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Rainscreen Cladding Market Size, Share and Trends Analysis, 2021–2030
Rainscreen Cladding Market
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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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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