Stucco/EIFS Market is Expected to Boom in Coming Years by 2026
The stucco market is evaluated by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, EIFS and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding) and End Use (Residential and Nonresidential) in a report published by Allied Market Research, titled “Opportunity Analysis and Industry Forecast, 2019-2026.”
The global stucco market garnered $10.7 billion in 2018 and is anticipated to hit $15.3 billion by 2026, growing at a CAGR of 4.5 percent from 2019 to 2026. High purchasing power of end-users and development of the global construction industry boosted the growth of the stucco market. On the contrary, low consumer awareness toward the availability of stucco hinders the market. However, increase in demand from emerging economies would open new opportunities in the coming years.