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2021
Rainscreen Cladding Market

Rainscreen Cladding Market

by Material (Composite Material, Metal, Fiber Cement, Ceramic, and Others), Application (Residential, Commercial, and Industrial), and Construction (New Construction and Renovation): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A07859
Pages: 148
Jul 2021 | 3711 Views
Author(s) : Priyanka Khandelwal
Tables: 70
Charts: 57
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The global rainscreen cladding market size was $113,313.0 million in 2020 and is expected to reach $206,638.0 million by 2030, registering a CAGR of 6.0% from 2021 to 2030. 

The COVID 19 outbreak has affected the growth of the global rainscreen cladding industry owing to the lockdown measure in various countries such as India, U.S., and others and delay in manufacturing and production of rainscreen cladding panels which are utilized in industrial, residential, and commercial spaces.

Rainscreen cladding system is an exterior wall system detail where wall cladding stands off from the resistant surface of a water/air applied to create break and to allow evaporation and drainage. It is used to protect building from expressive moisture. This system is durable, lightweight, easy to install, moisture proof, and provides aesthetic look.  

Rainscreen-Cladding-Market--2021-2030

Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for high appealing designs for buildings are expected to fuel the global rainscreen cladding market growth. Rainscreen cladding products are presently being used in the residential and commercial projects. Increase in urbanization and rise in industrialization result in rapid development of the economies, which boosts the demand for global rainscreen cladding market. Increased urbanization is presently being witnessed in emerging countries such as China, India, and others due to exponential growth in population.

Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly boosts the growth of the rainscreen cladding market.

A benefit associated with composite materials such as long durable, chemical resistance, corrosion resistance, design flexibility, and high performance at elevated temperatures. An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others further propels the growth of the rainscreen cladding market globally. For instance, degree of urbanization in the U.S. increased by 0.4% from 2017 to 2019. In addition, the residential construction expenditure of China is expected to increase every year till 2030. Rise in disposable income of population and change in standard of living drive the adoption of rainscreen cladding system in residential properties; thereby, driving the growth of the market. For instance, disposable income of South African population grew by 1.6% from 2019 to 2020. In addition, rise in construction of commercial buildings & industrial buildings is expected to boost the growth of the market in France. The commercial construction industry in France is expected to reach $227.7 billion by 2024, with a CAGR of 3.8%. These scenarios are favorable for growth of the market in the region during the forecast period.

Rainscreen Cladding Market
By Material

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Ceramic segment is projected to grow at a highest CAGR

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Major players such as Sika AG, Rockwool International A/S, and others are adopting business expansion as key development strategy to improve the geographical presence of the rainscreen cladding products. For instance, in December 2018, Sika AG acquired Arcon Membrane Srl, based in Romania, which deals in roofing and waterproofing system. The acquisition aimed to improve the product portfolio of waterproofing system and cladding panel products.

However, fluctuation in raw material prices and unreliability in harsh weather condition are anticipated to hamper the growth of the global rainscreen cladding market. Furthermore, increase in construction of green buildings is anticipated to provide lucrative opportunities for the growth of the global rainscreen cladding market. 

Rainscreen Cladding Market
By Application

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Commercial segment holds dominant position in 2020

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The global rainscreen cladding market is segmented on the basis of material, application, construction, and region. Based on material, the market is segmented into composite material, metal, fiber cement, ceramic, and others. The composite material segment dominated the market in 2020. Based on application, the market in divided into residential, commercial, and industrial. The commercial segment dominated the market in 2020. Based on construction, the market is divided into new construction and renovation. The renovation segment dominated the market in 2020. 

Regionally, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Europe generated the highest revenue in 2020.

Rainscreen Cladding Market
By Construction

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Renovation segment holds dominant position in 2020

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Competition Analysis

The key players profiled in the market report include Rockwool International A/S, Kingspan Group, Sika AG, SFS Group AG, CGL Systems Ltd, Trespa International B.V., Valcan, Sotech Optima ALL, The Clarison Group Ltd (Alucraft Ltd), and Euro Panels Overseas N.V. 

Major players are adopting acquisition and product launch as key developmental strategies to improve the product portfolio of the global rainscreen cladding market. For instance, in April 2018, Sotech Optima ALL launched an aluminum composite material consists of aluminum skids and plastic core. It possesses features such as lightweight, high rigidity, excellent flatness, and long-lasting coating qualities. It is eco-friendly and environmentally sustainable.

Rainscreen Cladding Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe holds a dominant position in 2020 and Asia-Pacific is expected to grow at a significant rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global rainscreen cladding market trends and dynamics.  
  • In-depth market analysis is conducted by global rainscreen cladding market estimations for the global rainscreen cladding market segments between 2020 and 2030. 
  • Extensive analysis of the global rainscreen cladding market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global rainscreen cladding market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within containment barrier market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global rainscreen cladding market. 

Rainscreen Cladding Market Report Highlights

Aspects Details
BY MATERIAL
  • Composite material
  • Metals
  • Fiber cement
  • High pressure laminates
  • Others
BY APPLICATION
  • Residential
  • Commercial
  • Industrial
BY CONSTRUCTION
  • New construction
  • Renovation
BY REGION
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, Italy, UK, France, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players CGL SYSTEMS LTD., EURO PANELS OVERSEAS N.V., KINGSPAN GROUP, ROCKWOOL INTERNATIONAL A/S, SIKA AG, SFS GROUP AG, SOTECH OPTIMA ALL, TRESPA INTERNATIONAL B.V., THE CLARISON GROUP LTD (ALUCRAFT LTD), VALCAN
 

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The growth in commercial and residential construction building industry and surge in support offered by governments for the global rainscreen cladding market possess significant growth potential during the forecast period. In addition, rise in spending on commercial and residential construction activities fuels the demand for rainscreen cladding; thereby, driving the growth of the rainscreen cladding market.  

An increase in spending on residential and commercial construction industry to meet atmosphere's cool and to protect wall from natural calamities such as storm, hurricanes, and others drives the growth of the global rainscreen cladding market. For instance, in Brazil, according to the Worldbank Group, the government increased its allocation toward tourism sector, which is expected to grow at a rate of 1.48% from 1995 to 2028. China, India, and others are expected to witness increased in new construction activities; thus, driving the growth of the global rainscreen cladding market.

However, fluctuation in raw material prices and requirement of huge initial investment restraint the growth of the global rainscreen cladding market. Moreover, rise in environment concerns and increase in construction of green buildings are anticipated to provide lucrative opportunities for the growth of the global rainscreen cladding market.

 

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FREQUENTLY ASKED QUESTIONS?

A. The Global rainscreen cladding market size was valued at $113,313.0 million in 2020.

A. Based on material, composite material segment holds the maximum market share of the Global rainscreen cladding market in 2020.

A. Based on material, composite material segment holds the maximum market share of the Global rainscreen cladding market in 2020.

A. The Global rainscreen cladding market is projected to reach $206,638.0 million by 2030.

A. The urbanization and growing investment in the road and infrastructure sector are the key trends in the Global rainscreen cladding market.

A. The product launch is key growth strategy of Global rainscreen cladding industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. High fluctuation in raw material cost are the effecting factors for Global rainscreen cladding market.

A. The application of rainscreen cladding system includes its installation in commercial, residential, and industrial spaces.

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