According to the research report titled ‘Exterior Wall System Market Size By Type (Ventilated, Non-Ventilated), By Material (Vinyl, Fiber Cement, Stucco, Masonry, Wood), By Application (Residential, Commercial, Industrial), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global exterior wall system market is anticipated to grow considerably between 2021-2027.
 

Increasing number of wildfires due to rising temperatures worldwide is a key factor driving global exterior wall system market augmentation. Moreover, fast-paced urbanization and rising population have raised power consumption and resulted in global warming & climate change which will stimulate industry growth.
 

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The report also cites that exterior wall systems offer protection from fire in an affordable manner, in addition to being sustainable in nature, which will aid market proliferation. Citing an example, gypsum separation walls provide noise reduction facility while protecting walls from catching fire for two hours. They are compatible for standardized floor-to-ceiling usage and can also be used in buildings that are four stories high.
 

Based on type, worldwide exterior wall system market sphere is divided into non-ventilated, and ventilated. Speaking of material, the industry is bifurcated into vinyl, stucco, fiber cement, wood, masonry, and others. Moving on to application scope, the business space is fragmented into industrial, residential, and commercial.
 

From regional frame of reference, Middle East & Africa held 5% industry share in the recent past and is anticipated to grow rapidly between 2021-2027, owing to increasing product sales due to growing urban infrastructure development in MEA.
 

Key players profiled in the global exterior wall system industry report are Kronospan, Compagnie de Saint-Gobain S.A., 3A Composites GmbH, The Dow Chemical Company, Toray Industries Inc., LafargeHolcim, Nippon Sheet Glass Co. Ltd., Owens Corning, Sika AG, Boral Limited, USG Corporation, CSR Limited, James Hardie Industries plc, Fletcher Building Limited, and AGC Inc.
 

These companies have undertaken strategic moves such as launch of new products, investments in research & development, partnerships, collaborations, and mergers & acquisitions to increase profits and gain competitive edge.