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Cladding Systems Market

Cladding Systems Market - Non-residential is the Leading Revenue-Generating
Cladding is any particular material used to cover the exterior of a structure. Cladding
may or may not be waterproof, but it controls how components fall on a surfaceor
hit it. Cladding can also be used fora decorative purposein order to camouflage a
more structural but not appealing substrate. Cladding systems can serve functions
such as precipitation control, crack control andmovement joints, vapor andair control,
and insulation. The global cladding systems market can besegmented on the basis of
material, component, application, and region. Based on material, the market can
besegregated into fiber cement, vinyl, metal, brick & stone, stucco & eiffs, wood, and
others. The vinyl segment accounted for amajor market share in 2016 and the trend
is anticipated to continue throughout the forecast period. This is attributableto easy
availability and low cost of vinyl. As a result, it is the most widely used material in
cladding systems all over the world. The metal cladding segment is projectedto
witness rapid growthfrom 2017 to 2025. This is because metal claddings arehighly
durable and aestheticallypleasant. Moreover, they can be fully recycled and they are
eco-friendly.This results in the rise indemand for metal claddings across the world.
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Based on component, the global cladding systems market has beendividedinto
windows & doors, roofs, walls, and others. Thewalls segment accounted fora leading
market share in 2016 and the trend is estimatedto continueduring the forecast period.
Walls constitute alarge portion of any building and cladding systems protect walls
from extreme weather conditions by covering them. Wallsalso enhance the aesthetics
of abuilding. The windows &doors segment is expected to witness rapid growth
during the forecast period. This growth is due to the fact that windows and doors
need protection for longevity and durability. Based on application, the global market
for cladding systems has beensegmentedinto residential and non-residential. The nonresidential segment held a major market share in 2016 and the trend is anticipated to
continue throughout the forecast period. Thesegment is likely to witness rapid growth
during the forecast period. This is attributableto increasing requirement forinnovative
infrastructure and replacement of old infrastructure, especially in developing
Major factorsfuelingthe global cladding systems market include high durability of
thesesystems. With high durability, cladding systems are being increasingly
employedto protect buildings. In addition, increase innon-residential and commercial
construction activities is augmentingthe global cladding systems market. Nonresidential is the leadingrevenue-generating segment ofthe cladding systems market.
However, high installation cost is a major restraint forthe global market for cladding
systems. Rapid urbanization in developing countries of Asia Pacific such as China and
India provesto be a major growth opportunity forthe market. Furthermore,
surgingdemand for the use of sustainable materials in cladding systems is
anothergrowthopportunity forthe global cladding systems market.
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Geographically, the global cladding systems market has beensegregated into North
America, Europe, Asia Pacific, Middle East &Africa, and Latin America. North
America held a leadingmarket share in 2016 and is expected to continue its
dominanceduring the forecast period. The market in Asia Pacific is projectedto
witness rapid growth during the forecast period, owing to rapidly expanding
construction sector and rapid urbanizationin the region.
Major players operating inthe global cladding systems market include Tata Steel
Limited (India), Etex Group (Belgium), Alcoa Inc. (the U.S.), Compagnie DE Saint
Gobain SA (France), James Hardie Industries PLC (Ireland), Nichiha Corporation
(Japan), CSR Limited (Australia), Axiall Corporation (the U.S.), Boral Limited
(Australia), and Cembrit Holding A/S (Denmark).
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