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
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.
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.
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..
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.