period 2023-2029. In the forecast period, many beneficial government measures to encourage infrastructure projects are estimated to fuel market demand.Stucco Market Regional Insights:
Asia Pacific dominates the global market during the forecast period 2023-2029. Asia Pacific is expected to grow at a higher CAGR of 5.3% in the global market during the forecast period 2023-2029. This industry in this region is driven by the demand for new building as well as the upgrading or repair of older facilities. A surge in the number of new housing units and substantial investments in the non-residential business are also driving demand for stucco in this region. Furthermore, the region's laxer safety and environmental requirements, as well as the mere availability of cheap labour, are enticing multinational corporations from a variety of industries to establish manufacturing units. These factors lead to the rising demand for stucco in the region. While, North America held the second largest market share in 2022 and also it is expected to grow at a higher CAGR of 3.2% in the global market throughout the forecast period. The construction business contributes significantly to the US economy. The sector employs approximately 680,000 people and creates approximately USD 1.300 trillion in revenues each year. Mining, manufacturing, and a variety of other businesses all cater to the construction industry. Also, Europe is expected to grow at a higher CAGR of 3.5 % in the global market over the forecast period. The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Market dynamic, structure by analyzing the market segments and project the global Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Market make the report investor’s guide.Stucco Market Scope: Inquire before buying
Stucco Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 12.7 Bn. Forecast Period 2023 to 2029 CAGR: 4.5% Market Size in 2029: US $ 17.3 Bn. Segments Covered: by Product Type Independence Support Robots Daily Care & Transportation Robots Autonomous Mobile Robots by Insulation Type Insulated siding Non-insulated siding by End-User Hospitals & Clinics Senior Care Facilities Homecare Settings Stucco Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Stucco Market Key Players
1 BASF SE 2 Parex Inc. 3 Merlex Stucco 4 LaHabra Stucco 5 CertainTeed Corporation 6 Arcat Inc. 7 California Stucco Products Corporation 8 Integrated Stucco Inc. 9 Omega Products 10 E. I. du Pont 11 RPM International Inc. 12 Sika AG 13 Fosroc International Ltd. 14 Mapei S.p.A. 15 GCP Applied Technologies Inc. 16 General Electric (GE) 17 Heidelberg Frequently Asked Questions: 1. Which region has the largest share in Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Market? Ans: The Global Stucco Market is growing at a CAGR of 4.5% during forecasting period 2023-2029. 3. What is scope of the market report? Ans: Global Stucco Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Stucco Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Stucco Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Stucco Market 3.4. Geographical Snapshot of the Stucco Market , By Manufacturer share 4. Global Stucco Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Stucco Market 5. Supply Side and Demand Side Indicators 6. Global Stucco Market Analysis and Forecast, 2022-2029 6.1. Global Stucco Market Size & Y-o-Y Growth Analysis. 7. Global Stucco Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Independence Support Robots 7.1.2. Daily Care & Transportation Robots 7.1.3. Autonomous Mobile Robots 7.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 7.2.1. Hospitals & Clinics 7.2.2. Senior Care Facilities 7.2.3. Homecare Settings 8. Global Stucco Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Stucco Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Independence Support Robots 9.1.2. Daily Care & Transportation Robots 9.1.3. Autonomous Mobile Robots 9.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 9.2.1. Hospitals & Clinics 9.2.2. Senior Care Facilities 9.2.3. Homecare Settings 10. North America Stucco Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Stucco Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 12. Canada Stucco Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 13. Mexico Stucco Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 14. Europe Stucco Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 15. Europe Stucco Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Stucco Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 17. France Stucco Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 18. Germany Stucco Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 19. Italy Stucco Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 20. Spain Stucco Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 21. Sweden Stucco Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 22. CIS Countries Stucco Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 23. Rest of Europe Stucco Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 24. Asia Pacific Stucco Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 25. Asia Pacific Stucco Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Stucco Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 27. India Stucco Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 28. Japan Stucco Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 29. South Korea Stucco Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 30. Australia Stucco Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 31. ASEAN Stucco Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 32. Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 33. Middle East Africa Stucco Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 34. Middle East Africa Stucco Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Stucco Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 36. GCC Countries Stucco Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 37. Egypt Stucco Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 38. Nigeria Stucco Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 39. Rest of ME&A Stucco Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 40. South America Stucco Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 41. South America Stucco Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Stucco Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 43. Argentina Stucco Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 44. Rest of South America Stucco Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End-User, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Stucco Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hstar Technologies 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Diligent Robotics 45.3.3. Toyota Motor Corporation 45.3.4. RIKEN-SRK 45.3.5. SoftBank Robotics 45.3.6. Panasonic 45.3.7. Fraunhofer IPA 45.3.8. Aethon 45.3.9. Hitachi 45.3.10. JoiceCare AB 45.3.11. Georgia Tech 45.3.12. GeckoSystems International Corporation 45.3.13. Human-Interactive Robot Research 46. Primary Key Insights