PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512154
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512154
Cladding Systems Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
In 2024, the global cladding systems industry is projected to be valued at USD 284.0 billion, and it is estimated to reach USD 391.7 billion by the end of the decade, advancing at a CAGR of 5.5% during the projection period.
The rising expenditure on sustainable practices is a major trend in the industry. Many companies are promising sustainable innovation through significant investments. Traditional building materials and construction approaches, commonly associated with considerable resource reduction and carbon footprints, are being replaced by innovative substitutes.
Developers and designers are increasingly choosing resources that comply with green building standards. Recognizing the urgent need for lower carbon emissions in buildings, they are finding ways to decarbonize their manufacturing processes for cladding systems. This includes investments in automated shaping and cutting technologies and new factories to improve the efficiency and accuracy of cladding systems production.
Cladding systems are extremely durable, as they can resist chemical attacks and endure various weathering actions. Additionally, strong cladding systems are engineered to withstand adverse climate conditions, ecological degradation, and maintain their structural and aesthetic integrity over long periods.
Such systems also have a significantly longer lifespan. For example, they can last for hundreds of years. Furthermore, consistent maintenance extends their lifetime, as different coatings applied to their surface enhance their functional properties and prevent the accumulation of dirt and water by providing exterior passages.
Key Insights
In 2024, the ceramic category held the largest share, 30%, in the industry.
Some of the properties include durability, see-through, sustainability, water resistance, thermal conductivity, environmental friendliness, fire rating, and acoustic performance.
Ceramic cladding materials can be described as the utilization of ceramics in the construction of structures through the incorporation of advanced design and functionality into the construction market.
Being a strongly adhesive and hard surface material, ceramics are also quite resistant to scratches, abrasion, and excessive heat and cold.
Ceramics can be made in various forms, colors, and surface treatments offering designers and architects freedom in form, hue, and texture to cater to a variety of architectural designs.
Walls category has dominated the market and it has the highest growth rate with around 5% CAGR. 8% in the given forecasting period, Percentage 8%.
Overall growth is propelled by; requirements of beauty, protection of building envelope, retrofitting works, energy efficiency standards, and technological development.
The residential category is projected to grow at a faster rate with a CAGR of 5%. For cladding systems, approximately 7% of the overall construction cost spheres durability, aesthetic appeal, energy efficiency, and saving through low maintenance cost.
The non-residential segment has the highest market demand owing to an elevated number of commercial buildings that need to meet the demands of weather-resistive, thermal-insulated, aesthetically appealing, and fire-resistant properties.
Countless areas requiring a simple geometric look with less effort are easily solved by cladding for non-residential buildings like hospitals, offices, malls, and other commercial buildings which helps the corporate identity and code regulations.
It is observed, that the market of cladding systems is mainly driven by the countries in the APAC region, which is predicted to have the highest growth rate with an estimated revenue of around 40% in 2024.
Growth in APAC is attributed to rapid urbanization, economic growth, improving manufacturing capabilities, a growing construction sector, and government initiatives promoting sustainable building practices.
China leads the regional market due to the government's focus on reducing energy consumption, conserving energy resources, minimizing GHG emissions, and increasing construction activities.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by material
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Material (2019-2030)
- 6.3. Market Revenue, by Type (2019-2030)
- 6.4. Market Revenue, by Application (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Material (2019-2030)
- 7.3. Market Revenue, by Type (2019-2030)
- 7.4. Market Revenue, by Application (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Material (2019-2030)
- 8.3. Market Revenue, by Type (2019-2030)
- 8.4. Market Revenue, by Application (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Material (2019-2030)
- 9.3. Market Revenue, by Type (2019-2030)
- 9.4. Market Revenue, by Application (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Material (2019-2030)
- 10.3. Market Revenue, by Type (2019-2030)
- 10.4. Market Revenue, by Application (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Material (2019-2030)
- 11.3. Market Revenue, by Type (2019-2030)
- 11.4. Market Revenue, by Application (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Material (2019-2030)
- 12.3. Market Revenue, by Type (2019-2030)
- 12.4. Market Revenue, by Application (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Material (2019-2030)
- 13.3. Market Revenue, by Type (2019-2030)
- 13.4. Market Revenue, by Application (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Material (2019-2030)
- 14.3. Market Revenue, by Type (2019-2030)
- 14.4. Market Revenue, by Application (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Material (2019-2030)
- 15.3. Market Revenue, by Type (2019-2030)
- 15.4. Market Revenue, by Application (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Material (2019-2030)
- 16.3. Market Revenue, by Type (2019-2030)
- 16.4. Market Revenue, by Application (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Material (2019-2030)
- 17.3. Market Revenue, by Type (2019-2030)
- 17.4. Market Revenue, by Application (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Material (2019-2030)
- 18.3. Market Revenue, by Type (2019-2030)
- 18.4. Market Revenue, by Application (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Material (2019-2030)
- 19.3. Market Revenue, by Type (2019-2030)
- 19.4. Market Revenue, by Application (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Material (2019-2030)
- 20.3. Market Revenue, by Type (2019-2030)
- 20.4. Market Revenue, by Application (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Material (2019-2030)
- 21.3. Market Revenue, by Type (2019-2030)
- 21.4. Market Revenue, by Application (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Material (2019-2030)
- 22.3. Market Revenue, by Type (2019-2030)
- 22.4. Market Revenue, by Application (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Material (2019-2030)
- 23.3. Market Revenue, by Type (2019-2030)
- 23.4. Market Revenue, by Application (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Material (2019-2030)
- 24.3. Market Revenue, by Type (2019-2030)
- 24.4. Market Revenue, by Application (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Material (2019-2030)
- 25.3. Market Revenue, by Type (2019-2030)
- 25.4. Market Revenue, by Application (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Material (2019-2030)
- 26.3. Market Revenue, by Type (2019-2030)
- 26.4. Market Revenue, by Application (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Material (2019-2030)
- 27.3. Market Revenue, by Type (2019-2030)
- 27.4. Market Revenue, by Application (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Material (2019-2030)
- 28.3. Market Revenue, by Type (2019-2030)
- 28.4. Market Revenue, by Application (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Tata Steel Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Compagnie de Saint-Gobain S.A.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. DuPont de Nemours Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Arconic Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. James Hardie Building Products Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Etex NV
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Kingspan Group plc
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Westlake Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Nichiha Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. CSR Group
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Louisiana Pacific Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Boral Limited
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. OmniMax International Inc.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
