Rainscreen Cladding Market Size, Share & Trends Analysis Report By Raw Material (Fiber Cement, Terracotta), By Application (Residential, Official), By Region (North America, EU, APAC), And Segment Forecasts, 2022 - 2030

Report Overview

The global rainscreen cladding market size was estimated at USD 126.99 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. The market is expected to be driven by increasing demand for enhanced moisture management properties and energy efficiency of the product. In addition, a shift in the trend toward protecting exterior walls and the growth in the construction of non-residential buildings, which include offices and institutions, in both developed and developing economies. The industry has experienced limited growth as a consequence of the economic recession caused by the COVID-19 crisis, which has resulted in low investor confidence and a decline in industrial activities.

As a result, the market has also experienced a catastrophic setback. The U.S. market is primarily driven by increasing construction activities in residential, commercial, official, institutional, and industrial constructions. The rapid development of infrastructures, increasing investments, and the need for expansion are expected to increase construction practices across the country; which is likely to drive the product demand. The market is expected to observe the moderate competition, as the rainscreen claddings need a variety of raw materials and an efficient workforce for production & installation. Industry players face challenges from new entrants for raw material supply and technology used for the process, thus, integrating throughout the chain to sustain in the highly competitive market.

Product quality is an essential element for rainscreen structures, as numerous applications need panels of different raw materials. Manufacturers are focusing on innovative techniques for producing claddings complying with industry standards. Building standards are also followed while designing the rainscreen structures for building applications. Industry players are focusing on structural framework designs for rainscreen claddings owing to the un-uniform shape of buildings. Requirements for thermal insulation and rainwater drain vent of buildings may hamper the framework design as other components are added to the rainscreen cladding structures. Ready-to-install frames and claddings are produced to save construction time.

Raw Material Insights

The terracotta raw material segment dominated the market in 2021 and accounted for the maximum share of more than 35.5% of the global revenue. These materials are widely used for manufacturing panels for rainscreen cladding structures owing to their high durability, low maintenance cost, and fire & weatherproof properties. These panels can be glazed or unglazed and are available in different colors, shapes, and sizes. Composite materials are gaining popularity in the construction industry owing to their flexibility that allows the claddings to be molded into complex shapes. Copper, zinc, and aluminum composite materials are 100% recyclable and help enhance the aesthetic appearance of buildings with panels of different colors and sizes.

Metals are used for the construction of panels and the framework that is attached to the building wall and supports the entire cladding structure. Stainless steel and aluminum are widely used for framework design owing to their high tensile strength, durability, corrosion resistance, superior flatness, rigidity & stability under changing thermal conditions, and low maintenance. The demand for fiber cement panels is expected to grow at a steady CAGR during the forecast period owing to its high durability, fire & weatherproof properties, low maintenance cost, and resistance to the growth of fungi, mold, and bacteria. These panels are commercially available in various colors and shapes, which helps improve the aesthetic appeal of the construction structure.

Application Insights

The official construction sector led the market in 2021 and accounted for the largest share of 33% of the global revenue. Rapid industrialization and expansion of companies are expected to drive the demand for new construction, which is likely to fuel the product demand in new office buildings and for the renovation of existing buildings. The commercial construction segment includes buildings for hypermarkets, supermarkets, departmental stores, shopping malls, hospitals & clinics, restaurants & hotels, resorts, and others. These are generally large buildings or clusters of buildings that require rainscreen cladding made from rigid and durable material for protection against extreme weather conditions.

The residential construction segment is classified into single-family houses (standalone homes) and multi-family houses (apartment buildings, clusters, and complexes). The rainscreen cladding structure for these buildings requires fewer components as the structures are small as compared to other segments. Rainscreen claddings in the institutional and industrial segments provide aesthetic appeal and thermal insulation to the construction including government buildings, factories, warehouses, and schools & other educational institutes. Construction of healthcare facilities and growing medical tourism, particularly in the Asia Pacific region, are expected to increase the product demand.

Regional Insights

The Europe region led the market in 2021 and accounted for the largest share of more than 30.5% of the global revenue. The region is expected to grow progressively owing to the significant product demand from the construction industry of developed economies. Ongoing residential and official constructions in the region accounted for the highest share in rainscreen cladding applications. The demand for rainscreen cladding in North America is expected to grow significantly in the projected period owing to increasing constructions for shale gas exploration activities, new power plants, social infrastructure & commercial projects.

In addition, private investments in the industrial sector are boosting the product demand. The market in the Asia Pacific is expected to witness significant growth over the forecast period owing to the expansion of the construction industry in the region. Rising per capita income, rapid urbanization, and growing population are expected to boost the demand for new construction projects, which is likely to drive the market growth in the region. The construction industry in Latin America is expected to witness substantial growth on account of the increasing infrastructure investments by foreign and domestic players in Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The market in Middle East & Africa is expected to register moderate growth in line with the growth of the construction industry in the region.

Key Companies & Market Share Insights

The market is highly competitive owing to the presence of numerous local and global players. Variations in raw material prices and strategies of new entrants are the challenges for existing players in the market. Continuous R&D and innovative techniques for the process are the factors to sustain in the competitive environment. Key players in the industry are focusing on mergers, acquisitions, and joint ventures to sustain the competition and reduce the overall cost of rainscreen cladding. Structural designing and installation services are offered by the players to fulfill the demand of the consumers that need innovative rainscreen cladding designs for buildings. Some prominent players in the global rainscreen cladding market are:

• Kingspan Insulation plc

• Carea Ltd.

• M.F. Murray Companies, Inc.

• Celotex Ltd.

• CGL Facades Co.

• Rockwool International A/S

• Eco Earth Solutions Pvt. Ltd.

• FunderMax

• Everest Industries Ltd.

• OmniMax International, Inc.

• Trespa International B.V.

• Middle East Insulation LLC

• Euro Panels Overseas N.V.

• Centria International

• Dow Building Solutions

Rainscreen Cladding Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global rainscreen cladding market report based on raw material, application, and region:

• Raw Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

  • Fiber Cement

  • Composite Material

  • Metal

  • High-pressure Laminates

  • Terracotta

  • Ceramic

  • Others

• Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

  • Residential

  • Commercial

  • Official

  • Institutional

  • Industrial

• Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Russia

    • Austria

    • Poland

    • Belgium

    • Denmark

    • Turkey

    • Switzerland

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Malaysia

    • Indonesia

    • Thailand

    • Singapore

    • Vietnam

  • Latin America

    • Brazil

    • Argentina

    • Mexico

    • Colombia

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Qatar

    • Kuwait

    • Bahrain

    • Oman

    • Egypt

    • South Africa