Rainscreen Cladding Market: By Construction (New construction, Renovation), By Material (Composite Materials, Metal, Fiber Cement, HPL, Others), By End Use (Residential, Non-residential) and Geography  

Rainscreen Cladding Market size was valued at USD 135.8 billion in 2022 and is poised to grow at a CAGR of 7.3% from 2023-2029. Rainscreen cladding represents an add-on to the outer skin with a ventilated hollow given to an existing or new building infrastructure. The rainscreen cladding defends the exterior wall of a house from rainwater and evades it from piercing the interiors of the houses. The rise in the population and rapid urbanization interpreting to a large number of new building projects can lead to the rainscreen cladding market growth. Moreover, the increase in non-residential construction actions and the high sturdiness of rainscreen cladding systems are some primary factors that can boost the global rainscreen cladding market. Apart from these, the rise in the population and urbanization in developing countries can also accelerate the market in the future. The increasing rainscreen cladding market demand for shielding systems and enhancing the aesthetic appearance of a building can also drive the global market further. However, some factors such as the rise in the cost of raw materials and the installation process can restrain the growth of the market. The surge in the repairing prices can hinder the market growth. Companies should focus on fiber cement systems as the demand for the same is increasing rapidly which can create an opportunity for the global rainscreen cladding market growth. Moreover, the rising demand for maintainable cladding materials can provide lucrative opportunities.

Recent Market Key Developments:

• In March 2020, Rockfon announced a design agreement with AKUART to generate excellent room acoustics. In May 2020, ROCKWOOL Group acquired Parafon, an acoustic ceiling manufacturer.