Rainscreen Cladding Market Analysis | 2022-2028

Market Insights

The rainscreen cladding market was estimated at USD 126.73 billion in 2021 and is likely to grow at a CAGR of 6.78% during 2022-2028 to reach USD 201.42 billion in 2028.

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Market Dynamics

Introduction

Rainscreen Cladding is an outer skin or attachment to the new or existing building to keep out the rain and to provide thermal and acoustic insulation, which gives a host of advantages such as energy savings, requires almost no maintenance, and improves the durability of the building.

Rainscreen Cladding comprises different material options such as composite materials, metal, fiber cement, high-pressure laminates, and others. It is used in different end-use sectors such as non-residential (offices, supermarkets, institutions, etc.) and residential.

Market Drivers

The major factors driving the growth of the rainscreen cladding market are:

• Rising demand for enhanced moisture control properties and energy efficiency in the product.
• A shift in the trend of protecting exterior walls.
• Growing demand for the construction of non-residential buildings like offices and institutes in both developed and developing nations.
• Rising remodeling and maintenance activities.

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Key Players

The following are the key players in the rainscreen cladding market (arranged alphabetically):

• CGL Facades Co.
• Carea Ltd.
• Celotex Ltd.
• Kingspan Insulation plc
• M.F. Murray Companies, Inc.
• Rockwool International A/S

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Material Type

“The Composite Material segment dominated the market in 2021 and is projected to maintain its lead in the forecast period.”

The market is segmented as composite materials, metal, fiber cement, high-pressure laminates, and others. The Composite Material segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period owing to its low maintenance cost and higher durability.

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By Construction Type

“The New Construction segment is expected to remain dominant during the forecast period.”

The market is segmented as new construction and renovation. The New Construction segment is expected to remain dominant during the forecast period owing to no/minimal disruption required for installing rainscreen cladding during the construction process compared to renovation.

By End-Use Sector Type

“The Non-Residential segment leads the market.”

The market is segmented as non-residential and residential. The Non-Residential segment leads the market owing to rapid industrialization and diversification of companies. Further, the area that has to be rainscreen cladded in non-residential (corporate offices, supermarkets, institutions, etc.) is comparatively larger than the residential (row houses or flats).

Regional Insights

“Europe leads the market, with Asia-Pacific anticipating the highest growth.”

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). 

Europe is estimated to lead the market during the forecast period owing to the huge spending capability of individuals, the enormous growth of the construction industry in the region, and the presence of many rainscreen cladding manufacturers in countries such as the UK, Germany, France, and Russia. Asia-Pacific is expected to witness the highest growth during the forecast period owing to rapid growth in per capita income and high investments in modern construction activities, which are expected to uplift the region’s product penetration during the forecast period.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s rainscreen cladding market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our rainscreen cladding market report from the industry stakeholders, we have tried to further accentuate our research scope to the rainscreen cladding market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The rainscreen cladding market is segmented into the following categories:

By Material Type

• Composite Materials
• Metal
• Fiber Cement
• High-Pressure Laminates
• Others

By Construction Type

• New Construction
• Renovation

By End-Use Sector Type

• Non-residential
• Residential

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].