Rainscreen Cladding Market Scope
The growing commercial construction sector anticipated to boost the demand for rainscreen cladding system during the forecasted period. Rainscreen cladding is a unique method of over-cladding or cladding a building to offer weather protection for the building structure and fabric. Rainscreen cladding market has high growth prospects on account of technological innovations by market players to develop high-performance durable rainscreen cladding material. Moreover, the growing construction industry in developing economies such as India, China, Japan, and others expected to fuel the market growth.
According to AMA, the Global Rainscreen Cladding market is expected to see growth rate of 6.98%
The global rainscreen cladding market is highly competitive owing to the presence of numerous multinational and local players. Strategies of new entrants in the market and fluctuating raw material prices are expected to be the key challenge for the existing players. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Hence, key players are focusing on mergers, acquisitions, and joint ventures to sustain the competition. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Rainscreen Cladding market throughout the predicted period.
Kingspan Insulation (United Kingdom), SIKA (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), SFS Group AG (United States), Sotech Architectural Façade (United Kingdom), Promat UK Ltd (United Kingdom), Interface (United States) and Cembrit (Denmark) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Rainscreen Cladding market and Region with country level break-up.
On the basis of geography, the market of Rainscreen Cladding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
18th April 2019, Cembrit launched new fibre cement cladding with a sandblasted surface to expand its product portfolio in the Rainscreen cladding market.
Market Trend
- Increasing Application of Fibre Cement in Rainscreen Cladding System
- Growing demand for aesthetically appealing houses by consumers
Market Drivers
- Growth in Commercial Construction Sector
- Higher Durability of the Rainscreen Cladding System
Opportunities
- Emphasizing On Development of Sustainable Cladding Materials
- Growing construction infrastructure in the Developing Economies
Restraints
- High Installation Cost
- Fluctuating Raw Material Prices
Challenges
- High Repairing Cost of the Rainscreen Cladding System
Key Target Audience
Rainscreen Cladding Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others