Cladding Systems Market Research Insights 2023-29

The global cladding systems market size was valued at USD 223.5 billion in 2022 and is expected to grow at a 7.3% CAGR from 2023 to 2029. The primary drivers of the expansion of the global cladding systems market include rapid urbanization in emerging countries, increasing construction sectors, and increasing demand for industrial infrastructures. In addition, rising demand for energy-efficient buildings and increasing people's perception of decorating the building are expected to fuel the growth of the cladding systems market over the forecasted years.

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Fiber Cement Segment is expected to Dominate the Cladding Systems Market:
Based on the type of material, the global cladding systems market is segmented into steel, aluminium, zinc, copper, plastic panels, Stucco & EIFS, terracotta, fiber cement, natural stones, and others. The Fiber cement segment is expected to account for a larger revenue share in the global cladding systems market. The fiber cement is highly durable, easy to maintain and cost efficient when compared to other types of material. The fiber cements can also be installed in regions with extreme weather conditions. As the concrete and cement has observed to have a carcinogenic effect it is seen to replace by fiber cement materials. This is expected to drive the growth of cladding systems market in this segment.

North America Cladding Systems Market:
The North America cladding systems market is expected to increase over the forecast period due to the several skilled labours available in this region. In addition, rising demand for cladding systems in the residential building in this region and availability advanced technologies in this region is expected to fuel the cladding systems market in this region. Asia Pacific region is expected to have a significant growth in the forecasted years due to the increasing demand for infrastructures in developing countries like India, China. In addition, availability of low-cost labour, cheap raw materials and sophisticated technologies are expected to boost the market growth in this region over the forecasted period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Cladding Systems market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2022, Etex framing company acquired Irish steel which expanded their business in Ireland and U.K., In September 2020, Compagnie de Saint-Gobain S.A acquired Strikolith to expand their business market in Netherlands.

The Cladding Systems market is segmented based on Material Type, Application, Cladding Type, End Use, and geography.

Based on the material type, the market is segmented into the following:
• Steel
• Aluminum
• Zinc
• Copper
• Plastic Panels
• Stucco & EIFS
• Terracotta
• Fiber Cement
• Natural Stones
• Others

Based on the application, the market is segmented into the following:
• Walls
• Roofs
• Others

Based on the cladding type, the market is segmented into the following:
• Curtain Walling
• Sandwich Panels
• Patent Glazing
• Rain Screens
• Metal Profile Cladding
• Brick Slips
• Tile Hanging
• Others

Based on the end use industry, the market is segmented into the following:
• Residential Buildings
• Industrial Buildings
• Commercial Buildings
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the cladding systems market report are Tata Steel Ltd, Compagnie de Saint-Gobain S.A., DuPont de Nemours, Inc., Arconic Corporation, James Hardie Industries PLC, Etex Group, CSR Limited, Westlake Chemicals, Nichiha Corporation, Kingspan PLC, Louisiana Pacific Corporation, Cembrit Holding A/S, Boral Limited.

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