Cladding System is often pre-fabricated in panels that are attached to the structural frame of the building. The key drivers for the growth of cladding system market is increasing construction & infrastructure activities. It is used to protect the building from the extreme environment conditions. However, high maintenance cost of the system my hamper the growth of cladding system market. On the basis of region, North America is the largest market by value. The Cladding System Market is expected to grow at CAGR of 6% by 2022.
Continuously growing construction & infrastructure is the primary driving factor of cladding system market. The growing need for thermal insulation and weather protection augments the demand for such systems across the globe. Additionally, government regulations regarding zero energy building codes is another driving factor of this market. Cladding System Market is expected to grow at CAGR of 6% during the forecast period.
North America is the largest Growing Market:
North America region dominates the Cladding System Market. New construction and remodeling of existing structure is going on and also availability of technical expertise, drive this market in North America region.
The key players of Global Cladding System Market report include- Tata Steel Ltd, Alcoa Inc., Etex Group, James Hardie Industries Plc., Boral Ltd, Axiall Corporation, CSR Ltd., Nichiha Corporation, Cembrit Holding A/S, and Compagnie de Saint Gobain SA.
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Market Research Analysis:
The market is highly application based. The factors contributing to the growth of the cladding system market are, government regulation regarding zero energy building, availability of skilled labors and increase the disposable income. The market is expected to have higher growth rate as compared to the previous years. North America is the largest region for the Cladding System Market.
Scope of the Report:
This study provides an overview of the Global Cladding System Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Cladding System Market as materials, components, and application.
- Brick & stone
- Roof Light
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