Press release
Rainscreen Cladding Market growth (2018 – 2024) By Top Key Players - Trespa, Kingspan Insulation UK, CGL Facades, Celotex Insulation, Euramax, ROCKWOOL Group, FunderMax GmbH
Rainscreen Cladding Market
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.
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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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Increasing consumer awareness towards energy efficiency in houses and commercial buildings by reducing the amount of resources required for ventilation, heating and air conditioning may drive rainscreen cladding market growth. Risk of water intrusion in joints of buildings in extreme weather conditions and in areas where rainfall is high, may pose challenge to the industry growth.
Terracotta, fiber cement, metals, and high pressure laminates (HPL) are key raw materials used for producing rainscreen cladding. Easy raw material availability along with favorable government regulations should drive industry profitability. High initial installation costs along with maintenance cost may hinder industry profitability and affect rainscreen cladding market price trend.
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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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