Stucco Market

Stucco Market Analysis by Traditional Three-coats, Newer One-coat, and Exterior Insulating & Finish Systems from 2023 to 2033

Analysis of Stucco Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Stucco Market Outlook (2023 to 2033)

According to the newly published industry report by Fact.MR, the global stucco market stands at US$ 11.93 billion in 2023. Worldwide demand for stucco is forecasted to expand at a CAGR of 3.7% and reach a market value of US$ 17.20 billion by the end of 2033.

Rising construction activities in residential and non-residential sectors, including apartments, highways, buildings, and skyscrapers are generating demand for stucco owing to its multiple properties such as low maintenance, fungus and rot resistance, low cost, finishing durability, fire resistance, hardness, and color retention, which are attracting customers' attention globally.

Stucco is manufactured by mixing various raw materials, including sand, water, lime, and Portland cement materials. It is used extensively to cover the outside as well as the inside surfaces of ceilings, walls, and floors. It also finds application in the production of moldings, cornices, and various other decorative elements. The requirement for little maintenance makes it more suitable for cold and hot climates.

  • Sales of stucco in Japan are predicted to rise at a CAGR of 1.1% from 2023 to 2033.
  • Worldwide demand for traditional three-coat stucco is projected to increase at 3.4% CAGR and reach a valuation of US$ 4.6 billion by 2033.

Significant growth in the construction industry along with the versatility of stucco in its application to brick, steel frame, wood frame, and concrete masonry is predicted to propel product demand around the world.

An increase in the urban population is leading to the rising demand for different lifestyle-related products, which stimulates growth opportunities in different industries. The construction industry is projected to hold a significant share of the global economy over the coming decade. This growth is further leading to an increase in construction activities that is directly proportional to sales of stucco.

High cost associated with the installation of electronic shelf labels along with the setting of advanced infrastructure, including smart shelves, is predicted to boost expansion opportunities.

The newly published research report by Fact.MR, a market research and competitive intelligence provider, mentions numerous aspects related to the stucco landscape to offer detailed insights to readers. New product launches, a country-level analysis, growth driving factors, key segments, prominent obstacles, and various other similar aspects are published thoroughly in the research report.

Report Attributes Details

Stucco Market Size (2022)

US$ 11.60 Billion

Estimated Market Value (2023)

US$ 11.93 Billion

Projected Market Value (2033)

US$ 17.20 Billion

Global Market Growth Rate (2023 to 2033)

3.7% CAGR

Traditional Three-coat Stucco Segment Value (2033)

US$ 4.6 Billion

Germany Market Growth Rate (2023 to 2033)

1.9% CAGR

United States Market Value (2022)

US$ 3.2 Billion

China Market Value (2033)

US$ 3.5 Billion

Key Companies Profiled

  • Arcant, Inc.
  • California Stucco Products Corporation
  • BASF SE
  • CertainTeed Corporation
  • Merlex Stucco
  • Dow, Inc.
  • Omega Products International
  • DuPont de Nemours, Inc.
  • Parex USA, Inc.

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Which Aspects are Leading to Steady Demand Growth for Stucco?

“Several Customer-friendly Characteristics of Stucco”

Growing demand for stucco in commercial and residential sectors is attributed to its various properties. Fungus and rot resistance, finishing durability, low maintenance, color retention, fire resistance, low cost, and hardness are key features of stucco that are contributing to the rising product demand.

Stucco allows developers and owners to get the final look with a resemblance to European-style buildings at economical prices. Property owners, architects, and designers value stucco designs due to their non-fading properties, natural beauty, and flexibility. In addition, the compatibility of stucco with various other cladding materials is also contributing to its increased demand. It can be applied to flat and curved walls to create some unique design solutions. It is used extensively for different applications, as it has excellent crack resistance, is easy to build, has strong resistance to changing weather and mildew, has anti-fouling properties, and can be used as a natural decoration.

“Expanding Construction Industry across Most Regions”

The construction industry is projected to hold a significant role in the world economy. The increasing population in urban areas along with the expansion of different industries is predicted to positively influence the landscape of stucco. Stucco can be applied easily to concrete masonry, concrete, wood frame, brick, and steel frame.

Significant increase in the disposable incomes of various middle-class consumers is leading to their growing spending capacities on different sorts of products that can improve their standard of living. Improvements in residential buildings require investments, which is predicted to directly influence the demand for stucco.

What are the Strategies Adopted by New Companies Manufacturing Stucco?

“Production of Lightweight and More Sustainable Stucco”

Start-ups are investing at a significant rate in the production of more-efficient stucco. They are trying to manufacture high-quality stucco that can increase their profitability. The newcomers are focusing on producing lightweight and more sustainable stucco, which is comparatively easier to mix, pump, transport, finish, and place.

Stucco Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

Why is the United States a Prominent Stucco Market in North America?

“Increasing Demand for Energy-efficient Buildings in the Country”

Sales of stucco in the United States reached US$ 3.2 billion in 2022. Growing demand for energy-efficient buildings in the country is projected to boost sales of stucco over the coming decade. Stucco sealing ensures the efficiency of insulation, maintaining the stability of indoor temperature and decreasing heat transfer. The United States is well known because of the implementation of various energy-efficient laws and regulations, which are estimated to stimulate the demand for stucco.

An increasing trend of sustainable construction practices and green building certifications is anticipated to impact sales of stucco. The increased adoption of stucco in various types of construction activities, including commercial and residential structures, is contributing to market growth.

Why are Sales of Stucco Expected to Increase Steadily in the United Kingdom?

“Presence of Well-developed Building Sector in the Country”

The United Kingdom market is projected to grow due to the rising number of new construction projects, including commercial and residential. A rapid increase in commercial and housing infrastructure activities in the country is forecasted to bolster sales of stucco. The presence of a well-developed building sector is estimated to boost demand for stucco in the country.

Which Countries in Asia Pacific Will Present Lucrative Opportunities for Stucco Suppliers?

“China, India, and South Korea: Prominent Revenue Generating Markets”

Growing construction activities across emerging markets, including South Korea, China, and India are forecasted to contribute to market growth. The rising disposable income of various people is also predicted to positively influence the market for advanced infrastructure, stimulating sales of stucco. Increasing infrastructure development activities, including buildings, highways, airports, etc., are predicted to offer profitable opportunities for stucco suppliers.

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Category-wise Insights

How is Demand for Traditional Three-coat Stucco Expected to Evolve?

“Water-resistant Features of Traditional Three-coat Stucco Propelling its Demand”

Demand for traditional three-coat stucco is predicted to rise at a CAGR of 3.4% and reach a market value of US$ 4.6 billion by the end of 2033.

Demand for this stucco type is attributed to its feature to offer advantages in wet situations. This base form is comparatively less prone to damage or water. Woodpeckers, dents, and hail are less likely to cause any damage to traditional three-coat stucco.

Conventionally, three coats were used to apply stucco, including the scratch coat, then the brown coat, and finally the finish coat. The final coat generally contains color or pigment and is applied to achieve the texture form.

What is Driving High Demand for Stucco in the Residential Sector?

“Extensive Application of Stucco in Interior & Exterior Walls of Residential Buildings”

A significant share of the total demand is predicted to come from the residential sector. Stucco is employed as a popular choice for interior and exterior walls. It is gaining popularity among homeowners due to its adaptability, low maintenance requirements, and longevity. In addition, it can be customized to get different types of textures and surfaces to improve the aesthetic appeal of homes.

Key Market Players

Key market players are focusing on various strategies, including maintaining product standards, ensuring quality control, strengthening their supply chain management systems, and some other similar outcomes to gain higher profits in the market.

Acquisitions, mergers, etc., are incorporated by players to extend their reach across geographies.

For instance :

  • In 2021, BASF SE acquired Glycosyn, a biotechnology company based in California, that specializes in the development of new molecules for application in the industrial sector. The aim of this acquisition was to expand the product offerings of BASF SE.
  • In 2020, Sika AG announced the acquisition of Modern Waterproofing Group. The latter is a prominent manufacturer of waterproofing and roofing systems in Egypt. This acquisition helped Sika AG to expand its presence in Middle East & Africa region while strengthening its portfolio.

Key players in the stucco market are Arcant, Inc., California Stucco Products Corporation, BASF SE, CertainTeed Corporation, Merlex Stucco, Dow, Inc., Omega Products International, DuPont de Nemours, Inc., and Parex USA, Inc.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Segmentation of Stucco Industry Research

  • By Product :

    • Traditional Three-coat
    • Newer One-coat
    • Exterior Insulating & Finish Systems
  • By Insulation Type :

    • Insulated Siding
    • Non-insulated Siding
  • By End User :

    • Residential
    • Non-residential
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

What is the size of the stucco market in 2023?

The global stucco market stands at US$ 11.93 billion in 2023.

At what CAGR is the demand for stucco predicted to increase from 2023 to 2033?

Worldwide demand for stucco is projected to rise at a CAGR of 3.7% through 2033.

What was the size of the United States market in 2022?

Sales of stucco reached US$ 3.2 billion in the United States in 2022.

What is the forecasted growth rate for traditional three-coat stucco?

Sales of traditional three-coat stucco are forecasted to expand at a CAGR of 3.4% from 2023 to 2033.

What is the expected valuation of the Chinese market for 2033?

Demand for stucco in China is estimated to reach a market value of US$ 3.5 billion by 2033.

What is the projected CAGR of the stucco market in Germany?

The German market is predicted to expand at 1.9% CAGR through 2033.

What is the predicted valuation of the global market by 2033?

The global market for stucco is forecasted to reach US$ 17.20 billion by 2033.

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