The Cladding Systems Global Market Report 2023 by The Business Research Company, provides cladding systems market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Cladding Systems Global Market Report 2023, the market size is expected to grow from$245.07 billion in 2022 to $243.83 billion in 2023 at a compound annual growth rate (CAGR) of -0.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cladding systems is expected to grow to $310.87 billion in 2027 at a CAGR of 6.3%
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
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The cladding systems market is segmented:
1) By Material: Steel, Aluminium, Zinc, Copper, Plastic Panels
2) By Application: Walls, Roofs
3) By End User: Residential Buildings, Non-Residential Buildings
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, aluminium, 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 unrivalled beauty and warmth of the wood combined with the durability of high-performance and low-maintenance materials
Top 5 Major Key Players Are:
Arconic Corporation
Boral Limited
CSR Limited
Etex Group
Nichiha Corporation.
Table Of Contents
1. Executive Summary
2. Cladding Systems Market Characteristics
3. Cladding Systems Market Trends And Strategies
4. Cladding Systems Market – Macro Economic Scenario
5. Cladding Systems Market Size And Growth
……
26. Africa Cladding Systems Market
27. Cladding Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cladding Systems Market
29. Cladding Systems Market Future Outlook and Potential Analysis
30. Appendix
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