The Role of Cladding Systems in Enhancing Building1

The Role of Cladding Systems in Enhancing Building Durability and Protection| MarketsandMarkets™

Cladding systems are a sort of building envelope that employs panels or boards composed of a range of materials, including metal, vinyl, wood, composite materials, and stone. These panels are intended to protect the exterior of a structure from the weather while also making it more aesthetically beautiful. Cladding systems can also be used to provide insulation and improve acoustic performance.

According to a research report "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026" published by MarketsandMarkets. The global cladding systems market size is estimated to be USD 234.1 billion in 2021 and is projected to reach USD 306.9 billion by 2026, at a CAGR of 5.6% during the forecast period. 

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Stucco & EIFS segments hold a larger share by value for the cladding systems market in 2020

Both stucco and EIFS (façade Insulation and Finishing technologies) are cladding technologies used to improve the appearance and energy efficiency of a building's façade. In terms of market share, these two segments account for more than 60% of the total cladding systems market in terms of value. The potential of these cladding systems to provide greater insulation, reduce air penetration, and boost building performance has resulted in a considerable increase in demand in recent years. The growing trend towards green building and energy efficiency has aided the expansion of these areas. Furthermore, urbanization and the growing need for aesthetically pleasing structures have fueled the expansion of the cladding systems industry.

Wall cladding segment accounts for the largest share of the cladding systems market in 2020

The cladding systems market is dominated by the wall cladding sector. This is because wall cladding protects the building structure, lowers energy expenses, and improves the overall aesthetic appeal of the room. It also provides great sound and heat insulation, which makes it popular in business and residential structures. Other segments that contribute to the overall market share include roof cladding, external façade cladding, and internal cladding.

By volume, Non- Residential application accounts for a larger cladding systems market share in 2020

Non-residential applications are expected to account for a greater percentage of the global cladding systems market than residential applications. This is mostly due to increased demand for commercial and industrial building construction operations around the world. The growing need for warehouses, manufacturing plants, and other industrial buildings is likely to drive the growth of the non-residential cladding systems market. Furthermore, the growing trend of green buildings and sustainable construction is likely to boost the non-residential cladding systems market.

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Asia Pacific accounts for a larger share of the cladding systems market by volume and value, in 2020

In terms of volume and value, the Asia Pacific region is the largest contributor to the cladding systems market, accounting for around 43.6% of the global market in 2020. This is due to the region's high demand for cladding systems, which is being driven by the region's expanding construction industry and increased investments in infrastructure development. Furthermore, the region is seeing fast urbanisation, which is resulting in the development of residential and commercial buildings, driving demand for cladding systems even higher. Furthermore, growing consumer knowledge of the benefits of cladding systems, such as better insulation and fire resistance, is contributing to the region's market growth.

A few of the key players in the cladding systems market are Tata Steel Limited (India), Compagnie de Saint-Gobain S.A. (France), James Hardie Industries PLC (Ireland), DowDuPont (US), Arconic (US), Louisiana Pacific Corporation (US), Westlake Chemicals (US), Boral Limited (Australia), Etex Group (Belgium), Kingspan PLC (UK), CSR Limited (Australia), Cembrit Holding A/S (Denmark), Nichiha Corporation (Japan) and others.

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