The global Rainscreen Cladding Market is set to achieve a market valuation of approximately US$ 135.89 billion by the year 2022, propelled by a moderate Compound Annual Growth Rate (CAGR) of 7% over the period from 2022 to 2032. It is foreseen that the rainscreen cladding market size will attain an estimated value of around US$ 267.32 billion by the conclusion of 2032.
The demand for rainscreen cladding structures is expected to gain momentum due to the heightened emphasis on enhancing the visual appeal of both new and renovated buildings, coupled with the imperative for safeguarding against fire, precipitation, and air infiltration. The expansion of the rainscreen cladding market is further driven by the escalating requirement for enhanced moisture management and energy-efficient building solutions.
Furthermore, rainscreen cladding plays a pivotal role in mitigating thermal movement across walls and controlling the flow of hot and cold air. This dual effect aids in averting overheating during summer months and contributes to maintaining a consistently warm interior temperature throughout the winter season. Such benefits are contributing to the escalating demand for rainscreen cladding solutions.
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The rainscreen cladding market is anticipated to be driven by rising consumer demand for products with better moisture control capabilities and energy efficiency. In addition, both established and developing countries are seeing an increase in the development of non-residential structures like offices and institutions as well as a change in the trend toward safeguarding outside walls. The COVID-19 crisis-induced economic downturn has resulted in poor investor confidence and a fall in industrial operations, which has hindered the rainscreen cladding industry’s ability to grow.
The demand for rainscreen cladding is increasing as a result of changing consumer trends toward the protection of outside walls in residential, commercial, and non-residential structures, including workplaces and institutions.
The inability of rainscreen cladding solutions to handle air pressure gradients is a significant flaw in their design. The surface of a cladding wall would be exposed to strong wind forces if the exterior of the wall is not airtight. Airflow and moisture are confined to wall cavity chambers, which is generated between these furring strips, and are the principal drawbacks of a normal end-use industry for rainscreen cladding. The air does not cross between the compartments. This is restraining the rainscreen cladding market growth.
Key Takeaways from Market Study
In 2021, the terracotta raw material market held the largest rainscreen cladding market share, accounting for more than 35.5 percent of worldwide revenue.
In 2021, the rainscreen cladding market was headed by the official construction industry, which brought in 33 percent of the total income.
In 2021, the market was headed by the Europe region, which generated more than 30.5 percent of worldwide revenue.
Due to an increase in the construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities, the demand for rainscreen cladding in North America is anticipated to increase significantly during the forecast period.
Competitive Landscape
The rainscreen cladding market is quite competitive because there are so many regional and international companies. The obstacles for the market’s incumbent players are changes in the pricing of raw materials and the strategy of new competitors. The keys to surviving in a competitive climate are ongoing R&D and cutting-edge process practises.
In order to maintain competitiveness and bring down the price of rainscreen cladding overall, major competitors in the rainscreen cladding market are concentrating on mergers, acquisitions, and joint ventures. Players provide structural planning and installation services to meet consumer demand for cutting-edge rainscreen cladding solutions for structures.
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Recent Developments in Rainscreen Cladding Market
In response to demand from architects and specifiers looking for distinctive façade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, announced its debut into the U.S. rainscreen cladding market in April 2021. This next expansion for the business, which has a history of providing rainscreen cladding for some of the most well-known construction projects in the UK, was motivated by significant investment in its production capabilities and demand for unusual façade designs.
For up to US$ 87.77 million in December 2021, Brickability Group acquired Taylor Maxwell Group, one of the UK’s top suppliers of wood and façade solutions to the building industry. By bringing timber and cladding to the Group through the acquisition of Taylor Maxwell, Brickability will be able to provide a wider choice of products, and its competitive advantage in certain markets will allow for possible organic growth in the future.
Rainscreen Cladding Market by Segmentation
By Raw Material:
Fiber Cement
Composite Material
Metal
High-pressure Laminates
Terracotta
Ceramic
Others
By Application:
Residential
Commercial
Official
Institutional
Industrial
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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