What is Global Exterior Wall Putty Powder Market?
The Global Exterior Wall Putty Powder Market is a vast and dynamic sector that has been gaining significant attention in recent years. This market revolves around the production, distribution, and consumption of exterior wall putty powder, a material used in construction and renovation projects to smooth out uneven surfaces on exterior walls before painting. The putty powder is typically made from a mixture of white cement, polymers, and minerals, and it's known for its durability, water resistance, and adhesive properties. The global market for this product is driven by the ongoing growth in the construction industry, particularly in developing countries where urbanization and infrastructure development are happening at a rapid pace. However, the market is also influenced by factors such as the availability of raw materials, the cost of production, and the environmental impact of putty powder manufacturing.
Water Resistant Type, Alkali Type, Others in the Global Exterior Wall Putty Powder Market:
The Global Exterior Wall Putty Powder Market is segmented into different types based on their properties and applications. These include Water Resistant Type, Alkali Type, and Others. The Water Resistant Type is designed to withstand exposure to moisture and humidity, making it ideal for use in exterior walls in regions with high rainfall or humidity. The Alkali Type is resistant to alkali substances, which makes it suitable for use on surfaces that are exposed to such substances. The Others category includes specialized types of putty powder that are designed for specific applications or environments. Each of these types has its own market share and growth potential, influenced by factors such as regional demand, application sectors, and technological advancements.
Residential, Commercial Building in the Global Exterior Wall Putty Powder Market:
The Global Exterior Wall Putty Powder Market finds its usage in various areas, primarily in Residential and Commercial Buildings. In Residential buildings, the putty powder is used to prepare the exterior walls for painting during construction or renovation. It helps in providing a smooth and uniform surface, enhancing the overall aesthetic appeal of the building. In Commercial Buildings, the putty powder is used not just for aesthetic purposes, but also to protect the exterior walls from damage due to exposure to the elements. The demand in these sectors is driven by factors such as the rate of construction and renovation activities, the preference for high-quality finishes, and the durability requirements of the buildings.
Global Exterior Wall Putty Powder Market Outlook:
The outlook for the Global Exterior Wall Putty Powder Market is quite promising. In 2022, the market was valued at a whopping US$ 39230 million and it's projected to reach US$ 58480 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period of 2023-2029. The largest share of this market is held by India, accounting for about 44% of the total market. China follows closely behind, holding about 25% of the market. The top three companies in this market hold a combined market share of about 24%. This data indicates a healthy competition in the market, with ample opportunities for growth and expansion.
| Report Metric | Details |
| Report Name | Exterior Wall Putty Powder Market |
| Accounted market size in 2022 | US$ 39230 in million |
| Forecasted market size in 2029 | US$ 58480 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Asian Paints, British Paints, Walplast, Birla White, Acro Paints India Limited, Platinum Plaster Ltd, Timbermate Products, J.K. Cement Ltd, Mapei, Golchha Pigments, Nippon Paint, Sujatha Paints, SSM, SIKA, Lions, Weber-Saint gobain, Huarun, Surfa Coats, Long Zhen, Truefit Skim Coat Products, Duobang, Gomix Building Materials |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
