Cladding Market Overview
The global cladding market growth is driven by high demands in the construction industry for providing thermal insulation and protection against environmental impacts on buildings. Cladding is used to improve the appearance of buildings, to provide a high degree of thermal insulation and weather & impact resistance. Asia-Pacific region holds the largest market share global cladding market. The competitive rivalry intensifies with Cembrit Holding A/S, Axiall Corporation, and Boral Ltd.
Cladding Market Dynamics
The cladding market is expected to grow significantly in the coming years, driven by the increasing demand for thermal insulation of buildings. The global thermal insulation market is valued at around US$65.0 billion in 2020, and it is growing at a compound annual growth rate (CAGR) of 8.0% from 2015 to 2020. This growth is being driven by the need to protect buildings from the environmental impacts of climate change, such as extreme weather events and rising energy costs.
In addition to the demand for thermal insulation, the cladding market is also being driven by the growth of infrastructure development projects. As governments and businesses invest in new infrastructure, the demand for cladding to protect these structures from the elements is increasing.
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The cladding market is also being supported by government initiatives to improve the safety of buildings. In recent years, there have been a number of high-profile fires in buildings with cladding that has not met safety standards. As a result, governments around the world are introducing new regulations to ensure that cladding is safe.
Cladding Market Segmentation Analysis
By Type
- Wood Cladding
- Stone Cladding
- Tile Cladding
- Ceramic cladding
- Glass Cladding
- Timber Cladding
- Aluminum cladding
- Curtain wall cladding
- Porcelain cladding
- Metal Cladding
- uPVC Cladding
- Vinyl cladding
- Concrete Cladding
- Others
By Application
- Walls
- Roofs
- Window
- Doors
- Vent
- Others
By End-User
- Residential
- Commercial
- Industrial
- Institutional
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
Etex Group, Cembrit Holding A/S, Tata Steel Ltd, Boral Ltd, Alcoa Inc., James Hardie Industries Plc., Axiall Corporation, CSR Ltd., Nichiha Corporation and Saint Gobain SA and among others.
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