DUBLIN--(BUSINESS WIRE)--The "Global Cladding Market: Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The rise in infrastructure and construction activities in both residential and non-residential spaces all over the globe are the main factors driving the growth of the cladding market.
Stringent government regulations, green buildings regulations, and codes such as LEED certifications are also propelling the investments in lightweight and energy-efficient market cladding systems in residential and non-residential buildings.
Demand for fire resistance, thermal resistance, water resistance, soundproof cladding systems are growing in the market. Innovative eco preferred cladding materials are preferred in the market as a consumer is becoming more environmentally concerned. The high cost of the cladding system and materials may restrain the growth of the market.
Customers in the market are opting for vertical gardens on their exterior walls to create a sustainable, yet attractive look. This is further leading to the development of artificial green walls with a natural look and reduces the need for watering and maintenance.
Key Market Trends
Concrete Materials for Cladding Have Dominated the Market, Fiber Cement Category to Grow the Fastest Over the Forecast Period
Concrete material is forecast to remain popular in the market accounting for a larger market share among the materials. Among which the fiber cement cladding is expected to grow fastest. Fiber cement material is a low cost, durable and is easy to maintain. Fiber cement cladding can also be installed in a region with extreme weather conditions. The cladding can be expanded and contracted due to its unique composition. The fiber attached to cement provides strength to the material, also prevents cracks on the surface. It is also seen as a replacement of concrete/cement as the later had a carcinogenic effect on human health.
Asia-Pacific Expected to Grow the Fastest, North America Dominates the Market
North America dominates the market because of its capital intensive industry and availability of skilled labor in the market. Demand in the North America region is driven primarily from housing market growth. However, the Asia-Pacific market is expected to grow fastest due to strong demand from developing economies such as China and India. The other factors driving the market are increasing construction in the region along with the availability of cheap raw material, labor, and sophisticated technologies in the market.
The market is competitive in nature with various regional players present in the market. Very few companies are present at the global level. Players are innovating new cladding materials in order to meet the different demands in the market. For instance, Saint-Gobain SA is innovating cladding material segment of flat glass and high-performance materials. The interior solutions comprise of insulation and gypsum products, whereas, the exterior solutions consist of pipes, industrial mortars, and exterior products. Companies are adopting acquisition and merging strategies to gain the market share.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 PESTLE Analysis
4.6 Porter's Five Forces Analysis
4.7 Insights on Trends in Construction and Cladding Market
4.8 Insights on Impact of COVID-19 on the Market
4.9 Insights on Government Regulations in the Market
4.10 Insights on Technological Disruptions in the Market
5 MARKET SEGMENTATION
5.1 By Material
5.1.3 Fiber Cement
5.2 By Component Type
5.2.3 Windows & Doors
5.3 By Application
5.4 By Geography
5.4.1 North America
5.4.4 South America
5.4.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Megers and Acquisitions
6.3 Company Profiles
6.3.2 Tata Steel Ltd.
6.3.3 Compagnie de Saint Gobain SA
6.3.4 Etex Group
6.3.5 Kingspan Group
6.3.6 James Hardie Industries PLC
6.3.7 Boral Limited
6.3.8 CSR Building Products
6.3.9 Nichiha Corporation,
6.3.10 Cembrit Holding A/S
7 FUTURE AND OPPORTUNITIES IN THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/nm95l2