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The global exterior sheathing market reached a value of US$ 7.3 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 9.6 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Sheathing refers to a panel or board material which is used in walls, roofs and floor assemblies. It is attached to the external framing as an underlayment of various exterior siding materials such as wood, metal or vinyl siding, masonry veneer, stucco and shingles. There are two types of sheathing, namely, structural sheathing which offers additional strength to the frame structure, and non-structural sheathing that provides insulation and increases the R-value of the building. Nowadays, manufacturers are employing advanced sheathing materials which maximize space for cavity insulation and minimize the potential for insulation. These sheathing panels also provide strength, rigidity, shear resistance and form a nailing base for the siding.
Rapid expansion in the urban infrastructure sector, due to the rising population and the substantial recovery from the economic recession, has led to an increase in construction activities, particularly in emerging economies like Africa and Asia. As a result, these materials like wood fiber panels and foam (insulating materials) are increasingly being used in these regions for construction as they are cost-effective and meet the energy code requirements. Along with this, the development of more efficient building technologies, such as automated production and installation processes, have created a direct impact on the dynamics of the construction industry. Besides this, with the rising environmental concerns, constructors are shifting toward green construction materials in order to reduce their carbon footprint, thereby creating a positive demand for exterior sheathing materials. Besides this, they are manufacturing exterior sheathing with water-resistant and wax-treated materials which offer a protective covering from harsh weather and external elements.
IMARC Group provides an analysis of the key trends in each sub-segment of the global exterior sheathing market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on sheathing type, application and end use.
Breakup by Sheathing Type:
Based on the sheathing type, structural sheathing currently dominates the market, holding the largest market share.
Breakup by Application:
Amongst these, walls represent the largest application segment, accounting for the majority of the market share.
Breakup by End Use:
Based on the end use, the commercial sector enjoys the leading position in the global market.
Region-wise, North America exhibits a clear dominance in the market due to the improvement and repair activities in the region.
The report has also analyzed the competitive landscape of the industry, providing the detailed profiles of the key players operating in it.
|Base Year of the Analysis||2020|
|Segment Coverage||Sheathing Type, Application, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Customization Scope||10% Free Customization|
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The global exterior sheathing market was valued at US$ 7.3 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby hampering the demand for exterior sheathing.
The rising adoption of exterior sheathing in urban infrastructures for providing insulation and increasing the R-value of the building, is one of the factors catalyzing the global exterior sheathing market.
Based on the sheathing type, the global exterior sheathing market has been bifurcated into structural and non-structural sheathing, where structural sheathing currently holds the largest market share.
Based on the type, the global structural sheathing market can be divided into OSB (Oriented-Strand Board), plywood, wafer board, and gypsum. Among these, OSB (Oriented-Strand Board) currently exhibits a clear dominance in the market.
Based on the type, the global non-structural sheathing market can be divided into fiber board, foam board, particle board, and insulation board. Among these, fiber board holds the largest market share.
Based on the application, the global exterior sheathing market has been segmented into walls, roofs, windows and doors, and others. Currently, walls account for the largest segment.
Based on the end use, the global exterior sheathing market can be segregated into residential, commercial, industrial, and institutional sectors. Among these, the commercial sector currently maintains the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
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