USD 134.88 Billion
Rainscreen Cladding Market Size, Share, Growth Analysis, By Raw Materials(Fiber Cement, Composite Material, Metal, High-Pressure Laminates), By Application(Residential, Commercial, Official, Institutional), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2246 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
68
|Figures:
77
Rainscreen Cladding Market Insights
Global Rainscreen Cladding Market size was valued at USD 134.88 billion in 2022 and is poised to grow from USD 144.46 billion in 2023 to USD 250.06 billion by 2031, at a CAGR of 7.1% during the forecast period (2024-2031).
Rainscreen cladding has many uses in the global commercial, industrial, and residential sectors because it is strong, light, moisture-proof, and simple to install. The rainscreen cladding shields a building's outer wall from rain and prevents it from entering the interior of the structure. The rapid urbanisation and rising population, which are expected to result in a large number of new construction projects, the rise in non-residential construction, and the high durability of rainscreen cladding systems are the main factors anticipated to propel the growth of the rainscreen cladding market during the forecast period. However, a number of additional factors are predicted to restrain the growth of the rainscreen cladding market over the forecast period, including the rise in raw material and installation costs. In addition, the surge in demand for security systems, improving a building's aesthetic appeal, rising populations, and urbanisation in developed nations will all offer additional opportunities. Additionally, as the demand for sustainable cladding materials and for fibre cement in rainscreen cladding systems rise, the market for this type of cladding will have more favourable growth prospects in the years to come. The future expansion of the market for rainscreen cladding, however, may be further hampered by an increase in repair costs.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Terracotta
Fastest Growth
Metal
Growth Rate
7.10% CAGR
Global Rainscreen Cladding Market ($ Bn)
Country Share for Europe Region (%)
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Rainscreen Cladding Market Segmental Analysis
Global Rainscreen Cladding Market is segmented on the basis of raw materials, application and region. By raw materials, the market is segmented into fiber cement, composite material, metal, high-pressure laminates, terracotta, ceramic. By application, market is segmented into residential, commercial, industrial, official, institutional. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Rainscreen Cladding Market Analysis by Raw Materials
In 2022, the market was dominated by the raw materials for terracotta, which accounted for a maximum share of over 35.5% of worldwide revenue. Due to their great durability, low maintenance requirements, and fire and waterproof qualities, these materials are frequently utilized to create panels for rainscreen cladding constructions. These panels come in a variety of hues, forms, and sizes and can be glazed or unglazed. Due to their flexibility, which enables the claddings to be molded into intricate designs, composite materials are becoming more and more popular in the construction sector. With panels of various colors and sizes, copper, zinc, and aluminum composite materials assist improve the aesthetic appeal of buildings and are 100% recyclable.
The framework that attaches to the building wall and supports the entire cladding system is made of metal, as are the panels that make up the framework. Due to its high tensile strength, endurance, corrosion resistance, superior flatness, stiffness & stability under changing heat conditions, and low maintenance requirements, aluminum and stainless steel are frequently utilized for framework design. Due to its high durability, fire and waterproof qualities, low maintenance requirements, and resistance to the growth of fungi, mould, and bacteria, the market for fiber cement panels is anticipated to expand at a consistent CAGR throughout the forecast period. Commercial suppliers of these panels offer them in a wide range of hues and shapes, which enhances the construction structure's aesthetic appeal.
Rainscreen Cladding Market Analysis by Application
In 2022, the market was headed by the official construction industry, which brought in the biggest amount of money (33% of the total). It is anticipated that rapid industrialization and business expansion will increase the need for new construction, which will likely increase the demand for products in both new office buildings and renovations of older structures. Buildings for hospitals & clinics, retail malls, restaurants & hotels, resorts, and other businesses are all included in the commercial construction section. These are typically sizable structures or groups of structures that need rainscreen cladding constructed of strong and resilient material to safeguard against severe weather conditions.
Single-family homes (also known as standalone homes) and multi-family homes (also known as apartment buildings, clusters, and complexes) are two different types of residential construction. These structures are smaller than those in other segments, hence the rainscreen cladding structure for them requires fewer parts. In the institutional and industrial sectors, rainscreen claddings give visual appeal and thermal insulation to buildings including government structures, industries, warehouses, and schools and other educational institutions. The demand for the product is anticipated to rise as healthcare facilities are built and medical tourism expands, notably in the Asia Pacific area.
Global Rainscreen Cladding Market Size By Raw Material (%)
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Rainscreen Cladding Market Regional Insights
In 2022, the market was led by the Europe region, which generated more than 30.5% of worldwide revenue. The region is anticipated to increase gradually as a result of the substantial product demand from industrialized economies' construction industries. The region's ongoing residential and commercial development projects accounted for the largest portion of rainscreen cladding applications. Because of rising development for shale gas exploration operations, new power plants, social infrastructure, and commercial projects, the need for rainscreen cladding in North America is anticipated to increase significantly in the projected time.
The industrial sector private investments are increasing product demand. Due to the rise of the construction sector in the region, the market in the Asia Pacific is anticipated to experience considerable growth over the course of the forecast period. The demand for new building projects is anticipated to increase due to rising per capita income, fast urbanization, and rising population, which is predicted to propel market expansion in the area. Due to the growing infrastructure investments by both local and international firms, the construction industry is predicted to experience significant development.
Global Rainscreen Cladding Market Size By Geography
- Largest
- Fastest
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Rainscreen Cladding Market Dynamics
Rainscreen Cladding Market Drivers
Growing Emphasis on Building Aesthetics
- Rainscreen cladding offers a wide range of design options, textures, and colors, allowing architects and designers to enhance the visual appeal of buildings. With a focus on creating visually striking facades, rainscreen cladding has gained popularity in both commercial and residential construction.
Improved Building Performance and Durability
- Rainscreen cladding systems provide a protective barrier against moisture intrusion and help manage water runoff. By preventing water damage and maintaining the integrity of the building envelope, rainscreen cladding contributes to the longevity and durability of structures.
Rainscreen Cladding Market Restraints
Complexity of Design and Installation
- Rainscreen cladding systems require careful design and precise installation to ensure proper performance and durability. The complexity of design and installation can be a restraint, as it may require specialized knowledge and expertise. Improper installation or design can compromise the effectiveness and longevity of the rainscreen cladding system.
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Rainscreen Cladding Market Competitive Landscape
Due to the existence of multiple local and international firms, the market is very competitive. The obstacles for the market's established players are changes in the pricing of raw materials and new competitors' strategy. The keys to surviving in a cutthroat climate are constant R&D and cutting-edge process practices. To maintain competitiveness and lower the overall cost of rainscreen cladding, major competitors in the market are concentrating on mergers, acquisitions, and joint ventures.
Rainscreen Cladding Market Top Player’s Company Profiles
- Kingspan Group (Ireland)
- Carea Group (France)
- ETEX Group (Belgium)
- Rockwool International A/S (Denmark)
- Cembrit Holding A/S (Denmark)
- Trespa International B.V. (Netherlands)
- Equitone (Belgium)
- Prodema (Spain)
- James Hardie Industries PLC (Ireland)
- Sotech Limited (United Kingdom)
- Swisspearl (Switzerland)
- Marley Ltd. (United Kingdom)
- Steni AS (Norway)
- Ruukki Construction (Finland)
- Etex Façade (Belgium)
- Parklex (Spain)
- Shackerley (Holdings) Group Ltd. (United Kingdom)
- FunderMax (Austria)
- EuroPanels GmbH (Germany)
- CGL Facades Ltd. (United Kingdom)
- Nichiha Corporation (Japan)
- CUPA PIZARRAS (Spain)
Rainscreen Cladding Market Recent Developments
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In June 2023, Sustainability remains a key driver in the rainscreen cladding market. Manufacturers develop and promote rainscreen systems that contribute to improved building energy efficiency. This can involve features like enhanced insulation and ventilation properties.
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In November 2023, The market sees advancements in rainscreen cladding technology. This could include the integration of self-cleaning coatings or smart materials that optimize building performance. These advancements cater to the demand for high-performance and sustainable building solutions.
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In April 2024, Updates to building codes and regulations in various regions may influence the rainscreen cladding market. New regulations could promote the use of rainscreen systems for improved building safety or energy efficiency, potentially driving market growth.
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In March 2023, James Hardie Industries announced that it had acquired the rainscreen cladding business of Axon International. The acquisition will allow James Hardie to expand its product portfolio and reach new markets.
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In February 2023, Saint-Gobain announced that it had launched a new rainscreen cladding system called Rainscreen Evolution. The system is designed to be more durable and energy-efficient than traditional rainscreen cladding systems.
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In January 2023, Rockwool International announced that it had expanded its rainscreen cladding product range. The new products are designed to meet the needs of a wider range of applications.
Rainscreen Cladding Key Market Trends
- With a growing emphasis on sustainability and energy efficiency, there is a rising demand for rainscreen cladding systems that offer thermal insulation and reduce a building's energy consumption. These systems help in improving the overall energy performance of buildings by minimizing heat loss or gain.
- The increase in desire to develop visually appealing buildings and rise in disposable incomes propel the growth of the market. The rainscreen cladding offers designers and architects a wide range of design materials and options which further promote the use for aesthetic purpose. Thus, the rise in need for aesthetic requirements by individuals for buildings drives the growth of the market.
Rainscreen Cladding Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global rainscreen cladding market has experienced significant growth in recent years, driven by various factors such as increasing construction activities, rising demand for energy-efficient buildings, and growing awareness about the benefits of rainscreen cladding systems. With multiple major firms vying for market dominance, the industry is fragmented. These companies focus on product development, strategic partnerships, mergers and acquisitions, and expanding their distribution networks to strengthen their position in the market. The global rainscreen cladding market is poised for continued growth due to the increasing demand for energy-efficient and visually appealing building solutions. The market is driven by factors such as construction industry growth, sustainability initiatives, material innovation, and regional dynamics.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 134.88 Billion |
| Market size value in 2031 | USD 250.06 Billion |
| Growth Rate | 7.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Rainscreen Cladding Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Rainscreen Cladding Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Rainscreen Cladding Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rainscreen Cladding Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rainscreen Cladding Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rainscreen Cladding Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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