Rainscreen Cladding Market Worth $14.3 Billion by 2024 – Exclusive Report by MarketsandMarkets – Yahoo Finance

CHICAGO, Nov. 25, 2019 /PRNewswire/ -- According to the new market research report "Rainscreen Cladding Marketby Material (Composite Materials, Metal, Fiber Cement, HPL), Construction (New Construction and Renovation), End-Use Sector (Non-residential and Residential), and Region - Global Forecast to 2024", published by MarketsandMarkets,the Rainscreen Cladding Market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a CAGR of 7.1% from 2019 to 2024.

MarketsandMarkets Logo

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145960571

Browse in-depth TOC on "Rainscreen Cladding Market"147 Tables 32 Figures 134 Pages View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/rainscreen-cladding-market-145960571.html

Rainscreen cladding market is expected to grow in accordance with the growth of the construction industry across the globe. Factors such as increase in the residential and non-residential construction and innovation as well as remodeling activities, along with the demand for durability of rainscreen cladding with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.

In terms of value and volume, the new construction segment is estimated to lead the rainscreen cladding market in 2019.

The new construction segment held the largest market share among all the construction of rainscreen cladding as it is affordable and is installed in regions having extreme weather conditions. It is a traditional glue-down cladding material which inherits several properties such as durability, flexibility, ease installation, and budget-friendly. The demand for the new construction segment is driving due to its properties, making it a preferred constructional type of rainscreen cladding for the residential as well as commercial application. The renovation segment is considered suitable for almost all applications such as builder, multi-family, residential, and commercial.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=145960571

In terms of volume, the non- residential segment leads the rainscreen cladding market in 2019.

Rainscreen cladding enhance the aesthetic appeal of a building, along with properties such as durability, comfort, and protection from extreme weathering has also driven the residential sector. Also, the rise in housing renovation and maintenance will further drive the demand for rainscreen cladding in the residential sector. The use of rainscreen cladding in residential buildings enhances the aesthetic appeal and provides durability and comfort. Rainscreen cladding is a non-structural, aesthetic layer or thin panel applied on the outer skin of the building that protects everything inside it from the external weather elements.

Europe region is projected to account for the largest share in the rainscreen cladding market during the forecast period

The Europe region is expected to lead the rainscreen cladding market in terms of both value and volume, from 2019 to 2024. Factors such as the increasing number of new housing units and huge investments in the infrastructural sector is expected to drive the rainscreen cladding market growth in the European region. Also, countries such as UK, Germany, France, Russia are considered to be developed markets in the construction sector as compared to the emerging markets such as Italy due to the tremendous growth of the construction opportunities in these countries has also driven the demand for rainscreen cladding .

Kingspan Insulation (UK), Sika (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), and Sotech Architectural Facade (UK) are key players operating in the Rainscreen Cladding Market. Expansions, acquisitions, partnerships, and new product developments are some of the significant strategies adopted by these key players to enhance their position in the rainscreen cladding market.

Get 10% Free Customization on this Report:

Story continues

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=145960571

Browse Adjacent Markets: Building and Construction Market ResearchReports & ConsultingRelated Reports :Cladding Systems Marketby Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use (Walls, Roofs), Application (Residential, Non-Residential), and Region - Global Forecast To 2023.

Facade Systems Marketby Type (EIFS, Curtain Wall, Siding, and Cladding), End Use (Residential and Non-residential), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Global Forecast to 2023

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Shelly SinghMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comResearch Insight: https://www.marketsandmarkets.com/ResearchInsight/rainscreen-cladding-market.aspVisit Our Website: https://www.marketsandmarkets.comContent Source: https://www.marketsandmarkets.com/PressReleases/rainscreen-cladding.asp

View original content:http://www.prnewswire.com/news-releases/rainscreen-cladding-market-worth-14-3-billion-by-2024--exclusive-report-by-marketsandmarkets-300964382.html

SOURCE MarketsandMarkets

Continued here:
Rainscreen Cladding Market Worth $14.3 Billion by 2024 - Exclusive Report by MarketsandMarkets - Yahoo Finance