EXTERIOR WALL SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Increasing demand for high energy efficient buildings

Due to growing environmental concerns as well as the need to reduce operational costs of buildings, there is a massive surge in demand for green and sustainable construction globally. Buildings today consume around 40% of the total energy globally and are also responsible for nearly 38% of total carbon dioxide emissions. This has necessitated measures to improve building designs and materials that provide better insulation against heat and cold thus lowering energy consumption for heating and cooling. Energy efficient buildings not only cut carbon footprint but also results in huge savings on electricity bills for owners and tenants leading to faster returns on investment.

Stringent new building codes and regulations in countries across regions have elevated the importance of thermal insulation and weather proofing building components. This has opened up opportunities for manufacturers of next generation high performance exterior wall systems. These insulated metal panels, rainscreen panels, and polymeric foam insulated panels offer unmatched thermal resistance along with moisture resistance, durability and longevity over normal wall materials. Particularly for large commercial buildings like offices, malls, hospitals, data centers and industrial units located in regions with hot, cold or wet climates, the operational cost benefits of such premium wall systems are very high.

Additionally, a growing section of discerning home buyers and commercial real estate investors are willing to pay extra for buildings certified as energy star or green rated. This has made sustainable features like energy efficient wall panels extremely sought after in new residential and non-residential construction projects. Developers are also adopting them widely to gain competitive differentiation and access more buyers. With strict norms anticipated on building energy performance, the need for wall materials that enhance energy efficiency is rising rapidly and remains a strong growth driver for the global exterior wall system market in the coming decade.

• Etex Group
• SCG
• Alcoa Corporation
• 3A Composites
• Avient Corporation
• Louisiana-Pacific Corporation
• Nichiha Corporation
• CSR Limited
• CRH
• Cornerstone Building Brands
• Kingspan Group
• Saint-Gobain
• Boral Limited
• James Hardie Industries
• Cemex
• Sika AG
• Rockwool International
• GAF
• Owens Corning
• Häfele