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Rainscreen Cladding Market strong application outlook in construction industry, Analysis report 2017-2024
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Rainscreen Cladding Market size is mainly driven by the major construction applications including commercial, industrial, residential and office buildings. Innovations and modern technologies have created a new space for durable and high-performance cladding systems.
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Global construction market may surpass USD 15 trillion by 2024. China, India and the U.S. account for over 55% of the total construction market. Rainscreen cladding systems extend building lifespan and protect exterior walls.
Modern technologies have given a new direction for superior performance and durable rainscreen cladding system which allow panels & facades manufacturing. These systems have high grade moisture management properties and offers architects & contractors to solve issue of rain penetration and improve wall areas.
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1. Rainscreen Cladding Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Rainscreen Cladding Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Office buildings dominated the rainscreen cladding market size over the forecast timeframe. Stainless steel, anodized aluminum, terracotta, fiber cement, composite and glass materials are used in these systems to protect the buildings. Steel & glass facades and glazed walling systems are often used in multi-storied office buildings to provide natural lightning & shading, weather-tightness and thermal insulation which may drive the industry growth.
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Composite materials comprised of the largest market share in the construction industry. Global construction composites market may surpass USD 8.5 billion by 2024, with gains at over 6%.
Increasing consumer awareness towards energy efficiency in houses and commercial buildings by reducing the amount of resources required for ventilation, heating and air conditioning may drive rainscreen cladding market growth. Risk of water intrusion in joints of buildings in extreme weather conditions and in areas where rainfall is high, may pose challenge to the industry growth.
North America, led by the Canada and the U.S. rainscreen cladding market size may witness significant growth owing to increase in residential building construction projects. Companies in the U.S. provide solutions to maintain, and install various panels in various buildings and institutions.
Europe rainscreen cladding market size, driven by UK, France, and Germany, should witness significant gains over in the near future. Favorable government guidelines by EU along with huge investment in residential and commercial projects should drive regional industry growth. Increasing terracotta and composite materials demand mainly in the UK should stimulate industry growth.
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Asia Pacific led by India, Japan and China rainscreen cladding market size is dominated by the huge investments in residential and commercial buildings. Increase in integrated townships projects in Thailand, Vietnam, South Korea and Indonesia thereby fueling product demand.
Global rainscreen cladding market share is competitive with prominent players including Kingspan Insulation, MF Murray Companies, Carea, CGL Facades, Celotex, Eco Earth Solutions India and Euramax, Rockwool International, FunderMax, Trespa International B.V., EuroPanels and Middle East Insulation.
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Arun Hegde
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Global Market Insights, Inc.
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About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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