Product ID: SQMIG15A2246
Global Rainscreen Cladding Market Size, Share, Growth Analysis, By Raw Materials(Fiber Cement, Composite Material), By Application(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2246 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
68 |
Figures:
77
Global Rainscreen Cladding Market Insights
Global Rainscreen Cladding Market size was valued at USD 134.88 Billion in 2022 and is poised to grow from USD 144.46 Billion in 2023 to USD 250.06 Billion by 2031, at a CAGR of 7.10% during the forecast period (2024-2031).
Rainscreen cladding has many uses in the global commercial, industrial, and residential sectors because it is strong, light, moisture-proof, and simple to install. The rainscreen cladding shields a building's outer wall from rain and prevents it from entering the interior of the structure. The rapid urbanisation and rising population, which are expected to result in a large number of new construction projects, the rise in non-residential construction, and the high durability of rainscreen cladding systems are the main factors anticipated to propel the growth of the rainscreen cladding market during the forecast period. However, a number of additional factors are predicted to restrain the growth of the rainscreen cladding market over the forecast period, including the rise in raw material and installation costs. In addition, the surge in demand for security systems, improving a building's aesthetic appeal, rising populations, and urbanisation in developed nations will all offer additional opportunities. Additionally, as the demand for sustainable cladding materials and for fibre cement in rainscreen cladding systems rise, the market for this type of cladding will have more favourable growth prospects in the years to come. The future expansion of the market for rainscreen cladding, however, may be further hampered by an increase in repair costs.
Global Rainscreen Cladding Market Report Snapshots
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