Lewes, DE -- (SBWIRE) -- 02/07/2019 -- Global Cladding Systems market will register a 7.0% CAGR in terms of revenue, reach US$ 259900 million by 2023, from US$ 173600 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Cladding Systems market for 2018-2023.

Cladding systems. Wall cladding means that the exterior of a building is covered with panels of a different material than they cover up. To maintain the structure, frame and exterior walls of a building, certain panel systems are applied. The panels are installed over other materials used in construction.

Vinyl accounted for the largest market share in 2017. This is because of its low cost and easy installation techniques. Vinyl siding is the most preferred siding for residential buildings. Vinyl siding is durable and can last for up to 30 to 40 years. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other cladding materials include stone & brick, wood, stucco & EIFS, metal, and fiber cement.

Over the next five years, study projects that Cladding Systems will register a 7.0% CAGR in terms of revenue, reach US$ 259900 million by 2023, from US$ 173600 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Cladding Systems market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Brick & stone
Wood
Stucco & EIFS
Metal
Vinyl
Fiber cement
Others (concrete and weatherboard)
Segmentation by application:
Residential
Non-residential
Commercial
Industrial
Others (educational institutes, stadiums, and airport)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Tata Steel Limited (India)
Alcoa Inc. (U.S.)
Etex Group (Belgium)
James Hardie Industries PLC (Ireland)
Compagnie de Saint Gobain SA (France)
Boral Limited (Australia)
Axiall Corporation (U.S.)
CSR Limited (Australia)
Nichiha Corporation (Japan)
Cembrit Holding A/S (Denmark)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Cladding Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Cladding Systems market by identifying its various subsegments.
Focuses on the key global Cladding Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cladding Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Cladding Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 131 pages "Forecast of Global Cladding Systems Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Cladding Systems by Players, Cladding Systems by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Cladding Systems Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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