US Exterior Wall Systems Market Trends

US Exterior Wall Systems Market Overview

US Exterior Wall Systems Market Size was valued at USD 28.2 Billion in 2022. The exterior wall systems industry is projected to grow from USD 30.51 Billion in 2023 to USD 57.318 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). A few key market drivers propelling the growth of the US exterior wall systems market are the rapid rise in construction activity, the increasing inclination towards dry construction techniques, and the growing fascination with green buildings.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Exterior Wall Systems Market Trends

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  Growing Use of Green Buildings with Exterior Wall Systems to Boost the Market Growth

  
  

Green building construction is becoming more and more popular in the United States because of its benefits, which include lower energy consumption and cheaper operating and maintenance costs. To encourage green building, governments all around the nation are enacting new laws and regulations. Furthermore, emerging markets present favorable opportunities for the green building industry due to rising rates of urbanization, industrialization, and economic growth. For instance, 15% of the nation's commercial real estate is owned by the U.S. government, according to the International Finance Corporation. Government facilities that save 20% on water and energy use would have lower utility costs. This sum can be used to improve communities and make life easier for local residents. The use of green social housing would also enable the low-income renters to reduce their utility costs. The need for exterior wall systems in the United States throughout the projected period will therefore be driven by the quick rise in green buildings and the rising use of green cement.

The market for exterior wall systems is primarily being driven by the expansion of the building industry. An important determinant of a nation's economic progress is the expansion of its building sector. Furthermore, the market for exterior wall systems will be driven by a rise in construction activities. Commercial, non-commercial, and residential buildings are emerging as a result of the fast industrial boom. A significant increase has been observed in the building of public facilities (including government buildings), manufacturing plants, stadiums, shopping complexes, office buildings, hotels, public transportation buildings, and other government projects. This will directly affect the requirement for environmentally friendly ornamental building construction methods in these kinds of structures, which is expected to lead to a rise in the market for outside wall systems. Thus, driving the exterior wall systems market revenue.

Exterior Wall Systems Market Segment Insights

Exterior Wall Systems Type Insights

The US Exterior Wall Systems market segmentation, based on type includes Ventilated Façade, Curtain Walls, and Non-ventilated Façade. The curtain walls segment dominated the market mostly. The need for curtain walls has increased as a result of the facilitation of large-scale commercial building development by the growth of real estate.

Figure 1: US Exterior Wall Systems Market, by Type, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Exterior Wall Systems Materials Insights

The US Exterior Wall Systems market segmentation, based on materials, includes Ceramic Tiles, Vinyl, Gypsum/Plasterboard, Glass Panel, EIFS, Fiber Cement, Wood Board, HPL Board, Fiberglass Panel, Bricks & Stone, and Others. The EIFS category generated the most income. The growing demand for heating and cooling services from consumers has resulted in a significant rise in energy usage and associated expenses. According to the U.S. Department of Energy, air infiltration wastes forty percent of the energy used to keep rooms at room temperature in homes and businesses. The cost of the HVAC system is lowered by 50–60% when the EIFS system is used. Thus, the country's segment growth is being driven by the requirement for efficient energy usage.

Exterior Wall Systems End-use Insights

The US Exterior Wall Systems market segmentation, based on end-use, includes Residential and Non-Residential. The residential category generated the most income because of the rise in foreign direct investments and the growth of multinational firms in the nation. Numerous international corporations are erecting state-of-the-art, sustainably designed offices and commercial buildings throughout the nation.

Exterior Wall Systems Country Insights

Over the course of the projection period, the US market is anticipated to rise at a significant rate. The US is a leading player in the market for exterior wall systems, fueled by growing urbanization, active development, and changing architectural styles. This research provides insightful information on the market by highlighting important variables, trends, obstacles, and opportunities. This area has a wide range of temperatures, different construction needs, and a growing need for building solutions that are both visually pleasing and energy-efficient. Moreover, throughout the projection period, the US market is anticipated to increase at a significant rate. Driven by strong construction activity, growing urbanization, and changing architectural trends, the US is a leading player in the market for exterior wall systems. Including important variables, drivers, obstacles, and opportunities, this research provides insightful information on the market. The temperatures in this region are varied, and there is a growing need for building solutions that are both visually pleasing and energy-efficient.

Exterior Wall Systems Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the exterior wall systems market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, exterior wall systems industry must offer cost-effective items.

Major players in the exterior wall systems market are attempting to increase market demand by investing in research and development operations includes PPG Industries, Inc. (U.S.), Owens Corning (U.S.), DuPont (U.S.), Dow (U.S.), AGC Inc. (Japan), Sika AG (Switzerland), 3A Composite Holding AG (Switzerland), Etex Group (Belgium), Evonik Industries AG (Germany), and LafargeHolcim (Switzerland).

Key Companies in the exterior wall systems market include

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  PPG Industries, Inc. (U.S.)

  
  


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  Owens Corning (U.S.)

  
  


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  DuPont (U.S.)

  
  


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  Dow (U.S.)

  
  


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  AGC Inc. (Japan)

  
  

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  Sika AG (Switzerland)

  
  


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  3A Composite Holding AG (Switzerland)

  
  


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  Etex Group (Belgium)

  
  


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  Evonik Industries AG (Germany)

  
  


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  LafargeHolcim (Switzerland)

  
  

Exterior Wall Systems Industry Developments

February 2022: Holcim purchased Malarkey Roofing Products in 2022, with an estimated net sales value of USD 600 million. Malarkey increased Holcim's product offering in the very lucrative residential roofing market in the United States with this acquisition. By speeding up the company's expansion into solutions and products, this acquisition helped Holcim get closer to its objective of achieving net sales of USD 4 billion by 2025.

October 2021: For an undisclosed sum, MaxLife Industries' ArmorWall Business was purchased by DuPont, a US-based chemicals firm that provides exterior wall solutions. By offering a broad range of resilient and sustainable building solutions for interior and exterior walls and technologies, DuPont is able to meet its present and future design and productivity challenges.

Exterior Wall Systems Market Segmentation

Exterior Wall Systems Type Outlook

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  Ventilated Façade

  
  


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  Curtain Walls

  
  


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  Non-ventilated Façade

  
  

Exterior Wall Systems Materials Outlook

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  Ceramic Tiles

  
  


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  Vinyl

  
  


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  Gypsum/Plasterboard

  
  


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  Glass Panel

  
  


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  EIFS

  
  


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  Fiber Cement

  
  


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  Wood Board

  
  


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  HPL Board

  
  


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  Fiberglass Panel

  
  


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  Bricks & Stone

  
  


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  Others

  
  

Exterior Wall Systems End-use Outlook

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  Fresh Fruits and Vegetables

  
  


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  Fast Food Take-Away

  
  


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  Others