The global cladding system market is predicted to grow at a 6% CAGR over the forecast period (2018-2022), reveals the new Market Research Future (MRFR) report. Cladding, simply put, is a non-loadbearing layer or skin fixed to the exterior of a home for shedding water and protecting the building against weather conditions. This is also a key element with regard to a home’s aesthetic appeal and directly influences the property value and building cost. The choice of cladding will have a significant impact on the home’s environmental performance.
Cladding offers various benefits, such as aesthetic appeal, pollution prevention, fire resistance, and insulation. It can be installed over roofs, walls, doors, windows, or other components of a building that are exposed to various external environmental forces. Owing to its cost-effectiveness, engineers and architects prefer it in core constructions.
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Various factors are driving the growth of the cladding system market. These factors, in accordance with the Market Research Future (MRFR) report, include an increase in infrastructure both commercial and residential activities, rising per capita income, and the burgeoning demand for durable cladding systems that are capable of withstanding weathering actions as well as resisting deterioration and chemical attacks.
On the contrary, high installation and maintenance costs, coupled with, a shortage of raw materials, are factors that may impede the cladding system market growth over the forecast period.
Key Players
Leading players profiled in the Cladding System Market report include Cembrit Holding A/S, Compagnie de Saint Gobain SA, CSR Ltd., Nichiha Corporation, Axiall Corporation, James Hardie Industries Plc., Boral Ltd, Etex Group, Tata Steel Ltd, and Alcoa Inc. , among others. The market is fragmented as well as competitive, due to the existence of several key players. Product launch, expansion, acquisition, and partnership are the key strategies that the market players have adopted to maintain their foothold.
July 2019: Bendheim DesignLab will make its debut at Manhattan’s New York Design Center. Refrigerator doors and kitchen cabinets show off HardShell baked on custom-edged glass in color coatings, the backsplash uses EcoGlass and with laminated mirror and interlayer, and the backlit wall highlights the latest TurnKey cladding system.
Target Audience
- Material Manufacturing Organizations
- Distributors & Suppliers
- Research Institute / Education Institute
- Potential Investors
Market Segmentation
The MRFR report offers a wide segmental analysis of the cladding system market based on materials, components, and application.
By materials, the cladding system market is segmented into stone, brick, vinyl, metal, wood, and others. Of these, the metal segment will have the largest share in the market over the forecast period.
By components, the cladding system market is segmented into vent, roof light, wall, doors, window, and others. Of these, the wall segment will dominate the market over the forecast period.
By application, the cladding system market has been segmented into non-residential and residential. Of these, the residential segment will have the maximum share in the market over the forecast period.
Regional Analysis
Based on the region, the cladding system market report covers growth opportunities and the latest trends across Europe, Asia Pacific (APAC), North America, and the Rest of the World. Of these, North America will dominate the market over the forecast period. This is owing to growing construction projects and vast technological advancements which allow the materials to demonstrate properties such as cost efficiency, high durability, and low maintenance. Additional factors boosting market growth include the availability of skilled labors and the region taking up capital-intensive projects.
The cladding system market in the APAC region will have the second largest share in the market over the forecast period. This is owing to rapidly growing construction activities, improving economic conditions, and rapid industrialization and urbanization. Besides, cost-effective accessibility of logistics such as raw materials, workforce, and land to manufacture cladding systems is influencing foreign players in shifting their production units to this region. India, Japan, Singapore, and China are the key contributors here.
The cladding system market in Europe is predicted to have a profitable growth over the forecast period. This is owing to the rising number of non-residential and residential construction activities.
Scope of Report
The report for Global Cladding System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of Cladding System Market
- To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Cladding System Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Cladding System Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Materials, by Components, by Application and by Region.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Cladding System Market.
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List of Table
Table 1 World Population by Major Regions (2015 to 2030) (Billion)
Table 2 Global Cladding System Market: by Region, 2014-2022 (Usd Billion)
Table 3 Global Cladding System Market: by Region, 2014-2022 (Kt)
Table 4 North America Global Cladding System Market: by Country, 2014-2022 (Usd Billion)
Table 5 Europe Global Cladding System Market: by Country, 2014-2022 (Usd Billion)
Table 6 Asia-pacific Global Cladding System Market: by Country, 2014-2022 (Usd Billion)
Table 7 Row Global Cladding System Market: by Country, 2014-2022 (Usd Billion)
Table 8 Global Cladding System Market: by Regions, 2014-2022 (Usd Billion)
Table 9 North America Global Cladding System Market by Materials: by Country, 2014-2022 (Usd Billion)
Table 10 Europe America Global Cladding System Market by Materials: by Country, 2014-2022 (Usd Billion)
Continued…..
List of Figures
Figure 1 Global Cladding System Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Cladding System Market
Figure 4 Value Chain of Global Cladding System Market
Figure 5 Share of Global Cladding System Market in 2014, by Country (in %)
Figure 6 Global Cladding System Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Global Cladding System Market
Figure 8 Global Cladding System Market Size by Materials
Figure 9 Share of Wood in Global Cladding System Market, 2012 to 2022
Figure 10 Share of Metal in Global Cladding System Market, 2012 to 2022
Continued…….
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