The global rainscreen cladding market size was estimated to be worth USD 116.70 billion in 2018. It is anticipated to expand at a CAGR of 6.7% over the forecast period on account of technological innovations by industry players to produce high performance durable systems. Furthermore, rising demand in residential and commercial applications for improved aesthetics and weather resistance is likely to drive growth.
Market players seek for continuous R&D to create unique panels and facades, which can offer enhanced moisture barrier properties. The performance and price of these systems is dependent on panel type, insulation, and framework used for the structure. The products strictly need to follow the standards set by the governing bodies across various countries.
In U.S., composite material panels accounted for the largest market share in 2018, owing to their excellent strength, flexibility, and durability. Rise in natural calamities, including hurricanes and wildfires, hitting different parts of U.S., is expected boost the construction sector in the country, thereby positively influencing the growth of the market.
Increasing construction spending, particularly for non-residential applications such as office and commercial sectors, is expected to drive the adoption of rainscreen cladding. Rising consumer demand for aesthetically appealing houses, coupled with increase in single and multi-family construction units on account of growing population, is likely to drive industry growth.
The cladding structure is a popular choice for large multi-story buildings owing to their suitability for both new constructions as well as refurbishment projects. In case of old buildings, these structures enhance the enhanced appearance of the structure while improving the thermal efficiency. The systems come across as a low risk and effective solution for new buildings.
Vented systems, drained systems, and pressure-equalized systems are the key types of rainscreen cladding structures available in the industry. Modern open and ventilated structures are expected to offer diverse design opportunities to the builders as well as the architects over the forecast period.
Terracotta and composite materials together accounted for 56.6% of the rainscreen cladding market in 2018. Superior durability and low maintenance cost have resulted in high product demand. Growing demand for these products in office constructions is expected to drive the market.
Composite materials are gaining popularity in the construction industry owing to their flexibility that allows the panels to be molded into complex shapes. These materials are 100% recyclable and help enhance the aesthetic appeal of buildings with panels of different colors and sizes. As a result, they are likely to gain high demand for modern constructions over the projected period.
The metal cladding was valued at USD 17.27 billion in 2018, and the segment is likely to expand at a CAGR of 7.5% over the forecast period. Stainless steel and aluminum are widely used for framework owing to their high tensile strength, durability, corrosion resistance, superior flatness, rigidity and stability under changing thermal conditions, and low maintenance.
Fiber cement is manufactured using cement, cellulose fiber, pulverized limestone, and water. These panels are increasingly gaining acceptance as they can easily resist high-pressure winds and rainwater. Additionally, fiber cement offers fireproof properties making it one of the most suitable raw materials for panel manufacturing.
The office construction segment accounted for a major market share of 32.6% in terms of product demand in 2018. Rapid industrialization and expansion of companies are expected to drive the demand for new construction, which is likely to fuel the market for these structures for new office buildings and for the renovation of existing buildings.
The commercial construction segment includes hypermarkets, supermarkets, departmental stores, shopping malls, hospitals and clinics, restaurants and hotels, resorts, and other buildings. These are generally large buildings or cluster of buildings that require rainscreen cladding made from rigid and durable material for protection against extreme weather conditions.
The residential construction segment is classified into single-family houses, such as standalone homes and multi-family houses, including apartment buildings, clusters, and complexes. The segment was valued at USD 25.22 billion in 2018. The rainscreen cladding structure for these buildings requires fewer panels as the structures are small as compared to other segments.
Institutional construction sector includes healthcare premises, educational buildings, schools, city halls, libraries, and other public amenities. It is expected to expand at a CAGR of 6.5% over the forecast period. The systems are installed for energy efficiency, safety, and to improve the aesthetics of the buildings.
Europe was the largest market in 2018 and is expected to register a CAGR of 5.5%.over the forecast period. The regional market is expected to benefit from the recovery in residential and commercial applications. Furthermore, stringent regulatory guidelines for construction industry are expected drive product growth.
The demand in North America was valued at USD 31.94 billion in 2018. The developed manufacturing sector and government initiatives for infrastructure and commercial projects are expected to drive the regional market. Furthermore, rapid growth of single-family constructions in the region is expected to have a positive impact on the industry.
The product has low penetration in Asia as compared to developed regions, such as Europe and North America, owing to lack of consumer awareness and low spending capabilities of the users. However, rapid growth in per capita income coupled with high investments in modern construction practices is expected to boost the regional product demand over the projected period.
The government of Qatar aims to develop the highest number of green or carbon-neutral buildings across the Middle East and North Africa region by 2030. This move is in line with the country’s strategic plan to reduce carbon footprint and to achieve sustainable development. As a result, the regional demand for rainscreen structures is expected to grow over the projected period.
The market is highly competitive owing to the presence of numerous local and multinational players. Fluctuating raw material prices and strategies of new entrants are expected to be the key challenge for the existing players. They are investing in R&D and innovation to sustain in the competitive environment. Key players are focusing on mergers, acquisitions, and joint ventures to sustain the competition and to reduce the overall cost for the system. They offer structural designing and installation services to fulfill the demand for innovative designs.
Procurement of good quality raw material and low-cost installation services are some of the prime aspects through which manufacturers try to gain market shares. Key market participants including Dow Building Solutions, Kingspan Insulation, Rockwool International, and Lakesmere International Ltd. are engaged in production and distribution for rainscreen cladding components.
Base year for estimation
Actual estimates/Historical data
2014 - 2017
2019 - 2025
Volume in Thousand Sq. Meters, Revenue in USD Million and CAGR from 2019 to 2025
North America, Europe, Asia Pacific, Central & South America and Middle East & Africa
U.S., Canada, Germany, U.K., France, Russia, Spain, Italy, Austria, Poland, Belgium, Denmark, Turkey, Switzerland, China, Japan, India, South Korea, Malaysia, Thailand, Indonesia, Singapore, Vietnam, Brazil, Mexico, Argentina, Columbia, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Egypt, South Africa
Revenue forecast, company share, competitive landscape, and growth factors and trends
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This report forecasts revenue and volume 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 based on raw material, application, and region:
Raw Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2014 - 2025)
High Pressure Laminates
Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2014 - 2025)
Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2014 - 2025)
Central & South America
Middle East & Africa
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