Rapid urbanization, growth in construction sector, and rise in spending on home remodeling and retrofitting activities drive the global rainscreen cladding market

PORTLAND, Ore., Aug. 12, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Rainscreen Cladding Market by Material (Composite Material, Metal, Fiber Cement, Ceramic, and Others), Application (Residential, Commercial, and Industrial), and Construction (New Construction and Renovation): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global rainscreen cladding market was pegged at $113.31 billion in 2020, and is estimated to reach $206.63 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030.

Key determinants of the market-

Rapid urbanization, growth in the construction sector, and rise in spending on home remodeling and retrofitting activities drive the global rainscreen cladding market. In addition, increase in adoption of IoT-enabled connected devices fuels the market growth even more. On the other hand, unreliability in harsh weather conditions and fluctuation in raw material prices hamper the market growth. Nevertheless, rise in construction of green buildings projected to unlock new opportunities for the market in the coming years.

Download Sample PDF (148 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/8224

Covid-19 scenario:

• The COVID 19 outbreak affected the growth of the global rainscreen cladding industry due to several lockdown measures.
• Suspended manufacturing and production and the disrupted supply chain management of rainscreen cladding panels further impacted the market. In addition, declined demand from industrial, residential, and commercial spaces impacted the sales negatively.
• Nevertheless, the government bodies all across the region are supporting the industry to recoup by relaxing regulations as well as initiating vaccinations drives.

Composite material segment to dominate the market throughout the forecast period-

Based on material, the composite material segment dominated the market with the largest share in 2020, holding more than two-fifths of the market. This is owing to the benefits associated with composite materials such as long durability, chemical resistance, corrosion resistance, design flexibility, and high performance at elevated temperatures. Conversely, the ceramic segment is expected to exhibit the highest CAGR of 6.9% during the forecast period. The fact that ceramic rainscreen cladding has higher absorption rate and a special coated layer with a glaze, which seals and protect it from rainwater, and avoid moisture control drives the growth of the segment.

Get detailed COVID-19 impact analysis on the Rainscreen Cladding Market:

https://www.alliedmarketresearch.com/request-for-customization/8224

Commercial segment lead the trail throughout the forecast period-

Based on application, the commercial segment held the highest market revenue in 2020, accounting for ore than two-thirds of the market. Increase in commercial construction activities is the major factor propels the growth of the segment. On the other hand, the residential segment is anticipated to cite the highest CAGR of 6.9% during the forecast period. The economic growth and high urbanization in developing countries augment the growth of the segment.

Europe to lead the trail, North America to grow at a significant pace-

Based on region, the global rainscreen cladding market across Europe accounted for the largest share in 2020, holding more than one-third of the market. However, the market across Asia-Pacific region is estimated to portray the highest CAGR of 6.8% from 2021 to 2030. This is due to urbanization and economic development in the emerging countries such as Japan, China, the U.S, and others. Moreover, the market across North America is expected to grow significantly.

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/ 8224

Key Market players-

• Rockwool International A/S
• Kingspan Group
• Sika AG
• SFS Group AG
• CGL Systems Ltd
• Trespa International B.V.
• Valcan
• Sotech Optima ALL
• The Clarison Group Ltd (Alucraft Ltd)
• Euro Panels Overseas N.V.

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have: 

Claddings Market - Global claddings market is expected to garner $262,381 million by 2022 growing at a CAGR of 6.7%.

Glass Curtain Wall Market - Global glass curtain wall market is anticipated to reach $85,727.4 million by 2026, growing at a CAGR of 9.1% during the forecast period.

Ceramic Tiles Market - Global ceramic tiles market is expected to reach $145,949 million by 2022, registering a CAGR of 8.1% from 2016 to 2022.

Asia-Pacific Aluminum Cladding Panels Market - The Asia-Pacific aluminum cladding panels market is projected to reach $3,925.2 million by 2028, registering a CAGR of 6.2% from 2021 to 2028.

Green Cement Market  - Global Green Cement Market is anticipated to reach at $36,481 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023.

Pre-Book Now with 10% Discount:

Aluminum Cladding Panels Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Hygienic Cladding Market - Global Opportunity Analysis and Industry Forecast, 2021–2030.

Cladding Systems Market - Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected] 
Web: https://www.alliedmarketresearch.com 
Follow us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg