Exterior Sheathing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Exterior Sheathing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1051
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Market Overview:

The global exterior sheathing market reached a value of US$ 7.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2027, exhibiting at a CAGR of 5.1% during 2022-2027. 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.

 

 
 

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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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on sheathing type, application and end use.

Breakup by Sheathing Type:

 

 
 

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Based on the sheathing type, structural sheathing currently dominates the market, holding the largest market share.

Breakup by Application:

  • Wall
  • Roof
  • Others
     

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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

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Exterior Sheathing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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