The Rainscreen Cladding Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rainscreen Cladding Global Market Report 2024, The rainscreen cladding market size has grown strongly in recent years. It will grow from $14.36 billion in 2023 to $15.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to construction and architectural sector growth, demand for energy-efficient building solutions, expansion of sustainable and green construction, regulatory standards for building safety, adoption of rainscreen systems for moisture protection..
The rainscreen cladding market size is expected to see strong growth in the next few years. It will grow to $21.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to customized rainscreen cladding solutions, expansion of sustainable and recyclable materials, innovation in smart and self-healing cladding, increased use in retrofit and renovation projects, adoption of rainscreen systems in urban planning.. Major trends in the forecast period include self-cleaning and pollution-absorbing cladding, regulatory compliance in cladding safety and codes, flexible and adaptable cladding designs, personalized cladding solutions for specific architectural needs, transparency in material sourcing and environmental impact..
The increase in residential and non-residential construction is expected to propel the growth of the rainscreen cladding market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. Rainscreen cladding is highly durable and has the ability to enhance the aesthetic appearance of residential and non-residential buildings. It also protects the building from excessive heat. For instance, according to the U.S. Census Bureau, a US-based government agency, in October 2021, construction spending reached $1,618.8 billion, which increased to $1,625.9 billion in November 2021. Therefore, increasing residential and non-residential construction is driving the growth of the rainscreen cladding market.
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The rainscreen cladding market covered in this report is segmented –
1) By Material: Metal, Fiber Cement, Composite Materials, Other Materials
2) By Construction: New Construction, Renovation
3) By End-User: Non-residential, Residential
New product innovations have emerged as a key trend gaining popularity in the rainscreen cladding market. Major players operating in the rainscreen cladding market are focused on developing new products to gain a competitive advantage. For instance, in October 2021, Fiberon, a UK-based manufacturer of composite and PVC decking, railing, and fencing products used in homes and light commercial construction, introduced new composite cladding for rainscreen applications, combining the beauty and warmth of wood with the durability of low-maintenance, high-performance composite materials.
The rainscreen cladding market report table of contents includes:
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Top 5 Major Key Players Are:
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