The Global Rainscreen Cladding Market is expected to grow at a high CAGR of 7.5% during the forecasting period (2022-2029).
Rainscreen cladding is used to protect the buildings against rain and snow. It also improves the appearance of buildings, provides high weather & impact resistance as well as provides thermal insulation. Rainscreen is made from several façade materials of a wall built using the principle described earlier. The façade protects the outer barrier of the building from weather or manmade impacts.
Weather impact includes heavy wind, rain, high temperature and sunlight, while manmade impacts include snow pushed against the structure, water from sprinklers, flying debris and noise. Rainscreen cladding is provided to the exterior components of the buildings such as walls, windows, roofs etc to form rigidity and high strength to surfaces.
Rainscreen cladding is widely used for commercial, residential and industrial buildings for providing proper thermal insulation to the buildings from environmental impacting situations like rain, snowfall etc.
The global rain-screen cladding market growth is driven by high demands in the construction industry for providing innovation, retrofitting, remodelling, and maintenance activities on buildings along with government initiatives to build infrastructure projects.
High demands in the construction industry for providing innovation, retrofitting, remodelling, and maintenance activities on buildings
The growing demand for the construction industry for proper asthetic building, insulation and to protect from environmental impacts drives the growth of the rain-screen cladding market. According to WeForum Organization in 2019 report, total annual revenues from the construction industry are around US$ 10 trillion globally and the construction industry accounted for around 6% of global GDP. The industry is projected to grow to estimated revenue of around US$15 trillion by 2025. It created a massive demand for rain-screen cladding for improving asthetics, providing protection to the buildings against environmental effects.
Introduction of pre-engineered structures, growing demands of speedy project execution, with the surge in the infrastructure development investments
Further, rising infrastructure development projects with growing government initiatives for providing safe rain-screen cladding for the building and construction sector have propelled the rain-screen cladding market. For instance, in April 2020, The US Government allocated around US$ 400 million for four transit infrastructure development located in Arizona, Indiana, Missouri and New Jersey. The Government also allocated US$ 50.6 million for the Phoenix Northwest Extension Phase II Project. It created a massive demand for the rainscreen cladding market used in infrastructure development.
COVID-19 Impact Analysis
The global rain-screen cladding market has been drastically declined due to the COVID-19 pandemic, as several construction sectors have divested their investment and many countries were in the lockdown state. However, the market has gained its stake during May and June 2020 as several building and construction sites were began their works. As pandemic hit the construction industry adversely, the Indian construction industry has shown around 12-16% decline that is to nearly US$ 98.55 Billion (Rs 7.3 lakh crore) during the current fiscal year 2020. The demand will grow as soon as the pandemic will over and the construction sector investment will increase.
The global rain-screen cladding market is divided into a segment, material, construction type, end-user and region.
Drained & vented system segment of rain-screen cladding segment is expected to hold the largest market share
By system, the global rain-screen cladding market is segmented into Vented System, Drained & vented system and others. Among this, drained & vented system has the highest share in 2019, this is primarily due to its properties such as superior waterproofing, durability, thermal efficiency, condensation control etc. Several leading players are launching innovative facade systems for protecting the buildings against environmental impacts such as heavy rain, snow etc.
For instance, on 24th August 2020, Amico one of the leading manufacturers of building products, industrial and high-security perimeter solutions provider launched Hydro dry self-draining vented wall system. This innovative product of the drainage and ventilation cavity behind exterior walls has been patented which allows the wall to both vent and drain – which helps to extend its life by drying and creating continuous airflow throughout the wall cavity.
Similarly, the vented segment is also growing at a faster pace owing to its simple design, low cost and has sealant durability for waterproofing performance.
The composite Materials rainscreen cladding segment is expected to hold the largest market share
Based on the material, the global rain-screen cladding is bifurcated into high-pressure laminate, composite materials, terracotta, metal, fibre cement, ceramic and others. Among these, the composite materials segment has the highest market share for the global rain-screen cladding market owing to rising the high strength of the material and several leading players are launching advanced composite materials for manufacturing of the rainscreen cladding. As the composite material such as aluminium. Zinc, steel etc used to provide high flexural strength and maximum protection in severe weather conditions.
Similarly, terracotta, metal, fibre cement, ceramic segments are also growing at a faster pace owing to a surge in the demand for the protection of buildings against heavy rain and snow in the rainy and winter season around the globe.
The new construction rainscreen cladding segment is expected to hold the largest market share
Based on the construction type, the global rain-screen cladding market is divided into new construction and refurbishment. Among this new construction, tye has the highest share owing to rising consumer awareness about the rain-screen cladding which protects the buildings of commercial, residential and industrial sectors.
Residentials are expected to boost rain-screen cladding
By end-user, the rainscreen cladding market is segmented into residential, commercial, institutional and industrial. Among these, the residential segment accounted for the largest market share in 2019, due to rising incidences of chronic diseases and huge patient inflow in hospitals and diagnostic centres.
The residential application segment is expected to dominate the insulation market, with sales reaching a value of over US $36.3 billion by 2024. There is a rise in demand for slider strainers in hospitals and diagnostic laboratories to ease their workflow, enhance the performance by slide straining procedures in disease diagnostic applications.
In May 2018 the Department announced £400 million to fund remediation for high-rise residential buildings with unsafe ACM in the social housing sector. In May 2019 it announced that around a further £200 million would be made available for the remediation of equivalent buildings in the private sector.
Similarly, the commercial segment is also growing at a faster pace owing to rising consumer awareness and the surge in the launching of advanced technology-based cladding for commercial and residential spaces. For instance, on 29th Sept 2017, Notion launched Rainscreen Cladding for home and commercial space for walls, which provides insulation and protection as well as adds an aesthetic effect to the buildings.
Asia-Pacific region holds the largest market share global rain-screen cladding market
Asia-Pacific region is dominating the global rain-screen cladding market accounted for the largest market share in 2019, due to this due to rising population demand which leads to a surge in the demand for residential and commercial buildings construction. Rainscreen cladding demand has shown significant growth due to rising environmental severe conditions such as heavy rain, floods etc in the Asia-Pacific region.
During 2020, heavy rain has adversely impacted several countries in the Asia-Pacific region which created a massive demand for the rainscreen cladding to protect against heavy rain in this region. For instance, in June 2020, southern China has impacted severely due to heavy rain which affected millions of people, with dozens of casualties.
Similarly, the NorthAmerica region is also growing at the fastest pace for the growing demand for consumer spending on the infrastructure development projects in residential and commercial buildings due to cold weather in this region. Further rain-screen cladding market is also driven by growing awareness among consumers regarding regulatory policies to reduce greenhouse gas emissions and energy conservation are expected to have a positive impact on regional growth. Growth in the North American market is also impacted by rising government initiatives such as the Weatherization Assistance Program, which promotes rain-screen cladding for low-income households.
The global rain-screen cladding market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Promat UK Ltd, Interface, Etex Group, Cembrit Holding A/S, Kingspan Insulation, SIKA, Tata Steel Ltd, Boral Ltd, Rockwool International A/S, Everest Industries Limited, SFS Group AG, Sotech Architectural Façade, Architectural panel solutions limited, Avenere cladding LLC and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Rainscreen Cladding market globally. For instance, on 11th June 2019, Cupa Pizarras launched Cupaclad Design Arrow a new innovative rain-screen cladding concept for designing with natural slate.
Cladding is designed to inspire architects to build with a natural slate in an innovative and modern way. Further, on 16th July 2019, SFS, the leading provider of building envelope systems has recently launched its new generation NVF2F vertical cladding support system which enables floor-to-floor span rainscreen façades to install quickly.
Kingspan Group plc
Overview: Kingspan Group plc was founded in the year 1965 and headquartered in Kingscourt, Ireland. It is a building materials company based in Ireland trading in over 70 countries with over 100 factories employing some 14,000+ people.
Product Portfolio: Insulated panels and facades, Rainscreen Claddings, Insulation, Structural, Solar and Renewable Engineered Timber Systems, Access Floors, Wind Turbines, Septic Tanks are the various products of Kingspan group in the market.
The company has a diverse product portfolio of Rainscreen Cladding including:
Key Development: On 27th Sept 2019, Kingspan Group, one of the leading suppliers in high-performance insulation and building envelope solutions, launched a new business named Kingspan Facades designed to help architects enhance designs without compromising on technical performance.
Mergers and Acquisitions: In October 2017, Kingspan has acquired a 51% controlling share in the Brazilian company, Isoeste Construtivos Isotérmicos S.A. (Isoeste). Isoeste is the leading insulated panel manufacturer in Brazil with over 630 employees and operates on four separate sites.
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