Global Cladding Systems Market Size, Drivers, Trends, Opportunities And Strategies – Includes Cladding Systems Market Report
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Growth in the construction of new residential and commercial buildings is expected to drive innovation in cladding system manufacturing, driving the market during the forecast period.
The global cladding systems market is expected to grow from $245.07 billion in 2022 to $243.83 billion in 2023 at a compound annual growth rate (CAGR) of -0.5%. The cladding systems market size is expected to grow to $310.87 billion in 2027 at a CAGR of 6.3%.
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Global Cladding Systems Market Segments Include:
- By Material: Steel, Aluminium, Zinc, Copper, Plastic Panels
- By Application: Walls, Roofs
- By End User: Residential Buildings, Non-Residential Buildings
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cladding systems market in 2021.
Major Market Players in the cladding systems market include Arconic Corporation, Boral Limited, CSR Limited, Etex Group, Nichiha Corporation, Tata Steel Limited, Compagnie de Saint-Gobain S.A., Dupont, Hindalco Industries Limited, Glen-Gery Corporation.
Eco-friendly cladding materials are a growing trend in the cladding systems market. To increase market share, companies in the cladding systems market are focusing on developing eco-friendly cladding materials. As consumers become more environmentally conscious, eco-friendly cladding systems are becoming more popular. Timber cladding is one of the most environmentally friendly cladding materials. Timber cladding is a good sound and heat insulator, and it retains heat better than other common building materials like concrete, aluminium, and steel. The heat insulator in timber cladding is critical in ensuring an energy-efficient building. The timber cladding is a truly renewable organic resource and does not create any waste. For example, in 2021, Fiberon introduced Wildwood composite cladding, which combines the unrivalled beauty and warmth of wood with the durability of high-performance and low-maintenance materials.
The Cladding Systems Global Market Report 2023 provides a cladding systems market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cladding systems market forecast analyzes cladding systems market size, cladding systems market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Cladding is the process of covering the exterior of a building with panels of a different material. Cladding systems are used in the construction of buildings. Cladding is primarily used in construction for its function of protecting the building’s exterior and frame. Cladding systems protect the interior of architectural structures indirectly.
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