ID: MRFR/CO/7228-HCR | February 2021 | Region: Global | 107 pages
Market Synopsis: Global Metal cladding Market
The market is expected to grow at a significant growth rate over the forecast period. This growth can be attributed to rising customer spending power, mainly in emerging economies such as India, China, Japan, Brazil, and GCC countries. Furthermore, the use of metal as a material for cladding offers a durable, harmonious, and modern appearance to the building. The demand for metal cladding is expected to be driven by a rise in the number of building construction activities and growing awareness among homeowners about metal cladding benefits. Due to the growing urbanization, the need for new residents as well as commercial construction projects is growing, which is expected to fuel the demand for cladding metal panels around the world. Furthermore, increasing consumer preference for prefinished metal cladding while constructing commercial spaces as it enhances the aesthetic appeal of a building. However, fluctuating raw material prices may hamper the market growth.
The metal cladding market is highly competitive with presence of high numbers of market players. The manufactures are focusing towards merger and acquisition to remain in sync with the global demand. For Instance, In April 2018, James Hardie Industries Plc., an Ireland-based company acquired a European building material business- Fermacell GmbH (Germany), to strengthen their business.
In May 2018, Tata Steel Limited’s wholly owned subsidiary Bamnipal Steel Limited (BNPL) (India) acquired Bhushan Steel Limited (BSL) (India), this acquisition help company to increase the steel capacity of the Tata Steel Group as a whole.
The Metal Cladding Market size was valued at USD 3.5 Billion in 2018; it is expected to witness 4.4% CAGR during the forecast period.
By region, the global metal cladding market has been segmented as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. In 2018, Asia-Pacific held the largest share in the global metal cladding systems market, followed by Europe and North America. Increasing FDI investment in construction industry have created lucrative opportunities for metal cladding in Asia Pacific. Europe holds the second largest market share in metal cladding systems market, the growth of the construction industry along with the presence of major manufacturers in this region have led to a high demand for cladding market.
The Global Metal Cladding Industry has been segmented into Type, Application, and Region. the global market is segmented, based on material, into the aluminum cladding, galvanized steel, cladding, zinc cladding, copper cladding, titanium cladding, brass cladding, and bronze cladding. The copper cladding likely to dominate the global metal cladding market. Copper is the most widely used metal in cladding, the higher application is due to durability, malleability and has ideal properties for various types of building cladding structures. By application, the global market is segmented as residential, commercial, and industrial. In 2018, the commercial segment held the largest market share in the global cladding market and is expected to witness the highest CAGR during the forecast period. The commercial segment is further segmented as office spaces, healthcare, shopping malls & centers, educational centers, hospitality, and others. Commercial Building Construction industry revenue has grown significantly in the past five years and likely to maintain the same trend over the forecast period.
The Key Players operating in the Global Metal Cladding Industry ASTEC Industries Inc. (US), A. Zahner (US), ArcelorMittal Construction (Luxembourg), Anclajes Grapamar S.L (Spain), Ancon Limited (UK), ATAS International (US), BASF (Germany), Bemo Systems (Germany), BlueScope Steel (Australia), Huntsman Corporation (US), James & Taylor, Kalzip Ltd (UK), POHL Fassaden (Christian Pohl GmbH) (Germany) and Other players
Frequently Asked Questions (FAQ) :
Global metal cladding market is projected to grow at approximately 4.4 % CAGR during the assessment period (2019-2025).
Global metal cladding market had created a valuation of around USD 3.5 BN in 2018.
Commercial is the largest application segment in the global metal cladding market.
Asia Pacific holds the largest sharein the global metal cladding market, followed by Europe and North America, respectively.
Anclajes Grapamar S.L (Spain), BASF (Germany), ATAS International (US), Ancon Limited (UK), ArcelorMittal Construction (Luxembourg), A. Zahner (US), BlueScope Steel (Australia), Bemo Systems (Germany), ASTEC Industries Inc. (US), Huntsman Corporation (US), Kalzip Ltd (UK), James & Taylor, and POHL Fassaden (Christian Pohl GmbH) (Germany), are some of the top players operating in the global metal cladding market.