North America set to emerge as a flourishing hub for exterior wall system market through 2027

Increasing quality of life and rising per capita income in North America are poised to impel the growth of the exterior wall system industry size through the ensuing years. Recognizing this, numerous apartment developers are looking for expansion in secondary as well as suburban markets.

The increasing trend of nuclear families has instigated developers in the repeated construction of flats, apartments, and societies, limiting their capability to offer best furnished facilities within minimum constraints. Therefore, the development of sustainable and innovative materials is encouraging consumers (particularly in the U.S.) to renovate/rebuild buildings.

In addition, North America is also witnessing the increasing adoption of latest technologies comprising electrochromic glazing. This technology includes the alteration of light transmission properties upon application of heat, voltage, or light.

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Taking these developments a step ahead, numerous industry players are focusing on the introduction of novel products that are integrated with innovative technologies. To cite an instance, in September 2020, Elemex launched a new and revolutionary solar façade system, dubbed Solstex. The system allows architects to incorporate lightweight solar panels into the exterior walls of a building for the generation of renewable energy.

Realizing that similar advancements are expected to boost the demand for the product in the near future, a recent research by Global Market Insights, Inc., estimates the exterior wall system market size to surpass USD 390 million through 2027.

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This growth is attributed to the various advantages of the incorporation of vinyl materials in exterior walls. These benefits comprise better weathering, advanced aesthetic value, and non-fading characteristics. In addition, vinyl materials also offer improved resistance to rotting, peeling, blistering, corroding, chipping, cracking, and excessive fading. These factors make the material more apt for exterior wall applications and are the major reason for the segment to account for a commendable share of 20% in the exterior wall system market.

Growing inclination towards non-ventilated exterior wall systems

Non-ventilated exterior wall systems market is expected to record a remarkable CAGR of 7.5% between 2021 and 2027. This upsurge is due to the rich aesthetics of these systems and the advantages of high-quality insulation, slimmer design, and noise damping property.

The surging requirement for enhancing the energy efficiency of buildings is expected to escalate the demand for exterior wall claddings. The business is set to witness robust growth in commercial as well as industrial infrastructure applications through 2027.

How will the rising demand for industrial building boost exterior wall system market landscape?

A rise in the number of industrial construction as well as infrastructure projects across emerging economies is likely to propel the demand for exterior wall systems in the sector of industrial building. The segment is estimated to register a lucrative CAGR of 7.7% between 2021 and 2027.

The industry is also witnessing an increase in the inflow of FDI in developing countries. Not to mention, rising standardization in the building and construction industry is poised to impel exterior wall system market growth through 2027. Citing an instance, the European Union is actively implementing policies for the reinforcement of economic ties with developing economies, especially in Africa, where the needs of infrastructure are high.

Overall, rising government regulations and initiatives that support the construction of green buildings will escalate exterior wall system market size through the projected period.

Report Content

Chapter 1 Methodology and Scope

1.1 Market definitions

1.2 Base estimation & working

1.2.1 North America

1.2.2 Europe

1.2.3 APAC

1.2.4 LATAM

1.2.5 MEA

1.3 Forecast calculation

1.3.1 COVID-19 impact calculations on industry forecast

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Exterior wall system market 360° synopsis, 2017 – 2027

2.1.1 Business trends

2.1.2 Type trends

2.1.3 Material trends

2.1.4 Application trends

2.1.5 Regional trends

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