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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