Dublin, Aug. 04, 2020 (GLOBE NEWSWIRE) — The “Global Cladding Market: Growth, Trends and Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com’s offering. The rise in infrastructure and construction activities in both residential and non-residential spaces all over the globe are the main factors driving the growth of the cladding market.Stringent government regulations, green buildings regulations, and codes such as LEED certifications are also propelling the investments in lightweight and energy-efficient market cladding systems in residential and non-residential buildings.Demand for fire resistance, thermal resistance, water resistance, soundproof cladding systems are growing in the market. Innovative eco preferred cladding materials are preferred in the market as a consumer is becoming more environmentally concerned. The high cost of the cladding system and materials may restrain the growth of the market.Customers in the market are opting for vertical gardens on their exterior walls to create a sustainable, yet attractive look. This is further leading to the development of artificial green walls with a natural look and reduces the need for watering and maintenance.Key Market TrendsConcrete Materials for Cladding Have Dominated the Market, Fiber Cement Category to Grow the Fastest Over the Forecast PeriodConcrete material is forecast to remain popular in the market accounting for a larger market share among the materials. Among which the fiber cement cladding is expected to grow fastest. Fiber cement material is a low cost, durable and is easy to maintain. Fiber cement cladding can also be installed in a region with extreme weather conditions. The cladding can be expanded and contracted due to its unique composition. The fiber attached to cement provides strength to the material, also prevents cracks on the surface. It is also seen as a replacement of concrete/cement as the later had a carcinogenic effect on human health.Asia-Pacific Expected to Grow the Fastest, North America Dominates the MarketNorth America dominates the market because of its capital intensive industry and availability of skilled labor in the market. Demand in the North America region is driven primarily from housing market growth. However, the Asia-Pacific market is expected to grow fastest due to strong demand from developing economies such as China and India. The other factors driving the market are increasing construction in the region along with the availability of cheap raw material, labor, and sophisticated technologies in the market.Competitive LandscapeThe market is competitive in nature with various regional players present in the market. Very few companies are present at the global level. Players are innovating new cladding materials in order to meet the different demands in the market. For instance, Saint-Gobain SA is innovating cladding material segment of flat glass and high-performance materials. The interior solutions comprise of insulation and gypsum products, whereas, the exterior solutions consist of pipes, industrial mortars, and exterior products. Companies are adopting acquisition and merging strategies to gain the market share.Key Topics Covered1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY2.1 Analysis Methodology2.2 Research Phases3 EXECUTIVE SUMMARY4 MARKET INSIGHTS4.1 Market Overview4.2 Market Drivers4.3 Market Restraints4.4 Value Chain Analysis4.5 PESTLE Analysis4.6 Porter’s Five Forces Analysis4.7 Insights on Trends in Construction and Cladding Market4.8 Insights on Impact of COVID-19 on the Market4.9 Insights on Government Regulations in the Market4.10 Insights on Technological Disruptions in the Market5 MARKET SEGMENTATION5.1 By Material5.1.1 Metal5.1.2 Terracotta5.1.3 Fiber Cement5.1.4 Concrete5.1.5 Ceramics5.1.6 Wood5.1.7 Vinyl5.1.8 Others5.2 By Component Type5.2.1 Wall5.2.2 Roofs5.2.3 Windows & Doors5.2.4 Others5.3 By Application5.3.1 Residential5.3.2 Non-Residential5.4 By Geography5.4.1 North America5.4.2 Europe5.4.3 Asia-Pacific5.4.4 South America5.4.5 Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Market Concentration Overview6.2 Megers and Acquisitions6.3 Company Profiles6.3.1 Arconic6.3.2 Tata Steel Ltd.6.3.3 Compagnie de Saint Gobain SA6.3.4 Etex Group6.3.5 Kingspan Group6.3.6 James Hardie Industries PLC6.3.7 Boral Limited6.3.8 CSR Building Products6.3.9 Nichiha Corporation,6.3.10 Cembrit Holding A/S6.3.11 DowDuPont7 FUTURE AND OPPORTUNITIES IN THE MARKET For more information about this report visit https://www.researchandmarkets.com/r/p7ljh9
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