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Global Exterior Sheathing Market Outlook to 2024: A $8.8 Billion Opportunity – IMARCGroup.com

Global Exterior Sheathing Market Outlook to 2024: A $8.8 Billion Opportunity – IMARCGroup.com

“Global Exterior Sheathing Market to Reach US$ 8.8 Billion by 2024, Stimulated by Demand for Products with Lower Environmental Impact – IMARC Group”

The global exterior sheathing market has witnessed moderate growth over the past few years. This can be accredited to its various properties such as providing lateral bracing and withstanding wind and building loads coupled with the increasing demand for green building materials.

The latest report by IMARC Group, titled “Exterior Sheathing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global exterior sheathing market size reached US$ 6.6 Billion in 2018. Exterior sheathing is used in roofs, walls and floor assemblies to give a layer of protection against outside elements and to prevent wind and water from entering. There are two types of exterior sheathing, namely, structural and non-structural sheathing. Structural sheathing joins wall studs together, providing shear strength and rigidity as well as forming a solid nailing base for siding materials. Whereas, non-structural sheathing, also known as insulating sheathing, is installed on an exterior wall to provide additional insulation and strength, and act as a radiant barrier. Nowadays, manufacturers are developing fiberglass gypsum sheathing since these materials are non-combustible, cost-efficient, easy to install and enhance the performance of exterior walls by resisting air and water infiltration, and noise transmission.

Market Trends:

Exterior sheathing generates a lesser amount of carbon emissions as compared to other building materials. For instance, wood products, such as plywood and oriented strand board (OSB), have a lower environmental impact as they are naturally produced and require less energy for manufacturing and processing. Owing to the rising environmental concerns, builders are shifting towards green building materials to ensure sustainability which, in turn, is propelling the growth of the market. Further, as exterior sheathing materials, such as foam and wood fiber panels, are cost-effective and fulfill energy code requirements, they are extensively being used in the construction industry for commercial as well as residential purposes. Moreover, the development of automated production and installation processes is expected to positively influence the market in the upcoming years. Looking forward, the market value is projected to reach US$ 8.8 Billion by 2024, expanding at a CAGR of around 5% during 2019-2024.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/exterior-sheathing-market/requestsample

Market Summary:

Market Breakup by Sheathing Type

1. Structural Exterior Sheathing
2. Non-Structural Exterior Sheathing

On the basis of the sheathing type, the market has been categorized into structural and non-structural sheathing. Structural sheathing currently dominates the market, holding the largest market share. This segment is further classified as OSB, plywood, wafer board and gypsum. Whereas, the non-structural sheathing segment is divided into fiberboard, foam board, particle board and insulation board.

Market Breakup by Application

1. Wall
2. Roof
3. Windows and Doors
4. Others

The market has also been segmented based on the application into walls, roofs, windows and doors and others. Amongst these, walls represent the largest application segment, accounting for the majority of the market share.

Market Breakup by End Use Sector

1. Commercial
2. Industrial
3. Institutional
4. Others

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/exterior-sheathing-market

Based on the end use, the commercial sector enjoys the leading position in the global market. Other major end use segments are industrial and institutional sectors.

Market Breakup by Region

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Region-wise, North America exhibits a clear dominance in the market. Other major markets include Europe, Asia Pacific, Europe, Middle East and Africa, and Latin America.

Competitive Landscape

The competitive landscape of the market has also been analyzed in the report along with the profiles of the leading players in the industry.

Browse similar reports by IMARC Group

Global Gypsum Board Market Research Report: Market Share, Size, Growth, Opportunity and Forecast

Global Plywood Market Research Report: Share, Size, Growth, Opportunity and Forecast

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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