Cladding Systems Market size is projected to grow significantly during 2021 to 2027 owing to the growing construction industry across the globe. Rapid urbanization has led to a rise in the commercial construction industry, which is further expected to drive the industry growth.
Cladding is a layer of non-load bearing applied to the exterior of a house to shed water and shield the building from weather impact. Cladding systems include vertical or horizontal boards and sheet materials or smaller overlapping panels such as tiles and shingles. These systems use different methods to prevent rain and wind from entering through the joints, and effectiveness of system varies depending on wind direction, speed, and the degree of exposure to rain.
The popularity for cladding systems is increasing rapidly due to their durability and ability to enhance aesthetic appearance of the building. The demand for better cladding options and technologies is increasing with the rising awareness regarding energy-efficient buildings and need for better insulation. Additionally, the strong growth in residential construction in the emerging countries including China, Japan, India, Indonesia, and Brazil is anticipated to spur the demand for the cladding systems market.
The high installation cost of claddings is likely to hamper the global market in the upcoming years. Conversely, the rising demand for the use of environmentally friendly and sustainable materials in cladding systems is anticipated to offer new growth opportunities to the industry growth.
The cladding systems market is classified based on material, application, and end-user. The material segment of the market includes wood, fiber cement, stucco & EIFS, brick & stone, ceramic, vinyl, metal, and others. Ceramic plays an important role in the construction industry and it is mainly used for tile cladding. The ceramic tiles enhance the overall atmosphere of a residential or commercial landscape. The selection of the type of these tiles is based on several factors such as ease of maintenance, comfort, safety, style, design templates, and durability. oreover, each ceramic cladding panel offers tonal reliability and design uniformity, ensuring that its visual appearance does not deteriorate over time.
EIFS is the emerging advanced technique by which the manufacturers are looking to produce cladding systems more effective. Fiber cement panels require special installation tools and can be installed over any form of substrate; therefore, rising applications of ceramic cladding in the telecommunications industry are likely to drive the overall market growth.
Cladding systems are widely used on walls to protect them from weathering and to enhance the appearance of the walls in a building. Additionally, the roofs segment is poised to witness significant growth in the upcoming years. Steel roofing cladding is the most popular roof cladding due to its ease and speed of installation, durability, and color. The rising roof cladding in the residential sector is likely to propel the market expansion.
Based on end-user, the cladding systems market is further segmented into residential and non-residential. The non-residential segment is likely to grow substantially propelled by its excellent durability and aesthetic appearance. The rising non-residential construction in the emerging countries is likely to propel the adoption of cladding systems in non-residential building including institutional, warehouses, and manufacturing plants. However, high cost for the installation of cladding systems is likely to hinder the industry growth during the forecast period. Nevertheless, the rapid urbanization in Asia Pacific especially in countries, such as China and India, is projected to offer new market growth opportunities.
Asia Pacific is expected to dominate the global cladding systems market impelled by the surging residential construction activities in the developing countries such as China and India. Moreover, the surging commercial and industrial construction within the region is set to boost the regional cladding system market revenue. Furthermore, North America is anticipated to grow substantially due to the rising adoption of cladding systems in commercial as well as residential buildings.
The cladding systems market is highly fragmented due to the presence of several manufacturers. Major players operating in the market are Saint-Gobain S.A., DowDuPont, SIKA, Tata Steel Limited, Arconic, CSR Limited, ETEX Group, Kingspan PLC, Trespa International B.V., Boral Limited, Westlake Chemical, James Hardie Industries PLC, Cembrit Holding A/S, Nichiha Corporation, and Rockwool International among others. Market players are continuously focusing on product innovation.
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