Claddings Market Dynamics, Drivers, Key Indicators and Insights

According to Allied Market Research, Titled, global claddings market size was estimated to be $166,026 million in 2015 and is expected to reach $262,381 million by 2022 growing at a CAGR of 6.7%.

Cladding is defined as a non-loadbearing skin or layer attached to the outside or inside of a building and includes all moisture barriers and siding materials used to cover the exterior of a structure. It is one of the key components where certain material layer is added to provide high performance outer envelope, as well as enhance and transform the existing constructions. Cladding systems are versatile, long lasting, and save energy. They are designed to meet the most demanding aesthetic and functional requirements. Careful assessment and prioritization of each of these roles for each orientation of the building is involved when before any cladding system is finalized.

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The key players in the market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the claddings market include Acme Brick Company, Alcoa Inc., Axiall Corporation, Boral Limited, CSR Limited, Etex Group, Armstrong Metalldecken AG, James Hardie Plc, Nichiha Corporation, and Tata Steel Limited.

The global claddings market is segmented based on component type, material type, end-use sector, and by geography. Based on the component type, the claddings market is segmented into walls, roofs, doors & windows, and others. Walls are the most dominant component type accounting for around 63.1% of the overall market in 2015. The wall cladding segment is projected to grow at a CAGR of 7.1% during the forecast period. In most cases it is designed to be permanent and provide benefits, such as insulation and waterproofing.

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By Component Type

  • Walls
  • Roofs
  • Windows & doors
  • Staircase
  • Others

By Material Type

  • Masonry & concrete
  • Brick & stone
  • Stucco & EIFS
  • Fiber cement
  • Metal
  • Vinyl
  • Wood
  • Others

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