Global Rainscreen Cladding Market to Surpass 218.01 Billion by 2030 Driven by Growing Wave of Urbanization
SkyQuest Technology Consulting Pvt. Ltd.
3 min read
SkyQuest Technology Consulting Pvt. Ltd.
SkyQuest projects that the global rainscreen cladding market will attain a value of USD 218.01 billion by 2030, with a CAGR of 7.1% during the forecast period (2023-2030). Rainscreen cladding has diverse applications across the global commercial, industrial, and residential sectors due to its robust, lightweight, moisture-resistant, and user-friendly qualities. This architectural feature serves a crucial role by safeguarding a building's exterior walls from rain, effectively preventing moisture from infiltrating the interior structure in the global rainscreen cladding market.
Westford,USA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- According to SkyQuest, the growing wave of urbanization and a growing global population, expected to drive a surge in new construction projects and an uptick in non-residential construction, all underscore the substantial growth potential of the global rainscreen cladding market.
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Pages - 157
Tables – 68
Figures – 77
Moreover, the exceptional durability of rainscreen cladding systems further cements their position as a critical driver in the global rainscreen cladding market, promising resilience and longevity for structures in various sectors during the forecast period.
Prominent Players in Global Rainscreen cladding market
Kingspan Group
Carea Group
ETEX Group
Rockwool International A/S
Cembrit Holding A/S
Trespa International B.V.
Equitone
Prodema
James Hardie Industries PLC
Sotech Limited
Swisspearl
Marley Ltd.
Steni AS
Ruukki Construction
Commercial Segment to Dominate Market due to Rising Demand for New Construction Projects
Commercial segment has taken center stage in the global rainscreen cladding market, accounting for a substantial share, and is poised for rapid expansion throughout the forecast period. This upward trajectory is closely linked to the rapid pace of industrialization and the development of companies, fueling the demand for new construction projects.
Private investments in the industrial sector have risen, significantly bolstering product demand in the Asia-Pacific. This surge in investment activity has set the stage for substantial growth within the construction sector across the region. As a result, the global rainscreen cladding market is poised for significant expansion throughout the forecast period.
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Composite Material Segment to Witness Significant Growth due to their Outstanding Performance Characteristics
Composite material segment has emerged as a critical driver in the global rainscreen cladding market, holding a significant share. It is expected to retain its dominant position throughout the forecast period. The continued preference for composite materials can be attributed to their outstanding performance characteristics and the cost-effective maintenance nature associated with them.
Europe took the lead by contributing over 30.5% of worldwide earnings in 2022. This commanding position is attributed to Europe's thriving construction industry, driven by substantial product demand from industrialized economies. The region is poised for gradual growth, expecting a steady rise in the predictable future in the global rainscreen cladding market.
A comprehensive analysis of the major players in the global rainscreen cladding market has been recently conducted in this report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in Global Rainscreen cladding market
In 2023, James Hardie Industries made a significant move by acquiring the rainscreen cladding business of Axon International. This strategic acquisition is expected to broaden James Hardie's product portfolio and open doors to new markets, further solidifying its presence and influence in the construction and architectural sectors.
In 2023, Saint-Gobain unveiled an innovative addition to the rainscreen cladding landscape with their new system, Rainscreen Evolution. This cutting-edge system is meticulously designed to surpass the durability and energy efficiency standards set by traditional rainscreen cladding systems.
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
