According to a newly published report by Fact.MR, a market research and competitive intelligence provider, the global Stucco Market is valued at US$ 11.93 billion in 2023 and is expected to grow at a CAGR of 3.7% through 2033. This growth is largely driven by the increasing demand for stucco, which is closely linked to the significant expansion in both residential and non-residential construction worldwide.

Stucco plaster has gained popularity for its ability to deliver an excellent surface finish. It is also relatively cost-effective and requires minimal maintenance. Additionally, once hardened, stucco offers key advantages, such as strength, fire resistance, and long-lasting color retention, making it a preferred choice in construction projects.

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Additionally, stucco is breathable and capable of managing moisture. If water penetrates the plastered surface, it is not trapped, making the material resistant to rot and fungus. This feature allows stucco to withstand various climates, including cold, dry, hot, and wet conditions.

Stucco is created by mixing raw materials such as water, sand, lime, and Portland cement. It is widely used to cover both exterior and interior surfaces, including floors, ceilings, and walls. Beyond its functional uses, stucco is also employed in creating moldings, cornices, and other decorative architectural elements.

Key Takeaways from Market Study

The global stucco market reached a size of US$ 11.60 billion in 2022.
Global demand for stucco is estimated at US$ 11.93 billion in 2023.
Sales of stucco are projected to rise at a CAGR of 3.7% from 2023 to 2033.
Demand for stucco is set to reach a market valuation of US$ 17.20 billion by the end of 2033.
Sales of traditional three-coat stucco are predicted to expand at a CAGR of 3.4% and reach US$ 4.6 billion by 2033.
The United States market was valued at US$ 3.2 billion in 2022.
The stucco market in China is estimated to reach US$ 3.5 billion by 2033.
Demand for stucco in Germany is forecasted to increase at a sluggish CAGR of 1.9% through 2033.
Sales of stucco in Japan are projected to advance at a slow CAGR of 1.1% from 2023 to 2033.
“Rapid growth of the global construction industry along with the versatility of stucco is predicted to contribute to lucrative opportunities for players in the market,” says a Fact.MR analyst.

Rapid Growth in Commercial and Residential Infrastructure

The global rise in residential and commercial infrastructure projects, including the construction of skyscrapers, apartments, highways, and buildings, is driving the demand for stucco. Its popularity in construction is due to several key properties, including durability, resistance to fungus and rot, fire resistance, low maintenance requirements, color retention, and hardness. Additionally, stucco’s affordability makes it an attractive option for various construction applications, further boosting its demand in the expanding infrastructure sector.

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Winning Strategies

Key players in the stucco market are leveraging mergers, acquisitions, and new product launches to gain a competitive advantage.

For example:

In May 2019, Sika AG acquired Parex Group, a major player in the construction industry based in France. Parex operates in key markets such as Australia, the United Kingdom, Singapore, Brazil, Argentina, the United States, and China. This acquisition is expected to strengthen Sika AG's market position by utilizing Parex's distribution channels and advanced technologies.
In March 2019, Quikrete introduced the FastSet Stucco Patch, a cement-based product designed to make stucco repairs faster, more efficient, and easier. This innovative product is formulated specifically for restoring damaged stucco surfaces.
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. are some prominent suppliers of stucco.

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United States Leads the North American Stucco Market

In 2022, stucco sales in the United States reached $3.2 billion, driven by the growing demand for energy-efficient buildings. Stucco's sealing properties enhance insulation, helping maintain stable indoor temperatures and reducing heat transfer, making it an ideal material for energy-conscious construction. The U.S. is known for its stringent energy-efficiency regulations, which are expected to further boost stucco demand.

The rise in sustainable construction practices and the pursuit of green building certifications are also positively impacting stucco sales. Its increased application in various projects, from residential to commercial structures, is fueling the market’s growth in the U.S.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the stucco market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights into the market based on product (traditional three-coat, newer one-coat, exterior insulating & finish systems), insulation type (insulated siding, non-insulated siding), and end user (residential, non-residential), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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