Report

Global Cladding Systems Market Size study, By Material (Ceramic, Brick & Stone, Metal, Wood, Vinyl, Stucco & EIFS, Fiber Cement, Others), By Use (Walls, Roofs, Others), By Application (Residential, Non-Residential), and Regional Forecasts 2022-2028

  • Publish Date: May,2022
  • Report ID: QI037
  • Page : 250
  • Report Type : PDF (Email)
Global Cladding Systems Market is valued approximately USD 263.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.44% over the forecast period 2022-2028.

Cladding refers to the layer of non-load bearing put on to the outer surface of a building to sack water and safeguard the building from diverse weather conditions. The cladding systems are adopted in various techniques to prevent wind and rain from entering through the intersections of the buildings. These systems encompass horizontal or vertical sheet and boards materials or smaller overlapping panels like shingles and tiles. These systems offer functions such as precipitation control, vapor and air control, crack control and movement joints, and insulation. Cladding Systems materials include wood, ceramic, metal, fiber cement, others. The thriving growth of the construction industry, an increasing number of non-residential construction and infrastructure activities, rapid urbanization, coupled with high durability of the cladding systems are the primary factors that are attributing towards the global market growth. For instance, as per the news released by Global Construction 2030, it is estimated that the total volume of construction output will rise by 85% and reached USD 15.5 trillion around the world by 2030. This development is largely impelled by the United States, India, and China by contributing a 57% share to the growth of the construction segment worldwide. Thereby, rising investments in construction activities are propelling the demand for the cladding systems market. However, high raw material and installation costs and increasing repairing costs impede the growth of the market over the forecast period of 2022-2028. Also, growing demand for protective systems enhancing the aesthetic appeal of a building and rising need for fiber cement in cladding systems are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Cladding Systems market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising number of non-residential and residential construction activities, penetration of novel technologies, and growth of emerging markets such as South Korea, India, China, Australia, and Japan. Whereas, Europe is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising availability of raw materials, as well as, rapid urbanization, would create lucrative growth prospects for the Cladding Systems market across the European region.

Major market players included in this report are:

Compagnie de Saint-Gobain S.A.

DowDuPont Inc.

Tata Steel Limited

Arconic Corporation

Etex Group

James Hardie Industries PLC

CSR Limited

Nichiha Corporation

Boral Limited

Louisiana Pacific Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material

Ceramic

Brick & Stone

Metal

Wood

Vinyl

Stucco & EIFS

Fiber Cement

Others

By Use

Walls

Roofs

Others

By Application

Residential

Non-Residential

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Cladding Systems Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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