Major players in the stucco market are Sika AG, Cemex, BASF SE, Omega Products International, Dryvit Systems Inc., Quikrete, STO Group, California Stucco.
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Global light gauge steel framing market size to expand at 11.1% CAGR through 2027
The business intelligence report on ‘Global Light Gauge Steel Framing Market’ is a comprehensive overview of growth stimulants, opportunities, and threats influencing the industry growth between 2020-2027.
Selbyville, Delaware, June 01, 2021 (GLOBE NEWSWIRE) Seasoned analysts cite that global
light gauge steel framing market size was evaluated at USD 5.44 billion in 2019 and is projected to be worth USD 12.63 billion by 2027, growing at an annual rate of 11.1% between 2020-2027.
Speaking of segmentations, the research literature provides information about market share held, projected growth rate, and valuation of each segment. Furthermore, it contains insights about latest trends and competitive developments in the business sphere.
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The global light gauge steel framing market size is expected to reach USD 48.21 billion by 2028, registering a CAGR of 4.6%
The development of advanced materials with capabilities that offer safety as well as strong structural support will augment the market growth over the forecast years.
The use of these framing products provides ease of installation along with a reduction in the cumulative project completion period owing to pre-fabricated structures, which is anticipated to drive product demand significantly over the next few years. The need to lower the production costs involved in the construction of buildings is also estimated to be one of the key factors responsible for market growth.