Global "Rain
screen Cladding Market" 2024 Industry
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screen Cladding industry. It will show how other players compete in the global Rain
screen Cladding Market and explain the strategies you use to differentiate
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Global Rain screen Cladding
Market size is expected to reach USD 14.0 billion by 2024. Rain screen cladding
is an attachment of the outer skin with a ventilated & drained cavity
provided to a new or existing building infrastructure. The main purpose of rain
screen cladding is to protect the exterior wall of a building from rainwater
and prevent it from penetrating the interior of the property. The market size
is expected to register a CAGR of 7.6% in the upcoming period as the scope,
product types, and its applications are increasing across the globe. It
provides some advantages such as lightweight material, thermal insulation,
improved external appearance and acoustic performance of the buildings. Demand
for these products has increased significantly due to promotion by
International Energy Agency and World Green Building Council.
In rain screen cladding,
some raw materials are used such as fiber cement, metal, composite material,
terracotta, high pressure laminates, ceramic, and others. Composites are the
leading raw material for the manufacture of rain screen cladding owing to
properties like durability, higher strength and flexibility. The “fiber cement”
segment is anticipated to hold the highest market share over the forecast period.
This material can resist the growth of mold, fungi, and bacteria. These
materials are gaining increasing importance as they require no special tools
for installation.
Metals are lightweight and
easy to install. Metals such as zinc, aluminum, and steel are used for various
applications. They offer some advantages like aesthetic appeal, sound &
thermal insulation and fire resistance. Metals are mostly used due to their
rigidity, superior flatness, excellent tensile strength and stability under
changing thermal conditions. The factors that play an important role in the
growth of rain screen cladding market include increasing demand, growing
population, increasing urbanization & industrialization, growing demand for
energy efficient buildings construction, growing construction industry,
emerging need for exterior wall protection, technological advancements and
stringent government rules & regulations. Moreover, increasing demand of
eco-friendly buildings due to stringent government regulations, rising awareness
about environmental degradation, changing lifestyle, and rising disposable
income are main factors driving the growth of market in the next couple of
years.
However, high installation
and maintenance cost are negatively impacting the growth of rain screen
cladding industry. The market is widely analyzed based on different regional
factors such as gross domestic product (GDP), demographics, acceptance,
inflation rate, and others. The market is categorized based on raw material,
application and geography. The market is classified into application such as
commercial, residential, offices, industrial and institutional. The “offices”
segment is expected to hold the largest market share in the upcoming period due
to increasing refurbishment of office structures.
Additionally, the
“residential” application is projected to grow at the higher CAGR during the
forecast period. The increasing expenditure on affordable housing schemes in
developing countries, growing over-cladding activities on existing buildings and
stringent government rules & regulations for developing green buildings are
anticipated to boost the demand for rain screen cladding in the residential
sector.
Asia Pacific has been at
the forefront with regards to rain screen cladding market and will continue to
rule the roost in the years to come. The increasing population in developing
countries, coupled with high demand for affordable government & housing
schemes promoting energy efficiencies and growing construction industry are
major factors drive the market growth
in this region.
The key players
contributing to the robust development of the rain screen cladding market
include King span Insulation plc, Lakesmere International Ltd., Dow Building
Solutions, Ash & Lacy Building System Ltd., Carea Ltd., Booth Muirie Ltd.,
Celotex Ltd., E.I. DuPont de Nemours & Co., CGL Facades Co., MF Murray
Company, Kalzip Ltd., Rockwool International A/S, NvelopeRainscreen System Ltd.
and TAKTL LLC. These market players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
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