The global rainscreen cladding market size was estimated to be worth USD 10.94 billion in 2020. It is anticipated to reach at USD 16.82 billion to expand at a CAGR of 6.3% over the forecast period. Rising prevalence of commercial and residential material s to improve resistance to weather mainly drives growth of the global rainscreen cladding market. Increasing construction spending mainly for non-residential material s such as commercial sector and residential sector for enhanced aesthetics and resistance to weather to drive growth of the global rainscreen cladding market.
Growing government initiatives to maintain strict standards of products is likely to boost demand for the global rainscreen cladding market. In addition to this, an increasing demand for aesthetically appealing homes and the increase in multi-family and single construction units on the basis of increasing population is further driving growth in this market. Furthermore, the rainscreen cladding materials possess advantages such as strength, durability, and flexibility, thereby expected to boost demand in this market in the years to come.
An increase in the occurrence of natural calamities such as hurricanes, tsunamis, and wildfires are propelling demand for the global rainscreen cladding market. Moreover, a surge in industrialization and emergence of new companies in the developing countries is expected to boost demand for constructions activities. This could certainly spike demand for the global rainscreen cladding material. The rainscreen cladding market is likely to witness an upsurge owing to increasing demand for rainscreen cladding for these structures of the new building to drive market growth.
In U.S., composite material panels accounted for the largest market share in 2020, owing to their excellent strength, flexibility, and durability. Rise in natural calamities, including hurricanes and wildfires, hitting different parts of U.S., is expected boost the construction sector in the country, thereby positively influencing the growth of the market.
Vented systems, drained systems, and pressure-equalized systems are the key constructions of rainscreen cladding structures available in the industry. Modern open and ventilated structures are expected to offer diverse design opportunities to the builders as well as the architects over the forecast period.
The key players of global Rainscreen Cladding Market include Kingspan Insulation PLC (Ireland), Carea Ltd. (London), MF Murray Companies (U.S.), Celotex Ltd. (U.K.), CGL Facades Ltd. (U.K.), Rockwool International A/S (Denmark), Eco Earth Solutions (India), FunderMax Holding AG (Austria), Euramax (Netherlands), Trespa International B.V. (Netherlands) and others.
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. Favourable 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 fuelling product demand. Positive indicator in construction spending owing to increase in HPL, fibre cement and terracotta demand should stimulate regional growth.
Growing government initiatives to maintain strict standards of products is likely to boost demand for the global rainscreen cladding market. In addition to this, an increasing demand for aesthetically appealing homes and the increase in multi-family and single construction units on the basis of increasing population is further driving growth in this market. Furthermore, the rainscreen cladding materials possess advantages such as strength, durability, and flexibility, thereby expected to boost demand in this market in the years to come.
An increase in the occurrence of natural calamities such as hurricanes, tsunamis, and wildfires are propelling demand for the global rainscreen cladding market. Moreover, a surge in industrialization and emergence of new companies in the developing countries is expected to boost demand for constructions activities. This could certainly spike demand for the global rainscreen cladding material. The rainscreen cladding market is likely to witness an upsurge owing to increasing demand for rainscreen cladding for these structures of the new building to drive market growth.
In U.S., composite material panels accounted for the largest market share in 2020, owing to their excellent strength, flexibility, and durability. Rise in natural calamities, including hurricanes and wildfires, hitting different parts of U.S., is expected boost the construction sector in the country, thereby positively influencing the growth of the market.
Vented systems, drained systems, and pressure-equalized systems are the key constructions of rainscreen cladding structures available in the industry. Modern open and ventilated structures are expected to offer diverse design opportunities to the builders as well as the architects over the forecast period.
The key players of global Rainscreen Cladding Market include Kingspan Insulation PLC (Ireland), Carea Ltd. (London), MF Murray Companies (U.S.), Celotex Ltd. (U.K.), CGL Facades Ltd. (U.K.), Rockwool International A/S (Denmark), Eco Earth Solutions (India), FunderMax Holding AG (Austria), Euramax (Netherlands), Trespa International B.V. (Netherlands) and others.
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. Favourable 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 fuelling product demand. Positive indicator in construction spending owing to increase in HPL, fibre cement and terracotta demand should stimulate regional growth.
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