Stucco Market Synopsis

The global Stucco Market was valued at USD 13.51 billion in 2023 and is likely to reach USD 21.32 billion by 2032, increasing at a CAGR of 5.2% from 2024 to 2032.

Stucco is a cement-type mixture of Portland cement, lime, sand and water. Its ingredients are mixed and applied wet and then dried to form a durable hard surface. Mainly used for the exterior of the home, plaster can also be used as decoration and painted on interior walls and ceilings.

• Gypsum does not need to be mixed with raw materials. You can buy premixed plaster coatings at most home centres that only require you to add water.
• Plaster or stucco is a building material made of aggregates, binder and water. Plaster is applied wet and hardens to a very dense solid. It is used as a decorative coating for walls and ceilings, exterior walls, and as a sculptural and artistic material in architecture. Gypsum can be applied to building materials such as metal, sheet metal, concrete, cinder blocks or clay bricks and adobe for decorative and structural purposes.
• In England, "stucco" sometimes means the outer covering of a building and "plaster" the inner covering. However, as discussed below, the materials themselves often have little or no difference. Other European languages, notably Italian, do not have the same distinction: gipso means plaster in Italian and works for both.
• Traditional plaster is made from lime, sand and water. Modern plaster is made from portland cement, sand and water. Lime is added to increase the permeability and workability of modern plasters. Additives such as acrylic and fiberglass are sometimes added to improve the plaster's structural properties. This is usually done with a single coat plaster system as opposed to the traditional three coat method.
• Lime plaster is a relatively hard material that can be crushed or split by hand without much difficulty. The lime itself is usually white; the colour comes from aggregate or added pigments. Lime block has limited self-healing properties because the lime dissolves in water (in which solution it can deposit in cracks where it solidifies).
• Portland cement plaster is very hard and brittle and can easily crack if the base on which it is applied is not stable. Its colour was usually gray, the natural colour of most portland cement, but white Portland cement is also used. Today's plaster manufacturers offer a very wide range of colours that can be completely mixed with the finish paint.

Stucco Market Trend Analysis

The Expansion of the Construction Sector

• The extension of the development division, particularly within the private and commercial segments, is an imperative calculate within the request for gypsum fabric as an open-air finishing material. With proceeded urbanization and populace development, there's a consistent request for modern private and commercial buildings. Stucco is getting to be a well-known choice for outside wraps up due to its solidness, plan flexibility and ease of utilize. In expansion to unused development, redesign and remodel moreover drive request for bricks. Old buildings are regularly overhauled to move forward aesthetics, vitality productivity or auxiliary astuteness. Stucco offers an arrangement to modernize these structures whereas satisfying distinctive utilitarian needs.
• Structural inclinations shape the request for mortar, who incline towards a minimalist aesthetic, consider mortar a perfect fabric due to its ability to realize an exquisite wrap up. In expansion, stucco's capacity to imitate more costly materials such as stone or brick makes it appealing for accomplishing a craved tasteful inside budget imperatives.
• The notoriety of Stucco shifts from locale to locale and is affected by climate, nearby building conventions and structural styles, among other things. In zones with hot and dry climates, such as the southwestern Joined together States, the protection properties of gypsum and resistance to temperature changes make it very well known. As a result, as development action increases in these locales, the request for bricks as the foremost common outside finishing material moreover increments. Building codes and directions moreover increment the request for bits. Numerous wards have benchmarks for vitality effectiveness, fire security and auxiliary strength that any plaster can meet with the correct separator and added substances. Adherence to these directions assist reinforces stucco's position as the favoured choice for builders and designers looking for both usefulness and administrative compliance.

Opportunities

Green Building Trends

• Sustainable fabric obtainment: Green building hone emphasizes the utilize of feasible and naturally inviting materials amid the development handle. Gypsum producers can seize this opportunity by sourcing crude materials mindfully, such as utilizing reused totals or including normal fixings with less natural affect to their gypsum compounds. In expansion, lessening the carbon impression related with fabric extraction and fabricating forms can be in line with green building standards. Gypsum combined with appropriate separator frameworks can progress the vitality effectiveness of a building by warm cover and decreasing warm exchange. This is often in line with green building objectives, which center on minimizing vitality utilization and advancing maintainable development.
• Stucco producers can create items planned to maximize vitality productivity and meet the necessities of green building benchmarks and certifications such as LEED (Administration in Vitality and Natural Plan). When it comes to green building hones, the need is to form a healthy and comfortable indoor environment for inhabitants. Gypsum details can be balanced to play down the outflow of unstable natural compounds (VOCs), which contribute to indoor discuss contamination and negative wellbeing impacts. Low-VOC or zero-VOC mortar items can contribute to moving forward indoor discuss quality, making strides tenant well-being and assembly green building objectives.
• Green building standards emphasize thought of the end-of-life stage of building materials, counting openings for reuse or reusing. In spite of the fact that gypsum is for the most part not reused in its unique frame, producers can investigate inventive reusing or recuperation techniques for gypsum squander created amid establishment or devastation. By planning mortar frameworks that are simple to expel and supplant without critical squander, the economic advancement of the development industry can be advanced.

Market Segment Analysis:

Market Segmented based on Type, by Base, by Material, by End-Use and region.

By Material, Cement Is Expected to Dominate the Market During the Forecast Period 2024-2032

By Material segmented in Cement, Aggregates, Admixture, Plasticizers, Reinforcement, Bonding agent, others

• Cement acts as the most folio in mortar items. When cement is blended with water and aggregates, it hydrates. It could be a chemical handle that makes a solid bond that holds the mortar blend together and secures it to the substrate. Portland cement, which is basically utilized in mortars, is esteemed for its quality and strength. It gives auxiliary keenness to the mortar surface, permitting it to resist different natural impacts such as wind, rain, temperature variances and physical impacts.
• Cement-based mortar molds offer flexible employments and wraps up. They can be connected to an assortment of substrates counting concrete, stone work, wood and metal, making them suitable for an assortment of development ventures. In expansion, cement mortar can be finished, recoloured or painted to realize the required stylish, making it a flexible choice for both private and commercial applications.
• Portland cement is broadly accessible within the showcase and moderately taken a toll successful compared to elective folios. Its simple accessibility and reasonableness fortify its prevailing position within the mortar showcase, particularly in ranges were taken a toll contemplation intensely impact the choice of materials. Cement-based mortar frameworks have a long history of development and have demonstrated their viability and strength over time. Builders, temporary workers and architects regularly depend on cement-based mortar frameworks since of a long time of encounter and unwavering quality in providing a durable outside.

By End-Use, Residential industry held the largest share 

By End-Use segmented as Residential, Non-Residential

• Stucco contains a wealthy legacy in private engineering, particularly in zones impacted by Mediterranean, Spanish or Southwestern styles. These structural conventions regularly Favor stucco outsides due to their strong properties, tasteful appearance and seamless integration into the generally plan plot. Stucco could be a flexible and outwardly energizing wrap up that can improve the appearance of private buildings. Its flexibility allows for numerous plan choices, counting diverse surfaces, colours and indeed sculptural components, permitting mortgage holders to attain an assortment of building styles from classic to modern.
• Generally considered a cost-effective outside siding choice, stucco may be a tough, low-maintenance wrap up that offers to property holders and builders alike. Its wear resistance diminishes long-term upkeep and repair costs, making it a financially appealing alternative.
• The resistance of stucco to different climate conditions, such as mugginess, UV radiation and temperature vacillations, is especially vital for private buildings. The essential assurance against the components, stucco ensures indoor living spaces and gives consolation and assurance for tenants. Plaster application strategies are well set up and broadly utilized in private development.
• Quality experts skilfully apply mortar to private buildings, which streamlines the development handle and quickens the extend plan, advancing its broad appropriation. Stucco's warm properties contribute to the vitality proficiency of private buildings by shaping a persistent warm obstruction. This makes a difference direct indoor temperature level, decreasing the request on warming and cooling frameworks and eventually leads to long-term vitality reserve funds, which is a critical factor in the intrigued of mortgage holders.

Market Regional Insights: 

North America Region is Expected to Dominate the Market Over the Forecast Period

• Gypsum is well known in regions with hot, dry climates, such as parts of the United States and Mexico. These regions have small precipitation and moo mugginess, which are perfect conditions for mortar application and curing.
• Stucco has been a fundamentally portion of North American design for centuries, impacted by Spanish and South Mediterranean styles. This long convention driven to the far-reaching acknowledgment and joining of stucco into different building styles over the landmass. The North American development industry is solid and there are well-established hones in putting. Builders and temporary workers are commonplace with putting strategies, making it a favored choice for both private and commercial ventures.
• Stucco offers a wide extend of surfaces and colours that permit modelers and property holders to attain diverse stylish impacts. Its flexibility makes it reasonable for conventional and modern plans, expanding its ubiquity in North America. Stucco is esteemed for its toughness and moo upkeep necessities. In ranges subject to extreme climate conditions such as tall winds or temperature changes, stucco gives a defensive, long-lasting outside that request to property holders and builders alike.

Market Top Key Players:

• LafargeHolcim (Switzerland)
• Saint-Gobain (France)
• BASF SE (Germany)
• Sika AG (Switzerland)
• Sto SE & Co. KGaA (Germany)
• RPM International Inc. (United States)
• Parex Group (France)
• Dryvit Systems Inc. (United States)
• PPG Industries (United States)
• Master Builders Solutions (Germany)
• AkzoNobel (Netherlands)
• Terraco Group (United Arab Emirates)
• Omega Products International (United States)
• Merkrete Systems (United States)
• The Quikrete Companies (United States)
• Custom Building Products (United States)
• Tarmac Building Products Ltd (United Kingdom)
• Quickrete (United States)
• Durabond Products Limited (Canada)
• E. I. du Pont de Nemours and Company (DuPont) (United States)
• Adhesive Technologies (Germany)
• Parex USA (United States)
• Boral Limited (Australia)
• HeidelbergCement AG (Germany)
• Dryvit Systems Canada (Canada)
• GCP Applied Technologies Inc. (United States)
• Euclid Chemical (United States)
• American Dryvit Systems (United States) and Other Major Players.

Key Industry Developments in the Market:

• In May 2024, RWC Building Products Expands with Acquisition of New Mexico Plaster and Supply, RWC Building Products is pleased to announce the purchase of New Mexico Plaster and Supply, a premier provider of plaster and concrete supplies headquartered in Albuquerque, New Mexico. This transaction, which takes effect on May 1, 2024, is another strategic expansion for RWC Building Products, after the successful acquisition of Henry Products Inc. (HPI) in 2021.
• In Aug 2023, Karnataka environment minister calls for shut down of illegal Plaster of Paris idol manufacturing unit, Karnataka Forest and Environment Minister Eshwar Khandre told Bengaluru Urban Deputy Commissioner Dayananda KA on Monday to shut a plaster of Paris (PoP) idol manufacturing facility in Kengeri.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. STUCCO MARKET BY TYPE (2017-2030)
   1. STUCCO MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. TRADITIONAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. INSULATED
7. STUCCO MARKET BY BASE (2017-2030)
   1. STUCCO MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CONCRETE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MASONRY
   5. TILE
   6. OTHER BASES (GYPSUM BOARD, CEMENT BOARD, OSB BOARD, AND PLYWOOD)
8. STUCCO MARKET BY MATERIAL (2017-2030)
   1. STUCCO MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CEMENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. AGGREGATES
   5. ADMIXTURE
   6. PLASTICIZERS
   7. REINFORCEMENT
   8. BONDING AGENT AND OTHERS
9. STUCCO MARKET BY END-USE (2017-2030)
   1. STUCCO MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. NON-RESIDENTIAL
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. STUCCO Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. LAFARGEHOLCIM (SWITZERLAND)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. SAINT-GOBAIN (FRANCE)
    4. BASF SE (GERMANY)
    5. SIKA AG (SWITZERLAND)
    6. STO SE & CO. KGAA (GERMANY)
    7. RPM INTERNATIONAL INC. (UNITED STATES)
    8. PAREX GROUP (FRANCE)
    9. DRYVIT SYSTEMS INC. (UNITED STATES)
    10. PPG INDUSTRIES (UNITED STATES)
    11. MASTER BUILDERS SOLUTIONS (GERMANY)
    12. AKZONOBEL (NETHERLANDS)
    13. TERRACO GROUP (UNITED ARAB EMIRATES)
    14. OMEGA PRODUCTS INTERNATIONAL (UNITED STATES)
    15. MERKRETE SYSTEMS (UNITED STATES)
    16. THE QUIKRETE COMPANIES (UNITED STATES)
    17. CUSTOM BUILDING PRODUCTS (UNITED STATES)
    18. TARMAC BUILDING PRODUCTS LTD (UNITED KINGDOM)
    19. QUICKRETE (UNITED STATES)
    20. DURABOND PRODUCTS LIMITED (CANADA)
    21. E. I. DU PONT DE NEMOURS AND COMPANY (DUPONT) (UNITED STATES)
    22. ADHESIVE TECHNOLOGIES (GERMANY)
    23. PAREX USA (UNITED STATES)
    24. BORAL LIMITED (AUSTRALIA)
    25. HEIDELBERGCEMENT AG (GERMANY)
    26. DRYVIT SYSTEMS CANADA (CANADA)
    27. GCP APPLIED TECHNOLOGIES INC. (UNITED STATES)
    28. EUCLID CHEMICAL (UNITED STATES)
    29. AMERICAN DRYVIT SYSTEMS (UNITED STATES)
11. GLOBAL STUCCO MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Base
       5. Historic And Forecasted Market Size By Material
       6. Historic And Forecasted Market Size By End-Use
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies