Stratview Research has published a new report titled “Rainscreen Cladding Market” which is segmented by Material Type (Composite Materials, Metal, Fiber Cement, High-Pressure Laminates, and Others), by Construction Type (New Construction, Renovation), by End-Use Sector Type (Non-residential, Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

 

As per the study, the market estimates to grow at a healthy CAGR of 6.78% during the forecast period of 2022-2028 and reaches USD 201.42 billion by 2028 from USD 126.73 billion in 2021.

 

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.

 

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Material Trends

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.

 

Construction Trends

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 the installation of rainscreen cladding during the construction process compared to renovation.

 

End-Use Sector Trends

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 which has to be rainscreen cladded in non-residential (corporate offices, supermarkets, institutions, etc.) is comparatively larger than the residential (row houses or flats).

 

Which Region is expected to remain the largest market?

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, the presence of a large number of 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.

 

Who are the Key Players in the Market?

This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Rainscreen Cladding Market:

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

 

Key questions answered by the report.

  • What is the projected CAGR for revenue from the Rainscreen Cladding Market during the forecast period?
  • What would the market be valued at by 2028?
  • What is a major driving factor for the growth of the market?
  • Which region accounted for the largest revenue share in the Rainscreen Cladding Market?
  • Which are the major market players?

 

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About Us

Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.