Rainscreen Cladding Market Analysis | 2022-2028

“The Rainscreen Cladding Market was estimated at USD 126.73 billion in 2021 and is expected to grow at a CAGR of 6.78% during 2022-2028 to reach USD 201.42 billion in 2028”.

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Market Dynamics

Introduction

Rainscreen Cladding is an outer skin or attachment to the new or existing building to keep out the rain and to provide thermal and acoustic insulation which gives a host of advantages such as energy saving, requires almost no maintenance, and improves the durability of the building.

Rainscreen Cladding comprises different material options such as composite materials, metal, fiber cement, high-pressure laminates, and others. It is used in different end-use sectors such as non-residential (offices, supermarkets, institutions, etc.) and residential.

Market Drivers

The market is expected to be driven by the following factors -

• Rising demand for enhanced moisture control properties and energy efficiency in the product.
• A shift in the trend of protecting exterior walls.
• Growing demand for the construction of non-residential buildings like offices and institutes, in both developed and developing nations.
• Rising remodeling and maintenance activities.

Segments Analysis

By Material Type

“The Composite Material segment dominated the market in 2021 and is projected to maintain its lead in the forecast period”.

The market is segmented as composite materials, metal, fiber cement, high-pressure laminates, and others. The Composite Material segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period owing to its low maintenance cost and higher durability.

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By Construction Type

“The New Construction segment is expected to remain dominant during the forecast period”.

The market is segmented as new construction and renovation. The New Construction segment is expected to remain dominant during the forecast period owing to no/minimal disruption required for installing rainscreen cladding during the construction process compared to renovation.

By End-Use Sector Type

“The Non-Residential segment leads the market”.

The market is segmented as non-residential and residential. The Non-Residential segment leads the market owing to rapid industrialization and diversification of companies. Further, the area that has to be rainscreen cladded in non-residential (corporate offices, supermarkets, institutions, etc.) is comparatively larger than the residential (row houses or flats).

Regional Analysis

“Europe leads the market, with Asia-Pacific anticipating the highest growth”.

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). 

Europe is estimated to lead the market during the forecast period owing to the huge spending capability of individuals, the enormous growth of the construction industry in the region, and the presence of many rainscreen cladding manufacturers in countries such as the UK, Germany, France, and Russia. Asia-Pacific is expected to witness the highest growth during the forecast period owing to rapid growth in per capita income and high investments in modern construction activities, which are expected to uplift the region’s product penetration during the forecast period.

Key Players

The following are the key players in the Rainscreen Cladding Market (arranged alphabetically)

• CGL Facades Co.
• Carea Ltd.
• Celotex Ltd.
• Kingspan Insulation plc
• M.F. Murray Companies, Inc.
• Rockwool International A/S

Note: The above list does not necessarily include all the top players in the market.

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Report Features

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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