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Global Cladding Market: By Product Type: Steel, Aluminium, Composite Materials, Fibre Cement, Terracotta, Ceramic, Others; By Application: Residential, Industrial, Commercial, Offices, Institutional; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cladding Market Outlook
The global cladding market is estimated to witness a healthy growth in the forecast period of 2022-2027, expanding at a CAGR of 5.3% to reach USD 117 billion by 2026.
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Increasing Demand for Ceramic Cladding to Augment the Global Cladding Industry Growth
The ceramic cladding segment is predicted to possess a significant market share in terms of product type. The favourable characteristics of ceramic panels such as their hygienic composition, ease of cleaning, resistance to external weather conditions, and low maintenance requirements are anticipated to propel the market growth in the coming years. In addition, the material is also non-flammable and scratch-resistant, which is expected to increase its popularity in domestic applications. Moreover, the leading manufacturers are increasingly utilising advanced innovations such as exterior insulation finishing systems (EIFS) to improve the effectiveness of cladding systems, which is estimated to enhance the market in the coming years.
The Asia Pacific to Account for a Significant Market Share of the Global Cladding Industry
In the historical period, the Asia Pacific held a significant market share and is expected to witness a continued growth in the forecast period. This can be attributed to the considerable demand for cladding in growing economies such as China and India, due to increasing disposable incomes and improved living standards of consumers. In addition, the increased availability of cost-effective raw material and labour is anticipated to drive the market growth. Moreover, the rapid technological advancements are also predicted to propel the industry growth. Furthermore, the rising demand for residential, commercial, and industrial infrastructure is likely to bolster the market growth in the forecast period.
Cladding: Industry Definition and Segmentation
Cladding is a non-loadbearing skin or covering affixed to the outside or inside of a building. Wood, metal, plastic (vinyl), brick, and a growing number of composite materials are commonly used as cladding. In addition, cladding helps to synchronise the outer and interior environments of a building. Moreover, cladding is done according to the building's operational requirements.
By product type, the industry is segmented into:
- Steel
- Aluminium
- Composite Materials
- Fibre Cement
- Terracotta
- Ceramic
- Others
The market can be broadly categorised, on the basis of application, into:
- Residential
- Industrial
- Commercial
- Offices
- Institutional
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Investments in the Construction Sector to Bolster the Growth of the Cladding Industry
The rapid growth of the construction industry around the world is driving the demand for cladding. This can be attributed to the increased demand for residential and non-residential infrastructure caused by the increasing global population. In addition, its high durability and the ability to enhance the visual appeal of buildings are also predicted to propel the demand for cladding. Moreover, the growing need for improved moisture management, fire resistance, thermal resistance, waterproofing, acoustic cladding systems, and energy efficiency in building structures is anticipated to further the market growth in the coming years. Furthermore, the market expansion is predicted to be fuelled by the growing tendency towards protecting exterior walls across the globe. At the same time, the governments are also making investments in the production of lightweight and energy-efficient exterior panels for the construction of commercial buildings, which, in turn, is expected to aid the industry growth in the forecast period.
Key Industry Players in the Global Cladding Market
The report presents a detailed analysis of the following key players in the global cladding market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kingspan Insulated Panels, Inc.
- GB Architectural Cladding Products Ltd.
- Carea Ltd.
- CGL Systems Ltd.
- Rockwool International A/S
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, Region |
| Breakup by Product Type | Steel, Aluminium, Composite Materials, Fibre Cement, Terracotta, Ceramic, Others |
| Breakup by Application | Residential, Industrial, Commercial, Offices, Institutional |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand and Price |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kingspan Insulated Panels, Inc., GB Architectural Cladding Products Ltd., Carea Ltd., CGL Systems Ltd., Rockwool International A/S, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cladding Market Analysis
8.1 Key Industry Highlights
8.2 Global Cladding Historical Market (2017-2021)
8.3 Global Cladding Market Forecast (2022-2027)
8.4 Global Cladding Market by Product Type
8.4.1 Steel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Composite Materials
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Fibre Cement
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Terracotta
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Ceramic
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 Others
8.5 Global Cladding Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Industrial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Commercial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Offices
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Institutional
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.6 Global Cladding Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Kingspan Insulated Panels, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 GB Architectural Cladding Products Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Carea Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 CGL Systems Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Rockwool International A/S
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Cladding Market: Key Industry Highlights, 2016 and 2026
2. Global Cladding Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3. Global Cladding Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4. Global Cladding Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Cladding Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Cladding Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Cladding Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Cladding Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Cladding Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Cladding Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Cladding Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Cladding Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Cladding Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Cladding Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Cladding Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Cladding Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Cladding Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. North America Historical Price Trends and Forecast 2017-2027
19. Europe Historical Price Trends and Forecast 2017-2027
20. Asia Pacific Historical Price Trends and Forecast 2017-2027
21. Latin America Historical Price Trends and Forecast 2017-2027
22. Middle East and Africa Historical Price Trends and Forecast 2017-2027
23. Global Cladding Market Structure
Key Questions Answered in the Report
The global cladding market is projected to grow at a CAGR of 5.3% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 117 billion by 2026.
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 market trends guiding the growth of the industry include the rising investments in the construction industry fuelled by the increasing global population.
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 industry are Kingspan Insulated Panels, Inc., GB Architectural Cladding Products Ltd., Carea Ltd., CGL Systems Ltd., and Rockwool International A/S, among others.
The major players in the industry are Kingspan Insulated Panels, Inc., GB Architectural Cladding Products Ltd., Carea Ltd., CGL Systems Ltd., and Rockwool International A/S, among others.
Analyst Review
The global cladding market is being driven by the thriving construction industry. Aided by the increasing demand for exterior wall protection and the increased construction of non-residential infrastructure, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.3%. The market is projected to reach USD 117 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the industry can be segmented into steel, aluminium, composite materials, fibre cement, terracotta, and ceramic, among others. On the basis of application, the industry can be categorised into residential, industrial, commercial, offices, and institutional. The major regional markets for cladding are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kingspan Insulated Panels, Inc., GB Architectural Cladding Products Ltd., Carea Ltd., CGL Systems Ltd., and Rockwool International A/S, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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