ID: MRFR/CO/2639-HCR | February 2021 | Region: Global | 145 pages
The rainscreen cladding market is all about the protection of buildings and houses from the rainscreen by adding a ventilated cavity or an extended structure to the buildings or new houses to prevent the rainscreen from reaching the walls of the building and damaging it from within. The rainscreen cladding system is developed in such a way that it prevents and removes the force of the rainscreen falling on the exteriors of the building to an opposite direction whereby its exit can be controlled. This not only prevents the buildings from any exterior damage but also keeps the building safe from within.
The rainscreen cladding market share is expected to rise due to a large number of construction activities all around the globe with lots of money being spent to improve the physical appearance of the buildings and to make them more aesthetic which makes the use of rainscreen cladding systems more impactful and in different applications. The rainscreen cladding system not only protects the buildings from rainscreen but also all the dust and other particles present in the atmosphere from any further deterioration on the building.
The global rainscreen cladding market is expected to grow at a CAGR of around 7.1% and the rainscreen cladding market value might be around $14.2 billion due to several drivers acting in favor of the market. The rainscreen cladding market is expected to reap positive results from the Asia Pacific region where the demand for rainscreen cladding is expected to be high due to a large number of construction activities taking place in this region and the rising incomes of people in this region. Moreover, the segment by application is expected to contribute maximum towards rainscreen cladding market share.
Due to the Covid 19 effect, it has been observed that a large number of producers have been forced to shut down their production units and lay off employees but it is assumed that the rainscreen cladding market will soon pick up the pace and the demand for rainscreen cladding materials will increase. It is expected that the post-lockdown period would be a great success for the rainscreen cladding market revenue. It is also analyzed that every segment would be contributing significantly towards the growth of rainscreen cladding market value.
The rainscreen cladding market has been experiencing a diversified growth in all segments and across different regions due to the rising populations and the increasing per capita incomes of people which has shifted the demands of people to highly sophisticated and technologically advanced products and equipment which have acted as a motivating factor to the rainscreen cladding market.
Secondly, the rising expenditure of people towards the construction of new buildings whether residential or non-residential and also the initiatives by the Government towards the construction of new buildings with eco-friendly materials have significantly boosted the demand for the rainscreen cladding systems market and provided a much-needed push.
Apart from this, rising demands of people towards aesthetically rich homes and buildings with better exterior outlooks and properties have significantly boosted the demand for rainscreen cladding systems especially in areas where the rainfall is quite heavy and unprecedented.
The overall growth in the rainscreen cladding market has been expediently rising but certain factors hinder the growth process of the market which include large sums of money to be invested initially in setting up rainscreen cladding companies and thus it restricts various new players to enter the markets.
Another key factor that acts as a barrier towards an increase in rainscreen cladding treatment market share is the lack of knowledge and awareness among people towards these rainscreen cladding systems as these are developed recently and have limited public outreach which can be observed in a way that the sales are few and installations are minimal.
Another key restraint that has been observed off late is the high cost of rainscreen cladding which bars most of the consumers with limited income and resources from installing the rainscreen cladding systems. Thus, it can be said that the rainscreen cladding market has not been able to cater to the needs
The rainscreen cladding market trends have been dedicated towards the use of improved technology in the manufacturing process since the procedure for rainscreen cladding is based on highly scientific procedures and methods and the manufacturing and construction activities involved in the rainscreen cladding market is totally based on the use of advanced tools and machinery.
However, to be more specific, rainscreen cladding procedures involve the use of highly sophisticated use of technology in terms of machinery and equipment that enables the development of new rainscreen cladding materials to be used directly. However, technology plays a major role in the rainscreen cladding market. However, most of the design and structural work is done manually with the help of various technical software.
The technological system to be used soon in the rainscreen cladding market involves using robotics and artificial intelligence systems to provide for easy development of structures and styles for rainscreen cladding materials and the development and manufacturing processes of these rainscreen cladding materials are also to be done with the help of advanced machinery with resilient support from the human workforce.
The rainscreen cladding market has been segmented as follows:
○ The U.S.
○ Saudi Arabia
○ South Africa
The global rainscreen cladding market has been divided into four regions where each region has been contributing significantly in terms of its capabilities and population demands. However, among the four regions, the Asia Pacific region has been accounting for the major rainscreen cladding market share whereby the key drivers towards the growth of the rainscreen cladding industry are developed here, and the population seems to be quite interested in the innovations in terms of new products in the market.
The major rainscreen cladding market revenue is expected to come from countries like China, Japan, Korea, and India. The rainscreen cladding statistics indicate that the major portion of the population in these countries has been highly attracted towards investment in terms of providing protection and aesthetic beauty to their buildings and hence the rainscreen cladding market revenue in these countries has been growing rapidly and providing positive results to the overall rainscreen cladding market share.
The competitive landscape in terms of the rainscreen cladding market has been immense and nail-biting with new players easily entering the market and the existing players making huge investments in this segment.
The key players in the market are more focused on developing future strategies and set themselves as joint ventures to increase the rainscreen cladding market share and size.
The Global report helps the investors to gain meaningful information about the rainscreen cladding market and make decisions wisely. The report discusses the steps taken by the rainscreen cladding market leaders to boost the market growth and inflate market valuation for their good. The report fully summarises the ongoing market scenario in the rainscreen cladding market which would help the intended audience to seek more information about the market. The objective of the report was to fully summarise the key players in the market and their role in boosting the rainscreen cladding market value. The report also discusses the future growth prospects and the competitive landscape in the rainscreen cladding industry and lays down the expected growth rate of the market along with the hindrances it may face.
|Market Size||2030: Significant Value|
|CAGR||7% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kingspan Insulation PLC (Ireland), Carea Ltd. (London), MF Murray Companies (U.S.), Celotex Ltd. (U.K.), CGL Facades Ltd. (U.K.), Rockwool International A/S (Denmark), Eco Earth Solutions (India), FunderMax Holding AG (Austria), Euramax (Netherlands), Trespa International B.V. (Netherlands)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Rainscreen cladding market is projected to grow at a 7% CAGR between 2022-2030.
Europe is expected to have the largest share in the rainscreen cladding market.
Growing demand for energy efficient building construction and rising need for exterior wall protection are the key factors driving the rainscreen cladding market.
Industrial, residential, and commercial are the different end users of the rainscreen cladding market.
Different strategies adopted by key players to stay ahead in the rainscreen cladding market include extensive R&D, new product developments, mergers and acquisitions, joint ventures, strategic alliances, and others.