Wall Cladding Market By Type (Fiber Cement and Concrete, Ceramics, Metal, Wood, Others), By Construction Type (New Construction, Renovation), By End-user (Residential, Commercial and Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global wall cladding market was valued at $102.55 billion in 2022, and is projected to reach $168.12 billion by 2032, registering a CAGR of 5.1% from 2023 to 2032. Wall cladding is a type of facade or curtain wall system made of fiber cement and concrete, ceramics, metal, wood, and others. They are non-structural parts that are attached to the primary structure of the building that protect the walls and roof of the building from elements such as rain, wind, heat, and snow. In addition to its usage on the exterior profile of buildings, it is also used as an interior design element in many buildings.
The global population along with globalization is rising at a significant rate. Various organizations such as United Nations and The World Bank have estimated that the world population is expected to reach above 9.5 billion in 2050, from about 8 billion in 2022. This is anticipated to increase the demand for residential and commercial buildings across the world, especially in developing nations such as China, India, Brazil, and South Africa. Moreover, rise in tourism in countries, such as Singapore, Australia, Italy, and France, is anticipated to propel the demand for highly aesthetic and expansive wall cladding for hospitality buildings.
Furthermore, construction of public infrastructure such as airports and bus stops involve utilization of the wall cladding. However, fluctuation in raw material prices is expected to hinder market growth. Contrarily, an increase in construction of green buildings across various regions offers lucrative growth opportunities for the market player during the forecast period.
The wall cladding market is segmented on the basis of type, construction type, end user, and region. By type, the market is divided into fiber cement & concrete, ceramics, metal, wood, and others. By construction type, it is categorized into new construction and renovation. By end user, it is classified into residential and commercial & industrial. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa).
The major players that operate in the global market have adopted key strategies such as product launch, acquisition, and others to strengthen their market outreach, product portfolio and sustain the stiff competition in the market.
The key players profiled in the study include Alcoa Corporation, Arconic Architectural Products LLC, Compagnie de Saint Gobain SA, Etex Group, James Hardie Industries PLC, Nichiha Corporation, Rockwool Group, Swisspearl Group AG, Tata Steel Europe Limited and Westlake Chemical.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wall cladding market analysis from 2022 to 2032 to identify the prevailing wall cladding market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wall cladding market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wall cladding market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy End-userResidential
Commercial and Industrial
By TypeFiber Cement and Concrete
Ceramics
Metal
Wood
Others
By Construction TypeNew Construction
Renovation
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Chile
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
Nigeria
South Africa
Rest of Middle East And Africa
Key Market Players
Alcoa Corporation
Arconic Architectural Products LLC
Compagnie de Saint-Gobain.
Etex Group
James Hardie Industries plc
Nichiha Corporation
Rockwool group
Swisspearl Group AG
Tata Steel Europe Limited
Westlake Royal Building Products
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