PUBLISHER: IMARC | PRODUCT CODE: 1541422
PUBLISHER: IMARC | PRODUCT CODE: 1541422
The global claddings market size reached US$ 258.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 418.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Cladding is a non-loadbearing construction material attached to the exterior and interior of the building to act as a moisture barrier and protective layer. It is usually manufactured using wood, natural stone, metal, aluminum, zinc, copper, plastic, terracotta, vinyl and other composite materials. Cladding is lightweight, fireproof, thermal- and water-resistant, soundproof and energy-efficient. It is also added to the floors, walls, facades, plateaus, baseboards and planters to enhance their aesthetic appeal and is directly attached to the steel frame of the building. Novel cladding materials are manufactured with dichromatic window films to provide ultraviolet (UV) protection to the interiors of the building and minimize maintenance requirements.
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement of metallic claddings in commercial and industrial buildings is providing a thrust to the market growth. Claddings are widely used as effective protective systems in residential and non-residential constructions against exposure to harsh climatic conditions, dust, pollution and changes in temperatures. In line with this, the widespread adoption of claddings for the protection of vertical and roof-top gardens is also contributing to the growth of the market. Additionally, the increasing utilization of fiber cement in cladding systems is acting as another growth-inducing factor. Product manufacturers are also developing bio-based and sustainable cladding materials using agricultural and paper waste, which are widely utilized in green buildings. Other factors, including rising expenditure capacities of the consumers and the implementation of favorable government policies, along with extensive infrastructural development, especially in the developing economies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global claddings market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on material type, component type and end user.
Masonry and Concrete
Brick and Stone
Stucco and EIFS
Fiber Cement
Metal
Vinyl
Wood
Others
Walls
Roof Cladding
Windows and Doors
Others
Residential
Non-Residential
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acme Brick (Berkshire Hathaway Inc.), Alcoa Corporation, Armstrong World Industries, Boral, CSR Limited, Etex Group, James Hardie Building Products Inc, Kingspan Group, NICHIHA Co. Ltd, ROCKWOOL International A/S, Tata BlueScope Steel, Trespa International B.V and Westlake Chemical Corporation.