The global rainscreen cladding market size was valued at USD 7.8 billion in 2016. Innovations in technology by diverse multinationals have paved the way for new high-performance durable cladding systems, enabling the creation of unique facades and panels. These improvised materials possess enhanced moisture management properties and are widely used by interior designers and contemporary architects.
Rainscreen cladding consists of five key components: exterior parts, ventilation, insulation, air barrier, and structure of the building. The key to a properly designed, sustainable rainscreen wall system is to develop it in a way that allows for control and management of various externalities such as water infiltration, ultra-violet radiation, negative wind pressure, heat transfer in and out of the building, air infiltration, and vapor transmission.
Protecting building exteriors is gaining importance in order to increase the lifespan of renovated buildings as well as newly constructed projects. This drives demand for attractive and functional construction materials across the globe. Apart from this, growing consumer awareness regarding energy-efficient buildings is projected to push sales of rainscreen cladding over the forecast period.
New and innovative wall systems constructed using high-tech materials have emerged with designers and product manufacturers continuously working to implement the open rainscreen principle. These systems offer immense opportunities and exciting solutions to architects, contractors, and developers who are not only interested in solving rain penetration issues, but are looking to improve overall wall performance.
Asia Pacific and Latin America are the fastest growing regions in terms of volume and are characterized by preferential lightweight and sustainable materials used in construction across the globe. The major application scope is in office and residential buildings.
Fiber cement materials can resist the growth of fungi, mold, and bacteria. These panels are gaining increasing importance as they require no special tools for installation and can be installed over any substrate. These factors are expected to positively influence fiber cement-based rainscreen products over the forecast period.
Characteristics such as excellent durability and strength are likely to drive the aluminum and polymer composites segments over the forecast period. These panels offer structural strength of steel along with lightness and flexibility when used with aluminum and polymers. They can be molded, bent, curved, and routed into definite complex shapes.
Metals are lightweight and easy to install. Metals such as aluminum, zinc, and steel are used for various applications. These panels offer advantages such as fire resistance, sound and thermal insulation, and aesthetic appeal. These panels are mostly used owing to their excellent tensile strength, superior flatness, rigidity, and stability under changing thermal conditions.
Terracotta panels offer continuous insulation outside the primary wall and enhance thermal performance of a building. These panels can be installed in any weather conditions, which can also reduce maintenance costs over the lifespan of the building. They have properties such as low water absorption, non-flammable, frost proof, and anti-graffiti. Terracotta panels are also available in a variety of shapes and colors.
Ceramic granites are unaffected by extreme climates and deter algae growth because of their zero porosity feature. These materials are also resistant to light and UV radiation and hence retain their colors for a longer duration. These factors are projected to fuel product demand in the rainscreen cladding market over the forecast period.
Rising office rents are anticipated to fuel construction of private offices and create lucrative opportunities for manufacturers. Refurbishment of old office structures is also expected to play a key role in the growth of this application in the foreseeable future.
Increasing expenditure on affordable housing schemes in developing economies of Latin America and Asia Pacific would drive the residential application segment, which is projected to expand at a CAGR of 6.8% over the forecast period.
Increase in over-cladding activities on existing buildings and stringent government regulations for developing green buildings are expected to drive demand for rainscreen cladding in the residential sector. Recovery from global recession owing to mortgage foreclosures particularly in North America is expected to drive demand for residential construction. U.S. has particularly witnessed signs of rebound, particularly in residential spending, over the past few years. Increasing employment rates in North America post-recession are likely to create ample growth opportunities for residential construction.
Increasing employment rate and existing companies expanding their regional presence are expected to boost the growth in offices. Rainscreen cladding offers acoustic and thermal insulation for office buildings. Increasing employment rate demands for more office space, which results in increasing infrastructure development activity. Increasing spending to develop old office buildings would propel adoption in offices.
Rainscreen cladding in schools and colleges provides thermal insulation and impact resistance and proves to be cost-effective in the long run owing to its low maintenance. Growing population in emerging economies of Asia Pacific and Latin America is anticipated to drive demand for educational facilities. Construction of healthcare facilities with state-of-the-art technologies and boom of medical tourism particularly in Asia Pacific is also expected to increase spending.
There has been a recent surge in spending on commissioning manufacturing units, particularly in Asia Pacific, and this is expected to drive demand for industrial applications in the non-residential segment. Government subsidies in the form of tax incentives for various industries such as automobiles, chemicals, and footwear are expected to drive demand in countries such as China, India, Vietnam, Indonesia, and Thailand.
Ongoing construction activities across North America, such as commencement of several massive shale gas exploration activities in the Gulf Coast region, and growth in new power plants are anticipated to fuel infrastructural growth and non-residential spending in the region. Furthermore, given the expected rate hikes by the Federal Reserve, increase in long-term interest rates is likely to remain gradual.
The construction industry in Asia Pacific is expected to expand at a significant rate, especially in developing economies such as India, China, Vietnam, and Indonesia. Increasing population in such countries, coupled with high demand for affordable housing and government schemes promoting energy efficiencies, will propel the market for rainscreen cladding.
Latin America displays mixed dynamics: while favorable external market conditions bring relative stability, Brazil suffers from the deepest economic contraction in several years. Governments in the region have implemented monetary policy normalization efforts to align domestic inflation. Simultaneously, ongoing structural reforms in Mexico and policy continuities in Peru are expected to impact construction and other sectors over the forecast period.
The MEA construction industry is likely to benefit from favorable polices implemented by governments in the region, increasing spending in various sectors such as healthcare, education, and infrastructure to diversify various economies and reduce reliance on oil activities across the region. Additionally, the Saudi Arabian government has introduced the White Land Tax initiative to address the country’s housing shortage, which is also expected to support industry growth.
There exists a high level of integration in companies such as MF Murray Companies and Rockwool International A/S as they are integrated across the entire value chain. These companies manufacture raw materials as well as rainscreen cladding systems. This enables companies to directly maintain customer relations, thus negating undesirable situations that are otherwise experienced through distributors or suppliers. Another major advantage these companies enjoy is substantial reduction in logistics costs as the supply chain is indigenous.
Raw material procurement and low installation cost are key aspects through which companies look to gain and improve efficiency. Key players such as Kingspan Insulation plc, Dow Building Solutions, and Lakesmere International Ltd. are involved in production and distribution.
Base year for estimation
Actual estimates/Historical data
2014 - 2015
2016 - 2024
Volume in Thousand square meters, Revenue in USD million and CAGR from 2016 to 2024
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
U.S., Canada, U.K., Germany, Italy, Austria, Poland, France, Russia, Spain, Belgium, Denmark, Turkey, Switzerland, India, China, Japan, South Korea, Indonesia, Singapore, Malaysia, Vietnam, Mexico, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Egypt, South Africa
Revenue forecast, company share, competitive landscape, growth factors and trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global rainscreen cladding market report on the basis of raw material, application, and region:
Raw Material Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2014 - 2024)
High Pressure Laminates
Application Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2014 - 2024)
Regional Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2014 - 2024)
Middle East & Africa
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