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Rainscreen Cladding Market future trend and growth opportunities over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-05 

Global Rainscreen Cladding Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Strong application outlook in construction industry should drive rainscreen cladding market size. Global construction market may surpass USD 15 trillion by 2024. China, India and the U.S. account for over 55% of the total construction market. Rainscreen cladding systems extend building lifespan and protect exterior walls. International Energy Agency (IEA) and World Green Building Council (WorldGBC) are focusing on promoting green building concept by providing contractors to achieve energy efficient products in the construction sector.

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Office buildings dominated the rainscreen cladding market size over the forecast timeframe. Stainless steel, anodized aluminum, terracotta, fiber cement, composite and glass materials are used in these systems to protect the buildings. Steel & glass facades and glazed walling systems are often used in multi-storied office buildings to provide natural lightning & shading, weather-tightness and thermal insulation which may drive the industry growth.

Increasing residential buildings in India, China, Brazil, and Mexico may drive rainscreen cladding market size. Strong government initiatives and schemes to provide minimum cost & sustainable housing for all residents may fuel product demand.

Composite materials comprised of the largest market share in the construction industry. Global construction composites market may surpass USD 8.5 billion by 2024, with gains at over 6%. Zinc and aluminum based composite materials are mostly used in the rainscreen cladding system owing to flexibility, lightness and structural strength properties.

Terracotta is widely used raw material in construction sector due to its properties including durability, natural color, moisture retention, and sustainability. Low water absorption, anti-graffiti, frost-proof, and flame retardant properties drive the terracotta protection demand. It is preferably used in heritage sites, museums and residential buildings.

 

North America, led by the Canada and the U.S. rainscreen cladding market size may witness significant growth owing to increase in residential building construction projects. Companies in the U.S. provide solutions to maintain, and install various panels in various buildings and institutions.

Europe rainscreen cladding market size, driven by UK, France, and Germany, should witness significant gains over in the near future. Favorable government guidelines by EU along with huge investment in residential and commercial projects should drive regional industry growth. Increasing terracotta and composite materials demand mainly in the UK should stimulate industry growth. Energy Policy Act, 2005 and International Energy Conservation Code, 2006 encourages the usage of these systems in European buildings.

Asia Pacific led by India, Japan and China rainscreen cladding market size is dominated by the huge investments in residential and commercial buildings. Increase in integrated townships projects in Thailand, Vietnam, South Korea and Indonesia thereby fueling product demand.. Positive indicator in construction spending owing to increase in HPL, fiber cement and terracotta demand should stimulate regional growth.

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Global rainscreen cladding market share is competitive with prominent players including Kingspan Insulation, MF Murray Companies, Carea, CGL Facades, Celotex, Eco Earth Solutions India and Euramax, Rockwool International, FunderMax, Trespa International B.V., EuroPanels and Middle East Insulation.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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