The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Rainscreen Cladding Market:
The leading players in the rainscreen cladding market include SFS Group AG, Everest Industries Limited, Kingspan Group Plc, Sotech Optima Company, Fundermax, Rockwool International A/S, SIKA AG, Promat UK Ltd., Merson Group, and BTS Fabrications, among others.
Drivers of the Rainscreen Cladding Market:
An increase in the construction of residential and non-residential buildings, remodeling, renovation, and maintenance activities is one of the major factors surging the growth of the global rainscreen cladding market. Several beneficial properties, including high durability, improved thermal, weather resistance, acoustic insulation, and the ability to improve infrastructures' aesthetic appearance, will increase the demand for rainscreen cladding. Rainscreen cladding helps in decreasing thermal movement through the wall, which prevents overheating during summer. It also helps in maintaining a warm and steady interior temperature in the winter season. This unique specification of rainscreen cladding is encouraging consumers towards the adoption of these cladding solutions.
Rainscreen cladding is relatively lightweight as compared to conventional masonry builds and helps keep the building structure dry, which in turn, decreases the maintenance cost. It is extensively used to construct commercial spaces, including hospitals, shopping malls, warehouses, schools, and other buildings. On the other hand, the increasing cost of raw material and limited awareness associated with the benefits of rainscreen cladding in developing economies hamper market growth. The strict lockdown due to the outbreak of COVID-19 and general containment measures imposed to delay its spread is projected to significantly impact the construction sector, thus hindering the growth of the rainscreen cladding market in the upcoming years.
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Material:
· Composite Materials
· Fibre Cement
· High Pressure Laminate
Breakup by Construction:
· New construction
Breakup by End-Use Sector:
Breakup by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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