The term cladding signifies to components that are connected to the primary structure of a building to form non-structural, external surfaces. Rainscreen cladding is an outward layer of water-shedding material that is placed on the outside of commercial buildings. The cladding panels are made from aluminum, zinc, stainless steel, and copper. Furthermore, the growing demand in residential and commercial applications for improved weather resistance is expected to drive the market growth.
MARKET SCOPE
The "Global Rainscreen Cladding Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the rainscreen cladding market with detailed market segmentation by cladding material, application, construction type, and geography. The report provides key statistics on the market status of the leading rainscreen cladding market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on cladding material, the global rainscreen cladding market is segmented into ceramic, timber, and metal,
- On the basis of application, the market is segmented into residential, commercial, and industrial.
- Based on construction type, the market is segmented into new construction and renovation.
MARKET DYNAMICS
Drivers:
- The growth in the construction industry is driving the global rainscreen cladding market.
- Furthermore, increasing residential buildings in the potential region, such as the Asia Pacific are anticipated to create opportunities for the rainscreen cladding market during the forecast period.
Restraints:
- High initial installation cost and maintenance cost may hinder the growth of the global rainscreen cladding market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rainscreen cladding market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rainscreen cladding market in these regions.
IMPACT OF COVID-19 ON RAINSCREEN CLADDING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the rainscreen cladding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from rainscreen cladding market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rainscreen cladding market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CAREA Group
- Celotex Ltd.
- Centria International
- Merson Group
- FunderMax
- Kingspan Group
- M.F. Murray Companies, Inc.
- Rockwool International A/S
- The Dow Chemical Company
- Trespa International B.V.