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Rainscreen Cladding Market 2023 - Share, Size, Growth, Trends, Industry Analysis 2032
Rainscreen Cladding Market
The Business Research Company's Rainscreen Cladding Global Market Report 2023 identifies increase in residential and non-residential construction as the major driver for the Rainscreen Cladding market's growth in the forecast period. Construction is the process of building, altering, repairing, remodelling, improving, or demolishing any structure. Rainscreen cladding is highly durable and has the ability to enhance the aesthetic appearance of residential and non-residential buildings. It also protects the building from excessive heat.
The global rainscreen cladding market size grew from $13.5 billion in 2022 to $14.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rainscreen cladding market size is expected to grow to $21.4 billion in 2027 at a CAGR of 9.7%.
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Major competitors in the Rainscreen Cladding market are Kingspan Group, SIKA, ROCKWOOL, Everest Industries Limited, SFS Fastening Technology Ltd., Promat UK Limited, Celotex Ltd.
A key trend in the Rainscreen Cladding market includes new product innovations. Major players operating in the rainscreen cladding market are focused on developing new products to gain a competitive advantage. For instance, in November 2020, Sotech, a UK-based manufacturer of rainscreen cladding and architectural fabrications, launched a new rainscreen cladding system known as Optima Edge. The optima Edge system panel has no folds and provides a clean edge appearance. It has been fire tested to BS8414-2;2020 standards, and is classified in BR135 for high-rise buildings, and also it provides improved ventilation to suit the latest standards.
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The Rainscreen Cladding market is segmented -
• By Material: Metal, Fiber Cement, Composite Materials, Other Materials
• By Construction: New Construction, Renovation
• By End-User: Non-residential, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Rainscreen Cladding market.
The Business Research Company's "Global Rainscreen Cladding Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rainscreen Cladding Market Include:
1. Executive Summary
2. Rainscreen Cladding Market Characteristics
3. Rainscreen Cladding Market Trends And Strategies
4. Rainscreen Cladding - Macro Economic Scenario
5. Rainscreen Cladding Market Size And Growth
…………………………….
26. Africa Rainscreen Cladding Market
27. Rainscreen Cladding Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rainscreen Cladding Market
29. Rainscreen Cladding Market Future Outlook and Potential Analysis
30. Appendix
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