Opportunity Assessment of the Cladding Systems Market: Worldwide Coverage, 2019-2023 - ResearchAndMarkets.com
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.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency Considered
1.5 Units Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary
3.2 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
5.2 Evolution of Cladding Systems
5.3 Market Dynamics
126.96.36.199 Rise in Construction and Infrastructure Activities
188.8.131.52 Increase in Non-Residential Construction & Infrastructure Activities
184.108.40.206 High Durability of Cladding Systems
220.127.116.11 High Raw Material & Installation Cost
18.104.22.168 Increasing Demand for Protective Systems Enhancing Aesthetic Appeal of a Building
22.214.171.124 Rise in Population & Urbanization in Emerging Economies
126.96.36.199 Increase in Demand for Fiber Cement in Cladding Systems
188.8.131.52 Increase in Demand for Sustainable Cladding Materials
184.108.40.206 High Repairing Cost if Broken or Dented
6 Cladding Systems Market, By Material
6.4 Stucco & EIFS
6.5 Brick & Stone
6.8 Fiber Cement
7 Cladding Systems Market, By Component
8 Cladding Systems Market, By Application
9 Cladding Systems Market, By Region
9.2 North America
9.4 Asia Pacific
9.5 Middle East & Africa
9.6 South America
10 Competitive Landscape
10.2 Market Ranking
10.3 Competitive Scenario
11 Company Profiles
11.1 Compagnie De Saint Gobain S.A.
11.3 Tata Steel Limited
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
11.14.7 Middle East Insulation LLC
11.14.8 Trespa International B.V.
11.14.10 Accord Floors
For more information about this report visit https://www.researchandmarkets.com/research/686hbk/opportunity?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005479/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Building Materials
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/25/2019 06:54 AM/DISC: 02/25/2019 06:54 AM