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Rainscreen Cladding Market (Construction - New Construction, and Renovation; Material - Composite Materials, Metal, Fiber Cement, Ceramic, and Others; Application - Residential, and Non-residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : August, 2021

  • Rep Id : EIM0083

  • Category : Energy, Mining and Infrastructure

  • Status : Published

A recent report published by Infinium Global Research on rainscreen cladding market provides in-depth analysis of segments and sub-segments in the global as well as regional rainscreen cladding market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional rainscreen cladding market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global rainscreen cladding market. According to the report, the global rainscreen cladding market is projected to grow at a CAGR of 7.82% over the forecast period of 2021-2027, growing from nearly USD 11.22 billion in 2020 to about USD 18.78 billion in 2027.

 

Market Insight

Rainscreen is an outer skin of rear-ventilated cladding in which the outer layer keeps out the rain and the inner layer provides thermal insulation, prevents excessive air leakage, and carries wind loading. The wall cladding systems are applied to many commercial and residential buildings. Rainscreen cladding system consists of a bearing wall, an insulation layer, and a cladding material. This system uses a variety of cladding materials such as composites, metal, fiber cement, and ceramic. Rainscreen cladding systems create an air cavity between the wall and the cladding material, which provides continuous ventilation. Due to the air cavity that allows continuous ventilation, the rainscreen cladding system saves a lot of energy, making it an energy-efficient cladding system. Along with being energy-efficient, the rainscreen cladding system is easy to install and offers thermal and acoustic insulation. Such advantages of the rainscreen cladding have augmented its popularity across the construction sector.

 

COVID-19 pandemic has caused disruptions for the global construction material industry over a short period. The industry is facing a shortage of skilled and unskilled laborers as lockdown compelled a large proportion of the workforce to stay indoors. Moreover, the supply of raw materials imported from China was lowered due to the pandemic. The market players try to find newer suppliers for the raw materials to achieve self-sufficiency. Furthermore, the entire construction industry was affected by the COVID-19. The intensity of the COVID-19 impact varied by project and by project’s phase. There were disruptions in the supply chain due to the COVID-19 pandemic that made end-users make drastic transformations in the manufacturing and business processes. COVID-19 pandemic completely brought the rainscreen cladding business to stand still for almost three months. However, the market started to get back to its normal state as the pandemic crisis subsided over the second half of 2020.

 

Demand for rainscreen cladding is expected to increase over the next few years due to the growing civil construction activities across the globe and the rise in investments for the maintenance and repair of existing buildings. The market is expected to grow significantly during the forecast period primarily due to the higher demand from emerging markets in the Asia Pacific region. The recovery of the global housing markets is further supporting the rise in demand for rainscreen cladding. Moreover, the increasing disposable income of consumers across the emerging economies and a growing need for sustainable construction that reduce energy consumption suggest that the adoption of premium products will be greater in the near future compared to the past few years. The low-cost and high-performance rainscreen cladding that is offered by several regional vendors is also anticipated to be in considerable demand.

 

Emerging economies are anticipated to adopt rainscreen cladding at a faster rate, because of the rapid growth of the housing market. Central and Eastern Europe along with the Asia Pacific are the major regions that offer potential growth opportunities to market players. In developed economies, the growing demand for rainscreen cladding systems for home improvement is expected to propel the market. With the DIY projects on the rise, market players are targeting big-box retailers for distribution across the developed economies. This is expected to provide a strategic advantage to the market players. Recreation is likely to be a key driving factor for residential consumers of rainscreen cladding in these markets. However, the market is expected to be restricted by challenges such as the decreasing profitability of vendors in developed and maturing markets.

 

Rainscreen Cladding Market


Segment Covered

The report on global rainscreen cladding market covers segments such as construction, material, and application. On the basis of construction, the sub-markets include new construction, and renovation. On the basis of material, the sub-markets include composite materials, metal, fiber cement, ceramic, and others. On the basis of application, the sub-markets include residential, and non-residential.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Rockwool International A/S, Kingspan Group, Sika AG, Everest Industries Limited, Sotech Ltd, SFS Group AG, Promat UK Ltd, CGL Systems Ltd, Trespa International B.V., and Euro Panels Overseas N.V..

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of rainscreen cladding market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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