Rainscreen Cladding Market Scope and Structure Analysis, 2020–2027 | Drivers, Restraints, and Opportunities

Rainscreen Cladding Market Outlook - 2027

Rainscreen cladding is a protective water-shedding layer placed on the exteriors of walls of buildings to prevent damage caused by rainwater. These layers can be produced using a variety of materials like zinc, copper, stainless steel, and aluminum. They are usually composed of two layers. The inside layer performs functions like insulation, a structural wall, and a weather barrier, while the outer layer's main objective is to shed the rainwater. These layers are split by a ventilated air cavity whose function is to permit any water droplets that go through the outer layer to the exterior of the structure. Hence, the rainscreen cladding materials are also called cavity walls.

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Drivers, restraints, and opportunities

The growing demand for aesthetically appealing houses along with the growing population that has resulted in boosting the demand for new residential constructions are the key factors that are expected to drive the growth of the rainscreen cladding market in the upcoming years. Besides, a wide range of features of using rain-screen cladding materials such as durability, flexibility, strength, and more can fuel the demand for these materials in the market. Moreover, the rising need for wall security systems and energy effective buildings can potentially boost the growth of the rainscreen cladding market.

However, high costs associated with the installation of rainscreen cladding materials for new constructions or renovations is a restraining factor that can hinder the market growth. Conversely, rapid industrialization and urbanization have resulted in huge investments for construction development by governments of emerging countries like China and India that are anticipated to create lucrative growth opportunities for the rainscreen cladding market during the forecast period.

Trends in rain-screen cladding market

Huge investments for construction activities in emerging countries

Due to factors like rapid urbanization, industrialization, population, and others in emerging countries like China and India, there has been a surge in construction activities in these countries. Government initiatives for new construction projects and the pursuit to build smart cities in these countries can significantly result in the positive growth of the construction sector. According to the Department of Promotion for Industry and internal trade (DPIIT), the construction development sector of India received $25.4 billion through Foreign Direct Investment (FDI) from 2000 to 2019. Huge investments for the construction development sector can boost the growth of the construction industry in these countries that will eventually result in the positive growth of the rain-screen cladding market.

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Government incentive programs for home remodeling

Federal, local, and state governments of different countries are introducing home remodeling incentive programs for the public. These incentives aim to enhance the value of the homes that can boost the economy and reinforce communities. For instance, the federal government of the U.S introduced the FHA 203(k) rehab loan in 2019. This renovation load helps homeowners to finance and renovate their homes with a single mortgage. This program grants convenient loans to homeowners instead of applying for multiple loans. Such new incentives provided by governments for the renovation of houses can boost the demand for rain-screen cladding materials which can result in creating a positive impact on the growth of the rainscreen cladding market during the forecast period.

By Region

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

Key Players

Major players analyzed include Cladding Corp, Trespa North America, Centria International, Tata Steel, Kaicer, Kingspan Insulation PLC, Ash & Lacy Building System Ltd., Celotex Ltd., CGL Facades Co., and Proteus

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