스투코 시장 보고서 : 건설 활동별, 제품 유형별, 단열 유형별, 최종 용도별, 지역별(2025-2033년)

The global stucco market size reached USD 12.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.39% during 2025-2033. The increasing residential and commercial construction, supportive government infrastructure initiatives, surging renovation and retrofitting projects, and green building practices are primarily driving the market's growth.

Stucco Market Trends:

Rising Spending on Residential Construction

The increasing spending on residential construction is a significant driver of growth in the stucco market. For instance, according to Statista, overall spending on new private residential buildings has increased dramatically over the last decade, rising from US$ 247 Billion in 2011 to US$ 918 Billion by 2022. Stucco's versatility in creating different textures, colors, and finishes makes it attractive for modern housing designs, especially for multi-family housing, apartment complexes, and townhouses. These factors are expected to propel the stucco market in the coming years.

Expanding Green Buildings Material Industry

The growing green building materials industry is significantly propelling the market's growth. For instance, according to IMARC, the global green building materials market size reached US$ 346.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 716.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.18% during 2024-2032. Energy-efficient buildings are a key focus of green building standards like LEED, and stucco's insulating properties make it a favored material for improving building performance in both residential and commercial projects. These factors further positively influence the stucco market forecast.

Government Initiatives

Many governments are investing in affordable housing programs to address housing shortages and meet the needs of growing urban populations. For instance, in July 2024, The Finance Minister of India announced central assistance of Rs 2.2 lakh crore in the budget for 2024-25 to stimulate the creation of affordable housing in metropolitan areas. Stucco is often favored in such projects due to its low cost, durability, and insulating properties, making it an economical solution for large-scale housing developments, thereby boosting the stucco market revenue.

Global Stucco Industry Segmentation:

Breakup by Construction Activity:

• New
• Renovation

According to the stucco market outlook, rapid urbanization and population growth are driving the construction of new residential, commercial, and infrastructure projects. In regions like Asia-Pacific, North America, and Latin America, the need for affordable, durable, and aesthetically pleasing building materials like stucco is increasing. Moreover, renovation projects often involve updating the appearance of older buildings, and stucco is a popular choice for giving buildings a modern and fresh look. Many property owners and developers use stucco to resurface old exteriors and improve the aesthetic appeal of homes, apartments, and commercial buildings, further driving the market's growth.

Breakup by Product:

• Traditional Three-Coat Stucco
• Exterior Insulating and Finish Systems
• Newer-One Coat Stucco

According to the stucco market overview, traditional three-coat stucco is the most durable and widely used method of applying stucco, consisting of a scratch coat, brown coat, and finish coat, which provides strength and longevity. While EIFS (Exterior Insulation and Finish Systems) is a multi-layered synthetic stucco system that includes insulation panels, base coats, and finish coats. EIFS is popular for its energy efficiency and design flexibility. Moreover, one-coat stucco is a more recent development in stucco applications, typically involving a single layer that combines the scratch and brown coats into one. It is faster to apply and less labor-intensive, making it a cost-effective alternative.

Breakup by Insulation Type:

• Insulated Siding
• Non-Insulated Siding

According to the stucco market insights, insulated siding stucco, commonly part of EIFS (Exterior Insulation and Finish Systems), incorporates an insulation layer between the structure and the outer stucco finish. This type of siding is designed to improve the building's energy efficiency by reducing heat transfer. While non-insulated siding stucco refers to traditional stucco systems without an added insulation layer. This type of siding is often used in regions where energy efficiency is not a primary concern, but durability, aesthetics, and cost-effectiveness are prioritized.

Breakup by End Use:

• Residential
• Non-Residential

According to the stucco market highlights, homeowners and developers often prioritize aesthetic appeal in residential construction. Stucco is a popular choice due to its ability to create a variety of textures, colors, and finishes, allowing for a wide range of architectural styles, from traditional to modern. While in non-residential construction, such as commercial buildings, offices, schools, and hospitals, durability is a top priority. Stucco provides a long-lasting exterior finish that can withstand wear and tear, weather, and heavy use without requiring frequent repairs.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

According to the stucco market statistics, stucco is highly valued in North American regions prone to wildfires for its fire-resistant properties. As regulations and building codes increasingly mandate fire-resistant materials, stucco is becoming a preferred exterior finish. While the European Union's stringent energy efficiency regulations are driving the use of EIFS in both residential and commercial buildings. Countries like Germany, France, and the UK are seeing increasing adoption of insulated stucco systems as builders focus on reducing energy consumption and improving building performance, further driving the market's growth.

Competitive Landscape:

The stucco market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• BASF SE
• CEMEX S.A.B. de C.V.
• Dryvit Systems Inc (RPM International Inc.)
• Fosroc International Ltd.
• GCP Applied Technologies Inc.
• General Electric
• HEIDELBERGCEMENT AG
• Mapei S.p.A
• Omega Products International
• Sika AG
• Sto Corp (Stotmeister Beteiligungs GmbH)
• The Dow Chemical Company (Dow Inc.)

Key Questions Answered in This Report:

• How has the global stucco market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global stucco market?
• What are the key regional markets?
• What is the breakup of the market based on the construction activity?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the insulation type?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global stucco market and who are the key players?
• What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Stucco Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Construction Activity

• 6.1 New
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Renovation
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Product

• 7.1 Traditional Three-Coat Stucco
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Exterior Insulating and Finish Systems
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Newer-One Coat Stucco
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast

8 Market Breakup by Insulation Type

• 8.1 Insulated Siding
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Non-Insulated Siding
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by End Use

• 9.1 Residential
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Non-Residential
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 BASF SE
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
    • 15.3.1.4 SWOT Analysis
  • 15.3.2 CEMEX S.A.B. de C.V.
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 Dryvit Systems Inc (RPM International Inc.)
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Fosroc International Ltd.
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
  • 15.3.5 GCP Applied Technologies Inc.
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
  • 15.3.6 General Electric
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
    • 15.3.6.3 Financials
    • 15.3.6.4 SWOT Analysis
  • 15.3.7 HEIDELBERGCEMENT AG
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
  • 15.3.8 Mapei S.p.A
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 Omega Products International
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
  • 15.3.10 Sika AG
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
  • 15.3.11 Sto Corp (Stotmeister Beteiligungs GmbH)
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
    • 15.3.11.3 Financials
  • 15.3.12 The Dow Chemical Company (Dow Inc.)
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio