Rainscreen Cladding Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, rainscreen cladding market size is expected to be valued at USD 135.8 billion in 2022 which is expected to grow at a CAGR of 7.3% over 2022-2028. The primary factors that drive the market are the increasing expansion of construction manufacturing across the world, growing non-residential and residential construction, maintenance and remodeling activities, its high toughness, and capacity to improve the aesthetic appearance.

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Composite Material to Dominate the Rainscreen Cladding Market:
Based on material type, composite material holds the highest market share. The major factor for the rise of this segment is the exceptional physical properties of composite material. Properties such as high strength, design flexibility, long shelf-life, and increased durability make it an appropriate material for non-residential and residential buildings. Composite materials have easy techniques of installation and their low cost makes them desirable for the rainscreen cladding market. These properties can drive the global rainscreen cladding market growth.

Europe Rainscreen Cladding Market:
Europe leads the global rainscreen cladding market growth due to substantial demand for the product from the construction business of developed economies. Current official and residential constructions in the region reported the highest share in applications of rainscreen cladding. Europe leads the global market due to growing constructions for shale gas exploration events, social commercial projects and infrastructure sectors, and the building of new power plants which have contributed to increasing the sales of rainscreen cladding in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global rainscreen cladding market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In May 2020, Sika announced new purform polyurethane technology. In November 2020, Maple announced the construction of a class-leading rainscreen cladding system which is high-performing, strong, and efficient to install

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The rainscreen cladding market is segmented based on, construction type, material type, end use, and region.
Based on the construction type, the market is segmented into the following:
• New Construction
• Renovation

Based on the material type, the market is segmented into the following:
• Composite Materials
• Metal
• Fiber Cement
• HPL
• Others

Based on the end use, the market is segmented into the following:
• Residential
• Non-residential

Based on the region, the market is segmented into the following:
• Europe
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the rainscreen cladding market report are Kingspan Insulation plc, Carea Ltd., M.F. Murray Companies, Inc., Celotex Ltd., CGL Facades Co., Rockwool International A/S, Eco Earth Solutions Pvt. Ltd., FunderMax, Everest Industries Ltd., OmniMax International, Inc., and Trespa International B.V.

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