Cladding systems are available in several materials and forms and are usually chosen on the basis of its aesthetics and cost-effectiveness. The main objective of cladding includes controlling the infiltration of weather elements and providing a durable, aesthetically pleasing appearance. In addition, it comprises fire resistance, thermal and sound insulation, and the capacity for cleaning in polluted, dusty, or vandal prone environments. The major factors driving the growth of the market include rising demand for metal cladding systems and a significant rise in the construction industry. For instance, according to the UK Parliament, in 2017, the construction sector contributed nearly $152.7 billion to the UK economy, representing 6% of total economic output. There were 1 million construction businesses in the UK in 2017. This significant rise in the construction industry has dramatically increased the demand for cladding systems in residential and non-residential applications. In addition, it is generally cost-effective and provides aesthetic appealing finish and protection to the underlying structure. Therefore, it is significantly adopted in the construction of buildings and homes.

The global cladding systems market is segmented on the basis of material and application. Based on material, the market is further classified into brick & stone, ceramic, wood, metal, vinyl, and others. Metal façade claddings are being significantly used in modern buildings. The most common metals used for this purpose include steel and aluminum façade claddings. Metals claddings are safe from water damage and are eco-friendly as well as do not fade. In addition, it requires less maintenance and is insect and fire resistant. Based on application, the market is further classified into residential and non-residential. Residential is anticipated to hold the major share in the application segment due to increasing demand for new residential construction coupled with significant demand for eco-friendly and cost-effective materials in residential construction.

Geographically, Asia-Pacific is estimated to hold a significant share in the market due to rapid growth in residential and non-residential construction coupled with increasing per capita income and the presence of multinationals in the region. Furthermore, government initiatives for green building construction are estimated to increase the growth of the market in the region. For instance, as per International Trade Administration, in 2014, the State Council Green Building Action Plan mandated that public buildings such as schools, hospitals, museums, stadiums, and affordable housing, as well as any single building area over 20,000 square meters, such as airports, railway stations, hotels, restaurants, shopping malls, offices, and other large public buildings, must meet the green building standards of China’s 3-Star Rating System GBEL (The Green Building Evaluation Label). Rising urbanization and increasing focus to conserve resources and reduce greenhouse gas emissions are encouraging China’s commitment to increase the green share of its large construction market. As a result, the demand for eco-friendly cladding systems is anticipated to grow significantly. Some major companies operating in the market include Saint Group, Tata Steel Ltd., ArcelorMittal S.A., and Etex Group.

Research Methodology:

The market study of the global cladding systems market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for cladding manufacturers, material manufacturing organizations, construction industry, potential investors and venture capitalist, and others for overall market analysis and competitive analysis. The report provides an in-depth analysis on market size, various products, and market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

• Global Cladding Systems Market Research and Analysis by Material
• Global Cladding Systems Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global cladding systems market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global cladding systems market.
• Insights about market determinants which are stimulating the global cladding systems market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.