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Rainscreen Cladding Market: In-Depth Insights on Industry Demand, Technological Advancements, and Size & Share Analysis
Rainscreen Cladding Market
As per the report, the rainscreen cladding market size has grown strongly in recent years. It will grow from $14.36 billion in 2023 to $15.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The rainscreen cladding market size is expected to see strong growth in the next few years. It will grow to $21.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Rainscreen Cladding Market To Grow As Residential And Non-Residential Construction Increases
The increase in residential and non-residential construction is expected to propel the growth of the rainscreen cladding market going forward. Construction is the process of building, altering, repairing, remodeling, 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. For instance, according to the U.S. Census Bureau, a US-based government agency, in October 2021, construction spending reached $1,618.8 billion, which increased to $1,625.9 billion in November 2021. Therefore, increasing residential and non-residential construction is driving the growth of the rainscreen cladding market.
Innovative Product Offerings Drive Growth In Rainscreen Cladding Market
New product innovations have emerged as a key trend gaining popularity in the rainscreen cladding market. Major players operating in the rainscreen cladding market are focused on developing new products to gain a competitive advantage. For instance, in October 2021, Fiberon, a UK-based manufacturer of composite and PVC decking, railing, and fencing products used in homes and light commercial construction, introduced new composite cladding for rainscreen applications, combining the beauty and warmth of wood with the durability of low-maintenance, high-performance composite materials.
The rainscreen cladding market covered in this report is segmented -
1) By Material: Metal, Fiber Cement, Composite Materials, Other Materials
2) By Construction: New Construction, Renovation
3) By End-User: Non-residential, Residential
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Major companies operating in the rainscreen cladding market include Kingspan Group, SIKA AG, ROCKWOOL International A/S, Everest Industries Limited, SFS Holding AG, Promat UK Limited, Celotex Limited, CGL Facades, ECO Earth Solutions, Trespa International B.V., Middle East Insulation LLC., OmniMax International Inc., Carea Façade, The Dow Chemical Company, FunderMax GmbH, Alucobond, Alpolic, Reynobond, Swisspearl Group AG, Parklex Proderma, Alubond, Centria Incorporated, Cembrit Holding A/S, Equitone, Eternit S.A., James Hardie Industries plc, Nichiha Corporation, Elementia S.A.B. de C.V., Taktl LLC, Ductal, Terreal SAS, Boral Limited, CSR Limited, ETEX Group SA, Marley Eternit Limited, Telling Industries LLC
Contents of the report:
1. Executive Summary
2. Rainscreen Cladding Market Report Structure
3. Rainscreen Cladding Market Trends And Strategies
4. Rainscreen Cladding Market - Macro Economic Scenario
5. Rainscreen Cladding Market Size And Growth
…..
27. Rainscreen Cladding Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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