Rainscreen Cladding Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1680
Rainscreen Cladding Market size is mainly driven by the major construction applications including commercial, industrial, residential and office buildings. Innovations and modern technologies have created a new space for durable and high-performance cladding systems.
Strong application outlook in construction industry should drive rainscreen cladding market size. Global construction market may surpass USD 15 trillion by 2024. China, India and the U.S. account for over 55% of the total construction market. Rainscreen cladding systems extend building lifespan and protect exterior walls. International Energy Agency (IEA) and World Green Building Council (WorldGBC) are focusing on promoting green building concept by providing contractors to achieve energy efficient products in the construction sector.
Modern technologies have given a new direction for superior performance and durable rainscreen cladding system which allow panels & facades manufacturing. These systems have high grade moisture management properties and offers architects & contractors to solve issue of rain penetration and improve wall areas. It has the ability to overcome corrosion problems, consecutive & speedy processing, and easy installation, which may enhance the industry growth.
Office buildings dominated the rainscreen cladding market size over the forecast timeframe. Stainless steel, anodized aluminum, terracotta, fiber cement, composite and glass materials are used in these systems to protect the buildings. Steel & glass facades and glazed walling systems are often used in multi-storied office buildings to provide natural lightning & shading, weather-tightness and thermal insulation which may drive the industry growth.
Increasing residential buildings in India, China, Brazil, and Mexico may drive rainscreen cladding market size. Strong government initiatives and schemes to provide minimum cost & sustainable housing for all residents may fuel product demand.
Composite materials comprised of the largest market share in the construction industry. Global construction composites market may surpass USD 8.5 billion by 2024, with gains at over 6%. Zinc and aluminum based composite materials are mostly used in the rainscreen cladding system owing to flexibility, lightness and structural strength properties.
Terracotta is widely used raw material in construction sector due to its properties including durability, natural color, moisture retention, and sustainability. Low water absorption, anti-graffiti, frost-proof, and flame retardant properties drive the terracotta protection demand. It is preferably used in heritage sites, museums and residential buildings.
Increasing consumer awareness towards energy efficiency in houses and commercial buildings by reducing the amount of resources required for ventilation, heating and air conditioning may drive rainscreen cladding market growth. Risk of water intrusion in joints of buildings in extreme weather conditions and in areas where rainfall is high, may pose challenge to the industry growth.
Terracotta, fiber cement, metals, and high pressure laminates (HPL) are key raw materials used for producing rainscreen cladding. Easy raw material availability along with favorable government regulations should drive industry profitability. High initial installation costs along with maintenance cost may hinder industry profitability and affect rainscreen cladding market price trend.
North America, led by the Canada and the U.S. rainscreen cladding market size may witness significant growth owing to increase in residential building construction projects. Companies in the U.S. provide solutions to maintain, and install various panels in various buildings and institutions.
Europe rainscreen cladding market size, driven by UK, France, and Germany, should witness significant gains over in the near future. Favorable government guidelines by EU along with huge investment in residential and commercial projects should drive regional industry growth. Increasing terracotta and composite materials demand mainly in the UK should stimulate industry growth. Energy Policy Act, 2005 and International Energy Conservation Code, 2006 encourages the usage of these systems in European buildings.
Asia Pacific led by India, Japan and China rainscreen cladding market size is dominated by the huge investments in residential and commercial buildings. Increase in integrated townships projects in Thailand, Vietnam, South Korea and Indonesia thereby fueling product demand.. Positive indicator in construction spending owing to increase in HPL, fiber cement and terracotta demand should stimulate regional growth.
Global rainscreen cladding market share is competitive with prominent players including Kingspan Insulation, MF Murray Companies, Carea, CGL Facades, Celotex, Eco Earth Solutions India and Euramax, Rockwool International, FunderMax, Trespa International B.V., EuroPanels and Middle East Insulation.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.