Rainscreen Cladding Market - Forecast(2024 - 2030)

Rainscreen Cladding Market Overview

Rainscreen Cladding Market size is forecast to reach US$16.1 billion by 2026, after growing at a CAGR of 6.8% during 2021-2026. Rainscreen cladding is an exterior cladding infrastructure that is placed on the exterior of buildings. The rainscreen cladding system can be made from different materials such as stainless-steel aluminum, zinc, and others. At several stages of the construction of rain cladding huge amounts of unprotected polystyrene are being used. This shielding solution consists of an insulation layer, and a cladding material that is associated with the building across a supporting frame. This structure initiates an air cavity between the wall and the cladding material, which allows uninterrupted ventilation. Masonry veneer rainscreen claddings have obtained popularity due to their drainage and air circulation system to separate it from the exterior supportive wall and help avoid moisture penetration. Demand for rainscreen cladding market is increasing due to the high growth of the construction industry worldwide.

COVID-19 Impact

The COVID 19 outbreak has impacted the development of the rainscreen cladding industry owing to the lockdown measure in various region such as Asia-Pacific, North America and others. Delay in manufacturing and production of rainscreen cladding panels which are utilized in industrial, residential, and commercial spaces have experienced downfall as the governments of several countries have imposed lockdowns that have forced people to stay at home, which, in turn, has reduced the physical interaction among people along with the commercial work. The escalating focal point on remote working is expected to restrict the growth of the construction industry, which, in turn, is likely to hamper the growth of the rainscreen cladding market.

Report Coverage

The report: “Rainscreen Cladding Market”- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Rainscreen Cladding Market Industry.     

By Types: Wood Cladding, Stone Cladding, Ceramic Cladding, Tile Cladding, Porcelain Cladding, Composite Cladding, Concrete Cladding, Terracotta Cladding, and Others

By Application: Roof and Façade, Exterior and Interiors, Walls, Doors, Siding, Vents, and Others

By End-Use Industry: Commercial Construction (Hospitals and Healthcare, Educational Institutes, Hotels and Restaurants, Airports, Office Buildings, Hyper and Super Market, Shopping Malls and Others), Residential Construction (Independent Homes, Row Houses, and Large Apartment), and Industrial (Factories, Power plants, Warehouses, and Others)

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa).

Key Takeaways

• Asia Pacific dominates the Rainscreen Cladding Market owing to a rapid increase in construction sector. For instance, according to Invest India, the Indian construction industry is anticipated to witness a CAGR of 15.7% to touch US$738.5 billion by 2022.
• The market drivers and restraints have been assessed to understand their impact over the forecast period.
• The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
• The other key areas of focus include the various applications and end use industry in Rainscreen Cladding Market and their specific segmented revenue.
• Rapid rise in demand for wood and timber cladding due to sustainability and environment friendly nature initiate to boost the rainscreen cladding market.

Figure: Asia-Pacific Rainscreen Cladding Market Revenue, By Geography 2020-2026 (US$ Billion)

Rainscreen Cladding Market Segment Analysis - By Types

Composite Cladding segment held the largest share in the Rainscreen Cladding Market in 2020 and is growing at a CAGR of 7.5% during 2021-2026. The composite material is likely to maintain its dominance owing to its superior performance and low cost of maintenance. They are mostly preferred in the construction industry as they hold versatility, which let the panels be in shaped into complicated forms. Besides they are completely recyclable and facilitate to improve buildings' aesthetic appeal along with various colors and sizes. Another mostly used cladding type which is anticipated to grow with the largest CAGR DURING 2021-2026, is metal rainscreen cladding and fiber cement, commonly used due to its corrosion resistance, durability, superior flatness, and stability under dynamic thermal conditions. Fiber cement is made with cement and cellulose fiber. As they can effortlessly resist rainwater and high-pressure winds, these panels are achieving multiple acceptance. Fiber cement provides fireproof properties that make it a suitable raw material for panel production.

Rainscreen Cladding Market Segment Analysis - By Application

Exterior and Interior segment held the largest share in the Rainscreen Cladding Market in 2020. Exterior cladding insulates commercial properties, thus considerably fetching down heat and cold charges, along with making the interiors comfortable. It acts as an additional layer of protection to the building and enhances its mechanical strength and avoid cracks. It protects against weather direct sun by acting as a thermal insulation and maintaining internal heat load condition along with cold, wind, rains, and others. It also soundproofs against busy urban conditions outside the building. Besides, it provides aesthetic beauty to the exterior as well as interior of the building. Cladding turns up in a range of designs and colors which gives ability to fetch out desired style.

Rainscreen Cladding Market Segment Analysis - By End-Use Industry

Commercial Construction segment held the largest share in the Rainscreen Cladding Market in 2020 and is growing at a CAGR of 8.2% during 2021-2026. Rapid industrialization and new construction is likely to intensify the market of cladding for new office buildings, educational Institutes, hospitals and healthcare and the rehabilitation of existing ones. These are large buildings or clusters of buildings that require rainscreen cladding made of rigid & durable material to protect against severe weather. The major purpose of the cladding is splitting the indoor of a building from the outside environment. The commercial construction is gaining traction with the rising necessities, for instance, according to India brand Equity Foundation, Indian construction sector has endorsed elevated growth in 2020 with rise in demand for office spaces as well as residential spaces and appealed US$5 billion investments. With the constant development in the sector in turn increases the demand for rainscreen cladding in the forecast period.

Rainscreen Cladding Market Segment Analysis - By Geography

Asia-Pacific region held the largest share in the Rainscreen Cladding Market in 2020 and is growing at a CAGR of 38% during 2021-2026 followed by North America and Europe. The rapid growth in per capita income coupled with high investment in modern construction practices is likely to create opportunities for the market during the forecast period. It is projected that half of the global construction spending is coming from Asia-Pacific countries, with China, Indonesia, Japan, South Korea, and Malaysia showing the greatest potential for expansion. According to International Trade Administration, China is expected to witness increased construction industry revenue value from US$968 billion to US$1.1 trillion in 2019 -2021. Besides, In India, to renew around 1,600 stuck housing projects across the country, the Union Cabinet has sanctioned the planning of US$ 3.58 billion alternative investment fund (AIF). Such continual expansion of these sectors is anticipated to drive the need for rainscreen cladding over the forecast period in Asia-Pacific. 

Rainscreen Cladding Market Drivers

Growing Construction Industry Worldwide

The global construction industry is the world's largest consumer of raw materials. The construction taking place for the development in the different region all over the world initiate to boost the rainscreen cladding market. The European construction industry is growing at a rapid pace due to low-interest rates, strong economic growth, and pent-up needs. For instance, 2021 real estate developer Artisan Real Estate announced its new US$78.7 million residential development named Kirkstall Place in UK. On the other hand, the African construction industry has seen rapid growth for instance, for instance, Kenya has embarked on the construction of a US$14.5 billion technology city in Machakos County in a bid to appeal technology geniuses and financiers to boost its economic growth. 

Rapid increase in demand for Wood and Timber Cladding

With the growing stringent environmental rules and regulations, the world is leaning towards more sustainable and environment-friendly products. With the rising demand for sustainable products the contractors prefer wood and timber cladding for residential as well as commercial constructions. Timber is a naturally renewable material and carbon neutral, balancing any kind of emissions better than other building materials. Besides, it is durable, can withstand any weather and act as in insulator which protects from rain. Wooden cladding has various outlines as it can be shaped into distinctive sizes. Besides, it is also available in various patterns which are waterproof and avoid water penetration. The rising demand for wood and timber cladding due to its high flexibility towards architectural designs and with decorative effects, is likely to enhance the growth of the rainscreen cladding market. 

Rainscreen Cladding Market Challenges

Lack of Product Design may Hamper the Market

The inability to tackle gradients of air pressure is one of the major setbacks in the design of rainscreen cladding. If an exterior cladding wall is not airtight, the surface of the wall would lay bare to substantial wind and water. It may cause deterioration to the material as the rainwater penetrate the wall and get absorb over time.  Some stones cladding tends to decay with time and also sedimentary stones are built in layers can be separated if loaded vertically. Besides, the installation required skilled workers and the maintenance are comparatively high, which seems to hinder the perspective of rainscreen cladding market growth.

Rainscreen Cladding Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Syngas. Major players in the Rainscreen Cladding Market are:

1. Rockwool International A/S
2. Kingspan Group
3. Sika AG
4. SFS Group AG
5. CGL Systems Ltd.
6. Proteus Facades
7. Valcan
8. Sotech Optima ALL
9. Maple
10. The Clarison Group Ltd (Alucraft Ltd)
11. Euro Panels Overseas N.V. 

Acquisitions/Technology Launches/ Product Launches  

• In April 2021, Proteus Facades launched rainscreen cladding ranges in USA. The design and manufacturing are done by aluminium honeycomb cores, which allows the systems to create some innovative facades utilizing materials such as Copper Alloys, Zinc and Stainless Steel.
• In November 2020, Maple launched a class-leading rainscreen cladding system that is high-performing, strong and efficient to install. It is designed to address the major manufacturing and installing pain points within the sector.

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