Rainscreen Cladding Market is expected to grow with 7% CAGR during the forecast period

“Rainscreen Cladding Market”
Global Rainscreen Cladding Market Information by Type (Cement, Composite, Metal, Laminates, Terracotta and Others), By End-Use (Residential, Commercial and Industrial) and By Region – Forecast To 2023

The Global Rainscreen Cladding Market is majorly driven by the increase in the adoption of eco-friendly buildings, owing to factors such as introduction of stringent government regulations and the increasing awareness of the environmental degradation. Factors such as urbanization and increasing standard of living are driving the construction of residential and non-residential buildings in developing nations, which is expected to drive the growth of the Rainscreen Cladding Market during the forecast period. However, the growth of Rainscreen Cladding Market is expected to be restrained by the high cost of installation and maintenance required for Rainscreen Cladding.

Geographically, the Rainscreen Cladding Market has been segmented as North America, Asia-Pacific, Europe and Rest of the world. Asia-Pacific region is expected to register high growth in the Global Rainscreen Cladding Market, owing to factors such as rapid urbanization and industrialization, which is leading to the increase in construction activities. The rise in the disposable income of the people in the region, is also leading to development of better infrastructure and increase in demand for high rise apartments in the rural areas with capabilities to protect the exterior of the building from rainwater. The Europe region is also expected to grow during the forecast period, owing to factors such as the introduction of favorable regulatory policies by the European commission for promoting the use of energy efficient construction materials and the presence of major Rainscreen Cladding manufacturers in the region.

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Market Highlights:
The Rainscreen Cladding Market is majorly driven by the increase in the investments in the construction of commercial buildings. The market is also driven by the growth in new construction and renovation activities. The Rainscreen Cladding Market is also being driven by the increase in demand for better moisture management properties along with the energy efficient solutions.   

Market Research Analysis:
Based on all types of products, the Rainscreen Cladding Market has been segmented as cement, composite, metal, laminates, terracotta and others.  The terracotta segment is expected to grow the highest during the forecast period, owing to its physical properties such as natural color, durability, sustainability and retention of moisture. The demand is also driven due to properties such as flame retardant properties and low water absorption.  The easy availability of Terracotta and favorable government regulations, are supporting the use of terracotta in Rainscreen Cladding Market. 

Based on applications, the Rainscreen Cladding Market has been segmented as residential, commercial and industrial. The commercial segment is expected to grow the fastest during the forecast period. The growth can be attributed to the rapid improvements in construction activities for commercial buildings and offices. The various factors leading to increased demand for office spaces are overall development of global economy and stable monetary situations, which are leading to an increased growth of Rainscreen Cladding Market for the commercial segment.

Scope of the Report:
This study provides an overview of the Global Rainscreen Cladding Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Rainscreen Cladding Market by its type, end-use and region.

By Type

  • Cement
  • Composite
  • Metal
  • Laminates
  • Terracotta
  • Others

 

By End-Use

  • Residential
  • Commercial
  • Industrial

 

By Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

 

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