The global exterior sheathing market size reached US$ 8.5 Billion in 2023. Looking forward, the market is projected to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.47% during 2023-2032.
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.
2. What is the expected growth rate of the global exterior sheathing market during 2024-2032?
3. What are the key factors driving the global exterior sheathing market?
4. What has been the impact of COVID-19 on the global exterior sheathing market?
5. What is the breakup of the global exterior sheathing market based on the sheathing type?
6. What is the breakup of the global exterior sheathing market based on the application?
7. What is the breakup of the global exterior sheathing market based on the end use?
8. What are the key regions in the global exterior sheathing market?
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.
Key Market Segmentation
This report 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. The report has categorized the market based on sheathing type, application and end use.Breakup by Sheathing Type:
- Structural
- OSB (Oriented Strand Board)
- Plywood
- Wafer Board
- Gypsum
- Non-Structural
- Fiber Board
- Foam Board
- Particle Board
- Insulation Board
Breakup by Application:
- Wall
- Roof
- Others
Breakup by End Use:
- Residential
- Commercial
- Industrial
- Institutional
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape
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
1. What was the size of the global exterior sheathing market in 2023?2. What is the expected growth rate of the global exterior sheathing market during 2024-2032?
3. What are the key factors driving the global exterior sheathing market?
4. What has been the impact of COVID-19 on the global exterior sheathing market?
5. What is the breakup of the global exterior sheathing market based on the sheathing type?
6. What is the breakup of the global exterior sheathing market based on the application?
7. What is the breakup of the global exterior sheathing market based on the end use?
8. What are the key regions in the global exterior sheathing market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Exterior Sheathing Market
6 Market Breakup by Sheathing Type
7 Market Breakup by Application
8 Market Breakup by End Use
9 Market Breakup by Region
10 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.5 Billion |
| Forecasted Market Value ( USD | $ 12.6 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
