Press release
Metal Cladding Market 2020 Top Key Players POHL Fassaden (Christian Pohl GmbH), Kalzip Ltd, James & Taylor, Huntsman Corporation , BlueScope Steel, Bemo Systems
Market Research Future(MRFR)
The Global Metal Cladding Market size had a value of USD 3.5 billion in 2018 and is likely to develop at a 4.4% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. Metal cladding, simply put, is a form of protective coating where protective materials like metal foil or metal powder is bonded to substrates by applying pressure and/or heat. Bronze cladding, brass cladding, titanium cladding, copper cladding, zinc cladding, galvanized steel cladding, and aluminium cladding are the different types of metal cladding that have extensive applications in various industrial, commercial, and residential projects.
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Various factors are propelling the global metal cladding market share. As per the current MRFR report, such factors include rising customer spending power especially in GCC countries, Brazil, Japan, China, and India, the increasing preference of consumers for prefinished metal cladding to construct commercial spaces to enhance the building’s aesthetic appeal, and the need for new commercial projects & new residents due to increasing urbanization. Additional factors adding market growth include homeowners growing awareness about the multiple benefits of metal cladding such as it offers the building with a modern, harmonious, and durable appearance and increase in building construction activities.
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On the flip side, fluctuating material prices may restrict the global metal cladding market growth over the forecast period. Besides, the ongoing COVID-19 pandemic has cast its shadow on the market. Restrictions imposed on the various construction activities for complying with social distancing norms is impacting the construction industry growth that in turn, is affecting the global metal cladding market growth.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global metal cladding market report based on application and type.
By type, the global metal cladding market is segmented into bronze cladding, brass cladding, titanium cladding, copper cladding, zinc cladding, galvanized steel cladding, and aluminium cladding. Of these, the copper cladding segment is predicted to lead the market over the forecast period. Copper is a commonly used metal in cladding owing to its excellent features such as malleability and durability, thus making it ideal for different forms of building cladding structures. This is adding to the growth of the segment.
By application, the global metal cladding market is segmented into industrial, commercial, and residential. Of these, the commercial application segment will dominate the market over the forecast period and at a high CAGR. The commercial segment is again segmented into hospitality, education centers, shopping malls and centers, healthcare, office spaces, and others.
Regional Analysis
Based on the region, the global metal cladding market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, the APAC region will lead the market over the forecast period. The rise in FDI investment in the construction sector, coupled with the need for work & residential space, is adding to the global metal cladding market growth in the region.
The global metal cladding market in Europe is predicted to hold the second-largest share over the forecast period. The booming aviation industry, coupled with the burgeoning need in the automobile sector, is adding to the global metal cladding market growth in the region.
The global metal cladding market in North America is predicted to have healthy growth over the forecast period. Burgeoning demand for cladding and the presence of top metal cladding manufacturers are adding to the global metal cladding market growth in the region.
The global metal cladding market in the MEA is predicted to have sound growth over the forecast period.
Key Players
Eminent players profiled in the global metal cladding market report include POHL Fassaden (Christian Pohl GmbH) (Germany), Kalzip Ltd (UK), James & Taylor, Huntsman Corporation (US), BlueScope Steel (Australia), Bemo Systems (Germany), BASF (Germany), ATAS International (US), Ancon Limited (UK), Anclajes Grapamar S.L (Spain), ArcelorMittal Construction (Luxembourg), A. Zahner (US), and ASTEC Industries Inc. (US), among others.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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