The global rainscreen cladding market is expected to reach USD 14.05 billion by 2024, according to a new study by Grand View Research, Inc. Growing demand for lightweight insulation materials, owing to expanding residential & nonresidential construction activities in emerging economies, is likely to spur industry growth.
Increasing awareness regarding resource & energy savings, on account of the global energy crisis & threateningly high pollution levels, has also boosted innovations within this industry. This, in turn, has led to soaring demand for rainscreen materials that control and manage various externalities such as water & air infiltration, ultra-violet radiation, negative wind pressure, heat transfer within buildings, and vapor transmission.
Terracotta was one of the principal raw materials used owing to its long lasting natural color, durability, sustainability and reputation for moisture resistance in various construction applications. The segment accounted for over 32% of the global revenue in 2015.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/rainscreen-cladding-market
Further key findings from the report suggest:
·
Global rainscreen cladding market demand was
231,800.1 thousand sq. meters in 2015 and is expected to reach 406,632.2
thousand sq. meters by 2024, growing at a CAGR of 6.5% from 2016 to 2024
·
Rising employment rates in emerging economies,
coupled with the expansion of multinational companies into hitherto untapped
industries is expected to drive rainscreen cladding demand for office
construction. The segment is anticipated to occupy around 30% of overall volume
by 2024.
·
Europe was the largest region and was valued at
over USD 2,700 million in 2015. Favorable regulatory policies, presence of
major rainscreen cladding manufacturers and climatic conditions have been key
drivers for the region’s growth over the past.
·
The UK is a major market for cladding systems in
Europe and is characterized by its application in office buildings and
households. Composite material and terracotta collectively accounted for over
40% of the revenue in 2015.
·
China accounted for nearly 50% of the Asia
Pacific rainscreen cladding demand in 2015. China’s construction industry is
rapidly expanding as a result of investments into new integrated townships.
This factor is a key determinant for terracotta, HPL, and fiber cement cladding
systems growth.
·
Key market players include Kingspan Insulation
PLC, Carea Ltd., MF Murray Companies, Celotex Ltd., CGL Facades Ltd., Rockwool
International A/S, Eco Earth Solutions India, FunderMax, Everest In
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the rainscreen cladding market on the basis of raw material, application and region:
Global Rainscreen Cladding Raw Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million; 2014 - 2024)
·
Fiber Cement
·
Composite Materials
·
Metal
·
High Pressure Laminates
·
Terracotta
·
Ceramic
·
Others
Global Rainscreen Cladding Application Outlook (Volume, Thousand Sq.
Meters; Revenue, USD Million; 2014 - 2024)
·
Residential
·
Commercial
·
Offices
·
Institutional
·
Industrial
Global Rainscreen Cladding Regional Outlook (Volume, Thousand Sq.
Meters; Revenue, USD Million; 2014 - 2024)
·
North America
·
U.S
·
Canada
·
Europe
·
UK
·
Germany
·
Italy
·
Austria
·
Poland
·
France
·
Russia
·
Spain
·
Belgium
·
Denmark
·
Turkey
·
Switzerland
·
Rest of Europe (RoE)
·
Asia Pacific
·
China
·
India
·
Japan
·
South Korea
·
Indonesia
·
Singapore
·
Malaysia
·
Vietnam
·
Rest of Asia Pacific (RoAPAC)
·
Latin America
·
Mexico
·
Brazil
·
Argentina
·
Colombia
·
Rest of Latin America (RoLA)
·
Middle East and Africa
·
Saudi Arabia
·
UAE
·
Qatar
·
Kuwait
·
Bahrain
·
Oman
·
Egypt
·
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-rainscreen-cladding-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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