Rainscreen Cladding Market Opportunities and Forecast Assessment, 2020–2027

 

The GMI Research forecasts that the rainscreen cladding market is witnessing an upsurge in demand during the forecast period. This is mainly due to the increasing construction of residential and non-residential buildings, maintenance activities, and renovation.

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Rainscreen Cladding Market’s leading Manufacturers:

·        SIKA AG

·        Everest Industries Limited

·        Kingspan Group Plc

·        Sotech Optima Company

·        Rockwool International A/S

·        SFS Group AG

·        Promat UK Ltd

·        Fundermax.

·        BTS Fabrications

·        Merson Group

Rainscreen Cladding Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global rainscreen cladding market size is predicted to witness an upsurge in demand during the forecast period due to the increasing construction of residential and non-residential buildings, maintenance activities, and renovation. Several beneficial properties, such as weather resistance, high durability, enhanced thermal and acoustic insulation, and the capability to improve infrastructures' appearance, will further fuel the growth of the global rainscreen cladding market size. Rainscreen cladding aids in decreasing hot and cold air and thermal movement through the wall, which prevents overheating during summer and facilitates to maintain a warm and steady interior temperature during winter, is a remarkable feature of rainscreen cladding that is promoting the consumers to opt for these cladding solutions.

Rainscreen cladding is comparatively lightweight in comparison to conventional masonry builds and aids in keeping the building structure dry as a result it decreases the maintenance cost. It is widely used in the construction of commercial spaces like hospitals, shopping malls, schools, warehouses, and other buildings. On the other hand, the factors that are negatively impacting the growth of the rainscreen cladding market include lack of awareness associated with the advantages of rainscreen cladding in emerging countries and the high cost of raw material. The outbreak of the COVID-19 pandemic and the implementation of general containment measures have adversely impacted the construction industry, which in turn, has negatively impacted the growing demand of the market.

Regional Drivers

Based on region, the Europe region is projected to dominate the market in the upcoming years due to increasing infrastructure industry such as commercial spaces and industries, the building of new housing units, non-residential renovations in economies such as Poland, Hungary, Germany, France, Italy, Spain, the Netherlands, and the Czech Republic. On the other hand, the Asia-Pacific region is projected to increase at a higher CAGR during the forecast period. The increasing population, the growing per capita disposable incomes, and the rising construction sector in emerging economies like India, China, Indonesia, and Sri Lanka, are driving the regional market growth. Additionally, the growing adoption of advanced technology, followed by the growing demand for improved building envelope system in the infrastructure industry for the protection and durability of buildings, are certain factors that are expected to drive the growth of the market.

Rainscreen Cladding Market Segmentation:

Segmentation by Material:

·        Composite Materials

·        Metal

·        Fibre Cement

·        High Pressure Laminate

·        Others

Segmentation by Construction:

·        New construction

·        Renovation

Segmentation by End-Use Sector:

·        Residential

·        Non-residential

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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