The Cladding Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cladding Systems Global Market Report 2024, The cladding systems market size has grown strongly in recent years. It will grow from $256.99 billion in 2023 to $271.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to construction boom, urbanization, energy efficiency, weather protection, regulatory requirements, renovation and retrofitting.
The cladding systems market size is expected to see strong growth in the next few years. It will grow to $331.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to sustainable construction practices, smart building integration, population growth, cultural and regional preferences, affordable housing initiatives. Major trends in the forecast period include digitalization in construction, integration of smart cladding technologies, lightweight and high-strength materials, fire-resistant cladding solutions, modular cladding systems, dynamic and kinetic cladding designs.
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, and 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.
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The cladding systems market covered in this report is segmented –
1) By Material: Steel, Aluminum, Zinc, Copper, Plastic Panels
2) By Application: Walls, Roofs
3) By End User: Residential Buildings, Non-Residential Buildings
Top Major Players:
Mitsui & Co. Ltd.I
tochu Corporation
Marubeni Corporation
Toyota Tsusho Corporation
Compagnie de Saint-Gobain S.A
Asia-Pacific was the largest region in the cladding systems market in 2023.
Major companies operating in the cladding systems market are focused on gaining a competitive edge in the market. Aluminum cladding panels are a type of building material used to cover the exterior of a building, protecting it from the elements while enhancing its visual appeal. For instance, in June 2021, Sculptform, an Australia-based interior and exterior manufacturing products company, launched aluminum click-on battens for aluminum cladding panels. Click-on Battens is an aluminum cladding system that uses a click-on installation method. Click-on battens are a type of facade cladding system that is used to cover the exterior or interior of buildings. The battens are available in a range of sizes, shapes, and colors to suit different design requirements. Click-on battens are a popular choice for both residential and commercial buildings. They are used as a primary cladding system or as an accent feature on walls, ceilings, or soffits. The installation process involves fixing the clips to the substrate and then clicking the battens into place using a simple locking mechanism.
The cladding systems market report table of contents includes:
1. Executive Summary
2. Cladding Systems Market Characteristics
3. Cladding Systems Market Trends And Strategies
4. Cladding Systems Market – Macro Economic Scenario
5. Global Cladding Systems Market Size and Growth
….
32. Global Cladding Systems Market Competitive Benchmarking
33. Global Cladding Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cladding Systems Market
35. Cladding Systems Market Future Outlook and Potential Analysi
36. Appendix
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