Rainscreen cladding are applied to the outermost part of a building to protect its underlying structure from water, moisture, and various other environmental forces. Rainscreen cladding is either one or multi-layered, depending on the structure of the building. Nowadays, different forms of raw materials used for manufacturing rainscreen claddings are in trend; these raw materials include metal, composite materials, high-pressure laminates, and fiber cement, other raw materials used for rainscreen cladding includes terracotta, stone, and timber. Zinc- and aluminum-based composite materials are mostly used in the rainscreen cladding , owing to flexibility, lightness, and structural strength properties. The demand for rainscreen cladding in commercial construction is expected to increase the demand for external rainscreen cladding. Also, the increasing consumer awareness about efficient use of energy in houses and commercial buildings by reducing the amount of resources required for ventilation, heating, and air conditioning may drive rainscreen cladding market growth
MarketsandMarkets expects the rainscreen cladding market to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a CAGR of 7.1% from 2019 to 2024.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145960571
The market for rainscreen cladding market is segmented on the basis of construction type into new construction and renovation. The new construction segment dominated the market during the forecast period and it is projected to grow at the highest rate during the forecast period.
On the basis of the end-use sector, the non-residential segment is projected to be the largest segment, during the forecast period. Growth of residential segment in the rainscreen cladding market is primarily attributed to the housing renovation and maintenance. The residential construction spending is estimated to go up, particularly in the emerging Asia Pacific and Latin American regions; there is a trend of urbanization observed in these regions, resulting in a much higher growth rate for the residential construction market, than in developed markets.
The rainscreen cladding market is studied for five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The Europe region, which is seeing a rebound in its residential and non-residential construction sector, held the largest market share in 2018, in terms of value. However, the market for rainscreen cladding in Asia Pacific region is projected to grow at the highest CAGR from 2019 to 2024, in terms of value.
Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=145960571
The key players operating in the rainscreen cladding market are undertaking various strategic initiatives such as new product launch, acquisition, agreement, partnership, expansion, and merger, in order to establish a leading position for their product in the rainscreen cladding market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062