Stucco is the newest type of environmentally friendly decoration material. Oxidox stucco retains the most rustic natural raw materials of stucco, a reasonable ratio of higher-grade inorganic coagulation materials. It upgrades the product again to meet the aesthetic needs and functions of modern people. The demand makes plaster solve not only all kinds of problems existing in the existing interior wall materials but also bring a different decoration experience. The benefits of stucco siding include enhanced water resistance, hardness, impact resistance, fire resistance, color retention, and smooth exterior decoration.
The global stucco market has the potential to grow with USD 5.3 billion and with significant CAGR in the forecast period from 2020-2027. The rising demand for sustainable building, emerging desire for non-residential construction, and fueling the market need for energy-efficient business will bolster the market demand for the global stucco market.
Stucco widely used for indoor and outdoor decoration of civil and commercial buildings. Because of its excellent design flexibility and compatibility with other building materials, mortar has become more and more widely used and can also use in buildings of different styles.
Stucco allows consumers and developers to achieve the appearance of European-style buildings very cheaply. Designers, architects, and owners appreciate the design flexibility, natural beauty, and non-fading properties of using stucco and compatibility with other cladding materials. Stucco can be used on flat and curved walls to achieve creative design solutions. Plaster has excellent fire resistance and easy maintenance. It has the characteristics of comprehensive application, convenient construction, excellent crack resistance, strong weather resistance, natural decoration, and excellent anti-fouling and mildew resistance.
Moreover, stucco is a new high-tech building material. As a new inorganic material for interior and exterior wall decoration, it fills in all kinds of innate deficiencies of wall materials such as wall paint, and latex paint. It is seamlessly connected and will not fade. It has no skin, has better physical and chemical properties than wallpaper and other building materials. Stucco has waterproofness of latex paint and the decorativeness of wallpaper along with the environmental protection of diatom mud.
Furthermore, increasingly fierce competition in the building materials market, indoor environmental pollution is also a problem that people urgently need to solve. Now that people’s living environment is deteriorating, more consumers are starting to pay attention to environmental protection and energy-saving modern green building materials. More and more consumers choose stucco, indicating that concrete can meet the consumer demand for more environmentally friendly building materials.
The government rules and regulations on the use of stucco are very flexible, owing to its eco-friendly properties that do not affect the environment. Moreover, stucco has numerous amounts of chemical characteristics that help in eliminating the dust from the standing wall. Therefore, various benefits of stucco demand for its use in construction material is propelling the market.
The rising residential construction demand and use of stucco for decorating the interior of homes is driving the market forces. Also, today’s consumers no longer focus on product price or quality when purchasing products. They pursue a unique experience brought by personalization and customization and are willing to pay a new higher price on this excellent experience. Unlike the unity of latex paint and wallpaper, the trend of stucco always impresses consumers with personalization and customization.
Based on the material, the global Stucco market segmented into Cement, Aggregates, Admixture, Plasticizers, Bonding Agent. The cement segment holds largest share of the market expected to grow at a bolstering rate during the forecast period from 2020-2027. It is mainly owing to features of stucco that is preferred for building material for construction and with minimal maintenance. Stucco is a very thin cement widely used to protect the buildings and often used in interior decorations. Moreover, Aggregates will also fuel the market share of the global stucco market as stucco is applied wet and become extraordinarily harden dense solid.
Based on the type, the global Stucco market bifurcated into Traditional, Insulated. The insulated segment has the largest market share in the global stucco market. It mainly owes to the properties of stucco, which has excellent insulator properties of both warm and cold air. Stucco is generally used for the exterior of the home as it is cost-effective, needs less maintenance, and can be managed easily at a constant temperature. Also, concrete dries quickly and evenly when applying over the foam board. Moreover, the traditional method is also widely used due to its high resistance fire property and the ability to fight moisture and has high strength and more extended durability.
Based on the base, the global Stucco market categorized into Concrete, Masonry, Tile. The masonry segment accounts for the largest share in the global stucco market. It is mainly due to the wake of determining the lath, stucco applied to enhance the thickness and bond of the cement plaster. Stucco used for coating exterior walls and masonry refers to bricks and concrete blocks laid up to make walls.
Based on the End-user, the global Stucco market attributed to Residential & Non-residential. The residential segment holds largest share in the forecast period from 2020-2027 in the global stucco market. The stucco is a relatively thin cement which provides high durability than other materials. Moreover, it is cost-effective and has superior tensile strength that increases its adoption for residential construction.
Based on geography, the global Stucco market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to hold the largest share of the global stucco market. It is mainly owing to the rising residential construction and needs for rehabilitation of the older structure. In addition to it, less stringent rules and regulations for the use of stucco by the government. Moreover, emerging demand for concrete in residential construction and coupled with the availability of cheap labor, is driving the stucco market in the Asia Pacific region.
Companies such as Sika AG, Cemex, BASF SE, Omega Products International, Dryvit Systems Inc., The Quikrete Companies, Sto Group, E. I DuPont DE Nemours, California Stucco Products Corp., and Western Blended Products and others are key players in the global Stucco market.
Middle East & Africa