Rainscreen Cladding Market Will Achieve Almost USD 183.3 Billion By 2025 | Key Player ow Building Solutions, Kingspan Insulation, Rockwool International, and Lakesmere International Ltd.

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Rainscreen Cladding Market Will Achieve Almost USD 183.3 Billion By 2025 | Key Player ow Building Solutions, Kingspan Insulation, Rockwool International, and Lakesmere International Ltd.

January 24
09:42 2020
Rainscreen Cladding Market Will Achieve Almost USD 183.3 Billion By 2025 | Key Player ow Building Solutions, Kingspan Insulation, Rockwool International, and Lakesmere International Ltd.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global rainscreen cladding market size is expected to reach USD 183.3 billion by 2025.

According to a report, “Rainscreen Cladding Market Size, Share & Trends Analysis Report By Raw Material, By Application (Residential, Commercial, Official, Institutional, Industrial), And Regional Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,The global rainscreen cladding market size is expected to reach USD 183.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Growth in construction spending in developing economies of Asia Pacific, resulting from population expansion and strong industrial development, is expected to drive the market.

Increasing urban population has led to the inadequacy of affordable housing, surge in road traffic, and inadequate water and sanitation services. Middle East and Africa, in particular, is transitioning from lack of infrastructure to a phase of infrastructural development, which is expected to fuel demand for rainscreen cladding.

The market is characterized by developments in technology to produce advanced products used in construction and other industrial applications. In addition, the low environmental impact of the product owing to low emission of volatile organic compounds (VOCs) is likely to drive product demand over the coming years.

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Players in the industry are involved in mergers and acquisitions, contracts, agreements, and joint ventures in order to strengthen their position in the industry. However, high installation and maintenance cost associated with the product is anticipated to hamper demand over the projected period.

U.S. rainscreen cladding market

Further key findings from the report suggest:

  • The terracotta rainscreen cladding market accounted for 35.2% of the overall revenue in 2018 on account of its increasing application for creation of panel designs in combination with other materials such as glass, stone surfaces, and paints

  • Demand for high-pressure laminates is expected to witness growth in terms of revenue at a CAGR of 7.4% from 2019 to 2025 owing to their attributes such as high durability, impact resistance, and availability in attractive colors and textures

  • Product consumption in the construction of offices is projected to reach USD 60.75 billion by 2025 on account of rising employment rate, coupled with regional expansion of existing companies, resulting in greater demand for office spaces

  • Asia Pacific accounted for 25.5% of the global revenue in 2018 owing to an expanding construction industry in the region, which can be attributed to massive investments for development of public infrastructure by governments across numerous countries

  • Major players in the industry are focusing on research and development activities for reducing operational costs, maximizing the efficiency of production, storage, and transportation facilities, and enhancing the quality of products to sustain the competition.

Application Insights

The office construction segment accounted for a major market share of 32.6% in terms of product demand in 2018. Rapid industrialization and expansion of companies are expected to drive the demand for new construction, which is likely to fuel the market for these structures for new office buildings and for the renovation of existing buildings.

The commercial construction segment includes hypermarkets, supermarkets, departmental stores, shopping malls, hospitals and clinics, restaurants and hotels, resorts, and other buildings. These are generally large buildings or cluster of buildings that require rainscreen cladding made from rigid and durable material for protection against extreme weather conditions.

Global rainscreen cladding market

The residential construction segment is classified into single-family houses, such as standalone homes and multi-family houses, including apartment buildings, clusters, and complexes. The segment was valued at USD 25.22 billion in 2018. The rainscreen cladding structure for these buildings requires fewer panels as the structures are small as compared to other segments.

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Institutional construction sector includes healthcare premises, educational buildings, schools, city halls, libraries, and other public amenities. It is expected to expand at a CAGR of 6.5% over the forecast period. The systems are installed for energy efficiency, safety, and to improve the aesthetics of the buildings.

Grand View Research has segmented the global rainscreen cladding market on the basis of raw materials, application, and region:

Rainscreen Cladding Raw Material Outlook (Volume, Thousand Sq. Meters, Revenue, USD Million, 2014 – 2025)

  • Fiber Cement

  • Composite Material

  • Metal

  • High Pressure Laminates

  • Terracotta

  • Ceramic

  • Others

Rainscreen Cladding Application Outlook (Volume, Thousand Sq. Meters, Revenue, USD Million, 2014 – 2025)

  • Residential

  • Commercial

  • Offices

  • Institutional

  • Industrial

Rainscreen Cladding Regional Outlook (Volume, Thousand Sq. Meters, Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Russia

    • Spain

    • Italy

    • Austria

    • Poland

    • Belgium

    • Denmark

    • Turkey

    • Switzerland

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Malaysia

    • Thailand

    • Indonesia

    • Singapore

    • Vietnam

  • Central & South America

    • Brazil

    • Mexico

    • Argentina

    • Columbia

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Qatar

    • Kuwait

    • Bahrain

    • Oman

    • Egypt

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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