The architectural cladding is substances that are designed to utilize and shield various structures placed at exteriors and creating a protective layer over surface that are same as exterior wall. It is a protection that designed to encompass or coat over the outside of a building. It also protects against the key elements and shields that are against environmental conditions. These sheets not only protect the structural integrity of building, but also serve a unique opportunity to expressed style and making a statement.
According to study, “Global Architectural Cladding Systems Market to reach USD XX billion by 2026” the key companies operating in the global architectural cladding market are Tata Steel Ltd., Arconic, Kingspan Group Plc, DuPont Chemicals company Saint-Gobain S.A., Etex Group, James Hardie Industries, Boral Limited, CSR Building Products Pvt. Ltd., Nichiha USA, Inc. The key market players are now directing towards the new product development, mergers & acquisitions (M&A), strategic partnerships, and business expansions to defend the market share.
Based on type, architectural cladding market is segmented as exterior cladding and interior cladding. Based on function, market is segmented as insulation, precipitation control, air & vapor control, movement joints & crack control and others. Based on material, market is segmented as ceramic, wood, brick & stone, stucco & EIFS, metal, fiber cement, vinyl and others (concrete and weatherboard). Metal cladding segment holds major share in global market as it is highly durable and aesthetically pleasant. Moreover, they can be fully recycled and are eco-friendly. Vinyl segment is estimated to exhibit substantial growth rate due to easy availability and low cost of vinyl during the forecast period. Based on application, market is segmented as walls, roofs and others. In addition, based on end-use, market is segmented as residential and non-residential. Residential segment dominates the market because of increase in investments to develop affordable housing schemes in emerging economies of Latin America and Asia Pacific. Additionally, the non-residential segment is anticipated to depict higher CAGR caused by growth in requirement for innovative infrastructure & replacement of old infrastructure, especially in developing countries during the forecast period.
The architectural cladding market is driven by rise in construction & infrastructure activities, followed by growth in construction sectors, increase in non-residential construction and infrastructure activities, rise in demand for sustainable cladding materials. However, high cost of raw material and installation may impact the market.
Based on geography, the North-American region is the significant region in global architectural cladding market owing to increase in popularity of prefabricated buildings in the region. Whereas, the Asian-Pacific and European regions are anticipated to exhibit highest growth rate due to rebound in its residential and non-residential construction sector and rise in availability of raw materials over the forecast period. In near future, it is projected that the global architectural cladding market will be reached at rapid pace on account of growth in development of more efficient building technologies using automated production and installation processes coupled with surge in popularity of pre-fabricated buildings & integration of building information modeling (BIM) technology during the forecast period.
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Ankur Gupta, Head Marketing & Communications