Press release
Rainscreen Cladding Market Size is Projected to Hit USD 20.43 Billion by 2029, Trends, Growth Insight, Competitive Analysis till Forecast
Rainscreen Cladding Market Overview:Rainscreen cladding denotes to an attachment of the outer skin with a ventilated cavity offered to a new or existing building infrastructure. The rainscreen cladding protects the exterior wall of a building from rainwater and avoids it from penetrating in the interiors of the buildings.
The rainscreen cladding market is projected to grow from USD 11.30 Billion in 2021 to USD 20.43 Billion by 2029, at a CAGR of 6.8% from 2022 to 2029.
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Major factors that are expected to boost the growth of the rainscreen cladding market in the forecast period are the increase in the population and swift urbanization translating to a large number of new construction projects, the upsurge in the non-residential construction activities and the high durability of rainscreen cladding systems. On the other hand, the increase in the high raw material and installation prices are few of the other factors that are anticipated to impede the growth of the rainscreen cladding market in the timeline period.
Rainscreen Cladding Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Kingspan Insulation, SIKA, Rockwool International A/S, Everest Industries Limited, SFS Group AG, Sotech Architectural Façade, Promat UK Ltd, Interface, Valcan, Sotech Optima ALL, The Clarison Group Ltd (Alucraft Ltd), Euro Panels Overseas N.V., Trespa Int and Others
Partnerships, Collaborations, and Agreements
March 2020. Rockfon, a ROCKWOOL Group company, has announced a design agreement with AKUART, a Copenhagen-based company that designs and markets acoustic products to create exceptional room acoustics. ROCKWOOL has also acquired a minority stake in AKUART A/S in order to strengthen the two companies' relationship.
Mergers and Acquisitions
On May 23, 2019, Sika completed the acquisition of Parex. The transaction was announced on January 8, 2019. Parex is a leading mortar manufacturer with annual sales of CHF 1.2 billion and an impressive track record of profitable growth and attractive margins.
May 2020. ROCKWOOL Group has announced the acquisition of Sweden-based acoustic ceiling manufacturer Parafon.
Product Launches and Product Expansions
May of 2020. Sika announces new purform® polyurethane technology and invests in düdingen production facilities.
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Rainscreen Cladding Market Segmentation:
Global Rainscreen Cladding Market by Construction, 2020-2029, (USD Million) (Million Sq. Ft)
New Construction
Renovation
Global Rainscreen Cladding Market by Material, 2020-2029, (USD Million), (Million Sq. Ft)
Composite Materials
Metal
Fiber Cement
Hpl
Others
Global Rainscreen Cladding Market by End-User, 2020-2029, (USD Million) (Million Sq. Ft)
Commercial
Residential
Institutional,
Industrial
Market Drivers
The expansion of the construction industry is expected to drive the global rainscreen cladding market growth during this forecast period. The construction sector is the largest consumer of raw materials across the globe. The industry is expected to expand at 4.2% per year in terms of market share, due to the growth in non-residential, residential and infrastructure projects. The increase in demand in commercial and residential applications for improved aesthetics & weather resistance is expected to propel the target market growth.
Market Restraints
The high raw material and installation cost is expected to hamper the global rainscreen cladding market growth. Also, a major drawback in the design of these solutions is their inability to tackle gradients of air pressure which may hinder the market growth.
Growth Factors:
Increasing demand from the Rainscreen Cladding industries
The growing use of Rainscreen Cladding in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Rainscreen Cladding Market
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Rainscreen Cladding Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Rainscreen Cladding Market Trends
- The report identifies, determines, and forecasts the Global Rainscreen Cladding Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Rainscreen Cladding Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Rainscreen Cladding Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Rainscreen Cladding Market.
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