The report on the Rainscreen Cladding Market is segmented by Material Type (Composite Materials, Metal, Fiber Cement, High-Pressure Laminates, and Others), by Construction Type (New Construction, Renovation), by End-Use Sector Type (Non-residential, Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The historic years considered for the study are 2017-2020, the base year is 2021, the estimated year is 2022, and the forecast period is 2022-2027.

Market Insights

Rainscreen Cladding Market is likely to witness an impressive CAGR of 7.0% during the forecast period. The growing demand for rainscreen cladding for protecting the exterior wall is owing to its thermal and acoustic insulation, safety, and aesthetic properties, which drives the rainscreen cladding market globally.

Key players

Some of the major players operating in the global Rainscreen Cladding Market are-

• Kingspan Insulation plc
• Carea Ltd.
• Rockwool International A/S
• M.F. Murray Companies, Inc.
• Celotex Ltd.
• CGL Facades Co.

Report Features

The report provides critical insights into the market dynamics that enable strategic decision-making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidating the growth decisions by covering the following features -

• Market structure - as it reflects the value chain of different commodities in the market.
• Drivers and Constraints - as both can affect any element of the marketing mix - product, budget, and place, etc.
• Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
• Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work toward enhancing the brand's strategy.
• Growth strategies - allowing a small business to survive unexpected changes, grow into a bigger entity, and gain a greater competitive advantage.

Segments' Analysis

By Material Type

Based on the material type, the market is segmented as composite materials, metal, fiber cement, high-pressure laminates, and others. The composite material segment held the largest share of the market in 2019 and is expected to remain dominant during the forecast period owing to its low maintenance cost and higher durability.

By Construction Type

Based on the construction type, the market is segmented as new construction and renovation. The new construction segment is expected to remain dominant during the forecast period owing to no/minimal disruption required for the installation of rainscreen cladding during the construction process compared to renovation.

By End-Use Sector Type

Based on the end-use sector type, the rainscreen cladding market is segmented as non-residential and residential. The non-residential segment leads the market owing to rapid industrialization and diversification of companies. Further, the area which has to be rainscreen cladding in non-residential (corporate offices, supermarkets, institutions, etc.) is comparatively larger than the residential (row houses or flats).

Regional Trends

In terms of regions, Europe is estimated to lead the rainscreen cladding market during the forecast period owing to the huge spending capability of individuals, the enormous growth of the construction industry in the region, and the presence of a large number of rainscreen cladding manufacturers in countries such as The UK, Germany, France, and Russia. Asia-Pacific is expected to witness the highest growth during the forecast period owing to rapid growth in per capita income and high investments in modern construction activities, which are expected to uplift the region’s product penetration during the forecast period.

Critical Questions Answered in the Report

• What are the key trends in the global Rainscreen Cladding Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global Rainscreen Cladding Market?
• What are the key strategies adopted by the major vendors to lead in the global Rainscreen Cladding Market?
• What is the market share of the top vendors?

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