Cladding Systems Market Growing Trade Among Emerging Economies Opening New Opportunities | Etex Group, Tata Steel Limited, Kingspan Group, Boral Limited, Saint-Gobain SA

The Global Cladding Systems Market size was valued at around USD 240.5 billion in 2021 and expected to grow at a CAGR of 5.6% during the forecast period.
The Cladding Systems Market refers to the market for materials used to cover the exterior of buildings. Cladding systems typically consist of panels or sheets of material that are attached to the exterior of a building to provide protection from the elements, improve energy efficiency, and enhance the aesthetic appearance of the building. The global cladding systems market includes a range of materials such as metal, wood, vinyl, fiber cement, and brick, among others. The market also includes various types of cladding systems such as curtain walls, rainscreen systems, and sandwich panels. The market is driven by factors such as the increasing demand for energy-efficient and sustainable building materials, growing construction activities, and increasing focus on aesthetics and design.

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The global Cladding Systems Market has been significantly impacted by the COVID-19 pandemic. The pandemic has disrupted the construction industry globally, leading to delays in construction projects and a decrease in demand for cladding materials.
During the pandemic, many construction projects were either put on hold or delayed due to restrictions on movement, social distancing measures, and a shortage of labor and materials. This led to a decrease in demand for cladding materials, as construction companies focused on completing existing projects rather than starting new ones.

Additionally, the pandemic has caused supply chain disruptions, with many manufacturers facing challenges in sourcing raw materials and transporting finished products. This has led to an increase in prices of cladding materials, which has further impacted demand.
However, the increasing focus on sustainability and energy efficiency in the construction industry is expected to drive the demand for cladding systems in the coming years. Governments and organizations around the world are investing in green building initiatives, which require the use of sustainable building materials such as energy-efficient cladding systems.

Prominent Players of Cladding Systems Market:
Etex Group
Tata Steel Limited
Kingspan Group
Boral Limited
Saint-Gobain SA
Carea Group
Nichiha Corporation
James Hardie Industries plc
Alcoa Corporation
Compagnie de Saint Gobain SA

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Market Segmentation:
By Types:
Steel
Aluminum
Zinc
Copper
Plastic Panels
Stucco & EIFS
Terracotta
Fiber Cement
Natural Stones
Others

By Application:
Walls
Roofs
Others

Global Cladding Systems Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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