Cladding Coatings Market Size, Share & Industry Analysis, By Type ( Acrylic, Expoxy, Others ), By Application ( Residential, Commercial, Industrial ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104175 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Cladding Coatings refers to the protective coatings that are applied to the main frame of the building. Cladding Coatings are made of materials such as wood, concrete, stone, vinyl, composite materials, which may include aluminium, bamboo, cement mixtures and recycled polystyrene. The primary function of cladding is to shield the building from external weather factors.The wind puts pressure on the surface of the buildings, and the cladding coatings must have enough strength and durability to withstand it. Rain entering the building not only damages the structure and integrity of the building, but also harm internal walls structures. In addition, cladding coatings also serves as a noise insulation and safeguard against the spread of fire.

Rising cladding coatings demand from construction industry is boosting growth of the market. It improves the durability and artistic appeal and enhances the overall environment of a residential or commercial landscape. This factors are projected to increase demand for cladding coatings. Rapidly growing construction industry globally is expected to create potential opportunities for growth of the market in the near future. However, strict government regulations and quality standards in regards with the toxicity of some synthetic products has impacted the growth of the market.

Market Segmentation:

Based on type, the market for cladding coatings is segmented into acrylic, expoxy and other. Based on application, the market for cladding coatings is further segmented into residential, commercial and industrial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Market Driver -

Increasing application in construction sector is driving the market.

Key Market Restraint -

Stringent government regulations are key challenge to the market growth.

Key Players Covered:

The global cladding coatings market is fairly fragmented, with a number of global & local players operating. Some of the key players in the cladding coatings market are Tassullo, James Hardie Industries Plc., Nichiha Corporation, Boral Limited, Cembrit Holding A/S, Louisiana Pacific Corporation, Peintures Onip, Decopierre, Adesital, Caparol, Dryvit, Grupo Puma, Lages, Basf USA and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the cladding coatings market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

Asia-Pacific region dominated the cladding coatings market in terms of both consumption and output. It is due to rising infrastructural activities, with an increase in income rates contributing to an improvement in consumer demand for the material. Demand is also influenced by the bulk availability of raw materials and resources, along with advanced technologies and developments in the region. North America is expected to register strong growth in the global market. Cladding coating is widely used in the construction industry owing to its favorable resistance to corrosion and its longevity. Europe has a large market share after Asia Pacific and North America. Rising application in construction industry and government legislation on zero emission building regulations fuels the market growth for cladding solutions in Europe. Also, rapid adoption of green building concept has created a huge opportunity for market players to develop more effective cladding coating systems. Latin America, the Middle East and Africa are expected to grow slowly due to slower growth of commercial infrastructure.

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Segmentation

ATTRIBUTES	DETAILS
By Type	Acrylic Expoxy Others
By Application	Residential Commercial Industrial
By Geography	North America (USA, Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) Middle East & Africa (GCC and Rest of the Middle East & Africa)

Cladding coatings Industry Developments

In April 2018, James Hardie Industries Plc. acquired Fermacell GmbH, a European Construction Materials Business. With this acquisition, the company aimed to accelerate the growth of its cladding coating sector across Europe. Also, the company expanded its strategic regional presence and product portfolio to better serve its consumers.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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