Exterior Sheathing Market Fostered by Increasing Constructional Activities

Sheathing can be defined as a panel or board material which is widely utilized for strengthening walls, roofs and floors of a building. It is generally attached to the external framing as an underlayment of different exterior siding materials, which include wood, stucco, shingles, masonry veneer, and metal or vinyl siding. It boosts insulation, provides a protective layer against harsh weather and offers a nailing base for the wall siding. Besides this, the usage of sheathing also makes the surface resistant to twisting and bending. Some of the commonly employed exterior sheathing materials are plywood, waferboard, gypsum board and oriented strand board (OSB). According to IMARC Group, the global exterior sheathing market size reached a value of US$ 6.6 Billion in 2018.

At present, the exterior sheathing market is experiencing moderate growth owing to renovation activities in developed countries and increasing construction in emerging economies. Moreover, with the rising environmental concerns, builders are shifting towards green construction materials, such as exterior sheathing, to reduce their carbon footprint. In addition to this, governments in numerous countries are encouraging the adoption of construction and renovation activities to improve the strength and durability of buildings. Further, the development of more efficient building technologies has created a direct impact on the dynamics of exterior sheathing materials. Looking forward, the market is projected to reach a value of US$ 8.8 Billion by 2024, exhibiting a CAGR of around 5% during 2019-2024.

Structural Sheathing Holds the Largest Share

The global exterior sheathing market has been bifurcated into structural and non-structural sheathing. The structural sheathing segment is further segmented into oriented strand board (OSB), plywood, wafer board and gypsum. On the other hand, the non-structural sheathing segment is segregated into fiberboard, foam board, particleboard and insulation board. At present, structural sheathing represents the largest sheathing type in the market.

Roof Sheathing Accounts for the Majority of the Market Share

On the basis of the application, the market has been classified into walls, roofs, windows and doors, and others. Amongst these, roof sheathing accounts for the majority of the total market share as it assists in preventing leaks, strengthening the roof, providing protection against fire and offering a sturdy support system for the construction of the roof system.

Commercial Sector Exhibits Dominance

The market has been divided into commercial, industrial, institutional and other sectors. Presently, the commercial sector exhibits a clear dominance in the market, followed by the industrial sector. There has been a rise in the demand for commercial spaces, such as offices, shopping malls, and restaurants, across the globe. This can be attributed to rapid urbanization, especially in developing economies.

North America Represents the Largest Market

North America currently holds the dominant exterior sheathing market share on account of the increasing use of OSB in the region. Moreover, the growing repair and remodeling activities in the United States have also increased the demand for exterior sheathing, especially for roofs and floorings. Other major markets include Europe, Asia Pacific, Latin America, and Middle East and Africa.

The competitive landscape of the market has been analyzed in the exterior sheathing market report with the detailed profiles of the key players operating in the industry. Some of these players are USG Corporation, DuPont de Nemours, Inc., Huber Engineered Woods LLC, Georgia-Pacific LLC and Louisiana-Pacific Corporation.

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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the exterior sheathing industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

Imarc Group is a leading market research and consulting company that offers management strategy and market research worldwide.