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The global rainscreen cladding market size is projected to reach USD 17.17 billion by 2027 on account of rising demand for composite materials from the construction industry. This analysis is contained in the Fortune Business Insights™ report, titled “Rainscreen Cladding Market Size, Share & Industry Analysis, By Material (Composite Material, Metal, Terracotta, Fiber Cement, High Pressure Laminate, and Others), By End-Use (Commercial, Residential, Institutional, and Industrial), and Regional Forecast, 2020-2027”. The report states that the value of this market stood at USD 10.09 billion in 2019 and is expected to register a CAGR of 7.3% from 2020 to 2027.
The COVID-19 outbreak is expected to dampen the growth prospects of this market during the current year as the pandemic has hit construction activities around the world. Therefore, the market will exhibit moderate growth in 2020 and display a high CAGR from 2020 to 2027.s
Guttercrest Releases Dedicated Website for Its Cladding Solutions
A leading trend in this market is the way some companies are using virtual infrastructure such as the internet to establish brand presence among customers. One such company is the UK-based construction materials veteran, Guttercrest, who launched a new website devoted to its range of rainscreen cladding offerings in July 2019. Functioning under its Husk Architectural brand name, the website provides a comprehensive overview of the company’s cladding solutions, which include rainscreen façade systems, high pressure laminate panels, and aluminum composite materials, among others. The company aims at broadening its market reach through this user-friendly website, which current and prospective clients can surf and choose from the wide-range of cladding products.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/rainscreen-cladding-market-102809
Excellent Benefits of Rainscreen Claddings to Stoke Their Uptake
The rainscreen cladding market growth is premised on the numerous advantages that these materials have for buildings. For example, heavy-duty aluminum cladding can efficiently protect a building’s exterior and cavity ventilation can prevent moisture percolation and accumulation inside the walls. This, in turn, can lower maintenance costs and ensure a prolonged life of the structure. These materials can also improve thermal performance of a building by insulating the exterior wall of the building with a slab and cladding it with an additional screen, which also makes the building energy-efficient. Furthermore, not only are these layers easy to install, they are also easy to maintain as the individual panels are removable. Lastly, the most prominent benefit of claddings is the improved aesthetics of traditional brick-and-mortar structures, which is one of the primary reasons for their high demand.
Portfolio Widening Activities to be the Focus for Competitors
Core players are singularly focused on diversifying their portfolio of offerings to expand their footprint in this market. The most preferred strategy adopted by companies to accomplish this is increased investment in elevating research & development capabilities to bring out novel solutions. In addition to this, many players are collaborating with other companies to further enhance their production capacity, while some other competitors are focusing on broadening their global presence.
Industry Development:
List of Key Players Profiled in this Market Report:
Further Report Findings:
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD Million) and Volume (Thousand Square Meters) |
Segmentation | By Material
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By End-Use
| |
By Geography
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