The global exterior sheathing market size reached USD 8.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.11% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 8.9 Billion |
Market Forecast in 2033
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USD 13.0 Billion |
Market Growth Rate 2025-2033 | 4.11% |
Sheathing refers to a panel or board material which is used in walls, roofs and floor assemblies. It is attached to the external framing as an underlayment of various exterior siding materials such as wood, metal or vinyl siding, masonry veneer, stucco and shingles. There are two types of sheathing, namely, structural sheathing which offers additional strength to the frame structure, and non-structural sheathing that provides insulation and increases the R-value of the building. Nowadays, manufacturers are employing advanced sheathing materials which maximize space for cavity insulation and minimize the potential for insulation. These sheathing panels also provide strength, rigidity, shear resistance and form a nailing base for the siding.
Rapid expansion in the urban infrastructure sector, due to the rising population and the substantial recovery from the economic recession, has led to an increase in construction activities, particularly in emerging economies like Africa and Asia. As a result, these materials like wood fiber panels and foam (insulating materials) are increasingly being used in these regions for construction as they are cost-effective and meet the energy code requirements. Along with this, the development of more efficient building technologies, such as automated production and installation processes, have created a direct impact on the dynamics of the construction industry. Besides this, with the rising environmental concerns, constructors are shifting toward green construction materials in order to reduce their carbon footprint, thereby creating a positive demand for exterior sheathing materials. Besides this, they are manufacturing exterior sheathing with water-resistant and wax-treated materials which offer a protective covering from harsh weather and external elements.
IMARC Group provides an analysis of the key trends in each sub-segment of the global exterior sheathing market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on sheathing type, application and end use.
Breakup by Sheathing Type:
Based on the sheathing type, structural sheathing currently dominates the market, holding the largest market share.
Breakup by Application:
Amongst these, roof represent the largest application segment, accounting for majority of the market share.
Breakup by End Use:
Based on the end use, the commercial sector enjoys the leading position in the global market.
Regional Insights:
Region-wise, North America exhibits a clear dominance in the market due to the improvement and repair activities in the region.
Competitive Landscape:
The report has also analyzed the competitive landscape of the industry, providing the detailed profiles of the key players operating in it.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Sheathing Type, Application, End Use, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global exterior sheathing market was valued at USD 8.9 Billion in 2024.
We expect the global exterior sheathing market to exhibit a CAGR of 4.11% during 2025-2033.
The rising consumer environmental concerns, along with the growing demand for green construction materials, such as exterior sheathing materials, as they aid in reducing carbon footprints, are primarily driving the global exterior sheathing market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities for exterior sheathing materials.
Based on the sheathing type, the global exterior sheathing market can be segmented into structural and non-structural. Currently, structural holds the majority of the total market share.
Based on the application, the global exterior sheathing market has been divided into wall, roof, and others. Among these, roof currently exhibits a clear dominance in the market.
Based on the end use, the global exterior sheathing market can be categorized into residential, commercial, industrial, and institutional. Currently, commercial accounts for the largest market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where North America currently dominates the global market.