Global Cladding Systems Market was valued at US$ 438.2Bn in 2017 and is expected to reach US$ 823.4Bn by 2026, at a CAGR of 8.2% during a forecast period.
Cladding system is used to give a final finish to the building exteriors. They aid to protect the building from rain, dust, snow, wind, and other external factors. Additionally, cladding systems serve decorative functions as well and make buildings visually appealing.
High-performance characteristics of the cladding system coupled with increasing construction activities around the world are expected to boost the market growth during the forecast period. High installation and maintenance costs are expected to restrain the cladding system market growth. Also, a shortage of raw material is also a major issue.
A rise in spending on the development of educational and healthcare buildings is expected to drive growth in the institutional segment. External walls in schools & colleges need thermal insulation & impact resistance at a low cost, with frequent repair or maintenance efforts, which is expedited by such panels.
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Scope of Global Cladding Systems Market
Global Cladding Systems Market, By Material
• Stucco & Eifs
• Brick & Stone
• Fiber Cement
Global Cladding Systems Market, By Component
Global Cladding Systems Market, By Application
Global Cladding Systems Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global Cladding Systems Market
• Compagnie De Saint Gobain S.A.
• Dowdupont Inc
• Tata Steel Limited
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