Rainscreen Cladding Market Size, Share and Trends Analysis, 2021–2030

The global rainscreen cladding market has witnessed significant growth over the past decade, owing to rise in investment in various end-user industries such as residential and non-residential construction. A number of players are expanding their business globally, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the growth of the global rainscreen cladding.

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The global rainscreen cladding market size was $103.3 billion in 2020 and is expected to reach $206.6 million by 2030, registering a CAGR of 6.0% from 2021 to 2030.

A growth in residential and commercial industry drives the demand for rainscreen cladding products; thereby, fueling the rainscreen cladding market growth. Increase in residential and non-residential construction and construction renovation industry drives the demands of the rainscreen cladding. In addition, rise in construction spending in countries such as India, Germany, Japan, the U.S., and others boosts the growth of the market. For instance, expenditure on private construction activities by the U.S. government increased by over 50% and that on public construction grew by over 20% from 2012 to 2020.

Covid-19 Impact Analysis

COVID-19 has already affected the sales of global rainscreen cladding market share in 2020, and is expected to hamper the growth of the global market. The major demand for rainscreen cladding was badly affected due to the spread of COVID-19 virus. Further, the disruption of supply chains hinders the installation of rainscreen cladding products in the commercial and residential buildings.

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Key Market Players

The key players profiled in the market report include Rockwool International A/S, Kingspan Group, Sika AG, SFS Group AG, CGL Systems Ltd, Trespa International B.V., Valcan, Sotech Optima ALL, The Clarison Group Ltd (Alucraft Ltd), and Euro Panels Overseas N.V.

Key Market Segmentation

By Material

Composite Material
Metal
Fiber Cement
Ceramic
Others

By Application

Residential
Commercial
Industrial

By Construction

New Construction
Renovation

By Region

North America
Europe
Asia-Pacific
LAMEA

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