Rainscreen Cladding Market size was valued at USD 143.15 billion in 2023 and is likely to cross USD 353.45 billion by 2036, registering more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rainscreen cladding is estimated at USD 151.4 billion.
The demand for energy efficient building and need for exterior wall protection is rising rapidly. Increase in construction works of residential as well as non-residential buildings in the developed and developing nations is projected to lead to the growth market in the upcoming years.
Growth Drivers
Increasing natural calamities to raise the demand for rainscreen cladding system
The need for rainscreen cladding is rising rapidly, owing to the increase in the occurrence of natural calamities such as tsunami, wildfires, hurricanes and others. Additionally, emergence of new companies and a surge in industrialization are some factors estimated to increase the growth of market over the forecast period.
Rising constructions activities globally to drive the growth of the market
There is a high growth in the global market owing to the increasing construction activities. Rise in the consumers’ disposable income, specifically in the nations which are developing, is one of the key factors contributing towards the remodeling and renovation activities. This factor is predicted to play a significant role in expansion of the market size.
Rising energy crisis and high pollution levels to influence the overall market growth
Huge innovations and advancements are taking place in the industries in order to manage the situations for high pollution levels and energy crises. As rainscreen cladding systems have the capability to manage numerous aspects consisting of heat transfer inside the building, negative wind pressure, water and air filtration, vapor transmission and others, this will ultimately result in the growth of the rainscreen cladding system market in the upcoming years.
Challenges
Disadvantages associated with rainscreen cladding to limit the growth in the upcoming years
Rainscreen cladding has several advantages such as managing negative wind pressure, water, air filtration and others. Despite having these many advantages, there are some factors that are estimated to hamper the market growth in coming years. Owing to high price of installation, labor force along with repair, the market growth is predicted to be hampered tremendously, thereby affecting the need for rainscreen cladding material in the coming years.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 143.15 billion |
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Forecast Year Market Size (2036) |
USD 353.45 billion |
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Regional Scope |
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The rainscreen cladding market is segmented by construction, by raw material, by end user and by region. The market is segmented on the basis of raw material into metal, terracotta, high-pressure laminates, fiber cement, composite material and others, out of which, the composite material segment is anticipated to hold the largest market share on the back of durability and high strength. They are considered to be the most preferred material in residential and non-residential buildings owing to the easy installation techniques and low cost.
Our in-depth analysis of the global market includes the following segments:
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By Construction |
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By Raw Material |
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By End User |
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On the basis of regional analysis, the global rainscreen cladding market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe industry is set to account for largest revenue share by 2036, attributed to high growth of the construction opportunities in the region during the forecast period. On the other hand, the market in North America is anticipated to gain a significant market share on the back of rising residential building construction projects. The companies located in the United States provide solutions in order to maintain and install several panels in various institutions as well as buildings.
Author Credits: Rajrani Baghel
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