Cladding Systems Global Market Report 2022

Cladding Systems Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6285576 •
  • Format: PDF
Major players in the cladding systems market are Arconic Corporation, Boral Limited, CSR Limited, Etex Group, Nichiha Corporation, Tata Steel Limited, Compagnie de Saint-Gobain S.A., Dupont, Hindalco Industries Limited, Glen- Gery Corporation, Glittek Granites, Kajaria Ceramics Limited, FunderMax, Greenalam Industrries Limited, and Cold Steel Corporation.

The global cladding systems market is expected to grow from $240.67 billion in 2021 to $251.76 billion in 2022 at a compound annual growth rate (CAGR) of 4.61%. The market is expected to grow to $329.00 billion in 2026 at a CAGR of 6.92%.

The cladding systems market consists of sales of cladding systems and related services by entities (organizations, partnerships, and sole proprietors) that are used for constructing buildings.Cladding is a process where the exterior of a building is covered with panels of a different material.

Cladding is primarily adapted in construction for its function like protecting the exterior and the frame of the building. Indirectly, cladding systems protect the interior of architectural construction.

The materials used in cladding systems are steel, aluminum, zinc, copper, and plastic panels.Steel cladding systems are used to cover an exterior of a building with panels of different materials.

The steel cladding system protects the appearance and thermal insulation of a building.The main applications of cladding systems include walls and roofs.

Cladding systems are mainly used in residential and non-residential buildings.

Asia Pacific was the largest region in the cladding systems market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growth in the construction of new residential and commercial buildings is directly driving the growth of the cladding systems market.The rise in high-end apartments, houses, and skyscrapers in developing countries is driving the growth of various materials used for constructing the building.

To provide thermal insulation, weather resistance, and to improve the appearance of buildings many builders are using cladding systems. According to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. Major countries contributing to this growth are China, India and the USA. This rise in the construction market is expected to drive the cladding systems market going forward.

The eco preferred cladding materials are a key trend gaining popularity in the cladding systems market.Companies in the cladding systems market are focusing on developing eco preferred cladding materials to expand the market share.

Eco preferred cladding systems are increasingly being used as consumers are becoming more environmentally concerned.Timber cladding is one of the eco preferred cladding materials.

The timber cladding is an effective sound and heat insulator and retains heat better than alternative common building materials such as concrete, aluminum, and steel.The heat insulator in timber cladding is key in ensuring a building is energy efficient.

The timber cladding is a truly renewable organic resource and does not create any waste. For instance, in 2021 the company Fiberon launched Wildwood composite cladding, which provides the unrivaled beauty and warmth of the wood combined with the durability of high-performance and low-maintenance materials.

In May 2019, SIKA, a Switzerland-based specialty chemicals company offering panel cladding materials, acquired Parex for an undisclosed amount.This deal will expand SIKA’s product portfolio to cater to the building finishing market.

Parex is a USA-based company offering cladding solutions.

The countries covered in the Cladding Systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.