Rainscreen Cladding Market: Current Analysis and Forecast (2024-2032)

Report Description

Rainscreen Cladding Market Size & Forecast

The Rainscreen Cladding Market was valued at USD 121.3 Billion in 2023 and is expected to grow at a strong CAGR of around 6.1% during the forecast period (2024-2032) owing to growing demand for energy-efficient and aesthetically appealing building facades that improve insulation and moisture management.

Rainscreen Cladding Market Analysis

Rainscreen Cladding Market refers to the market of production, distribution, and installation of cladding systems offering internal building structures protection from moisture infiltration as well as providing richness in aesthetics. Generally used as an outer layer over a building structure, rainscreen cladding systems provide ventilation and thermal performance. The drivers for this market are the rising demand for sustainable construction practices, the growing focus on energy efficiency, and stringent building regulations to limit carbon footprints. Moreover, the current growing trend of urbanization and greater need to retrofit existing structures pushes the market forward, since more builders are searching for innovative cladding solutions, which fulfill the modern design and performance criteria.

Owing to rapid urbanization and infrastructure development, countries such as India, China and Japan are expected to be a major growth source for the Rainscreen Cladding Market. Government policies of sustainable construction, including India’s National Building Code and China’s Green Building Initiative, are creating a good environment for market expansion. Initiatives supporting the use of energy efficient materials and designs offer building stock developers the incentive to use such systems as rainscreen cladding. The rainscreen cladding market rides well with supportive regulatory frameworks and growing investments in green building technologies, as the global impetus for sustainability on the rise.

Rainscreen Cladding Market Trends

This section discusses the key market trends that are influencing the various segments of the Rainscreen Cladding market as identified by our team of research experts.

Sustainability Focus

The need for sustainable construction and maintenance practices due to growing globalization and environmental consciousness is considered a factor that propels the demand for rainscreen cladding. Increased concern over global warming and a call for decreased emission of carbon into the atmosphere has seen a shift towards construction materials that enhance energy efficiency and green building. Rainscreen cladding systems also have benefits in that they make it possible to create a space between the outer and inner skins of the building that helps control the inside temperature of the building and therefore save energy. For instance, builders are now using composite material as well as fiber cement panels as rainscreen systems because they are friendly to the environment or can be recycled. A real-life example is the Bosco Verticale (Vertical Forest) in Milan, Italy where proper use of sustainable elements and cladding systems were installed to make the buildings environment friendly and energy efficient.

Urbanization

With the expansion of city infrastructure and infrastructure development particularly in the developing and emerging economies the rainscreen cladding market has another strong driving force. Continued population growth and construction demands have forced the use of rainscreen cladding to give buildings the necessary protection against adverse weather conditions and enhance the aesthetic appearance of structures. Since most people are moving to the towns and cities in search of employment opportunities, there is high demand for building new hi-rise ‘green’ structures; offices, apartments, and other commercial and residential structures which rainscreen cladding enhances via added protection and beauty. A clear example of this is rainscreen cladding particularly in new generation skyscrapers and other commercial buildings in Dubai, where temperatures soar and dust almost achieves legendary status.

Aesthetic Appeal

The modern architectural urge for carefully styled and stylistically clean building structures has led to the application of rainscreen cladding systems. These systems provide numerous nearly limitless options for architects and designers to select and arrange colors, textures, and materials to give unique facades or cladding. Rainscreen cladding goes beyond changing the aesthetic face of the building by adding value since it serves increased functionality and durability. For example, in Zaha Hadid Architects’ buildings like Heydar Aliyev Center in Baku, Azerbaijan new cladding systems enabled architects to design continuous forms of curves attached to the structure. This example explains how rainscreen cladding is useful when considering how to bring designs into building projects.

APAC is Expected to Grow with Significant CAGR During Forecast Period

Tremendous growth in the rainscreen cladding market is found in the Asia-Pacific (APAC) market, owing to the growing urbanization and infrastructure development. A number of countries including China, India and Japan are spearheading construction activities within the region and improving their investment in both housing and non-housing construction spaces. As these countries seek to attain the set sustainability standards and adopt new standards in architectural design, there has been a realization of a surge in demand for long-lasting energy-effective cladding systems. Also, the variability of climate in the region increases the demand for construction materials that are resilient to pressure and adverse atmospheric conditions, which has increased the use of rainscreen cladding systems that are insulators and protect the inner perimeter of a structure.

The governments around the APAC region are also supporting the adoption of sustainable and energy-efficient building materials. Stakeholder interest in green buildings together with increasing awareness towards environmentally sustainable construction solutions, provide a favourable backdrop for market development. The embracement of innovative cladding solutions and increased attention to the buildings’ reliability and appearance helped to maintain the constant growth of the market in APAC, which is essentially important for the rainscreen cladding market from all over the world.

Rainscreen Cladding Industry Overview

The Rainscreen Cladding market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market include Kingspan Group, Carea Group, Etex Group (EQUITONE), Rockwool International A/S, Swisspearl Group, Prodema, Sotech Limited, Trespa International B.V., CENTRIA (Nucor), and Fiberon.

Rainscreen Cladding Market News

In September 2024, Kingspan Group acquired the Texas-based IB Roof Systems, to expand its presence in the North American market and broaden its product offerings. The acquisition is Kingspan’s first foray into the U.S. single-ply roofing space. The company said the IB purchase offers it an immediate and established position within the PVC membrane category. It also coincides with Kingspan’s independent investments in TPO membrane and polyiso insulation board manufacturing in Oklahoma and Maryland.

In October 2021, Kingspan acquired US-based insulation board maker Minnesota Diversified Products in a move to expand its US client base and core building insulation business.

Rainscreen Cladding Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Rainscreen Cladding market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

Frequently Asked Questions (FAQ)

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Rainscreen Cladding Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of global Rainscreen Cladding were the three major steps undertaken to create and explore the adoption of Rainscreen Cladding in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global Rainscreen Cladding market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of Rainscreen Cladding through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of Rainscreen Cladding, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report, such as Material and Application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Rainscreen Cladding. Further, we conducted factor analysis using dependent and independent variables such as Material and Application of Rainscreen Cladding market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Rainscreen Cladding sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Rainscreen Cladding market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Rainscreen Cladding across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Rainscreen Cladding market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Rainscreen Cladding market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Material and Application in the global Rainscreen Cladding market.

The main objective of the Global Rainscreen Cladding Market Study

The current & future market trends of the global Rainscreen Cladding market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Rainscreen Cladding industry in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of Material and Application
• Define and analysis of the regulatory framework for the Rainscreen Cladding industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Rainscreen Cladding market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Rainscreen Cladding market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team