Stucco Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2027
Stratview Research delivers key insights on the global Stucco Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Stucco Market:
BASF SE
California Stucco Products Corp
CEMEX S.A.B. de C.V.
Dryvit Systems Inc.
DuPont de Nemours, Inc.
Omega Products International
Sika AG
Sto Corp
The QUIKRETE Companies
Western Blended Products
Growth drivers and Market Value:
This report, from Stratview Research, studies the Stucco Market value and growth drivers over the trend period of 2022-27. According to the report -
Stucco market is likely to witness a healthy CAGR of 4.3% during the forecast period. The prime factors contributing to the demand for stuccos are rapid industrialization and increasing residential and non-residential construction activities across the globe.
Segment Analysis:
Based on Product Type:
Based on the product type, the market is segmented as traditional and insulated. The traditional segment dominated the market in 2021, whereas the insulated segment is expected to be the faster-growing segment during the forecast period. The larger market share of traditional stuccos is due to their superior properties, such as high strength, resistance to fire, and prolonged durability.
Based on Region:
In terms of regions, Asia-Pacific dominated the market in 2021, owing to the good growth in the residential and non-residential construction sectors in the region. Availability of cheap labor and less stringent norms & standards for safety & environmental compliance are likely to drive the market in this region during the forecast period. China and India are the growth engines of the region.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Stucco Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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