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Allied Market Research recently published a report, titled, Stucco Market by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, Exterior Insulating Finish Systems, and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding), and End Use (Residential and Nonresidential): Opportunity Analysis and Industry Forecast, 20192026.

According to the report, the global stucco industry was pegged at $10.7 billion in 2018 and is expected to reach $15.3 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.Incentives for market growth:Development of the global construction industry and high purchasing power of end-users have boosted the growth of the global stucco market.

However, low consumer awareness toward the availability of stucco hampers the market growth.

On the contrary, rise in demand from emerging economies is expected to create lucrative opportunities in the near future.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5900Insulated siding segment held the largest share:The insulated siding segment dominated the global stucco market in 2019, contributing to more than two-thirds of the market.

However, the non-insulated siding segment is expected to manifest the fastest CAGR of 5.4% during the forecast period, as it is durable, attractive, and weather-resistant.Non-residential to portray fastest CAGR through 2026:The non-residential segment is anticipated to manifest the fastest CAGR of 6.1% during the forecast period, due to the development of the non-residential sector in emerging countries and its use as an aesthetic material.

However, the residential segment held the largest share in 2019, accounting for more than four-fifths of the global stucco market.

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The global Stucco Market size is projected to grow from USD 10.9 billion in 2019 to USD 13.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year.

Browse 135 market data Tables and 34 Figures spread through 132 Pages and in-depth TOC on "Stucco Market”.New product developments accounted for the largest share of all the strategic developments that took place in the stucco market between January 2018 and May 2019.

One of the key players, namely, The Quikrete Companies (US), adopted this strategy to strengthen its product portfolio and to meet & exceed its customers’ expectations in the stucco market.BASF SE is one of the leading players in the chemical industry, having a global presence and strong brand recognition.

The company also offers many other products related to the construction industry and is being able to provide complete solutions to its customers.

Its immense strength in research & development and expertise in construction and specialty chemicals are expected to strengthen its growth in the upcoming years.Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=142570541The non-residential segment is estimated to be a larger end-use market in the stucco market in 2019.The non-residential sector, by end-use, accounted for a larger market size for stucco in 2018, in terms of both value and volume.

The development in the construction industry in emerging countries such as India and China are expected to boost the demand for stucco in the market.

Stucco is a little-cost and low-maintenance home material that is too rot and fungus resilient.

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