The growing commercial construction sector anticipated to boost the demand for rainscreen cladding system during the forecasted period. Rainscreen cladding is a unique method of over-cladding or cladding a building to offer weather protection for the building structure and fabric. Rainscreen cladding market has high growth prospects on account of technological innovations by market players to develop high-performance durable rainscreen cladding material. Moreover, the growing construction industry in developing economies such as India, China, Japan, and others expected to fuel the market growth.According to AMA, the market for Rainscreen Cladding is expected to register a CAGR of 6.98% during the forecast period to 2024. This growth is primarily driven by Growth in Commercial Construction Sector and Higher Durability of the Rainscreen Cladding System.
Globally, a noticeable market trend is evident Increasing Application of Fibre Cement in Rainscreen Cladding System
. Major Manufacturers, such as Kingspan Insulation (United Kingdom), SIKA (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), SFS Group AG (United States), Sotech Architectural Façade (United Kingdom), Promat UK Ltd (United Kingdom), Interface (United States) and Cembrit (Denmark) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
18th April 2019, Cembrit launched new fibre cement cladding with a sandblasted surface to expand its product portfolio in the Rainscreen cladding market.
- Growth in Commercial Construction Sector
- Higher Durability of the Rainscreen Cladding System
- Increasing Application of Fibre Cement in Rainscreen Cladding System
- Growing demand for aesthetically appealing houses by consumers
- High Installation Cost
- Fluctuating Raw Material Prices
Emphasizing On Development of Sustainable Cladding Materials and Growing construction infrastructure in the Developing Economies
High Repairing Cost of the Rainscreen Cladding System
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