세계 스투코 시장 규모는 2024년 123억 달러에 달했습니다. 향후 IMARC Group은 2033년까지 시장 규모가 169억 달러에 달할 것으로 예상하며, 2025년부터 2033년까지 3.39%의 연평균 성장률(CAGR)을 보일 것으로 예측했습니다. 주택 및 상업시설 건설 증가, 정부의 인프라 구축 지원책, 개축 및 개보수 프로젝트 급증, 그린 빌딩 실천 등이 시장 성장을 주도하고 있습니다.
주택 건설 지출 증가
주택 건설에 대한 지출 증가는 스투코 시장의 성장을 크게 촉진하는 요인입니다. 예를 들어, Statista에 따르면, 신축 민간 주택에 대한 지출은 지난 10년간 급격히 증가하여 2011년 2,470억 달러에서 2022년 9,180억 달러로 증가할 것이라고 합니다. 스투코는 다양한 질감, 색상, 마감을 연출할 수 있는 다재다능한 특성으로 인해 현대 주택 디자인, 특히 공동주택, 아파트, 타운하우스에 매력적인 소재가 되고 있습니다. 이러한 요인으로 인해 향후 몇 년 동안 스투코 시장이 성장할 것으로 예측됩니다.
확대되는 친환경 건축자재 산업
친환경 건축자재 산업의 확대는 시장 성장을 크게 촉진하고 있습니다. 예를 들어, IMARC에 따르면 2023년 세계 친환경 건축자재 시장 규모는 3,464억 달러에 달했습니다. 향후 IMARC Group은 2032년까지 시장이 7,164억 달러에 달할 것으로 예상하며, 2024년부터 2032년까지 8.18%의 연평균 성장률(CAGR)을 보일 것으로 예측했습니다. 에너지 효율적인 건물은 LEED와 같은 친환경 건축 기준의 중요한 초점이며, 스투코의 단열 특성은 주거 및 상업 프로젝트 모두에서 건물의 성능을 향상시키는 재료로 선호되고 있습니다. 이러한 요인들은 스투코 시장 예측에 더욱 긍정적인 영향을 미칩니다.
정부의 이니셔티브
많은 정부는 주택 부족을 해결하고 증가하는 도시 인구 수요를 충족시키기 위해 저렴한 주택 프로그램에 투자하고 있습니다. 예를 들어, 2024년 7월 인도 재무장관은 2024-25년 예산안에서 대도시 지역의 저렴한 주택 건설을 촉진하기 위해 2.2억 루피의 중앙 지원을 발표했습니다. 스투코는 저렴한 비용, 내구성 및 단열 특성으로 인해 이러한 프로젝트에 자주 채택되어 대규모 주택 개발의 경제적인 솔루션이되어 스투코 시장의 수익을 증가시킵니다.
The global stucco market size reached USD 12.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.39% during 2025-2033. The increasing residential and commercial construction, supportive government infrastructure initiatives, surging renovation and retrofitting projects, and green building practices are primarily driving the market's growth.
Rising Spending on Residential Construction
The increasing spending on residential construction is a significant driver of growth in the stucco market. For instance, according to Statista, overall spending on new private residential buildings has increased dramatically over the last decade, rising from US$ 247 Billion in 2011 to US$ 918 Billion by 2022. Stucco's versatility in creating different textures, colors, and finishes makes it attractive for modern housing designs, especially for multi-family housing, apartment complexes, and townhouses. These factors are expected to propel the stucco market in the coming years.
Expanding Green Buildings Material Industry
The growing green building materials industry is significantly propelling the market's growth. For instance, according to IMARC, the global green building materials market size reached US$ 346.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 716.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.18% during 2024-2032. Energy-efficient buildings are a key focus of green building standards like LEED, and stucco's insulating properties make it a favored material for improving building performance in both residential and commercial projects. These factors further positively influence the stucco market forecast.
Government Initiatives
Many governments are investing in affordable housing programs to address housing shortages and meet the needs of growing urban populations. For instance, in July 2024, The Finance Minister of India announced central assistance of Rs 2.2 lakh crore in the budget for 2024-25 to stimulate the creation of affordable housing in metropolitan areas. Stucco is often favored in such projects due to its low cost, durability, and insulating properties, making it an economical solution for large-scale housing developments, thereby boosting the stucco market revenue.
According to the stucco market outlook, rapid urbanization and population growth are driving the construction of new residential, commercial, and infrastructure projects. In regions like Asia-Pacific, North America, and Latin America, the need for affordable, durable, and aesthetically pleasing building materials like stucco is increasing. Moreover, renovation projects often involve updating the appearance of older buildings, and stucco is a popular choice for giving buildings a modern and fresh look. Many property owners and developers use stucco to resurface old exteriors and improve the aesthetic appeal of homes, apartments, and commercial buildings, further driving the market's growth.
According to the stucco market overview, traditional three-coat stucco is the most durable and widely used method of applying stucco, consisting of a scratch coat, brown coat, and finish coat, which provides strength and longevity. While EIFS (Exterior Insulation and Finish Systems) is a multi-layered synthetic stucco system that includes insulation panels, base coats, and finish coats. EIFS is popular for its energy efficiency and design flexibility. Moreover, one-coat stucco is a more recent development in stucco applications, typically involving a single layer that combines the scratch and brown coats into one. It is faster to apply and less labor-intensive, making it a cost-effective alternative.
According to the stucco market insights, insulated siding stucco, commonly part of EIFS (Exterior Insulation and Finish Systems), incorporates an insulation layer between the structure and the outer stucco finish. This type of siding is designed to improve the building's energy efficiency by reducing heat transfer. While non-insulated siding stucco refers to traditional stucco systems without an added insulation layer. This type of siding is often used in regions where energy efficiency is not a primary concern, but durability, aesthetics, and cost-effectiveness are prioritized.
According to the stucco market highlights, homeowners and developers often prioritize aesthetic appeal in residential construction. Stucco is a popular choice due to its ability to create a variety of textures, colors, and finishes, allowing for a wide range of architectural styles, from traditional to modern. While in non-residential construction, such as commercial buildings, offices, schools, and hospitals, durability is a top priority. Stucco provides a long-lasting exterior finish that can withstand wear and tear, weather, and heavy use without requiring frequent repairs.
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
According to the stucco market statistics, stucco is highly valued in North American regions prone to wildfires for its fire-resistant properties. As regulations and building codes increasingly mandate fire-resistant materials, stucco is becoming a preferred exterior finish. While the European Union's stringent energy efficiency regulations are driving the use of EIFS in both residential and commercial buildings. Countries like Germany, France, and the UK are seeing increasing adoption of insulated stucco systems as builders focus on reducing energy consumption and improving building performance, further driving the market's growth.