Rainscreen Cladding Market to be Worth $233.08 Billion by 2030 - Grand View Research, Inc.

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Sep 06, 2022, 09:30 ET

SAN FRANCISCO, Sept. 6, 2022 /PRNewswire/ -- The global rainscreen cladding market size is expected to reach USD 233.08 billion by 2030, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for the aesthetic appeal of new as well as renovated buildings and protection against fire, rainwater, and air is likely to drive the industry growth for rainscreen cladding structures. The growing need for enhanced moisture management and energy-efficient solutions for buildings is likely to propel the product demand. Shifting consumer trends toward the protection of exterior walls in residential, commercial, and non-residential buildings, including offices and institutions are boosting the product demand.

Key Industry Insights & Findings from the report:

The demand for terracotta panels is expected to grow at a steady CAGR over the forecast period owing to their fire-resistant and thermal insulation properties that find applications in commercial and office constructions.
Europe dominated the market in 2021 on account of the recovery of its residential & commercial segments and increasing construction practices owing to an increase in immigration rates.
The growth of the North America regional market is attributed to the high demand from the residential sector, extensively developed manufacturing industry, and government initiatives to develop social infrastructure.
The office construction segment is expected to register the highest product demand during the projected period owing to rising employment rates and regional expansion of existing companies that require the construction of new office spaces.
Integrations, development of new technologies in manufacturing & installation practices, and introduction of innovative designs are the key strategies adopted by market players.

Read 252-page market research report, 'Rainscreen Cladding Market Size, Share & Trends Analysis Report By Raw Material (Fiber Cement, Terracotta), By Application (Residential, Official), By Region (North America, EU, APAC), And Segment Forecasts, 2022 - 2030', published by Grand View Research.

Rainscreen Cladding Market Growth & Trends

A large number of players are based in North American and European economies owing to the easy access to raw materials. Innovations and technological advancements in manufacturing and installations are the key factors for producers to sustain in the competition. The manufacturers have established contacts with the suppliers to secure material flow for the product manufacturing. Aluminum composite materials, fiber cement, and terracotta are widely used for manufacturing the rainscreen components owing to their high durability, fire & waterproof properties, and resistance to the growth of bacteria, fungi, and mold. However, unstable prices for raw materials and installation charges for the structure are expected to hamper the overall pricing for rainscreen claddings.

Rainscreen Cladding Market Segmentation

Grand View Research has segmented the global rainscreen cladding market based on raw material, application, and region:

Rainscreen Cladding Market - Raw Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

Fiber Cement
Composite Material
Metal
High-pressure Laminates
Terracotta
Ceramic
Others

Rainscreen Cladding Market - Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

Residential
Commercial
Official
Institutional
Industrial

Rainscreen Cladding Market - Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Russia
Spain
Italy
Austria
Poland
Belgium
Denmark
Turkey
Switzerland

Asia Pacific

China
Japan
India
South Korea
Malaysia
Thailand
Indonesia
Singapore
Vietnam

Latin America

Brazil
Mexico
Argentina
Colombia

Middle East & Africa

Saudi Arabia
UAE
Qatar
Kuwait
Bahrain
Oman
Egypt
South Africa

List of Key Players in Rainscreen Cladding Market

Kingspan Insulation plc
Carea Ltd.
M.F. Murray Companies, Inc.
Celotex Ltd.
CGL Facades Co.
Rockwool International A/S
Eco Earth Solutions Pvt. Ltd.
FunderMax
Everest Industries Limited
OmniMax International, Inc.
Trespa International B.V.
Middle East Insulation LLC
Euro Panels Overseas N.V.
Centria International
Dow Building Solutions

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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