Global cladding systems market is expected to reach USD 798.39 Billion by 2025, at a CAGR of 5.41% from 2018 to 2025. Increasing demand from the cladding systems from the ongoing infrastructure and residential and non-residential activities across the world are driving the market.
Cladding can be defined as the application of one material over another to provide a skin or a layer. In construction, cladding is widely used to provide a degree of thermal insulation and weather resistance, and to improve the appearance of the buildings. Compared to painted surfaces claddings are very easy and cost effective to maintain. Thus increasing global construction activities in the residential and non-residential sector are bound to generate increased demand for the claddings over the forecasted period.
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- The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global cladding systems market is analyzed by value (USD Billion) and volume (Million Sq. Meters)
- The study delivers a comprehensive analysis of global cladding systems market by material, component, application, and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used to recognize the competitive scenario in the global cladding systems market. This report incorporates the industry analysis which is focused on providing an extensive view of the cladding systems market.
- The study also includes attractiveness analysis of material, component, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the cladding systems market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
- Durability and insulation properties of the cladding
- The global increase in infrastructure activities
- High raw material cost
- High installation cost
- Rising demand for the eco-friendly, environmentally sustainable cladding materials
- Increasing per capita disposable income fuelling demand for housing structures
- Expensive to repair
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa.Asia pacific region is anticipated to witness an accelerated growth at a CAGR of 7.29% over the forecasted period. Huge ongoing infrastructure and housing development projects are projected to propel this increase in demand.
Major players in the global cladding systemsmarket are Saint-Gobain S.A., DowDuPont, Tata Steel Limited, Arconic, Mosa, Westlake Chemicals, Etex Group, JamesHardie Industries PLC, CSR Limited, Nichiha Corporation, Boral Limited, Cembrit Holding A/S, Louisiana Pacific Corporation, Kingspan PLC, Hindalco, Everest Industries among others.
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