Global Cladding System Market Research Report - Forecast to 2027

Cladding System Market Information by Materials (Wood, Metal, Vinyl, Brick & stone and others), by Components (Window, Doors, Wall, Roof Light, Vent and Others), by Application (Residential and Non-residential) and by Region - Forecast to 2027

ID: MRFR/CO/1373-HCR | February, 2021 | Region : Global

Cladding System Market Overview: 


The cladding system market analysis shows that the market growth is 6% in the forecast period. 


A good cladding system will protect the building from weather conditions. The cladding panels can resist water, moisture and heat from entering the building structure. The phenomenal advance of the cladding system is thermal efficiency. The cladding system market is experiencing higher demand. The construction of modular, energy-efficient and smart-building is impacting the cladding system market growth. The cladding system can offer high performance at a low cost. All these factors benefit the cladding system market. 


Cladding is a crucial aspect of any construction project. The cladding is an additional fixture to the exterior of the building. It changes the primary structure of the construction. It is a material that enables the shifting back of snow, wind loads and impact loads. It is exceptional safety equipment that protects the structure of the building.


Covid analysis 


The covid 19 cladding system market trends is declining. The decrease in demand is the reason for the less demand for the product. The economic fluctuations are massive during this period. Also, the investment in the construction industry is less. Due to covid 19, the demand and supply chain is affecting the cladding system market revenue is affectedDue to the less demand, the price of the cladding system is decreasing. It affects the profitability of the cladding system market. 


The industrialization and construction market is facing several challenges. It creates a negative impact on the cladding system market. Furthermore, the spread of covid 19 has caused a global shutdown of cladding system manufacturing facilities. Also, the shortage of raw materials is affecting the overall production. These are all the challenges that affect the cladding system market during covid 19. 


The key players of the cladding system market are 



  1. Rockwool International A/S

  2. Saint-Gobain S.A

  3. Everest Industries Limited

  4. DowDuPont

  5. Westlake Chemical,

  6. SIKA

  7. Tata Steel Limited

  8. James Hardie Industries PLC

  9. Arconic

  10. Etex Group


Market dynamics 



  • Crucial market drivers 


There are three crucial drivers of the cladding system market. The aesthetics, exceptional performance low cost of maintenance are the three factors that propel the cladding system market growth. The exterior part of the building can cause high energy loss in the residential and commercial building. There are a few factors that affect the building due to poor insulation. The demand for the cladding system is due to its attractive designs and styles. These cladding panels are available in plenty of variations. They can make the exterior of the building impressive. Most of the building incorporates the cladding system due to the excellent appearance and texture they offer to the building exterior.


However, the construction industry is inclined to the cladding system due to its high performance. These high performing panels provide ultra protection to the building. They are resistant to moisture or any other external factor that can damage the building. The high performance of cladding panels is a crucial driver for the market. Lastly, the cladding panels are low maintenance equipment. Due to its features and low maintenance benefits, most of the building constructors incorporate this equipment. These crucial drivers can have a positive impact on the cladding system market. Also, these factors are the crucial reasons for high cladding system market revenue



  • Market growth opportunities


Innovation in the cladding system market will lead to plenty of growth opportunities. The launch of an innovative cladding system will secure the future of the market. Also, the ongoing high demand trend will sustain. In the upcoming years, the use of eco-friendly cladding panels will receive much recognition. The cladding system panels from agricultural waste and recycled paper will stir the attention of end-users. 


The launch of these eco fetidly cladding system will open new growth possibilities in the forecast period. Moreover, the key players of the cladding system market are trying to introduce cladding systems with longevity. The longevity of cladding panels is highly essential in the construction industry. The launch of these new products will spark future growth opportunities. These hybrid cladding panels are corrosion resistant, chemical resistant and heat resistant. All these growth opportunities of the cladding system will lead to market expansion.  



  • The market restraints 


The cladding system market has few restraints that affect the growth in the forecast period. The cladding system is an additional cost to the building. By using the system there are several cost benefits. However, the installation cost of the system is expansive. The cost is a major challenge to the market. With product efficiency, most end-users require cost-effectiveness. However, the installation prices and operational cost adds up to the overall cost of the construction work. Therefore, the cost can have a declining effect on the market. The key payers of the market are taking initiatives to fix these issues. 



  • The market challenges 


The cladding system market has some uncertain challenges. The lack of product awareness is a major challenge. Brand awareness is also less in the market. Most of the contractors do not look into the brand before purchasing him cladding panels. Wore, the lack of brand awareness is a threat to the market. This challenge results in purveys of poor quality alternatives of the cladding panels. It earns a bad reputation and revenue losses in the market. The lack of promotion for the brand is a significant threat. During the forecasts period, this challenge can adversely affect the market. 



  • Cumulative growth analysis 


The cladding system market trends are stable. The future of the cladding system market value depends on the efficiency and cost-effectiveness of the product. However, the installation rates are crucial concerns in the market. There are also plenty of crucial drivers that enhance market growth and expansion. The product variation, high-end features and performance of the panels are the crucial market drivers. Moreover, the innovation in the cladding system market will provide growth prospects. During the forecasts period, the growth of the market is stable. Further, the positive market trends will continue the forecast period. 



  • Value chain analysis 


The Asia Pacific region will dominate the market by possessing maximum cladding system market shareThe plentiful raw material to manufacture cladding system is the crucial driver in this region. Also, the technological advancements in the cladding system market are high in this region. The continuous rise in the industrialization and construction industry will fuel the demand for a cladding system. Also, the investments in the construction market are high in this region. All these aspects have a positive impact on the cladding system market in the forecast period. 


Segment overview 


By material type 



  • Fibre cement 

  • Ceramic 

  • Wood 

  • Brick and stone 

  • Stucco 


By application 



  • Instructions 

  • Residential 

  • Commercial ‘

  • Industrial 

  • Offices 

  • Roofs and walls 


Regional analysis 


The Asia Pacific is the fastest growing cladding system market in the world. Other countries that are expected to have a massive demand Europe and North America. The Asia Pacific countries market growth rates are China, India, Malaysia, Thailand and Japan. These regions are suitable to set up and manufacture cladding system market. The availability of raw materials and fewer labour costs are the reasons for growth in the regions. Also, industrial activities and governmental support are exceptional assistance for the growth of the cladding system market. There are plenty of R& D programs that are also the driving factors of the Asia pacific that drive even more demand. The escalating population and industrialization provide more future growth opportunities for the market in North America. The Middle East and Latin America are emerging market with incredible growth possibilities. 


The recent developments 



  1. The key players of the market are partnering with the local construction companies in their regions. It enables them to get more offers both in the local and international areas. Moreover, it is an excellent way to create cladding system brand awareness among the local constructions. 



  1. The key players of the market are launching new cladding system panels that offer high insulation benefits. These panels are suitable for high-end sophisticated building construction. It is an exception that will benefit plenty of residential and commercial spaces. 



  1. The key players of the market are introducing the co friendly cladding system and panels. It offers added benefits to energy-efficient building constructions. 


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments

Table of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain of Global cladding system Market

5 Industry Overview of Global cladding system Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global cladding system Market by Region

8. Global cladding system Market by Materials

9.Global cladding system Market by Components

10. Global cladding system Market by Application

11. Company Profiles

11.1 Tata Steel Ltd

11.1.1 Overview

11.1.2 Financials

11.1.3 Product Portfolio

11.1.4 Business Strategies

11.1.5 Recent Development

11.2 Alcoa Inc.

11.2.1 Overview

11.2.2 Financials

11.2.3 Product Portfolio

11.2.4 Business Strategies

11.2.5 Recent Development

11.3 Etex Group

11.3.1 Overview

11.3.2 Financials

11.3.3 Product Portfolio

11.3.4 Business Strategies

11.3.5 Recent Development

11.4 James Hardie Industries Plc.

11.4.1 Overview

11.4.2 Financials

11.4.3 Product Portfolio

11.4.4 Business Strategies

11.4.5 Recent Development

11.5 Boral Ltd

11.5.1 Overview

11.5.2 Financials

11.5.3 Product Portfolio

11.5.4 Business Strategies

11.5.5 Recent Development

11.6 Axiall Corporation

11.6.1 Overview

11.6.2 Financials

11.6.3 Product Portfolio

11.6.4 Business Strategies

11.6.5 Recent Development

11.7 CSR Ltd

11.7.1 Overview

11.7.2 Financials

11.7.3 Product Portfolio

11.7.4 Business Strategies

11.7.5 Recent Development

11.8 Nichiha Corporation

11.8.1 Overview

11.8.2 Financials

11.8.3 Product Portfolio

11.8.4 Business Strategies

11.8.5 Recent Development

11.9 Cembrit Holding A/S

11.9.1 Overview

11.9.2 Financials

11.9.3 Product Portfolio

11.9.4 Business Strategies

11.9.5 Recent Development

11.10 Compagnie de Saint Gobain SA

11.10.1 Overview

11.10.2 Financials

11.10.3 Product Portfolio

11.10.4 Business Strategies

11.10.5 Recent Development

12. Conclusion LIST OF TABLES

List of Table

Table 1 World Population By Major Regions (2015 To 2030) (Billion)

Table 2 Global cladding system Market: By Region, 2020-2027 (USD Billion)

Table 3 Global cladding system Market: By Region, 2020-2027 (Kt)

Table 4 North America Global cladding system Market: By Country, 2020-2027 (USD Billion)

Table 5 Europe Global cladding system Market: By Country, 2020-2027 (USD Billion)

Table 6 Asia-Pacific Global cladding system Market: By Country, 2020-2027 (USD Billion)

Table 7 RoW Global cladding system Market: By Country, 2020-2027 (USD Billion)

Table 8 Global cladding system Market: By Regions, 2020-2027 (USD Billion)

Table 9 North America Global cladding system Market By materials: By Country, 2020-2027 (USD Billion)

Table 10 Europe America Global cladding system Market By materials: By Country, 2020-2027 (USD Billion)

Table 11 Asia-Pacific America Global cladding system Market By materials: By Country, 2020-2027 (USD Billion)

Table 12 RoW America Global cladding system Market By materials: By Country, 2020-2027 (USD Billion)

Table 13 Global cladding system Market By components : By Regions, 2020-2027 (USD Billion)

Table 14 North America Global cladding system Market By components: By Country, 2020-2027 (USD Billion)

Table 15 Europe America Global cladding system Market By components: By Country, 2020-2027 (USD Billion)

Table 16 Asia-Pacific America Global cladding system Market By components: By Country, 2020-2027 (USD Billion)

Table 17 RoW America Global cladding system Market By components: By Country, 2020-2027 (USD Billion)

Table 18 Global cladding system Market By Applications : By Regions, 2020-2027 (USD Billion)

Table 19 North America Global cladding system Market By Applications: By Country, 2020-2027 (USD Billion)

Table 20 Europe Global cladding system Market By Applications: By Country, 2020-2027 (USD Billion)

Table 21 Asia-Pacific Global cladding system Market By Application: By Country, 2020-2027 (USD Billion)

Table 22 RoW Global cladding system Market By Applications: By Country, 2020-2027 (USD Billion)

Table 23 Global materials Market: By Region, 2020-2027 (USD Billion)

Table 24 Global components Market: By Region, 2020-2027 (USD Billion)

Table 25 Global Applications Market: By Region, 2020-2027 (USD Billion)

Table 26 North America Global cladding system Market, By Country (USD Billion)

Table 27 North America Global cladding system Market, By materials (USD Billion)

Table 28 North America Global cladding system Market, By components (USD Billion)

Table 29 North America Global cladding system Market, By Applications (USD Billion)

Table 30 Europe Global cladding system Market, By Country (USD Billion)

Table 31 Europe Global cladding system Market, By materials (USD Billion)

Table 32 Europe Global cladding system Market, By components (USD Billion)

Table 33 Europe Global cladding system Market, By Applications (USD Billion)

Table 34 Asia-Pacific Global cladding system Market, By Country (USD Billion)

Table 35 Asia-Pacific Global cladding system Market, By materials (USD Billion)

Table 36 Asia-Pacific Global cladding system Market, By components (USD Billion)

Table 37 Asia-Pacific Global cladding system Market, By Applications (USD Billion)

Table 38 ROW Global cladding system Market, By Country (USD Billion)

Table 39 ROW Global cladding system Market, By materials (USD Billion)

Table 40 ROW Global cladding system Market, By components (USD Billion)

Table 41 ROW Global cladding system Market, By Applications (USD Billion)

LIST OF FIGURES

FIGURE 1 Global cladding system Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global cladding system Market

FIGURE 4 Value Chain of Global cladding system Market

FIGURE 5 Share of Global cladding system Market in 2020, by country (in %)

FIGURE 6 Global cladding system Market, 2020-2027, (USD billion)

FIGURE 7 Sub-segments of Global cladding system Market

FIGURE 8 Global cladding system Market size by Materials

FIGURE 9 Share of Wood in Global cladding system Market, 2020 to 2027

FIGURE 10 Share of Metal in Global cladding system Market, 2020 to 2027

FIGURE 11 Share Vinyl in Global cladding system Market, 2020 to 2027

FIGURE 12 Share of Masonry in Global cladding system Market, 2020 to 2027

FIGURE 13 Share of Brick & Stone in Global cladding system Market, 2020 to 2027

FIGURE 14 Global cladding system Market size by Components

FIGURE 15 Share of Window in Global cladding system Market, 2020 to 2027

FIGURE 16 Share of Doors in Global cladding system Market, 2020 to 2027

FIGURE 17 Share of Wall in Global cladding system Market, 2020 to 2027 FIGURE 20 Share of Gutters in Global cladding system Market, 2020 to 2027

FIGURE 18 Share of Roof light in Global cladding system Market, 2020 to 2027

FIGURE 19 Share of vent in Global cladding system Market, 2020 to 2027

FIGURE 20 Global cladding system Market size by Application

FIGURE 21 Share of Residential in Global cladding system Market, 2020 to 2027

FIGURE 22 Share of Non-residential in Global cladding system Market, 2020 to 2027

Cladding System Market