Stucco Market

Stucco is a cement-based plaster used in the construction sector and is applied over walls and other surfaces inside and outside of buildings. Stucco is made from Portland cement materials, sand, lime, water and a variety of raw materials mixed together to form a plaster. Stucco is applied in a wet form and is used to cover less visually appealing construction materials, including metal, concrete, cinder block, or clay brick and adobe.

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Increasing demand for stucco across residential and commercial infrastructures including buildings, highways, apartments, and skyscrapers owing to their several beneficial properties such as hardness, finishing durability, rot and fungus resistance, low maintenance, fire resistance, color retention, and low cost is a major factor that is driving the growth of the market. Use of stucco as a decorative coating for walls and ceilings, external building siding, and as a sculptural and artistic material in architecture is expected to augment the demand of stucco during the forecast period. Rapid growth in the global construction industry, coupled with the versatility of stucco that can be applied to concrete, concrete masonry, brick, wood frame, and steel frame are further propelling the market growth. Moreover, increasing disposable income levels, continuing economic development, and the growing number of residential and commercial buildings are some of the factors driving the global stucco market. However, stucco is a porous material and doesn’t work well in wet climate and availability of alternative products, including Spraystone and Stone Veneer which is a major factor that will hamper the global stucco market.

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Based on the type, the market is segmented into traditional and insulated. The insulated segment is anticipated to witness a higher CAGR during the forecast period. Insulated stucco offers more energy efficient option that helps in keeping air cooler during the summer and heats the air during the winter due to which it is widely used in the construction of energy efficient buildings. Additionally, it allows to include additional design elements in the exterior like keystones, cornerstones, or other decorative accents, which will further surge the growth of the insulated stucco market.

Based on base, the market is segmented into concrete, masonry, tile, and others. The concrete segment is expected to dominate the stucco market primarily due to the durability and versatility of stucco that helps in providing a great finish to the concrete building systems including concrete panels, insulating concrete forms (ICFs), and autoclaved aerated concrete. Concrete provides an excellent base for the direct application of stucco due to which it is increasingly used in making super-highways, bridges, and skyscrapers.

Based on material, the market is segmented into cement, aggregates, admixture, plasticizers, reinforcement, bonding agent, and others. The cement segment is anticipated to grow at a higher CAGR in the market during the forecast period owing to the increasing use of a wide range of cement, including Portland cement, masonary cement, white Portland cement, blended cement, plastic cement in the making of stucco.

Based on end-use, the market is segmented into residential and non-residential. The residential segment is projected to grow at a higher CAGR during the forecast period. This is attributed to the increasing demand of constructing energy efficient homes, along with the growing construction of buildings in the residential sector across the world. The growing population and rising middle-class population in developing countries are expected to augment the market growth further.

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Based on the region, Asia-Pacific region is anticipated to lead the stucco market during the forecast period due to the rise in per capita disposable incomes, along with the growth in construction activity in developing countries, including India, China, Bangladesh, and Thailand.

Various notable players operating in the global stucco market include The QUIKRETE Companies, Sika AG, Cemex S.A.B. de C.V., BASF SE, DuPont DE Nemours, Omega Products International, Sto SE & Co. KGaA, California Stucco Products Corp., Western Blended Products, and DRyvit among others.

 Key Developments:

• • In 2019, Sika AG completed the acquisition of Parex Group, one of the leading manufacturers of mortars, renders, hard landscaping materials for the construction industry. Parex Group has a strong presence in 23 countries including China, the U.S., France, Argentina, Brazil, Singapore, the UK, and others around the world. With this acquisition, Sika will expand its product portfolio for the building finishing market and further strengthen its geographical reach in the world.
  • In 2019, The QUIKRETE Companies launched a new QUIKRETE FastSet Stucco Patch for making stucco repair easier, faster and more effective. The new FastSet Stucco Patch is a Portland cement-based material that is formulated to restore damaged stucco surfaces and can be textured to match the surrounding stucco profile. This is expected to enhance the product portfolio of the company in the stucco market.
  • In 2018, The QUIKRETE Companies launched QUIKRETE Lightweight Fiberglass Reinforced Stucco (FRS), which is 35 percent lighter than traditional pre-blended stuccos. This stucco is easier and faster to transport, stage, mix, pump, place and finish. This launch of new product is expected to strengthen the stucco product portfolio of the company.

The global stucco market has been segmented on the basis of type, base, material, end-use, and region. Based on the type, the market is segmented into traditional and insulated. Based on base, the market is segmented into concrete, masonry, tiles, and others. Based on material, the market is segmented into cement, aggregates, admixture, plasticizers, reinforcement, bonding agent, and others. Based on end-use, the market is segmented into residential and non-residential.

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Key questions answered in this research report:

• • At what pace is global Stucco market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Stucco market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Stucco market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-users of global Stucco market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Base, By Material, By End-Use, and  By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	The QUIKRETE Companies, Sika AG, Cemex S.A.B. de C.V., BASF SE, DuPont DE Nemours, Omega Products International, Sto SE & Co. KGaA, California Stucco Products Corp., Western Blended Products, and DRyvit among others among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Stucco Market by Type

• • Traditional
  • Insulated

Global Stucco Market by Base

• • Concrete
  • Masonry
  • Tile
  • Others

Global Stucco Market by Material

• • Cement
  • Aggregates
  • Admixture
  • Plasticizers
  • Reinforcement
  • Bonding agent
  • Others

Global Stucco Market by End-Use

• • Residential
  • Non-Residential

Global Stucco Market by Region

• • North America Stucco Market (Option 1: As a part of the free 25% customization)
    • North America Stucco Market by Type
    • North America Stucco Market by Base
    • North America Stucco Market by Material
    • North America Stucco Market by End-Use
    • US Stucco Market All-Up
    • Canada Stucco Market All-Up
  • Europe Stucco Market (Option 2: As a part of the free 25% customization)
    • Europe Stucco Market by Type
    • Europe Stucco Market by Base
    • Europe Stucco Market by Material
    • Europe Stucco Market by End-Use
    • UK Stucco Market All-Up
    • Germany Stucco Market All-Up
    • France Stucco Market All-Up
    • Spain Stucco Market All-Up
    • Rest of Europe Stucco Market All-Up
  • Asia-Pacific Stucco Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Stucco Market by Type
    • Asia-Pacific Stucco Market by Base
    • Asia-Pacific Stucco Market by Material
    • Asia-Pacific Stucco Market by End-Use
    • China Stucco Market All-Up
    • India Stucco Market All-Up
    • Japan Stucco Market All-Up
    • Rest of APAC Stucco Market All-Up
  • RoW Stucco Market (Option 4: As a part of the free 25% customization)
    • RoW Stucco Market by Type
    • RoW Stucco Market by Base
    • RoW Stucco Market by Material
    • RoW Stucco Market by End-Use Industry
    • Brazil Stucco Market All-Up
    • South Africa Stucco Market All-Up
    • Saudi Arabia Stucco Market All-Up
    • UAE Stucco Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Stucco Market All-Up

Global Stucco Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • The QUIKRETE Companies
  • Sika AG 
  • Cemex S.A.B. de C.V.
  • BASF SE
  • DuPont DE Nemours
  • Omega Products International
  • Sto SE & Co. KGaA
  • California Stucco Products Corp.
  • Western Blended Products
  • Dryvit