'The global exterior wall systems market will exceed $504.73 billion by 2032 at a growth rate of 7.7 .'

November 9, 2023, New York, USA (GLOBE NEWSWIRE) - The global exterior wall systems market is projected to grow from USD 239.4 billion in 2022 to USD 504.73 billion by 2032, at a CAGR of 7.7%. The environment necessitates the expansion of construction and an increase in the level of building wall systems is required. This can be attributed to the fact that technology continues to improve and people's expectations are also increasing, hence innovation in design and execution is required. The growth of the wall systems sector is driven by the growth of the construction market. The expansion of construction work continues to gain momentum across the globe. In turn, the growing interest in sustainability will have a significant impact on the exterior wall systems market in''future. Moreover, it will also be influenced by legislative measures that promote the use of such systems. This allows the market to have many prospects for development.

The most significant segment is customers from the commercial sector, which is the largest contributor to the overall market size of over 57.2%. In the commercial sector customer segment, the demand for exterior wall systems is increasing due to architectural homogeneity, durability, safety, and visual appeal of façade systems. Growth in this sector is also driven by improving living standards, urban development and increasing real estate investments.

In the materials sector, glass panels hold the largest market share with 43.6% market share. Glass in construction''has weather resistance properties along with transparency, strength, climate control, flexibility, recyclability, efficiency, and sound insulation characteristics, which contributes to the reliability and appearance of the building.

Asia Pacific holds the largest market share of over 38.7% and offers great potential for the growth of the exterior wall systems market.

Research'. 'also offers analysis of key companies participating in the global market with comparative assessment of their product portfolio, business overviews, geographical presence, strategies, market share segments and SWOT analysis. The report also includes company news and developments including product developments, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This helps to analyze the competitive nature of the market. Some of the leading companies in the global exterior wall systems market include DuPont, Saint-Gobain, Sika AG, CRH, Dow, Etex Group, CSR Limited, Owens Corning, Evonik Industries, 3A Composite Holding, Exterior Wall Systems Global, Inc., Cornerstone Building Brands, Avient Corporation, Alcoa Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, Schweiter Technologies AG, Nippon Sheet Glass Co., Ltd, and others.

May 2023'. 'Exceler Building Solutions has raised $5 million through the Opportunity Zone Fund to invest in the future of green building and the company's current operations. The fund's goal is to raise $20 million in total. These funds will be used to grow the company and provide investors with the ability to defer, reduce or eliminate capital gains tax requirements on their investment in the Exceler Opportunity Zone Growth Fund.

The global exterior wall systems market is projected to grow at a CAGR of 7.7% from 2020 to 2032. Key market segments include wall system types, material types, applications, and regional analysis. Spherical Insights & Consulting also offers research on other related markets such as''Caps and locks market, air conditioning insulation market, metal door market and energy efficient windows market.