U.S. Rainscreen Cladding Market Size, Share & Trends Analysis Report By Raw Material (Composite Material, Terracotta), By Application (Residential, Commercial, Office), And Segment Forecasts, 2023 - 2030

Report Overview

The U.S. rainscreen cladding market size was estimated at 31,715.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The product demand is expected to witness significant growth over the projected period on account of the growing residential and non-residential construction industries in the U.S. Additionally, the increasing investment in the development of commercial infrastructure is anticipated to positively impact the industry growth. The rainscreen cladding infrastructure stays on the exterior of the walls, making the building weather resistant. This placement of rainscreen cladding structure, creates an air cavity in between, thereby protecting the outermost decorative or safety barriers of any building structure. It allows moisture that may sometimes penetrate through the external cladding to drain away easily from the building and accelerate the evaporation of any residual moisture with the help of air flowing between the wall and the cladding. The aforementioned characteristics are expected to propel the U.S. rainscreen cladding market growth over the projected period.

Rising demand for environment-friendly infrastructure owing to the increasing stringent regulations on the construction industry coupled with rising awareness regarding environmental deterioration is expected to positively impact the demand over the forecast period. Rainscreen cladding systems are widely used in the construction industry for various end-use applications such as rainwater & adverse weather protection, improved external appearance, and acoustic performance. Their increasing application scope in areas such as institutions, hospitals, stadiums, malls, and offices is also anticipated to fuel the market growth over the forecast period.

The U.S. rainscreen cladding market is highly competitive with the presence of a large number of players. Raw material suppliers, component manufacturers, rainscreen cladding assemblers, and installers are different entities of the rainscreen cladding market. Technological developments, easy availability of materials, and hassle-free installation processes are resulting in remarkable competition among the players.

The market is characterized by contracts between suppliers, manufacturers, installers, and end-users. Raw material suppliers and component manufacturers enter into long-term agreements. On the other hand, installers and end-users prefer short-term contracts for the installation and maintenance of structures. Rainscreen claddings are customized as per the building structure in terms of size and shape; hence, the pricing of the structure varies depending on the application area.

Raw Materials Insights

Terracotta led the U.S. rainscreen cladding market and accounted for revenue of USD 11,397.2 million in 2022 owing to their UV resistance, weatherproof & fireproof properties, and easy installation. Claddings made with terracotta material are used to create panel designs in combination with other materials such as glass, stone surfaces, and paint. Terracotta cladding can provide the similar look of exposed bricks with a smooth finish. These panels can be glazed or unglazed and are available in different colors, shapes, and sizes.

Metal is expected to witness the fastest CAGR of 7.7% from 2023 to 2030. Metals are used for manufacturing exterior panels or facades for rainscreen cladding structures. Zinc, copper, stainless steel, and aluminum are the major raw materials used for manufacturing panels. The demand for metallic panels is witnessing an increase owing to their high tensile strength, durability, corrosion resistance, superior flatness, rigidity & stability under changing thermal conditions, and low maintenance.

The demand for fiber cement-based rainscreen cladding is likely to witness high growth on account of its cost-effectiveness, high durability, and low maintenance cost. Fiber cement is manufactured using cement, cellulose fiber, pulverized limestone, and water. These panels are gaining increasing acceptance in the rainscreen cladding market as they are weatherproof and can easily resist high-pressure winds and rainwater. Therefore, fiber cement raw material demand is expected to further increase in the U.S.

Composite materials had a revenue of USD 7,256.5 million in 2022 as they are employed on a large scale for manufacturing rainscreen cladding panels. The demand for composite materials-based rainscreen cladding is likely to witness a high growth on account of the high durability, low maintenance cost, and weatherproof & fireproof properties of these materials. Composite materials are manufactured by combining two materials of different properties; when combined, the resultant product has significantly different physical and chemical properties. Growing demand for these products in panel manufacturing is expected to further bolster its market growth in the future.

Application Insights

The office application segment accounted for the largest share in terms of revenue in 2022. The growing demand for the renovation of office buildings and new construction is expected to positively impact the industry’s growth. Increasing investments in working spaces to improve their aesthetic appeal, provide safety against harsh weather conditions, and increase energy efficiencies are expected to propel the demand for rainscreen cladding over the projected period.

In the U.S. rainscreen cladding demand in residential application is expected to reach USD 12,183.5 million by 2030, growing at a CAGR of over 7% during the projected period. Single-family constructions accounted for the highest share in the overall residential constructions and is likely to grow at a faster rate in comparison to multi-family constructions over the projected period. Rising consumer demand for individual houses and the high spending capacities of consumers are expected to be the key factors behind this trend.

The institutional construction sector includes healthcare premises, educational buildings, schools, city halls, libraries, and other public amenities. Rainscreen cladding systems are installed in these constructions to provide safety, and energy efficiency, and improve the overall aesthetics of the building. Institutional constructions require large and durable rainscreen claddings owing to the large building size. Fire safety measures are taken into consideration while designing the rainscreen claddings for educational buildings.

The commercial emerged as the second largest application segment for the industry and it is likely to be USD 7,532.2 million in terms of revenue for 2022. Increasing demand for packaged and readily available food products coupled with high consumer spending on daily activities is expected to have a positive impact on the industry’s growth over the projected period. Furthermore, rising investments by both public and private contractors to build aesthetically appealing buildings are expected to propel industry growth over the forecast period.

Key Companies & Market Share Insights

A high degree of integration is observed between the prominent players to achieve optimum business growth in the market. Contracts, agreements, mergers & acquisitions, and joint ventures are undertaken to extend the business portfolio and reduce the overall cost of the product. To sustain in the competitive market, many companies are adhering to the standards set by regulatory bodies and governments for manufacturing rainscreen cladding components.

The key market participants are focusing on technological developments for improving the quality of raw materials, components, and installation processes; thus, creating strong competition for new entrants. Additionally, the players are fulfilling the demand for energy-efficient cladding systems and hence their market penetration is higher. Some prominent players in the U.S. rainscreen cladding market include:

• Kingspan Insulation plc

• Carea Ltd.

• Cladding Corp

• Celotex Ltd.

• CGL Facades Co

• Rockwool International A/S

• Eco Earth Solutions Pvt. Ltd.

• FunderMax

• Everest Industries Limited

• OmniMax International, Inc.

• Trespa International B.V.

• Middle East Insulation LLC

• Euro Panels Overseas N.V.

• Centria International

• Dow Building Solutions

• TERREAL Group

• NVELOPE Rainscreen systems ltd

• Avenere Cladding LLC

U.S. Rainscreen Cladding Market Report Scope

U.S. Rainscreen Cladding Market Segmentation

This report forecasts volume and revenue growth at a country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. rainscreen claddingmarket report based on raw material and application:

• Raw Material Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2018 - 2030)

  • Fiber Cement

  • Composite Material

  • Metal

  • High Pressure Laminates

  • Terracotta

  • Ceramics

  • Others

• Application Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial

  • Office

  • Institutional

  • Industrial