The Rainscreen Cladding Market size is estimated to reach USD 204.90 Billion from USD 124.95 Billion in 2019, delivering a CAGR of 6.8% through 2027. The market growth is driven by increasing remodeling maintenance activities, residential and non-residential construction, and focus on enhancing the aesthetic appearance of buildings.
A rainscreen cladding is an effective siding system for enveloping new and old construction and is one of the prevailing sustainability trends in architecture. These systems provide superior thermal performance, fire protection, and weather tightness to buildings. Rainscreen cladding is becoming increasingly popular among builders and architects on account of its thermal and sound efficiency, which further enables cutting back on energy bills and reducing emissions.
Extensive residential and commercial applications of the product to improve resistance to weather will boost rainscreen cladding market growth. The growing construction expenditure, primarily in the residential and commercial sectors for better weather resistance and improved aesthetics, is driving the demand for rainscreen cladding. In addition, a rise in the incidence of natural calamities like hurricanes, tsunamis, and wildfires, is also supporting product proliferation. Moreover, the increasing industrialization rate, coupled with the emergence of new companies in the emerging economies, will supplement the rainscreen cladding market revenue share over the forecast period.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- Kingspan Insulation,
- SIKA,
- SFS Group AG,
- Everest Industries Limited,
- Rockwool International A/S,
- Promat UK Ltd.,
- Sotech Architectural Façade Systems,
- Centria International,
- Trespa International BV,
- Dams Incorporated
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
Material Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Composite Materials
- Fiber Cement
- Metal
- High Pressure Laminate
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Residential
- Commercial
- Institutional
- Industrial
Construction Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Renovation
- New Construction
The Global Rainscreen Cladding Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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