The “Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) – Global Forecast to 2026” research report from MarketsandMarkets states as much. The size of the global market for cladding systems is anticipated to be USD 234.1 billion in 2021 and to increase to USD 306 billion by 2026, at a CAGR of 5.6% over the forecast period. The increased infrastructure and building activities occurring globally have been a major factor in the market’s rapid rise. These systems not only defend the structure but also improve its beauty. The market for external cladding systems is anticipated to rise with the recovery in commercial construction. But considerations like expensive installation and raw material costs as well as high repair times and costs could restrain the development of this market.
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Cement and other ingredients, including sand, water, and lime, are combined to create stucco, which can be put directly to a wall. It is one of the oldest cladding materials and, when built properly, is resistant to decay and other hazards. It also goes by the name Portland cement plaster and is mostly used in residential and commercial structures. It provides a number of advantages, including appealing look and fire resistance. Stucco cladding is inexpensive to install and maintain. Over-stucco claddings, exterior insulation and finish systems (EIFS) are installed and offer variable levels of continuous insulation. Stucco is a very breathable cladding material because of its capacity to permit air and moisture to move through it. It is one of the most expensive materials and lasts for 50 to 75 years.
The market for cladding systems is expected to be dominated by the wall cladding segment in 2020.
Wall claddings improve the aesthetics of walls while protecting outside walls from weathering. Comparatively less expensive than brick, stucco, and EIFS wall cladding is wood and fiber wall cladding. Due to their cheaper cost, wood and fibre wall claddings are becoming more and more popular in the residential market. Metal and concrete-type wall cladding systems are used in non-residential structures like manufacturing plants and warehouses. The use of steel cladding is used in refrigeration and freezing storage facilities. In industrial settings, slabs made of concrete are utilised as claddings.
By volume, the non-residential application segment will hold a bigger market share in 2020 for cladding systems.
Structures that are not utilized as homes are referred to as non-residential buildings. These are divided up into different categories based on the types of construction, such as new building and remodeling. The demand for cladding systems is higher in new construction than it is in remodeling construction. Due to their excellent thermal efficiency and fire protection, vinyl and metal cladding are the most popular cladding systems for non-residential structures. Builders will be compelled to utilize materials that have a minimal negative impact on the environment during all processes, including extraction, conversion, maintenance, and disposal, as a result of the significance of eco-friendly cladding systems. The most popular cladding materials for commercial buildings are metal and vinyl. Despite the fact that vinyl siding is not environmentally friendly, producers are devoted to recycling it in the form of landfills.
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By volume and value, Asia Pacific will hold a bigger market share for cladding systems in 2020.
The largest market share for cladding systems is in the Asia Pacific region, followed by North America and Europe. The Asia-Pacific region’s economy is driven by factors including skilled labour, the availability of affordable raw resources, advanced technology, and others. The economies of China and India are expanding quickly in the area. Construction operations have expanded in number along with the population and economy. In reality, in terms of both value and volume, China’s construction sector ranks among the top contributors to the world economy. The market for cladding systems in the region is driven by rising residential development and rising spending on commercial projects over the forecast period.
Among the leading companies in the cladding systems market are Compagnie de Saint-Gobain S.A. and Tata Steel Limited (India). (France), James Hardie Industries PLC (Ireland), James Hardie Industries PLC (Ireland), James Hardie Industries PLC (Ireland), DowDuPont (US), Arconic, Louisiana Pacific Corporation (US), Westlake Chemicals (US), Boral Limited (Australia), Etex Group (Belgium), Kingspan PLC (UK), CSR Limited (Australia), Cembrit Holding A/S (Denmark), and Nichiha Corporation (Japan) and others.
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