According to a new market report published by Lucintel, the future of the rainscreen cladding market looks promising with opportunities in both non-residential and residential construction. The global rainscreen cladding market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are the high growth of the construction industry across the globe, remodeling & maintenance activities, its high durability, and ability to enhance the aesthetic appearance.
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Rainscreen cladding is the attachment of an outer skin of rear-ventilated cladding to a new or existing building. In this market, new construction and renovation are the major construction for which rainscreen cladding is used. Lucintel forecasts that new construction will remain the largest construction segment over the forecast period, as it is durable, flexible, waterproof, and includes an extruded polymer-based core layer which provides a better rigid property to the floor, easy installation, and smooth finished appearance after the installation.
Within this market, composite materials will remain the largest material segment over the forecast period because of their low cost and easy installation techniques.
Europe will remain the largest region over the forecast period due to the tremendous growth of the construction opportunities in the European countries and the increasing number of new housing units and huge investments in the infrastructural sector.
Kingspan Insulation, SIKA, Rockwool, Everest Industries, SFS, Sotech Architectural Façade, and Promat are among the major suppliers in the global rainscreen cladding market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global rainscreen cladding market by material, construction, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Rainscreen Cladding Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global rainscreen cladding market by material, construction, end use, and region as follows:
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Composite Materials
Metal
Fiber Cement
HPL (High Pressure Laminate)
By Construction [Value ($ Million) shipment analysis for 2014 – 2025]:
New Construction
Renovation
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Non-Residential
Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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