Stucco Market Expands as Home Renovation and Remodeling Projects Rise

The global stucco market size was valued at USD 13.55 billion in 2024 and is projected to reach USD 17.65 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. This growth is fueled by rising demand across residential and commercial construction projects. Stucco, known for its versatility and durability, serves both decorative and functional purposes, offering an appealing exterior finish while providing structural protection.

With its increasing use in contemporary architecture and renovation works, stucco has become a preferred choice for walls, ceilings, and ornamental applications. It offers natural insulation, helping reduce energy consumption and the carbon footprint of buildings. Moreover, as builders and homeowners lean toward materials that are long-lasting and require minimal upkeep, stucco’s resistance to moisture and fire further strengthens its market position.

Key growth drivers include rapid urbanization, a booming housing sector, and greater infrastructure investments, particularly in developing nations. Supportive government initiatives for sustainable building materials, along with the popularity of Mediterranean and Spanish-style designs, are boosting market adoption. Additionally, technological advancements in synthetic stucco (EIFS – Exterior Insulation and Finish Systems) have broadened its applications in modern construction.

Key Market Insights:

• Asia Pacific led the global market, holding the largest revenue share of around 40.0% in 2024.
• By material, the cement-based segment was the top performer, capturing a 63.0% revenue share in 2024.
• By application, the residential segment dominated, accounting for 56.3% of the revenue share in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 13.55 Billion
• 2030 Projected Market Size: USD 17.65 Billion
• CAGR (2025-2030): 4.5%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Leading market players include BASF SE and Sika AG.

• BASF SE – A global leader in chemical manufacturing, BASF offers high-performance construction materials, including advanced stucco systems. Its formulations emphasize durability, energy efficiency, and sustainability, meeting green building standards. With expertise in synthetic and EIFS-based stucco, BASF’s global presence and innovation make it a key industry player.
• Sika AG – This Swiss multinational specializes in construction and industrial chemicals, delivering a broad portfolio of stucco solutions, such as pre-mixed plasters and EIFS, that combine aesthetics with thermal performance. Strong R&D capabilities and a global distribution network enable Sika to serve both infrastructure and residential markets.

Emerging participants in the stucco market include RPM International Inc. and The Quikrete Companies, Inc.

• RPM International Inc. – Based in the U.S., RPM offers decorative and protective stucco systems through its subsidiary, Dryvit Systems, a leader in EIFS and synthetic stucco. The company focuses on combining visual appeal with energy efficiency and maintains strong market coverage in North America and Europe.
• The Quikrete Companies, Inc. – As one of North America’s largest producers of packaged concrete and cement products, Quikrete provides easy-to-apply stucco mixes for professionals and DIY users. Known for durability and affordability, its products are widely used for interior and exterior projects, particularly in the residential segment.

Key Players

• BASF SE.
• Sika AG
• RPM International Inc.
• The Quikrete Companies, Inc.
• Cemex
• GCP Applied Technologies Inc.
• Sto Corp.
• Omega Products International, Inc.
• Dryvit Systems, Inc.
• Merlex Stucco, Inc.

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Conclusion

The global stucco market is experiencing steady growth, driven by expanding residential and commercial construction activities worldwide. Its versatility, durability, and aesthetic appeal make it a preferred choice for walls, ceilings, and decorative elements in both modern and traditional designs. Increasing focus on energy efficiency and low-maintenance materials further boosts its demand, supported by government incentives for sustainable building solutions. Rapid urbanization, infrastructure development, and evolving architectural trends, including Mediterranean and Spanish-style designs, are contributing to its adoption. Advancements in synthetic stucco and EIFS technology are also broadening its applications. With strong competition among established and emerging players, the market is expected to remain dynamic and innovation-driven.