Rainscreen Cladding Market Revenue, Driving Factors, Major Players, Strategies, Trends, Forecast Till 2027

The rainscreen cladding market size is estimated to reach USD 204.90 Billion from USD 124.95 Billion in 2019, delivering a CAGR of 6.8% through 2027. The market growth is driven by increasing remodeling & maintenance activities, residential and non-residential construction, and focus on enhancing the aesthetic appearance of buildings.

A rainscreen cladding is an effective siding system for enveloping new and old construction and is one of the prevailing sustainability trends in architecture. These systems provide superior thermal performance, fire protection, and weather tightness to buildings. Rainscreen cladding is becoming increasingly popular among builders and architects on account of its thermal and sound efficiency, which further enables cutting back on energy bills and reducing emissions.

Extensive residential and commercial applications of the product to improve resistance to weather will boost rainscreen cladding market growth. The growing construction expenditure, primarily in the residential and commercial sectors for better weather resistance and improved aesthetics, is driving the demand for rainscreen cladding. In addition, a rise in the incidence of natural calamities like hurricanes, tsunamis, and wildfires, is also supporting product proliferation. Moreover, the increasing industrialization rate, coupled with the emergence of new companies in the emerging economies, will supplement the rainscreen cladding market revenue share over the forecast period.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3120

Key players operating in the global rainscreen cladding market are Kingspan Insulation, SFS Group AG, SIKA, Everest Industries Limited, Promat UK Ltd., Sotech Architectural Façade Systems, Rockwool International A/S, Centria International, Dams Incorporated, and Trespa International B.V., among others.

Further key findings from the report suggest

• Based on material, the composite material is projected to witness a substantial growth rate of 6.9% over the forecast period. The robust growth rate can be attributed to the benefits offered by the product, including increased durability, design high strength, and excellent flexibility that allows the panels to be transformed into complex shapes.
• Fiber cement segment is estimated to contribute significantly to the rainscreen cladding market share, exhibiting a CAGR of 6.5% through on account of fireproofing property, making it a suitable raw material for panel manufacturing.
• On the basis of construction type, the renovation segment is dominating the market share and is forecast to exhibit a CAGR of 7% through 2027.
• The new construction segment is projected to witness a notable growth rate of 6.5% over the analysis period on account of rapid industrialization and urbanization in developing economies.
• In terms of application, the commercial sector construction is anticipated to contribute significantly to the global rainscreen cladding market share, delivering a notable CAGR of 6.9% over the projected timeframe.
• The institutional construction segment is estimated to witness a substantial growth rate of 6.7% over the analysis period on account of the growing adoption of rainscreen cladding in educational buildings, schools, healthcare premises, libraries, city halls, and other public amenities for safety from weathering, enhancing energy efficiency, and infrastructural aesthetics.
• In the regional landscape, Europe is estimated to lead the market with a CAGR of 6.9% over the analysis period due to rising construction of commercial and residential properties as per building regulation norms in the region.
• In 2019, North America accounted for revenue generation of more than USD 41.46 billion in 2019 and is set to witness substantial growth through 2027 on account of regional government initiatives for the expansion of commercial projects.
• On August 6, 2018, a specialist provider of acoustic, fire & thermal and high-temperature solutions, SIG Performance Technology, launched a new component called ‘Chi-Gasket’ for use within rainscreen cladding applications to support the streamlining of external wall footprints while also facilitating Building Regulation compliance.

Browse Complete Report “Rainscreen Cladding Market” @ https://www.reportsanddata.com/report-detail/rainscreen-cladding-market

Market Overview:

Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Rainscreen Cladding market.

For the purpose of this report, Reports and Data has segmented into the Global Rainscreen Cladding Market on the basis of material, application, construction type, and region:

Material Outlook (Revenue, USD Billion; 2017-2027)

Composite Materials
Fiber Cement
Metal
High-Pressure Laminate
Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Residential 
Commercial
Institutional
Industrial

Construction Type Outlook (Revenue, USD Billion; 2017-2027)

Renovation
New Construction

Request Customization of the report @ https://www.reportsanddata.com/request-customization-form/3120

Detailed Regional Analysis Covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Thank you for reading our report. For further information or query regarding the report or its customization, please connect with us. Our team will ensure you get a report well-suited to your needs.

Browse Related Reports:

Industrial Insulation Market Size - https://www.google.gg/url?q=https://www.reportsanddata.com/report-detail/industrial-insulation-market

Bolts Market Demand - https://www.google.com.sl/url?q=https://www.reportsanddata.com/report-detail/bolts-market

Non-Resilient Flooring Market Share –

https://www.google.com.nf/url?q=https://www.reportsanddata.com/report-detail/non-resilient-flooring-market

Flat Steel Market Growth - https://www.google.com/url?q=https://www.reportsanddata.com/report-detail/flat-steel-market

Welding Consumables Market Trends - https://www.google.ne.jp/url?q=https://www.reportsanddata.com/report-detail/welding-consumables-market

Contact Us:
John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.