Global Cladding System Market – Industry Trends and Forecast to 2029

Global Cladding System Market, By Material (Ceramic, Wood, Stucco and EIFS, Brick and Stone, Metal, Vinyl, Fiber Cement, Others), Component (Roof, Walls, Windows and Doors, Others), Function (Insulation, Air and Vapor Control, Precipitation Control, Movement Joints and Crack Control, Others), Type of Cladding (Curtain Walling, Sandwich Panels, Patent Glazing, Rain Screens, Metal Profile Cladding, Brick Slips, Tile Hanging, Others), Application (Interior, Exterior), Building Type (Residential, Non-Residential) – Industry Trends and Forecast to 2029

Cladding System Market Analysis and Size

The construction industry has had tremendous expansion in the past few years in terms of expenditure. For instance, the U.S. Census Bureau reports that nationwide residential construction investment was around US$473,687 million in 2016 and US$546,136 million in 2018. The need for cladding systems has grown as a result of this rising spending. The market for cladding systems is anticipated to develop quickly due to a marked increase in construction and infrastructure activities around the world.

Global cladding system market was valued at USD 234.10 million in 2021 and is expected to reach USD 373.12 million by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Cladding System Market Scope and Segmentation

Market Definition

Cladding systems are used to give a final finish to the building exteriors. They aid in shielding the structure from wind, snow, rain, dust, and other environmental elements. Additionally, architectural decorations and aesthetic appeal are achieved with the help of cladding systems. Applying cladding lengthens a building's lifespan as well. Despite not being a load-bearing part, it helps with wind and snow load diversion. Additionally, it offers insulation against heat and sound, enhancing the energy savings associated with air conditioning.

Cladding System Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising Construction Activities and Spending

The market expansion of cladding systems is anticipated to be driven by the expanding infrastructure and building industries. Cladding systems are employed in various construction tasks to safeguard the building's original structure. These layers give the building weather resistance, thermal insulation, and improved aesthetics. Therefore, robust elements like steel, copper, aluminum, polymers, and fiber cement are used to create cladding systems. The market for cladding systems is anticipated to develop quickly due to a marked increase in construction and infrastructure activities around the world. The market for cladding systems is anticipated to develop quickly due to a marked increase in construction and infrastructure activities around the world. For instance, the U.S. Census Bureau reports that nationwide residential construction investment was around US$473,687 million in 2016 and US$546,136 million in 2018. The need for cladding systems has grown as a result of this rising spending.

The rise of the middle class and its consumption patterns will further propel the growth rate of cladding system market. Additionally, urbanization is anticipated to be further boosted by the rising middle-class population's higher per capita income. The need for sophisticated forms of protection, including wall and roof cladding, for residential buildings has increased as a result of changing lifestyles, high disposable budgets, and rising levels of awareness.

Opportunities

• Growth in Green Construction Guidelines

Furthermore, the increased demand for eco-friendly systems and green construction guidelines extend profitable opportunities to the market players in the forecast period of 2022 to 2029. As consumers become more ecologically conscious, innovative eco-preferred cladding materials are becoming more popular. Investments in light-weight and energy-efficient cladding systems for residential and non-residential buildings are also being driven by stringent government requirements, green construction guidelines, and codes like LEED certifications.

• Growth in Market Trends

Additionally, the growing demand for aesthetic outlook of the buildings will further expand the future growth of the cladding system market. In order to complement and improve the aesthetically pleasing appearance of the building facades, the major competitors in the market are concentrating on providing a wide variety of colors and patterns of cladding systems. For instance, Corian, an exterior cladding material, is now being produced by DuPont in over 21 hues as of September 2014.

Restraints/Challenges

• Fluctuations in Raw Material Prices

The primary raw materials used to make cladding systems include steel, copper, aluminum, fiber cement, natural stones, and plastic panels. However, the cost of transportation across different locations as well as supply and demand all affect how much these raw resources cost. Therefore, it is anticipated that changes in the price of raw materials will restrain the market's expansion for cladding systems.

• Low Awareness regarding the Product

The biggest obstacle the cladding systems market faces is the lack of product awareness. Market brand awareness is also declining. Most builders don't research the brand before buying him cladding panels. Worse, the market is in danger due to the lack of brand recognition. This problem leads to the sale of inferior cladding panel substitutes. In the market, it gains a negative reputation and suffers revenue losses. The absence of brand promotion poses a serious threat, which may negatively impact the market over the forecast period.

• High Repairing and Maintenance Costs

The routine maintenance of cladding systems is necessary to keep them watertight and lengthen their lifespan. To get rid of dust buildup and stop any organic growth, systems must be cleaned properly. Additionally, it aids in maintaining the building's aesthetic appeal. However, restoring the damaged section without damaging the aesthetic aspects of the systems is challenging if they are cracked or dented. Metal cladding is readily damaged if not fitted correctly, which could harm the building's original structure. Manufacturers of cladding systems thus confront a significant problem due to the expense and duration of repairs. The high repairing and maintenance costs will further challenge the cladding system market growth rate.

This cladding system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cladding system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Cladding System Market

The recent outbreak of coronavirus had a negative impact on the cladding system market as there has been less demand for the goods due to the massive decline in demand. Massive economic fluctuations are present at this time. Additionally, there is less investment in the construction sector. The demand and supply chain are being impacted by COVID 19, which has an impact on market revenue for cladding systems. The price of the cladding system is dropping since there is less demand. It has an impact on the cladding system market's profitability. The market for industrialization and construction faces a number of difficulties. It has a negative effect on the market for cladding systems. Additionally, the production lines for cladding systems have been shut down globally as a result of the spread of COVID 19. Additionally, the entire production is being impacted by the raw material shortage, which has largely hindered the overall growth for the market over the forecasted period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2020, the erracade system, developed by Glen-Grey Corporation, was created to be applicable to both innovative problem-solving applications. The new cladding system can accommodate various architectural design types because it is fire resistant, low-maintenance, and layout flexible.

Global Cladding System Market Scope

The cladding system market is segmented on the basis of material, component, function, type of cladding, application and building type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Ceramic
• Wood
• Stucco and EIFS
• Brick and Stone
• Metal
• Vinyl
• Fiber Cement
• Others

Component

• Roof
• Walls
• Windows and Doors
• Others

 Function

• Insulation
• Air and Vapor Control
• Precipitation Control
• Movement Joints and Crack Control
• Others

Type of Cladding

• Curtain Walling
• Sandwich Panels
• Patent Glazing
• Rain Screens
• Metal Profile Cladding
• Brick Slips
• Tile Hanging
• Others

 Application

• Interior
• Exterior

 Building Type

• Residential
• Non-Residential

Cladding System Market Regional Analysis/Insights

The cladding system market is analyzed and market size insights and trends are provided by country, material, component, function, type of cladding, application and building type as referenced above.

The countries covered in the cladding system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the availability of skilled labor within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the strong demand from developing economies such as China and India in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cladding System Market Share Analysis

The cladding system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cladding system market.

Some of the major players operating in the cladding system market are

• Kingspan Group (Ireland)
• Saint-Gobain (France)
• Carea Facade (London)
• M.F. Murray Companies, Inc.  (U.S.)
• CGL Facades (U.K.)
• Rockwool A/S (Denmark)
• BASF SE (Germany)
• Sto SE & Co KGaA (Germany)
• Dryvit. (U.S.)
• ParexGroup LTD (France)
• Terraco Holdings Ltd (U.K.)
• Etex Group (Belgium)
• FunderMax (Austria)
• Etex Group (Belgium)
• Euramax Cladding (Netherlands)
• Cupa Pizarras (U.S.)
• Danpal (France)
• Lindner Group (Germany)
• Trespa (Netherlands)