MarkNtel Advisors analyses the growth rate of the Cladding Systems market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Cladding Systems market, helping them make informed decisions.
Market Outlook – 2024-2030:
The Global Cladding Systems Market size was valued at around USD 269.5 billion in 2023 and is projected to reach around USD 358.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.5% during the forecast period, i.e., 2024-30. The surge of construction projects in developing nations is fueling the need for housing, commercial structures, and infrastructure improvements. With expanding cities and modernized infrastructure developments underway, cladding systems are necessary to elevate buildings’ aesthetic appeal while improving their functionality and ensuring sustainable models. According to the IOP Science Organization, the construction industry is responsible for 39% of global carbon emissions. The cladding solutions help mitigate this as their long-term energy savings capability makes them economically attractive.
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Key Company Profiles
This report explores recent significant developments in the Cladding Systems Market, focusing on the leading companies and their innovative profiles. The major players in the Cladding Systems Market, featured in this report, include:
- Arconic Corp.
- Tata Steel Ltd.
- Compagnie de Saint Gobain SA
- Etex Group
- Kingspan Group
- James Hardie Industries PLC
- Boral Limited
- CSR Group (Cemintel)
- Nichiha Corporation
- CSS FACADES Ltd. (Cembrit HD)
- DuPont (CORIAN)
- Dumaplast
- Carea Facade
- Westlake Corporation
- Swisspearl Group
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Cladding Systems Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Material
- Ceramics- Market Size & Forecast 2019-2030, Million Sq. Meter
- Wood- Market Size & Forecast 2019-2030, Million Sq. Meter
- Stucco & EIFS- Market Size & Forecast 2019-2030, Million Sq. Meter
- Concrete- Market Size & Forecast 2019-2030, Million Sq. Meter
- Metal- Market Size & Forecast 2019-2030, Million Sq. Meter
- Vinyl- Market Size & Forecast 2019-2030, Million Sq. Meter
- Others (Terracotta, Fiber Cement, etc.)- Market Size & Forecast 2019-2030, Million Sq. Meter
- By Type
- Walls Cladding- Market Size & Forecast 2019-2030, Million Sq. Meter
- Roofs Cladding- Market Size & Forecast 2019-2030, Million Sq. Meter
- Windows Cladding- Market Size & Forecast 2019-2030, Million Sq. Meter
- Others (Doors Cladding, etc.)- Market Size & Forecast 2019-2030, Million Sq. Meter
Walls Cladding segment holds the major market share due to the rapid growth in the construction industry.
- By Application
- Residential- Market Size & Forecast 2019-2030, Million Sq. Meter
- Non-Residential- Market Size & Forecast 2019-2030, Million Sq. Meter
- Industrial- Market Size & Forecast 2019-2030, Million Sq. Meter
- Commercial- Market Size & Forecast 2019-2030, Million Sq. Meter
- Offices- Market Size & Forecast 2019-2030, Million Sq. Meter
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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What are the primary factors driving the growth of the Global Cladding Systems Market?
Surging Demand for Protective & Aesthetic Solutions for Architectural Buildings – The increasing demand for protective and aesthetical cladding systems is a significant driver for the market. Cladding systems serve both protective and aesthetic purposes. They shield buildings from environmental factors such as UV radiation, temperature fluctuations, etc. while also improving their visual appeal. Over the historical years, the dual functioning cladding has been highly valued in modern architecture and construction.
Architects and designers have been using cladding systems to create diverse visual effects. One such example is The Walt Disney Concert Hall in Los Angeles, which was designed by Frank Gehry and featured striking stainless steel cladding that has become an iconic part of the city’s skyline. According to the Council of Tall Buildings and Urban Habitat (CTBUH), a higher number of buildings are being constructed in cities such as Shanghai, Shenzhen, Hong Kong, Dubai, Riyadh, Mumbai, London, etc. The architectural and engineering designs have widely implemented exterior cladding systems in buildings, thus driving market growth globally.
In addition, cladding systems offer an effective way to renovate and modernize existing buildings, contributing to urban renewal projects. The renovation of the Tour Montparnasse in Paris includes a new glass cladding system that changed the tower’s appearance and improved its energy performance. Moreover, for commercial buildings, cladding is to express corporate identity and create distinctive landmarks. Furthermore, the shift towards off-site construction and modular building techniques has increased the demand for prefabricated cladding systems.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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