The Stucco Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Stucco Global Market Report 2024, The stucco market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to aesthetic appeal, durability and weather resistance, energy efficiency, historic restoration, cost-effectiveness and fire resistance.

The stucco market size is expected to see strong growth in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expanding construction and renovation activities, historical preservation, growing adoption in commercial and industrial applications, emerging markets and infrastructure development, emergence of new stucco products and technologies. Major trends in the forecast period include innovative textures and finishes, fiber reinforced stucco, customization and color trends, digital tools for design, fire-resistant stucco.

The rapid growth of smart buildings is expected to propel the growth of the stucco market going forward. A smart building is any structure that uses automated processes to automatically control the building’s operations, which include sensors, actuators, and microchips, to collect data and manage. Stucco technology is widely used in smart building construction because it is so durable, and it is relatively inexpensive. For instance, according to the US Department of Energy report, in October 2021 the US government invested $61 million in the development of smart buildings. This project includes ten connected communities containing more than 7,000 buildings with smart controls, sensors, and analytics to reduce energy use, cost, and emissions. Therefore, the rise of smart buildings and smart cities is driving the growth of the stucco market.

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The stucco market covered in this report is segmented –
1) By Type: Traditional, Insulated
2) By Base: Concrete, Masonry, Tile, Other Bases
3) By Material: Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding Agent, Other Materials
4) By Application: Residential, Non Residential

Major companies operating in the stucco market are launching innovative collections such as Kraftizen to increase efficiency in low-voltage solar PV systems. Kraftizen is a collection that offers a large-format stucco material, blending traditional craftsmanship aesthetics with advanced surface technology. For instance, in October 2022, Cosentino Group, a Spain-based company producing and distributing innovative and sustainable surfaces, launched its latest innovation, Kraftizen, a new Dekton collection that merges craft and technology, introducing the first large-format stucco material. This innovative, carbon-neutral surface offers a modern take on the beauty of handcrafted stucco, catering to both indoor and outdoor applications. The Kraftizen collection showcases five versatile colors with rich textures such as Umber, Nacre, Argentium, Micron, and Albarium. This collection is a digital reimagination of traditional craftsmanship, with each trowel stroke captured and transformed into a long-lasting design.

The stucco market report table of contents includes:
1. Executive Summary
2. Stucco Market Characteristics
3. Stucco Market Trends And Strategies
4. Stucco Market - Macro Economic Scenario
5. Global Stucco Market Size and Growth
…..
31. Global Stucco Market Competitive Benchmarking
32. Global Stucco Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Stucco Market
34. Stucco Market Future Outlook and Potential Analysis
35. Appendix

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