By Raw Material (Fiber Cement, Composite Material, Metal, High Pressure Laminates, Terracotta, Ceramic and Others), System (Vented Systems, Drained and Vented Systems and Pressure Equalised (Moderated) Systems), Applications (Residential, Commercial, Institutional and Industrial), Country (U.S., Canada and Mexico) Market Trends and Forecast to 2027.
Market Analysis and Insights: North America Rainscreen Cladding Market
Rainscreen cladding market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a stronger CAGR of 7.0% in the forecast period of 2020 to 2027 and expected to reach USD 4,806.36 million by 2027. Increased demand for rainscreen cladding in order to protect the buildings from various environmental conditions is the factor for the market growth.
Rainscreen cladding is a method to offer over-cladding or cladding a building so that they can protect the building fabric and structure from unstable weather. The system helps in making a complete ‘flat’ surface and they are highly used for different new build projects where the system can give excellent performance for the longer period of time and provides good infrastructure to the building façade.
Increase in refurbishment projects for large multi-story buildings and multifamily construction is driving the growth of market. Growing demand of green buildings to boost rainscreen cladding will also drive the market. Customized rainscreen cladding are gaining more traction and have limited supply will further create new opportunities that will impact this rainscreen cladding market growth in the forecast period to 2027. For instance, U.S. introduced the concept of green buildings which requires the certification of LEED (Leadership in Energy and Environmental Design) by the U.S. Green Building Council (USGBC) that focuses on use of recyclable materials, energy performance, water efficiency and sustainable sites.
This rainscreen cladding market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Rainscreen Cladding Market Scope and Market Size
North America rainscreen cladding market is segmented on the basis of raw material, system and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of raw material, the market is segmented into fiber cement, composite material, metal, high pressure laminates, terracotta, ceramic and others. Composite material had accounted for the maximum share in U.S. as major companies are involved in producing composite materials because they are lightweight in nature and protects from moisture which clearly shows that the demand of composite materials is increasing very rapidly and the companies have the focus to meet these growing demands. For instance, in 2015 the demand for composite materials for aerospace applications in U.S. was approximately 800 million dollars and it to reach 1.4 billion dollars, by 2021.
- On the basis of system, the market is segmented into vented systems, drained and vented systems and pressure equalised (moderated) systems. The vented systems accounted for the largest market share as they are contributing very positively to the America’s environment. They are taking towards a sustainable development for U.S.
- On the basis of application, the market is segmented into residential, commercial, institutional and industrial Commercial segment is dominating the market as in U.S., because in U.S. the commercial buildings are increasing very rapidly which boosts the demand of rainscreen cladding materials. For instance, it has been observed that the construction of commercial buildings, in the U.S., has increased by 1.74% in 2017 as compared to 2016 and also increased by 2.40% in 2018 as compared to 2017, which clearly illustrates that the construction of commercial buildings has been increased year by year which boosts the demand of rainscreen cladding market.
Rainscreen cladding Market Country Level Analysis
North America rainscreen cladding market is analysed and market size information is provided by country, material type, system and application as referenced above.
The countries covered in the rainscreen cladding market report are U.S., Canada and Mexico.
U.S. dominates the North America rainscreen cladding market due to strong manufacturing base as well as increasing construction of the residential and commercial buildings in the forecast period of 2020 to 2027.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increase in Demand for Fiber Cement in Cladding Systems
North America rainscreen cladding market also provides you with detailed market analysis for every country growth in building and construction industry with rainscreen cladding product sales, components sales, impact of technological development in insulation materials and changes in regulatory scenarios with their support for the rainscreen cladding market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Rainscreen Cladding Market Share Analysis
North America rainscreen cladding 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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, concept cars, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America rainscreen cladding market.
The major players covered in the report are Danpal, Sotech Optima, Proteus Facades, Cladding Corp, NVELOPE, CENTRIA, FunderMax, Middle East Insulation LLC., Euro Panels Overseas N.V., Kingspan Group, TERREAL, CAREA Group, MERSON GROUP, Avenere Cladding LLC., HunterDouglas, Architectural Panel Solutions Limited, Bailey, ROCKWOOL International A/S, Tata Steel and DuPont, among other players in North America. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In October 2019, Kingspan Group has acquired the SIG’s building solutions business. The acquisition was done for USD 41.86 million. SIG is a manufacturer of advanced cladding, trimform products, united roofing products, insulation brands and others. The acquisition will help the company to penetrate more into the market.
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for rainscreen claddings through expanded model range.
Customization Available : North America Rainscreen Cladding Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), product under development data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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