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Cladding Systems - Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Cladding Systems - Market SizeThe global Cladding Systems market size is expected to reach US$ 241670 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029.
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Cladding Systems - Market
Cladding systems. Wall cladding means that the exterior of a building is covered with panels of a different material than they cover up. To maintain the structure, frame and exterior walls of a building, certain panel systems are applied. The panels are installed over Others materials used in construction.
The market is mainly driven by the significant applications of Cladding Systems in various end use industries. The expanding demands from the Residential, Non-residential, Commercial and Industrial, are propelling Cladding Systems market. Brick & Stone, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Wood segment is estimated at % CAGR for the next seven-year period.
Vinyl accounted for the largest market share in 2017. This is because of its low cost and easy installation techniques. Vinyl siding is the most preferred siding for residential buildings. Vinyl siding is durable and can last for up to 30 to 40 years. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Others cladding materials include stone & brick, wood, stucco & EIFS, metal, and fiber cement.
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Company Profiles:
• Tata Steel Limited (India)
• Alcoa(US)
• Etex Group (Belgium)
• James Hardie Industries PLC (Ireland)
• Compagnie de Saint Gobain SA (France)
• Boral Limited (Australia)
• Axiall Corporation (US)
• CSR Limited (Australia)
• Nichiha Corporation (Japan)
• Cembrit Holding A/S (Denmark)
Segment by Type:
• Brick & Stone
• Wood
• Stucco & EIFS
• Metal
• Vinyl
• Fiber Cement
• Others (Concrete And Weatherboard)
by Application
• Residential
• Non-residential
• Commercial
• Industrial
• Others (Educational Institutes, Stadiums, And Airport)
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