The report "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Type, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028", is projected to grow from USD 268.4 billion in 2023 to USD 347.7 billion by 2028, at a CAGR of 5.2% from 2023 to 2028.
Browse 144 market data Tables and 35 Figures spread through 170 Pages and in-depth TOC on "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Type, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cladding-system-market-148899031.html
In many urban areas, there is a need for redeveloping existing buildings to meet modern standards and improve energy efficiency. Cladding systems offer a practical solution for retrofitting projects, allowing the transformation of old structures into visually appealing, well-insulated, and sustainable buildings. The increasing focus on urban renewal and retrofitting initiatives contributes to the growth of the cladding systems market.
By material, Stucco & EIFS account for the fastest growing material during the forecast period
EIFS, in particular, is known for its excellent thermal insulation capabilities. By incorporating insulation materials within the system, EIFS can enhance the energy efficiency of buildings, reducing heat transfer and improving overall thermal performance. This can lead to energy savings and improved indoor comfort, making EIFS an attractive choice for projects aiming for energy efficiency certifications or compliance with stricter building codes. Stucco and EIFS systems are highly durable, with the ability to withstand various weather conditions, including heat, cold, and moisture. When properly installed and maintained, they can offer long-term protection to the underlying structure. Additionally, these materials typically require minimal maintenance, which is a desirable characteristic for building owners and managers.
The walls is expected to experience significant growth at a rapid rate during the forecast period
While roofs are also an important part of the cladding system market, the faster growth of wall cladding can be attributed to factors such as aesthetic considerations, energy efficiency requirements, building envelope protection, retrofitting projects, and technological advancements. These factors collectively contribute to the increasing demand for wall cladding solutions in the construction industry.
Europe to be the second-largest market during the forecast period.
Europe has stringent building regulations and energy efficiency standards aimed at reducing energy consumption, carbon emissions, and improving sustainability. Cladding systems play a crucial role in meeting these requirements by providing insulation, weather protection, and energy-efficient solutions. The emphasis on sustainable construction practices has propelled the demand for cladding systems in the European market.
The leading players in the cladding systems market are Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Louisiana Pacific Corporation (US), and Kingspan PLC (UK).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441