Global Rainscreen Cladding Market is valued approximately USD 9.43 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2019-2026. Rainscreen Cladding is an addition of an outer skin of rear-ventilated cladding to a new or existing building. It forms a double wall construction which employs an outer layer to keep out the rain and an inner layer to provide thermal insulation. Further, it also prevents excessive air leakage and carry wind loading. The increase in demand for energy efficient buildings and the need for exterior wall protection has led the adoption of Rainscreen Cladding across the forecast period. Also, the increase in residential and non-residential construction is expected to fuel the demand for Rainscreen Claddings. As per Statista, the global construction industry spending in 2018 amounted to USD 11.4 trillion which is expected to reach USD 14 trillion by 2025. Hence, the increase in construction will increase the market for rainscreen cladding as it is a suitable choice for large multi-story buildings and improves aesthetics and architecture of the building.
The regional analysis of global Rainscreen Cladding market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to recovery in the residential and commercial applications and stringent regulatory guidelines for construction industry. Further, increasing terracotta and composite materials demand in the UK will stimulate industry growth. With Energy Policy Act, 2005 and International Energy Conservation Code, 2006 the usage of these systems in European buildings has gained prevalence. Whereas, North America is also anticipated to exhibit high growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing single family house construction with government initiatives for infrastructure and commercial project would create lucrative growth prospects for the Rainscreen Cladding market across North American region.
Major market player included in this report are:
Kingspan Insulation (UK)
SIKA (Switzerland)
Rockwool International A/S (Denmark)
Everest Industries Limited (Denmark)
SFS Group AG (US)
Sotech Architectural Facade Systems (UK)
Promat UK Ltd (UK)
Interface (US)
Carea Ltd (London)
MF Murray Companies (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Construction:
New construction
Renovation
By Material:
Composite Materials
Metal
Fiber Cement
HPL (High Pressure Laminate)
Others
By End-Use:
Residential
Non-residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Rainscreen Cladding Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
