cladding systems market Trends

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

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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148899031

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: