Press release
Wall Cladding Materials Market to Exhibit Significant Incremental Dollar Opportunity During the Forecast Period
Wall cladding materials primarily act as a protective/insulating layer and shield surfaces from moisture and other harmful external factors. Wall cladding materials also help in enhancing building performance.Wall Cladding materials are a type of decorative wall covering material that give an entirely give different look to a wall. Further, materials, such as metal, stone, wood etc., give a good texture and aesthetic appeal to a building. There are a variety of of materials that can be used wall cladding materials, such as brick, wood, concrete, metals, stone, etc. Wall cladding materials are used in interior as well as exterior applications.
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Global Wall Cladding Materials Market: Segmentation
Globally, the wall cladding materials market can be segmented on the basis of application, construction type, material type and end-use.
On the basis of material type, the global market can be segmented into:
• Brick
• Concrete
• Fibre Cement
• Stone
• Wood
• Vinyl
• Tile
• Metals
o Aluminium
o Steel
o Zinc
o Copper
On the basis of construction type, the global market can be segmented into:
• New Construction
• Retrofit
On the basis of application, the global market can be segmented into:
• Exterior Cladding
• Interior Cladding
On the basis of end-use, the global wall cladding materials market can be segmented into:
• Residential
• Commercial
• Industrial
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Global Wall Cladding Materials Market: Dynamics
Wall cladding materials possess various advantages as compared to other materials available in the market. For instance, these materials require low maintenance and thus, buildings using these materials also require low maintenance, thereby leading to reduced overall maintenance charges. Further, the utilization of these materials makes these buildings more durable than buildings finished with wall paint. Wall cladding materials also make buildings weather proof as these materials offer strong resistance against external weather conditions, such as sunlight, rain and wind. Thus, the demand for wall cladding materials is expected to escalate in near future.
However, wall cladding materials possess several disadvantages. For instance, these materials are quite expensive and require high labour cost. The aforementioned reasons are expected to be the key factors that will restrain the growth of the global wall cladding materials market during the forecast period.
Introduction of lightweight cladding materials, such as aluminium composite panels for external applications, is found to be one of the key trends identified in the global wall cladding materials market. Aluminium is UV and weather resistant. Moreover, it enables quick installation while also being versatile to be used for canopies, false ceilings and partitions.
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