Cladding systems refer to exterior wall coverings or cladding materials used in the construction of buildings to provide protection, insulation, and aesthetic appeal. These systems are designed to shield the building’s structure from external elements such as rain, wind, sunlight, and temperature fluctuations. Cladding materials can vary in composition and appearance, ranging from traditional options like brick, stone, and wood to modern materials such as metal panels, glass, fiber cement, and composite materials. The choice of cladding system depends on factors like architectural design, climate conditions, energy efficiency requirements, and budget considerations.
The cladding systems industry is projected to grow from USD 234.1 billion in 2021 to USD 306.9 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. Demand for cladding systems market can be attributed to the high growth of the construction industry across the globe. Factors such as increasing residential and non-residential construction and infrastructure activities, and its high durability drives the demand for cladding systems.
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The cladding systems market has been dominated by large players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Cembrit Holding A/S (Denmark), Louisiana Pacific Corporation (US), and Kingspan PLC (UK). These players have adopted various growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.
The strategies of expansions, acquisitions, and new product launches together accounted for the largest share of all the strategic developments that took place in the cladding systems market between 2016 and 2021. Key players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland) adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cladding systems market.
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Compagnie de Saint-Gobain S.A. is one of the key industrial groups at a global level. It designs, manufactures, and supplies materials, as well as solutions for transportation, building, infrastructure, and industrial applications. The company operates through its four business segments, namely, building distribution, construction products, innovative materials, and others. Its innovation material segment includes flat glass and high-performance materials. Its construction products segment includes two solutions— interior and exterior solutions. The interior solutions comprise of insulation and gypsum products, whereas the exterior solutions consist of pipes, industrial mortars, and exterior products. The company has a strong foothold across the globe with operations in 67 countries along with eight research centers worldwide.
Arconic focuses on the engineering and production of lightweight metals. It was formed as a result of the spun-off of Alcoa Inc. (US), in November 2016, which separate into two independent public companies. The company has three business segments, namely rolled products, building & construction systems, and extrusions, engineered products and solutions, global rolled products, and transportation and construction solutions. The company’s wide product portfolio serves applications in aerospace, automotive, commercial transportation, building & constructions, industrial solutions, energy as well as in defense and space. It provides aluminum and metal composite panels for exterior cladding. The company has around 2,476 patents, globally (granted as well as pending). It operates in 25 countries altogether and is present in 151 locations, globally. Addition to this, it has sales and administrative offices and distribution centers in 13 locations worldwide.
The Asia-Pacific region accounts for a larger share of the cladding systems market. This market prominence is attributed to several factors, including rapid urbanization, significant infrastructure development, and a booming construction industry in countries like China, India, Japan, and Southeast Asian nations.
As the region experiences robust economic growth and increased demand for commercial, residential, and industrial buildings, there is a rising need for durable, energy-efficient, and aesthetically appealing cladding systems. This has led to a surge in the adoption of various cladding materials and systems in the construction sector across Asia-Pacific.
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