The global cladding market is set to achieve around USD 111.1 billion by 2025. Cladding is any material that can be used to cover an exterior portion of a structure. Cladding protects against extreme environmental conditions and offers aesthetic appeal to a building.
In construction, materials such as aluminium, timber, terracotta, fiber cement, weatherboard, glass-reinforcement fibers, ceramic, vinyl panel, stone/bricks, and several composite materials are widely used for cladding.
Innovative technologies such as dichromic window films are used to protect the building exterior from UV rays. This product is easy to install and is cost-efficient when compared to other conventional structures. Artificial ‘green wall’ panels have been recently introduced due to increasing popularity of vertical gardens among consumers in the residential sector. It protects the exterior part of a building, looks attractive, and reduces maintenance cost. Terracotta panels are highly utilized in building in urban areas and these are decorative, frost-proof, non-inflammable and waterproof. Fiber cement panels resist fungi, mold, and bacterial growth and are ideal for ventilated, lightweight façades such as wall systems, balcony boards, and soffits.
“Traypanel”, developed by CGL Facades, is a ventilated façade panel system utilized as an exterior aesthetic element in multi-layer walls. This system ensures ventilation between the inner wall and panel and mainly provides protection against wind, water, and UV rays. The Traypanel is available in a variety of materials such as aluminium composite material, aluminium FF2, stainless steel, corten steel, copper, and zinc.
According to Grand View Research, Inc., growing construction expenditure for developing more efficient technologies and extensive use of advanced installation techniques are expected to boost the cladding market. Increasing use of lightweight materials to support energy saving in commercial as well as residential sectors is expected to drive the growth of industry during the forecast period (2014 to 2025).
However, the market is expected to face challenges due to high installation and maintenance costs. For example, outside sealant joints and flexible flashings need regular inspection and evaluation in extreme weather conditions. This may increase the risk of water/moisture retention and material failure, adding to overall costs.
The terracotta segment accounted for the largest market share in 2016. This material can be utilized in extreme weather conditions. Fiber cement will be the fastest growing product in future owing to increased mechanical strength. Ceramic cladding has a high demand in the residential sector as the product is non-inflammable, scratch-resistant, and easy to clean.
Asia Pacific is expected to remain the fastest growing regional segment owing to privatization in infrastructure development. North America is considered to be the next fastest growing market with increasing popularity of pre-fabricated structures and adoption of building information modelling (BIM) technology.
Increasing investments in formulating reasonably priced housing schemes in developing economies of Asia Pacific and Latin America is likely to drive growth in residential applications.
Prominent players operating in the market include Carea Ltd, Kingspan Insulation PLC, CGL Facades Ltd, Euramax, and GB Architectural Products Ltd.
In-Depth research report on Cladding Market:
http://www.grandviewresearch.com/industry-analysis/cladding-market
No comments:
Post a Comment