The global exterior wall systems market is expected to register a significant growth in the coming years. This growth is attributed to the rising demand for energy efficient buildings and the increasing government initiatives to reduce carbon footprints. Also, the increasing demand for smart and sustainable buildings has been a key factor in driving the market.
According to a new report published by Allied Market Research, titled, “Exterior Wall Systems Market by Material, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global exterior wall systems market size was $125.8 billion in 2020 and is expected to reach $221.9 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. In 2020, Asia-Pacific region dominated the global exterior wall systems market accounting for 47.0% share of the market.
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Exterior wall systems are used to protect buildings from the elements and offer insulation against heat, cold, sound, and air leakage. These systems are typically made from materials such as brick, stone, metal, wood, and various other composites. The market is segmented into cladding, curtain walls, and unitized systems.
Cladding is the most commonly used exterior wall systems. It is designed to provide a protective layer to the building from the elements. It is available in various finishes and styles, such as stone, brick, metal, and wood.
Curtain walls are lightweight, modular systems that are used to provide insulation and soundproofing. They are easy to install and are available in a variety of materials, including aluminum, steel, and glass.
Unitized systems are prefabricated structures that are designed to be quickly and easily assembled. They are made of different materials, such as aluminum, steel, and glass. They are also available in a variety of finishes and styles, such as stone, brick, and wood.
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The rising demand for energy efficient buildings is expected to be a major driver of the exterior wall systems market. The increasing focus on reducing carbon footprints and the need to maintain indoor air quality has driven the demand for energy efficient buildings. Manufacturers are offering products that are designed to reduce the energy consumption of buildings, thereby reducing the environmental impact of buildings.
The increasing focus on smart and sustainable buildings is also driving the market. Smart buildings offer energy savings and improved occupant comfort, thus leading to increased demand for such buildings. This has led to the increased adoption of exterior wall systems, as they are designed to provide insulation and soundproofing.
The increasing government initiatives to reduce carbon footprints is also expected to be a major driver of the market. Governments have implemented various regulations and incentives to promote the use of energy efficient systems. This has led to the increased adoption of exterior wall systems.
The exterior wall systems market is highly competitive and is dominated by several large players. Major players in the market include Kingspan, Sto, Nudo, and Etex.
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