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Cladding Systems Market - By Material Type (Metal Cladding, Stone Cladding, Ceramic Cladding, Wood Cladding, Terracotta Cladding, Fiber Cement Cladding), By Application (Roofs, Walls), By End-use & Forecast, 2024 – 2032

  • Report ID: GMI6591
  • Published Date: Aug 2023
  • Report Format: PDF

Cladding Systems Market Size

Cladding Systems Market was valued at USD 244 billion in 2023 and is likely to attain about 6.3% CAGR from 2024 and 2032. Cladding systems play a crucial role in defining the exterior appearance of buildings, offering architects and designers a wide range of material options to achieve their desired aesthetics.
 

Cladding Systems Market

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Cladding systems contribute to the building envelope's performance by providing weather resistance, thermal insulation, and moisture control, leading to energy efficiency and occupant comfort. Increasing emphasis on sustainable construction practices and energy efficiency drives the demand for cladding materials that offer insulation, reduce heat transfer, and minimize energy consumption.
 

 

High-profile incidents of cladding-related fires have raised concerns about the fire performance of certain cladding materials, leading to stricter regulations and requirements for fire-resistant cladding. The complexity of cladding system installation, especially for intricate designs or unconventional building shapes, can lead to delays, errors, and increased costs. High-quality cladding materials and innovative designs can come with a higher cost. Thus, the risks associated with Cladding systems may drive down the acceptance rate, further hampering the business growth.
 

COVID-19 Impact

Many construction projects were postponed or canceled due to lockdowns, labor shortages, and uncertainty about economic conditions, affecting the demand for cladding systems. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
 

Cladding Systems Market Trends

Growing emphasis on sustainability is driving the adoption of cladding materials with lower environmental impact, such as recycled content, natural materials, and bio-based composites. Incorporating nature-inspired elements into cladding design, such as living walls, vertical gardens, and natural textures, to create healthier and more visually appealing spaces. Advancements in materials science are leading to the development of high-performance cladding materials that offer improved insulation, durability, and aesthetics.
 

Cladding Systems Market Analysis

Cladding Systems Market Size, By Material Type, 2021 - 2032 (USD Billion)

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Based on material type, the cladding systems market is segmented as metal cladding, stone cladding, ceramic cladding, wood cladding, terracotta cladding, fiber cement cladding, others. Metal Cladding held a majority market value of USD 42.6 billion in 2022. Metal cladding offers a sleek and contemporary appearance, driving its popularity in modern architectural designs.
 

Cladding Systems Market Revenue Share, By Application, (2022)

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Based on application, the cladding systems market is segmented as roofs, walls, others. Roofs held a dominant market share of around 46% in 2022 and is expected to grow at a lucrative pace through 2032. Cladding systems protect homes from external elements, contributing to occupant comfort and durability.
 

Based on end-use, the cladding systems market is segmented as residential and non-residential. Residential held a dominant market share in 2022 and is anticipated to grow at 5.8% CAGR between 2023 and 2032. Cladding choices impact the curb appeal and market value of residential properties, influencing homebuyers' preferences. Thus, the high-quality services and growing usage of Cladding systems at food centres are anticipated to expedite the business statistics.
 

U.S. Cladding Systems Market Size, 2021- 2032 (USD Billion)

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U.S. dominated the North American region with majority cladding systems market share and a revenue of USD 48 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America's strict building codes require cladding systems to meet rigorous standards for safety, fire resistance, energy efficiency, and environmental performance.
 

Cladding Systems Market Share

Some of the major business players operating in the Cladding systems market are

  • Alcoa Corporation
  • Arconic Inc
  • Kingspan Group
  • Carea Group
  • CENTRIA
  • James Hardie Industries plc
  • Etex Group
  • Nichiha Corporation
  • Covestro AG
  • Saint-Gobain
  • Alucobond
  • Formica Group
  • Trespa International B.V
  • Alpolic Materials
  • Centurion Industries, Inc

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Cladding Systems Industry News:

  • In May 2021, In June 2023, Saint-Gobain announced that it had entered into a definitive agreement for the acquisition of Building Products of Canada Corp.
     
  • In June 2023, Westlake Corporation entered into a definitive agreement with Boral Industries Inc., a wholly owned subsidiary of Boral Limited
     

Cladding systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Material Type

  • Metal Cladding
  • Stone Cladding
  • Ceramic Cladding
  • Wood Cladding
  • Terracotta Cladding
  • Fiber Cement Cladding
  • Others

By Application

  • Roofs
  • Walls
  • Others

By End-use

  • Residential
  • Non-Residential

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The cladding systems market was worth USD 244 billion in 2023 and is estimated to reach USD 419.2 billion by 2032, favored by rapid urbanization and increasing infrastructure construction.
Roofs held a dominant market share of around 46% in 2022 and is expected to grow at a lucrative pace through 2032 as they protect homes from external elements, contributing to occupant comfort and durability.
U.S. cladding systems industry was worth USD 48 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, owing to the strict building codes that require cladding systems to meet rigorous standards for safety, fire resistance, energy efficiency, and environmental performance.
James Hardie Industries plc, Etex Group, Nichiha Corporation, Covestro AG, Saint-Gobain, Alucobond, Formica Group, Trespa International B.V., Alpolic Materials, Centurion Industries, Inc. among others.

Cladding Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
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