Claddings Market Scope, Growth Drivers & Strategy Framework, Forecasts 2022 | Acme Brick Company, Alcoa Inc., Axiall Corporation, CSR Limited, Etex Group
Global claddings market is expected to reach $262,381 million by 2022 growing at a CAGR of 6.7%. North America dominated the market with 34.3% of the global claddings market share in 2015. Non-residential segment is expected to dominate the end-user sector in the global claddings market from 2015 to 2022.
Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/1958
Cladding systems are versatile, long lasting, and save energy. They are designed to meet the most demanding aesthetic and functional requirements. Careful assessment and prioritization of each of these roles for each orientation of the building is involved when before any cladding system is finalized.
The global claddings market is segmented based on component type, material type, end-use sector, and by geography. Based on the component type, the claddings market is segmented into walls, roofs, doors & windows, and others. Walls are the most dominant component type accounting for around 63.1% of the overall market in 2015. The wall cladding segment is projected to grow at a CAGR of 7.1% during the forecast period. In most cases it is designed to be permanent and provide benefits, such as insulation and waterproofing.
The global claddings market based on end-user sector is categorized into residential and non-residential segments. Non-residential segment includes both commercial buildings, public infrastructure, and industrial buildings. The non-residential segment dominates the market in 2015 accounting for $102,252 million. Commercial constructions witnessed consistent and impressive growth in 2015, and it is expected to keep this momentum throughout the forecast period 2016-2022.
Based on material type, the global cladding market is classified into masonry & concrete, brick & stone, stucco & EIFS, fiber cement, metal, vinyl, wood and others. Vinyl is the most widely used material for making cladding systems and accounted for the largest market share in 2015. The vinyl cladding sector dominates due to its low-cost and easy availability, which makes it one of the most widely used materials for cladding systems globally. Vinyl cladding market accounted for $38,810 million in 2015. Fiber cement is estimated to be the fastest growing material type for cladding growing at a CAGR of 7.7%.
For Purchase Enquiry@ https://www.alliedmarketresearch.com/claddings-market/purchase-options
By geography, the claddings market is analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. North America was the most dominant geographical market in 2015, is estimated to grow at a CAGR of 6.9%. Increase in residential construction spending in the U.S. and Canada markets largely drive the market growth for cladding systems in North America. The U.S. residential expenditure is expected to increase due to improved household net worth, better job growth numbers, and improved consumer confidence.
Key findings of the study
o Wood claddings market accounted for $24,605 million in 2015 and is expected to grow at a CAGR of 5.4% during the forecast period.
o Roof claddings market is expected to grow at a CAGR of 6.4%.
o Non-residential is expected to grow at a CAGR of 6.3% during the forecast period.
o Asia-Pacific is expected to be the fastest growing regional market with a CAGR of 7.6%.
Get detailed COVID-19 impact analysis on the Claddings Market @ https://www.alliedmarketresearch.com/request-for-customization/1958?reqfor=covid
The key players in the market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the claddings market include Acme Brick Company, Alcoa Inc., Axiall Corporation, Boral Limited, CSR Limited, Etex Group, Armstrong Metalldecken AG, James Hardie Plc, Nichiha Corporation, and Tata Steel Limited.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow us on: https://www.linkedin.com/company/allied-market-research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Claddings Market Scope, Growth Drivers & Strategy Framework, Forecasts 2022 | Acme Brick Company, Alcoa Inc., Axiall Corporation, CSR Limited, Etex Group here
News-ID: 2037872 • Views: 175
More Releases from Allied Analytics
Global Mobile Payment Market Share Growing at 30.1% CAGR to Generate $12.06 Tril …
Increase in penetration of smartphones across the globe and rise in the m-commerce industry in emerging countries are the major factors driving the growth of the mobile payment market. On the other hand, rising data breaches and security issues in mobile payment restrains the growth to some extent. However, growth in usage of NFC, RFID, and host card emulation technology in mobile payment and surge in demand for fast and
Power Management Integrated Circuits Market to Grow $51.04 Billion, Globally, by …
Rise in technological advancements, surge in demand for battery-operated devices, and growth of the semiconductor industry and semiconductor applications drive the growth of the global power management integrated circuits market. In addition, increase in sales of consumer electronics & automobiles and reduction in cost & area density supplement the market growth. However, multi-power domain system on chip (SOC) of PMICs hampers the market growth. On the contrary, rise in application
Why Head-Up Display (HUD) Market is Growing at Faster Pace in American Regions? …
Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players. COVID-19 scenario: As the majority of
Why Smart Devices Market Growing at a Faster Rate? Regional Analysis and Growth …
Most of the companies are developing new products to increase market share and the primary strategy adopted by most companies is partnerships and collaborations as it allows them to share technical expertise. Some of the key companies profiled in this report are Samsung, Apple, Pebble, Mayo Clinic, Google, Adafruit, Sony, Panasonic and Vuzix. Smart Devices are devices that perform various smart functions such as health monitoring, people tracking, driving
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020