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Cladding Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Cladding is mainly a nonloadbearing layer or coating attached to the external part of a house to shed water and safeguard the home from the effects of varied weather. Cladding systems are important components in the artistic demand of the home and directly affect both property value and building cost. The main roles of cladding are to control the inflow of water vapors and the infiltration of weather elements, while providing a robust, artistically attractive appearance. It is also used to protect buildings’ fire resistance, sound, and thermal insulation, and provide the ability to maintain a clean surface in polluted and dusty environments.

Cladding systems include vertical or horizontal boards, smaller overlapping panels, or sheet materials such as tiles and shingles. In addition, these systems use diverse approaches to prevent rain and wind entering through the linkages. Cladding can be directly attached to the frame or to a middle coat of boards or parts to prevent condensation while permitting water vapor to escape.

The global cladding systems market is experiencing growth owing to factors such as rise in non-residential building and infrastructure activities, growing residential construction, and the high durability of cladding systems. Besides this, new construction and remodeling is anticipated to upsurge the demand for cladding systems during the forecast period. The evolution in the construction industry around the globe as well as government rules and regulations regarding zero-energy building codes are also major factors expected to impel the cladding systems market after the economic slowdown. However, high installation and raw material cost is the major factor that can hamper the global cladding systems market growth. In addition, the high repairing and maintenance cost is the major challenge for the cladding systems market. 

The major supportive trend for the global cladding systems market includes increased populations and development in emerging nations, growing demand for protective systems, rise in demand for fiber cement, and increased demand for sustainable cladding resources.  These factors are anticipated to open new opportunities for the cladding systems market’s growth in the coming years.

North America is anticipated to dominate the market during the forecast period due to the growing inclination of companies toward capital-intensive projects in this region, along with the availability of technical knowledge. However, Asia Pacific is also estimated to have a positive impact during the forecast period. The market for cladding systems in Asia Pacific is anticipated to develop significantly in the coming years due to the expanding economy and speedy growth in the infrastructure sector in this region. 

The global cladding systems market can be segmented on the basis of component, application, and material. By component, the cladding system market is categorized into roofs, walls, doors and windows, and others. The application-based segmentation includes residential, commercial, industrial, and others. Furthermore, on the basis of material, the cladding systems market segmented into metal, vinyl, fiber cement, brick and stone, stucco and EIFS, and others.

The metal cladding system is an important segment type and is expected to supplement the growth of the cladding systems market in the near term. This is primarily due to the long life and attractive appearance of metal cladding systems, which are more cost-effective than other cladding systems. It is also environment friendly and can be completely recycled. Metal cladding is primarily used in nonresidential constructions, specifically in the commercial and industrial sectors.

The major players in the global cladding systems market include Alcoa Inc., Tata Steel Limited, Etex Group, Compagnie de Saint Gobain SA, James Hardie Industries PLC, Boral Limited, CSR Limited, Axiall Corporation, Nichiha Corporation, and Cembrit Holding A/S.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.   


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