Sarasota, FL -- (SBWire) -- 04/18/2019 --Zion Market Research has published a new report titled "Rainscreen Cladding Market by Raw Material (Fiber Cement, Composite Material, High-Pressure Laminates, Metal, Terracotta, and Ceramic) and by Application (Residential, Commercial, and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global rainscreen cladding market was valued at approximately USD 249 million in 2018 and is expected to generate around USD 377 million by 2025, at a CAGR of around 6.1% between 2019 and 2025.
The ongoing constructional activity due to rapid industrialization and urbanization is the primary factor stimulating the global rainscreen cladding market growth. The increasing per capita income of people coupled with high purchasing power has increased the demand for smart buildings. The ongoing technological developments in the field of façade and rainscreen cladding are going to have a positive impact on the rainscreen cladding market growth. With the help of modern technology, currently, various enhancements and up-gradations in cladding system for superior performance and durability are being witnessed across the globe. Organizations are significantly investing in R&D activities for their product up-gradation. Post enhancement, these systems feature high-grade moisture management properties that include fire, chemical, and UV resistant. The rainscreen cladding system has the capability to overcome corrosion and help in consecutive and speedy processing along with easy installation and, which is further driving this market's growth. Furthermore, the growing demand for supermarkets and malls in emerging economies, owing to consumer preference has shifted towards the single outlet destinations, are likely to further boost the rainscreen cladding market in the future. However, the volatility in raw material prices may hamper the rainscreen cladding market in the future.
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Based on raw material, the rainscreen cladding market is segmented into fiber cement, composite material, high-pressure laminates, metal, and ceramics. The metal segment is expected to dominate the rainscreen cladding market in the future, owing to the rising adoption of aluminum cladding systems due to its lightweightness, recyclability, and resistant to algae, fungi, and corrosion. On the basis of application, the market is classified into residential, commercial, and industrial sectors. The residential segment is expected to dominate the rainscreen cladding market over the estimated timeframe, due to the rising demand for smart and energy efficient buildings.
By region, the North American rainscreen cladding market held an extensive revenue share in the global market in 2018, due to the growing employment opportunities in the region. These large job opportunities will promote more residential constructions across the region. Moreover, the ongoing developments related to power plant projects and shale gas exploration efforts throughout the region are anticipated to further boost this regional market's growth in the upcoming years. The European region is expected to provide significant growth opportunities in the global rainscreen cladding market in the future, due to increasing disposable income, a growing number of European Commission's investment plans, and low-interest rates.
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Some key players of the global rainscreen cladding market are Rockwool International, Kingspan Insulation, CGL Facades, Eco Earth Solutions India, Euramax, Trespa International, EuroPanels, Middle East Insulation, Celotex, Dow Building Solutions, Lakesmere International Ltd., MF Murray Companies, Sotech, Valcan Ltd., Finilex, and Alucraft Group.
This report segments the global rainscreen cladding market as follows:
Global Rainscreen Cladding Market: Raw Material Analysis
Fiber Cement
Composite Material
High-Pressure Laminates
Metal
Terracotta
Ceramic
Global Rainscreen Cladding Market: Application Analysis
Residential
Commercial
Industrial
Global Rainscreen Cladding Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Global Rainscreen Cladding Market Is Projected to Reach USD 377 Million by 2025
Global Rainscreen Cladding Market Is Projected To Reach USD 377 Million By 2025