Stucco Market Expected To Grow

The stucco market is expected to grow from $10.9 billion in 2019 to $13.4 billion by 2024, says a study by Markets And Markets. A material widely used in residential construction, driving factors for the demand of stucco include the high growth of residential and non-residential construction industries internationally, rapid industrialization, and the growing non-residential sector. The residential segment is a faster-growing segment in the stucco market. Factors such as the comparatively lower cost of stucco than other plasters used for residential construction, as a result of its superior durability and high tensile strength, make stucco a widely used material for the residential construction.