New York, NY, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cladding Systems Market By Material (Stucco & EIFS, Metal, Fiber Cement, Vinyl, Wood, Ceramic, Brick & Stone, and Others), By Application (Roofs, Walls, and Others), and By End-User (Non-Residential and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cladding systems market was USD 227.9 billion in 2018 and is expected to reach approximately USD 329.4 billion by 2025, at a CAGR of around 5.5% between 2019 and 2025.
Cladding is the process of coating one material over the other, to ensure protection from external environmental forces, such as wind, rain, noise, etc. It is mostly used in buildings to improve their overall appearance. The main function of cladding systems is protection, but it is also used for decorative purposes and to improve a building’s exterior appearance. It is used on floors, walls, and ceilings along with offering thermal insulation and weather-resistance. Cladding is also used for noise-resistance and acts as a barrier between external sounds from entering and internal sounds from leaking.
Browse through 54 Tables & 28 Figures spread over 126 Pages and in-depth TOC on “Global Cladding Systems Market: Components, Function, Material, Size, Industry Share and Forecast, 2018–2025”.
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The cladding systems market is likely to witness significant growth, owing to the rising construction of residential and commercial buildings. The number of houses and buildings has been increasing considerably over time globally. Moreover, the rising awareness about the advantages of cladding has surged its usage, which is further driving the cladding systems market. Furthermore, these systems offer wind protection and safeguard the buildings from intense wind impacts. Thus, construction companies and builders globally have realized the importance of cladding and started implementing cladding systems. However, certain cladding materials may lead to fire hazards, which is a restraining factor for the cladding systems market growth.
On the basis of material, ceramic cladding shows maximum growth potential due to its huge demand in a wide range of applications. Ceramic tiles are used in modern houses and buildings to enhance their appearance. Numerous factors like durability, design templates, ease of maintenance, comfort, style, and safety are considered while choosing ceramic tiles. These tiles are used in both the exterior and interior of buildings based on specific requirements, aesthetics, and appearance. Moreover, ceramic tiles are used in a wide range of applications like laboratories, government buildings, restaurants, schools, medical centers, and shopping centers. In cold storages, metal cladding is used whereas concrete slabs are used in industrial applications. Moreover, with the increasing number of start-ups, FDIs (Foreign Direct Investment), free trade agreements, and globalization, the number of commercial buildings has increased considerably all over the world.
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By application, wall claddings are expected to hold a considerable market share, due to their ability to protect the buildings’ walls from dust, winds, and water.
The North American cladding systems market will show significant growth in the years ahead, owing to its changing climatic conditions. Canada experiences intensely cold temperatures and cladding systems play a vital role due to its ability to provide thermal insulation. Moreover, the U.S. is a vast country with dynamic landscapes, climate, and communities. The east and west coasts experience humidity, whereas Texas is one of the hottest places in the country. Furthermore, the presence of prominent players is also expected to boost the cladding systems market in North America. With growing business trends and the emergence of the e-commerce sector, numerous companies are setting up offices across various cities in the U.S.
Browse the full “Cladding Systems Market By Material (Stucco & EIFS, Metal, Fiber Cement, Vinyl, Wood, Ceramic, Brick & Stone, and Others), By Application (Roofs, Walls, and Others), and By End-User (Non-Residential and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cladding-systems-market
The European cladding systems market will show considerable growth in the future, owing to the numerous benefits of claddings like low maintenance and better strength of the structure. Germany has a booming industrial sector and the demand for commercial buildings and structures is relatively high. Barcelona is one of the world’s leading manufacturing cities apart from being the Mediterranean’s crucial shipping route and trading center. France’s population has a high purchasing power and has a market of approximately 65 million consumers. Furthermore, the cost of setting up businesses in France is comparatively lower.
The Asia Pacific is expected to hold the highest share of the cladding systems market. There is scope for sustainable business in India, due to its emerging economy. It is estimated that by 2025, around 69 cities in the region will have a population of around 1 million. Moreover, the number of people migrating to urban areas is extremely high, which presents a great opportunity for businesses and will lead to tremendous infrastructural developments in the cities. Additionally, the region has economical operational costs and a flourishing startup ecosystem. The Japanese government is taking efforts to increase the flow of inward FDIs. Furthermore, political stability and economical labor in China is also estimated to drive the region’s cladding systems market growth.
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The cladding systems market in the Middle East and Africa and Latin America is anticipated to show considerable growth. Brazil is the fifth largest country in the world with respect to area and hosts a huge population of 200 million. Moreover, the Brazilian population is concentrated mostly in urban areas. The region experiences a wide range of climatic conditions, from deserts to huge Amazon rainforests. Furthermore, the region is close to the equator and thus most of the houses have cladding systems for increasing the lifespan of buildings.
Some noticeable players of the cladding systems market are Louisiana Pacific, Kingspan, Westlake Chemicals, Cembrit Holding, James Hardie Industries, CSR, Nichiha Corporation, Etex Group, Boral Limited, Tata Steel Limited, DowDuPont, Arconic, and Compagnie de Saint-Gobain.
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This report segments the global cladding systems market into:
Global Cladding Systems Market: By Material Analysis
- Stucco and EIFS
- Metal
- Fiber Cement
- Vinyl
- Wood
- Ceramic
- Brick and Stone
- Others
Global Cladding Systems Market: By Application Analysis
- Roofs
- Walls
- Others
Global Cladding Systems Market: By End-User Analysis
- Non-Residential
- Residential
Global Cladding Systems Market: By Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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