July 14, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Rainscreen Cladding Market.
It was estimated prior to this unanticipated outbreak that the Rainscreen Cladding Market is likely to witness an impressive CAGR of 7.0% during the forecast period. The growing demand for rainscreen cladding for protecting the exterior wall is owing to its thermal and acoustic insulation, safety, and aesthetics properties, which drives the rainscreen cladding market globally.
Market Scope & Segmentation
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 host of advantages such as energy saving, requires almost no maintenance, and improves the durability of the building.
Rainscreen Cladding is made up of 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-residentials (offices, supermarkets, institutions, etc.) and residential.
This report studies the market covering a period of 12 years of trend and forecast. 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.
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Based on the material type, 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 2019, and is expected to remain dominant during the forecast period owing to its low maintenance cost and higher durability.
Based on the construction type, 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 installation of rainscreen cladding during the construction process compared to renovation.
Based on the end-use sector type, the rainscreen cladding 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).
In terms of regions, Europe is estimated to lead the rainscreen cladding market during the forecast period owing to huge spending capability of individuals, enormous growth of the construction industry in the region, and 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.
Key players operating in the global Rainscreen Cladding market are-
• Kingspan Insulation plc
• Carea Ltd.
• Rockwool International A/S
• M.F. Murray Companies, Inc.
• Celotex Ltd.
• CGL Facades Co.
Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Rainscreen Cladding analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• 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, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
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