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Demand for improved moisture management and energy efficiency in project exteriors is increasing, especially among key construction industry participants such as architects and designers. The cladding industry growth is expected to be driven by a growing shift towards shielding exterior walls and the increased construction of non-residential buildings, such as offices and institutions, in both developed and emerging economies. The investments in lightweight and energy-efficient exterior panels in industrial and residential buildings are being encouraged by the implementation of stringent green building laws and codes such as LEED certification and others. The institutional segment is projected to expand due to increased investment in the construction of educational and healthcare facilities. Exterior walls in schools and colleges need low-cost thermal insulation and impact resistance, as well as regular repair and maintenance services, which are made easier by such panels.
The demand for educational, industrial, and official spaces is expected to increase in developing economies of the Asia Pacific and Latin America. The construction of advanced healthcare facilities and the growth of the medical tourism sector, especially in Asia, would drive up construction spending, further boosting the demand for façade panels. Some of the leading players in the industry are Arconic Corporation (NYSE: ARNC) and Compagnie de Saint Gobain SA (EPA: SGO).
Compagnie de Saint Gobain, commonly known as Saint-Gobain, is a French multinational company, which is known for its mirror and glass production primarily, as well as for their construction materials. The company recently invested in Brüggemann, a German company offering timber construction solutions. This is expected to positively impact their cladding scales of operation and technologies. This makes cladding a viable sector to invest in, for the forecast period, due to the long-term investments made by major companies.
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The major players in the global cladding market are Arconic Corporation, Kingspan Group, GB Architectural Cladding Products Ltd., Compagnie de Saint Gobain SA, Middle East Insulation LLC, and Avenere Cladding LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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