Cladding Systems Market 2018: Global Key Players, Trends, Share, Industry Size, Growth, Opportunities, Forecast To 2022

“Global Cladding System Market”
Global Cladding System Market Information by Materials (Wood, Metal, Vinyl, Brick & stone and others), by Components (Window, Doors, Wall, Roof Light, Vent and Others), by Application (Residential and Non-residential) and by Region – Forecast to 2022

Global Cladding Systems Market   – Overview

Cladding systems have found their application across commercial, residential construction industries. Cladding products are used as a protective covering for the wall, floors, and ceilings of construction. Materials such as steel, wood, PVC, and concrete among others are used in cladding. Claddings are generally installed with surface binding techniques. These systems are installed during initial construction of buildings and also during repairs or renovation. These are cost-effective and have gained popularity over a period of time.

The private construction industry has seen growth across the globe. This has induced the market for cladding systems. The increasing investment in material technology in such systems have led to the reduced costs of the same. The technological advancement has not only helped the reduction of cost but has also surfaced the light weight systems which are used extensively in the commercial and private construction sites. It also fosters energy savings in construction which has resulted in the capturing of market. Cladding System market is expected to grow at CAGR of 6% by 2022.

Prominent Players

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 are some of the prominent players at the forefront of competition in the global cladding systems market and are profiled in MRFR Analysis. 

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Global Cladding Systems Market   – Competitive Analysis

Characterized by the presence of several well-established along with medium and small players, the global market of cladding systems appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.  The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.

Industry News

In Jan 2018, Howarth Timber & Building Supplies has unveiled its bigger cladding solutions collection, along with a brochure designed to help people understand the vast benefits of timber cladding. Howarth Timber’s cladding collection provides specifiers with a thorough solution, which includes traditional cladding such as larch, cedar and redwood. It also features thermally modified timber cladding such as clear pine, frake and knotty pine.

In April 2017, Hueck UK added to its commercial offering with the launch of a new product set to revolutionise façade technology. Trigon GSP is a glass-sandwich system that allows architects to create complex office and store facades quickly and cost-efficiently. The system offers continuous glass lengths of up to 16 metres and can achieve U-values of up to 0.13 W/m2K in opaque areas.

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Global Cladding Systems Market   – Regional Analysis

The Asia-Pacific region dominated the global cladding systems market in 2016. It is also expected to be the fastest growing region for the cladding systems. Rising urbanized population, increase in industrialization, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growing industrialization and increased population, fuel the demand of residential houses. Moreover, the Chinese government issued several favourable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. Additionally, the rising demand for eco-friendly & sustainable construction and government support, fuel the demand of cladding systems market in the region.

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