Global Rainscreen Cladding Market Size, Share And Growth Analysis For 2024-2033

The Business Research Company’s Rainscreen Cladding Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033

LONDON, GREATER LONDON, UK, September 11, 2024 /EINPresswire.com/ -- The global rainscreen cladding market has experienced significant growth in recent years, expanding from $14.36 billion in 2023 to $15.45 billion in 2024, at a compound annual growth rate (CAGR) of 7.6%. This growth can be attributed to the booming construction and architectural sectors, increasing demand for energy-efficient building solutions, and the expansion of sustainable and green construction practices. It will grow to $21.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. Additionally, regulatory standards for building safety and the growing adoption of rainscreen systems for moisture protection have further fueled market expansion.

Rainscreen Cladding Market to Grow as Residential and Non-Residential Construction Increases
The increase in residential and non-residential construction is expected to drive the growth of the rainscreen cladding market in the coming years. Rainscreen cladding, known for its durability and aesthetic enhancement of buildings, also offers protection against excessive heat. For instance, according to the U.S. Census Bureau, construction spending rose from $1,618.8 billion in October 2021 to $1,625.9 billion in November 2021, highlighting the ongoing construction boom. As a result, the demand for rainscreen cladding in both residential and non-residential construction projects is on the rise.

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Key Players and Market Trends
Major companies in the rainscreen cladding market include Kingspan Group, SIKA AG, ROCKWOOL International A/S, Everest Industries Limited, and SFS Holding AG. These companies are at the forefront of innovation, developing new products to maintain a competitive edge. For example, in October 2021, Fiberon, a UK-based manufacturer of composite and PVC decking, railing, and fencing products, introduced a new composite cladding for rainscreen applications. This product combines the beauty and warmth of wood with the durability of low-maintenance, high-performance composite materials.

Segments:
• Material: Metal, Fiber Cement, Composite Materials, Other Materials
• Construction: New Construction, Renovation
• End-User: Non-Residential, Residential

Geographical Insights: Europe Leading the Market
Europe was the largest region in the rainscreen cladding market in 2023, driven by a strong construction sector and stringent building regulations that promote the use of rainscreen systems. The region's focus on sustainable construction and energy-efficient buildings also contributes to its leadership in the market.

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Rainscreen Cladding Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Rainscreen Cladding Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on rainscreen cladding market size, rainscreen cladding market drivers and trends, rainscreen cladding market major players, rainscreen cladding competitors' revenues, rainscreen cladding market positioning, and rainscreen cladding market growth across geographies. The rainscreen cladding market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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