North America Rainscreen Cladding Market Trend Analysis On The Basis Of Material, Application, And Country

 

North America Rainscreen Cladding Industry Overview

The North America rainscreen cladding market size is expected to reach USD 54.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2020 to 2028. Increasing demand for enhanced moisture management and energy-efficient solutions for commercial buildings are expected to drive the market.

The market growth can also be attributed to the shift in the trend toward protecting exterior walls and the growth in the construction of non-residential buildings, which include offices and institutions. Moreover, the growing demand for single-family and multi-family housing units coupled with increasing trends for energy-saving structures are expected to support the market in the projected time.

Ceramic and composite material panels are widely used in the rainscreen cladding industry. Composite materials are gaining high growth owing to the factors such as high durability, lightweight, and low cost. Insulation materials are used to provide thermal insulation to the building. Also, the materials provide the moisture control system in the rainscreen cladding structure.

Technological development in the assembly and installation processes by prominent players set a benchmark and heighten the competitive scenario by making it difficult for other players to penetrate the market. However, many players are unable to provide solutions for complex building designs, especially in cases when the manufacturing of cladding is tricky.


North America Rainscreen Cladding Market Segmentation

Grand View Research has segmented the North America rainscreen cladding market on the basis of material, application, and country:

Based on the Raw Material Insights, the market is segmented into Fiber Cement, Composite Materials, Metal, High Pressure Laminates, Terracotta, Ceramics, and Others.

·         The terracotta raw material segment dominated the market and accounted for the largest revenue share of 35.7% in 2020. Terracotta panels offer continuous insulation outside the primary wall and increase the thermal performance of a building. These panels are mortar-free and weatherproof, which, in turn, reduces the maintenance costs over the lifespan of the building.

 

·         The demand for fiber cement-based rainscreen cladding is likely to witness a high growth on account of its cost-effectiveness, high durability, and low maintenance cost. These panels are gaining increasing acceptance in the rainscreen cladding market owing to their weatherproof property and easy resistance to high-pressure winds and rainwater.

 

Based on the Application Insights, the market is segmented into Residential, Commercial, Office, Institutional, and Industrial.

·         The office segment dominated the market and accounted for the largest revenue share of 31.3% in 2020. Rainscreen claddings are used in these constructions to provide weather resistance, thermal insulation, fire resistance, and aesthetic appeal to the building. Moreover, rising demand for energy-efficient office premises is expected to ascend the market in projected time.

 

·         The demand for rainscreen cladding is expected to witness high growth in the residential construction segment owing to increasing over-cladding activities, increasing awareness regarding energy-efficient constructions, the need for renovation of old buildings, and government regulations for green buildings.

 

North America Rainscreen Cladding Country Outlook

·         U.S.

·         Canada

·         Mexico


Key Companies & Market Share Insights

The market is competitive owing to the presence of well-established companies operating across the region. These players are aiming to offer cladding products and installation services to construction-specific applications. The players majorly focus on residential and commercial construction applications as the product demand is high in these applications.

Key industry participants, including Trespa International B.V., Cladding Corp, ROCKWOOL International A/S, OmniMax International, Inc., and Kingspan Group, are focusing on the introduction of claddings with enhanced moisture management properties and aesthetics. New patents and technologies adopted by these players are being followed by new entrants. Some of the prominent players in the North America rainscreen cladding market include:

·        Trespa International B.V.

·        Cladding Corp.

·        Kingspan Group

·        Rockwool International A/S

·        Rieger Architectural Products

·        OmniMax International, Inc.

·        TERREAL Group

·        SFS Group

·        James Hardie Building Products

·        DuPont de Nemours, Inc. 

 

Order a free sample PDF of the North America Rainscreen Cladding Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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