cladded exterior walls

Cladding Systems Market Projected Worth of $347.7 billion by 2028, at a CAGR of 5.2%

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The report "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Type, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028", is projected to grow from USD 268.4 billion in 2023 to USD 347.7 billion by 2028, at a CAGR of 5.2% from 2023 to 2028.

In many urban areas, there is a need for redeveloping existing buildings to meet modern standards and improve energy efficiency. Cladding systems offer a practical solution for retrofitting projects, allowing the transformation of old structures into visually appealing, well-insulated, and sustainable buildings. The increasing focus on urban renewal and retrofitting initiatives contributes to the growth of the cladding systems market.

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By material, Stucco & EIFS account for the fastest growing material during the forecast period

Emerging Trends in Cladding Systems: Aesthetics, Sustainability, and Performance| MarketsandMarkets™

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Cladding systems are a sort of building envelope that employs panels or boards composed of a range of materials, including metal, vinyl, wood, composite materials, and stone. These panels are intended to protect the exterior of a structure from the weather while also making it more aesthetically beautiful. Cladding systems can also be used to provide insulation and improve acoustic performance.

According to a research report "Cladding Systems Industry by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026" published by MarketsandMarkets. The global cladding systems market size is estimated to be USD 234.1 billion in 2021 and is projected to reach USD 306.9 billion by 2026, at a CAGR of 5.6% during the forecast period.

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The cladding systems market encompasses a variety of materials used for exterior cladding applications in construction. These materials provide protection, insulation, and aesthetic appeal to buildings. Here are the different materials commonly used in cladding systems:

Cladding Systems Market to Grow at a CAGR of 5.6% by 2026- Exclusive Report by MarketsandMarkets™

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The "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026" research report from MarketsandMarkets states as much. The size of the global market for cladding systems is anticipated to be USD 234.1 billion in 2021 and to increase to USD 306 billion by 2026, at a CAGR of 5.6% over the forecast period. The increased infrastructure and building activities occurring globally have been a major factor in the market's rapid rise. These systems not only defend the structure but also improve its beauty. The market for external cladding systems is anticipated to rise with the recovery in commercial construction. But considerations like expensive installation and raw material costs as well as high repair times and costs could restrain the development of this market.

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Cladding Systems Market Estimated to Cross US$ 306.9 Billion by 2026| MarketsandMarkets™ Report

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According to a research report "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Use, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026" published by MarketsandMarkets, the cladding systems market 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. The cladding systems market is expected to grow in accordance to the growth of construction industry across the globe. Factors such as increase in the residential and commercial construction and infrastructure activities, along with the demand for durability of cladding systems with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.

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In terms of volume, the ceramic segment is estimated to lead the cladding systems market in 2020.