Rainscreen cladding serves as an external skin for new or existing buildings, designed to keep out rain while providing thermal and acoustic insulation. This system offers numerous advantages, including energy savings, minimal maintenance requirements, and enhanced building durability.
“The Rainscreen Cladding Market was estimated at USD 126.73 billion in 2021 and is expected to grow at a CAGR of 6.78% during 2022-2028 to reach USD 201.42 billion in 2028”.
Several key factors are driving market growth:
- Enhanced Moisture Control and Energy Efficiency: The increasing demand for rainscreen cladding is largely due to its superior moisture control properties and energy efficiency, which are becoming essential features in modern construction.
- Trend Shift in Exterior Wall Protection: There is a noticeable shift towards better protection of exterior walls, contributing to the growing adoption of rainscreen cladding systems.
- Non-Residential Building Construction: The demand for rainscreen cladding is also rising due to the increased construction of non-residential buildings, such as offices and educational institutions, in both developed and developing countries.
- Remodeling and Maintenance Activities: A surge in remodeling and maintenance activities is further propelling market growth.
Europe is expected to lead the market during the forecast period. This is attributed to the region's high individual spending capabilities, substantial growth in the construction industry, and the presence of numerous rainscreen cladding manufacturers in countries like the UK, Germany, France, and Russia. The region's mature construction industry and the focus on energy-efficient building solutions also contribute to its dominance.
Conversely, the Asia-Pacific region is anticipated to experience the highest growth rate during the forecast period. This rapid growth can be attributed to increasing per capita income and significant investments in modern construction activities, which are expected to boost the penetration of rainscreen cladding products in the region. Countries like China, India, and Japan are witnessing a construction boom, further fueling market expansion.
Key players in the rainscreen cladding market include Kingspan Insulation plc, Carea Ltd., Rockwool International A/S, M.F. Murray Companies, Inc., Celotex Ltd., and CGL Facades Co. These companies are instrumental in driving innovation and expanding the market through the development of advanced cladding solutions.
In summary, the global rainscreen cladding market is poised for substantial growth, driven by the increasing demand for energy-efficient, moisture-resistant, and durable building solutions across various regions. With Europe leading the market and Asia-Pacific emerging as a significant growth region, the future of rainscreen cladding looks promising.
