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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Opportunity Assessment of the Cladding Systems Market: Worldwide Coverage, 2019-2023 - ResearchAndMarkets.com

February 25, 2019

DUBLIN--(BUSINESS WIRE)--Feb 25, 2019--The “Cladding Systems Market by Material (Ceramic, Wood, Stucco & EIFS, Brick & Stone, Metal, Vinyl, Fiber Cement, Others), Component (Wall, Roof, Others), Application (Commercial, Residential), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The cladding systems market is projected to grow from USD 555.9 billion in 2018 to USD 714.7 billion by 2023, at a compound annual growth rate (CAGR) of 5.16% from 2018 to 2023.

The global cladding systems market has witnessed high growth, primarily because of the increasing infrastructure and construction activities worldwide. Not only do these systems protect the building structure but they also enhance the appearance of a building. A rebound in commercial construction is expected to increase the demand for the external cladding system.

In terms of value, the fiber cement cladding segment is projected to grow at the highest CAGR during the forecast period

The fiber cement segment of the cladding systems market is projected to grow at the highest CAGR during the forecast period, in terms of value. Fiber cement is mainly used for cladding application such as residential and commercial buildings and can last up to 50 years.

Fiber cement cladding is affordable and is installed in regions with extreme weather conditions. It can expand and contract because of its unique composition. The fiber added to the cement makes it stronger and more durable. It also prevents cracks from appearing on the surface. Fiber cement is seen as a replacement for asbestos cement, which had carcinogenic effects on human health.

In terms of both, value and volume, the wall segment is projected to lead the cladding systems market from 2018 to 2023

Wall claddings are designed to protect the exterior wall from the effects of weathering and also to enhance the appearance of the walls in a building. Wall cladding with the use of materials such as ceramic, brick & stone, and stucco & EIFS are gaining significant momentum, especially in residential buildings.

In commercial buildings such as warehouses and manufacturing plants, concrete and metal from the main wall cladding systems. Concrete cladding such as slabs and precast panels are widely used in industrial applications. Metal cladding, such as steel, are also used in other industrial buildings such as cool stores and freezing units.

In terms of value, the North American cladding systems market is projected to contribute the maximum market share during the forecast period

In terms of value, North America is projected to lead the cladding systems market from 2018 to 2023, due to the strong demand from countries such as the US and Canada. The demand is also driven by the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.

Strong government support further aids the growth of the cladding systems market, as the demand for this market’s products will increase. Government initiatives such as the Home Energy Loan Program (HELP) allow homeowners to install energy-efficient cladding systems.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Study Scope

1.4 Currency Considered

1.5 Units Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Research Assumptions & Limitations

3 Executive Summary

3.1 Introduction

3.2 Cladding Systems Market

4 Premium Insights

4.1 Attractive Opportunities in the Cladding Systems Market

4.2 North America: Cladding Systems Market, By Material & Country

4.3 Cladding Systems Market, By Material

4.4 Cladding Systems Market, By Component

4.5 Cladding Systems Market, By Application

4.6 Cladding Systems Market, By Country

5 Market Overview

5.1 Introduction

5.2 Evolution of Cladding Systems

5.3 Market Dynamics

5.3.1 Drivers Rise in Construction and Infrastructure Activities Increase in Non-Residential Construction & Infrastructure Activities High Durability of Cladding Systems

5.3.2 Restraints High Raw Material & Installation Cost

5.3.3 Opportunities Increasing Demand for Protective Systems Enhancing Aesthetic Appeal of a Building Rise in Population & Urbanization in Emerging Economies Increase in Demand for Fiber Cement in Cladding Systems Increase in Demand for Sustainable Cladding Materials

5.3.4 Challenges High Repairing Cost if Broken or Dented

6 Cladding Systems Market, By Material

6.1 Introduction

6.2 Ceramic

6.3 Wood

6.4 Stucco & EIFS

6.5 Brick & Stone

6.6 Metal

6.7 Vinyl

6.8 Fiber Cement

6.9 Others

7 Cladding Systems Market, By Component

7.1 Introduction

7.2 Wall

7.3 Roof

7.4 Others

8 Cladding Systems Market, By Application

8.1 Introduction

8.2 Commercial

8.3 Residential

9 Cladding Systems Market, By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Middle East & Africa

9.6 South America

10 Competitive Landscape

10.1 Overview

10.2 Market Ranking

10.3 Competitive Scenario

11 Company Profiles

11.1 Compagnie De Saint Gobain S.A.

11.2 DowDuPont

11.3 Tata Steel Limited

11.4 Arconic

11.5 Westlake Chemical

11.6 ETEX Group

11.7 James Hardie Industries PLC

11.8 CSR Limited

11.9 Nichiha Corporation

11.10 Boral Limited

11.11 Cembrit Holding A/S

11.12 Louisiana Pacific Corporation

11.13 Kingspan PLC

11.14 Other Players

11.14.1 Coverworld UK

11.14.2 Westman Steel

11.14.3 CA Group Limited

11.14.4 Arcelormittal

11.14.5 Carea

11.14.6 Timco

11.14.7 Middle East Insulation LLC

11.14.8 Trespa International B.V.

11.14.9 Dumaplast

11.14.10 Accord Floors

For more information about this report visit https://www.researchandmarkets.com/research/686hbk/opportunity?w=4

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Related Topics:Building Materials



SOURCE: Research and Markets

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PUB: 02/25/2019 06:54 AM/DISC: 02/25/2019 06:54 AM