Market Overview:
The global exterior sheathing market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 8.5 Billion |
Market Forecast in 2032
|
US$ 12.6 Billion |
Market Growth Rate 2024-2032 |
4.3% |
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global exterior sheathing market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on sheathing type, application and end use.
Breakup by Sheathing Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Structural
- Non-Structural
Based on the sheathing type, structural sheathing currently dominates the market, holding the largest market share.
Breakup by Application:
Amongst these, roof represent the largest application segment, accounting for majority of the market share.
Breakup by End Use:
- Residential
- Commercial
- Industrial
- Institutional
Based on the end use, the commercial sector enjoys the leading position in the global market.
Regional Insights:
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- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Region-wise, North America exhibits a clear dominance in the market due to the improvement and repair activities in the region.
Competitive Landscape:
The report has also analyzed the competitive landscape of the industry, providing the detailed profiles of the key players operating in it.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
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 |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |