Rainscreen Cladding 2020 Global Market Outlook, Research, Trends and Forecast to 2027
The global rainscreen cladding market is growing profusely, mainly due to the improving construction methodologies. The rising demand for efficient cladding assembly that can promote drying and good management of vapor and rainwater substantiates the market growth. Rainscreen cladding is extremely popular across the building industry, which fosters market revenues.
While rainscreen cladding techniques are still in the embryonic stage, they are increasingly the go-to system for building high-performance structures, especially in colder climates. Besides, premium aesthetic and ultra-low maintenance of rainscreen cladding materials enable the market to expand seamlessly, increasing its uptake in the commercial building arena.
The market is projected to witness significant traction in the years to come. In this regard, Market Research Future (MRFR) states that the global rainscreen cladding market is expected to grow at a phenomenal CAGR during the forecast period (2020–2027). The growing building construction landscape worldwide fuels the demand for rainscreen cladding materials.
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Rising demand for construction has gone hand-in-hand with an increased focus on sustainability, promoting redeveloping and repairing older buildings. In such a scenario, the role of the building envelope is upcycling, and the rainscreen cladding market share is poised for a substantially upward move. Furthermore, the rising government focus on infrastructure development and economic housing projects increases the market demand.
Moreover, rising uses of rainscreen cladding materials to build energy-saving buildings drive the market demand further. Also, the rapid industrialization and urbanization worldwide foster the growth of the rainscreen cladding market.
Global Rainscreen Cladding Market – Segments
The rainscreen cladding market is segmented into type, end-use, and regions. The type segment is sub-segmented into cement, composite, metal, laminates, terracotta, and others. The end-user segment is sub-segmented into residential, commercial and industrial. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Global Rainscreen Cladding Market – Regional Analysis
Europe dominates the global rainscreen cladding market. The largest market share attributes to the growing application of rainscreen cladding solutions and the rapidly growing construction industry in the region. Besides, the rapid urbanization and increasing population drive the region’s rainscreen cladding market growth, leading to an increase in the number of construction activities.
The introduction of the European commission’s regulations, with the objective of energy, uses optimization in residential, commercial and industrial sectors substantiates the market size.
The Asia Pacific region stands second in the global rainscreen cladding market. Rapid urbanization fosters market growth in China, India, and other emerging economies in the region. Additionally, the presence of leading manufacturers and the growing construction industry in the region create substantial demand for rainscreen cladding materials.
The rainscreen cladding market in North America is growing rapidly. Factors such as the increasing production capacities, high consumption potential, and well-developed economy boost the regional market growth. Furthermore, advances in building cladding technologies and techniques boost market growth.
Global Rainscreen Cladding Market – Competitive Analysis
Fiercely competitive, the rainscreen cladding market appears fragmented due to several well-established industry players operating in the market. Mergers & acquisitions, collaboration, brand reinforcement, and innovation are popular trends of key players to gain a larger competitive advantage and maintain their market positions.
Major Players:
Players active in the global rainscreen cladding market include Carea Ltd. (London), Kingspan Insulation PLC (Ireland), MF Murray Companies (U.S.), CGL Facades Ltd. (U.K.), Celotex Ltd. (U.K.), Rockwool International A/S (Denmark), FunderMax Holding AG (Austria), Eco Earth Solutions (India), Euramax (Netherlands), and Trespa International B.V. (Netherlands), among others.
Industry/ Innovation/ Related News:
Dec 24, 2020 ---- Sto Corp., a leading provider of claddings, air barriers, coatings, and restoration systems, launched a new rainscreen cladding material StoVentec Rainscreen Systems. The new product offers options for the building cladding that include StoVentec Glass and StoVentec Render, delivering a complete and fully integrated rainscreen wall solution. StoVentec also delivers a seamless air and moisture barrier, intuitively adjustable sub-construction, continuous insulation, and multiple cladding options.
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