North America Rainscreen Cladding Market Anticipated To Reach USD 63.34 Billion By 2030


 San Francisco, 11 March 2024: The Report North America Rainscreen Cladding Market Size, Share & Trends Analysis Report By Material, By Application (Residential, Commercial, Office, Institutional, Industrial), By Region, And Segment Forecasts, 2024 - 2030

The North America rainscreen cladding market size is anticipated to reach USD 63.34 billion by 2030 and it is anticipated to projected to grow at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The North American construction industry is witnessing significant growth owing to rising public and private investments in infrastructural development of transport, residential spaces, and commercial buildings. Factors such as the growing global population, rising per capita income in countries such as the U.S. and Mexico, and urbanization are fueling the construction of residential and non-residential spaces in North America. This, in turn, is expected to drive the demand for rainscreen cladding in the coming years.

Rainscreen cladding improves the aesthetics of the building while protecting it from heavy rainfall and high air pressure. Mostly, these walls would fail in operation owing to factors such as material degradation, unexpected building movements, and poor workmanship. The face-sealed and screen-drained cladding methods are the most widely used for modern construction projects as they completely envelope the building structure and don’t allow rainwater penetration to the interiors of the cladding. In general, rainscreen cladding structures have many technological advantages over formal methods. They offer promising growth to the sustainable construction initiative undertaken by various governments.

The technical innovations in structural components of rainscreen cladding systems resulted in lightweight materials including framework, panels, and insulation materials. Builders and architects focus more on these materials to reduce the overall weight of the structure. Vented systems, drained systems, and pressure-equalized systems are the types of rainscreen cladding structures that are designed for different applications in building protection. Modern open and ventilated rainscreen claddings offer diverse design opportunities to the architects in the same way in which they provide opportunities to the builders. Both the ventilated and the open rainscreen cladding systems are persistently exposed to various external environmental elements as well as internal moisture retained in the cavity. For this reason, it becomes essential that a secondary membrane, which can protect the structures beneath from air, UV radiation, and moisture for the long term, is required and installed.

Access Research Report of North America Rainscreen Cladding Market https://www.grandviewresearch.com/industry-analysis/north-america-rainscreen-cladding-market

North America Rainscreen Cladding Market Report Highlights

  • Based on material, terracotta material segment dominated this market with highest revenue share of 36.2% in 2023. Terracotta panels offer continuous insulation outside the primary wall and increase the thermal performance of a building. These panels are mortar-free and weatherproof, which, in turn, reduces maintenance costs over the lifespan of the building
  • Based on application, office application accounted for largest revenue share in 2023. Increasing awareness toward safety of building structures and employees is expected to drive this demand for rainscreen cladding systems, which offer acoustic and thermal insulation. The cladding systems used in this office application segment are highly insulated with fireproof panels. Fiber cement, terracotta, and ceramic panels are widely used for these types of constructions
  • The US market for rainscreen insulation is expected to show steady growth over the forecast period as a result of rising construction activities in the country. One of another main factors contributing to market growth is an increase in demand for energy-efficient construction solutions. The US market for rainscreen insulation is expected to show steady growth over the forecast period as a result of rising construction activities in the country. Another major factor driving market growth is increasing demand for energy efficiency solutions in buildings
  • Rainscreen cladding improves aesthetics of building structures while protecting it from heavy rainfall and high air pressure. Mostly, these walls would fail in operation owing to factors such as material degradation, unexpected building movements, and poor workmanship. Some of the key players operating in this market include ROCKWOOL International A/S, OmniMax International, SFS Group, James Hardie Building Products, TERREAL Group, and DuPont de Nemours, Inc
  • In April 2021, Proteus Facades announced its expansion into the U.S. rainscreen cladding market. Earlier this company operated in UK however owing to increasing production capabilities and demand for its façade systems, the company decided to expand its operations in U.S.

North America Rainscreen Cladding Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 42.26 billion

Revenue forecast in 2030

USD 63.34 billion

Growth rate

CAGR of 7.0% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the North America Rainscreen Cladding Market

  • Kingspan Group
  • ROCKWOOL International A/S
  • SFS Group
  • James Hardie Building Products
  • DuPont de Nemours, Inc.
  • Trespa International B.V.
  • Cladding Corp
  • Rieger Architectural Products
  • OmniMax International, Inc.
  • TERREAL Group

Access Press Release of North America Rainscreen Cladding Market @ https://www.grandviewresearch.com/press-release/north-america-rainscreen-cladding-market-analysis

 

Comments

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.