Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Key Trends and Developments

Growing usage of sustainable materials; aesthetic and design flexibility; growth of prefabrication and modular construction; and increased technological integration are the major trends impacting the cladding market

 

Jan 30th, 2024

Nichiha USA, based in Johns Creek, Georgia, announced the debut of new cladding colours and designs at the NAHB International Builders' Show.

 

Jan 30th, 2024

Vivalda Group has introduced MetSkin, a solid aluminium cladding system which is targeted for residential high-rise or municipal projects.

 

Jan 22nd, 2024

Brickability's acquisition of Topek Southern Ltd (TSL) in a deal worth up to £48 million signifies a strategic move to expand and strengthen its position in the cladding and roofing sector.

 

Jul 26th, 2023

The Cladding Safety Scheme (CSS) designed to provide financial assistance for the remediation of unsafe cladding on residential buildings was made accessible for eligible buildings taller than 11 meters located outside of London.

 

Growing usage of sustainable and eco-friendly materials

There is a growing demand for cladding materials that are sustainable, recyclable, and have a low environmental impact due to stricter environmental regulations.

 

Aesthetic and design flexibility through cladding solution

Architects and builders are seeking cladding solutions that offer a wide range of textures, colours, and finishes, allowing for creative and unique building designs.

 

Growth of prefabrication and modular construction

Prefabricated cladding panels that can be easily installed on-site are becoming more popular and this trend aligns with the broader move towards modular construction methods.

 

Increased technological integration into cladding for smart solutions

Smart cladding systems that can adapt to environmental conditions, such as responsive façades that change according to sunlight, temperature, or wind, are gaining traction.

 

One of the prominent trends in the cladding market is the growing demand for sustainable, recyclable, and low-impact cladding materials. Governments worldwide are implementing stricter regulations to reduce the environmental footprint of the construction sector, one of the largest contributors to global carbon emissions. These regulations often mandate the use of materials with lower carbon footprints, higher energy efficiency, and reduced waste. Cladding materials are a significant part of these considerations, as the exterior envelope of a building plays a crucial role in its overall environmental impact.

 

In January 2024, Nichiha USA, a cladding manufacturer based in Georgia, announced the debut of new cladding colours and designs at NAHB (National Association of Home Builders) International Builders' Show. The introduction of new colours and designs in cladding by Nichiha USA signifies the company's commitment to innovation and meeting the evolving aesthetic and functional needs of the construction sector, as such innovations can support new trends in building design and offer architects and builders more options to fulfil their creative and practical objectives.

 

Cladding Market Report Snapshots

Cladding Market Size

Cladding Market Trends

Cladding Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 5.30% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 159.50 billion by 2032.

The major drivers of the industry, such as the increased residential and non-residential constructions,  growing demand for enhanced moisture management, fire resistance, thermal resistance, and soundproof cladding systems, and increased government investments in green building projects, are expected to aid the market growth.

The key trends aiding the market include growing usage of sustainable materials, aesthetic and design flexibility, growth of prefabrication and modular construction, and increased technological integration.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types include steel, aluminium, composite materials, fibre cement, terracotta, and ceramic, among others.

The significant applications include residential, industrial, commercial, offices, and institutional, among others.

The major players in the market are Kingspan Insulated Panels, Inc., GB Architectural Cladding Products Ltd., Carea Ltd., CGL Systems Ltd., and Rockwool International A/S, among others.

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