Rainscreen Cladding Market Size, Revenue, Trend & Regional Forecast 2018-2024 By Top Players - Trespa, Kingspan Insulation UK, CGL Facades, Celotex Insulation, Euramax, ROCKWOOL Group, FunderMax GmbH
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.
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Rainscreen Cladding Market size is mainly driven by the major construction applications including commercial, industrial, residential and office buildings. Innovations and modern technologies have created a new space for durable and high-performance cladding systems. 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.
Modern technologies have given a new direction for superior performance and durable rainscreen cladding system which allow panels & facades manufacturing. These systems have high grade moisture management properties and offers architects & contractors to solve issue of rain penetration and improve wall areas. It has the ability to overcome corrosion problems, consecutive & speedy processing, and easy installation, which may enhance the industry growth.
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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.
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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.
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