The global exterior sheathing market was worth US$ 6.9 Billion in 2019. 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. Looking forward, IMARC Group expects the global exterior sheathing market to exhibit moderate growth during 2020-2025.
Breakup by Sheathing Type:
Structural sheathing currently dominates the market, holding the largest market share.
Breakup by Product Type:
On the basis of product type, the market has been segmented into OSB (Oriented-Strand Board), plywood, particle board, medium density firboard (MDF) and others.
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.
Key Questions Answered in This Report
The global exterior sheathing market was worth around US$ 6.9 Billion in 2019.
Sudden outbreak of the COVID-19 pandemic has 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.
According to the estimates by IMARC Group, the global exterior sheathing market will exhibit moderate growth during the next five years.
The rising adoption of exterior sheathing in urban infrastructures for providing insulation and increasing the R-value of the building, represents one of the key drivers of the global exterior sheathing market.
The increasing penetration of automated production and installation processes and the emergence of green construction materials to reduce carbon footprints, are some of the key trends in the global exterior sheathing market.
On the basis of the sheathing type, the market has been classified into structural and non-structural sheathing, where structural sheathing currently dominates the global market by holding the largest market share.
On the basis of the application, the market has been classified into walls, roofs, windows and doors, and others. Amongst these, walls exhibit a clear dominance in the global market.
On the basis of the end use, the market has been classified into residential, commercial, industrial, and institutional sectors. Commercial sector currently accounts for the majority of the total market share.
Region-wise, 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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