Cladding Systems Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material Type (Steel, Aluminum, Zinc, Copper, Plastic Panels, Stucco & EIFS, Terracotta, Fiber Cement, Natural Stones, and Others), By Application (Walls, Roofs, and Others), By Cladding Type (Curtain Walling, Sandwich Panels, Patent Glazing, Rain Screens, Metal Profile Cladding, Brick Slips, Tile Hanging, Others), By End Use (Residential Buildings, Industrial Buildings, Commercial Buildings), and Region

Cladding Systems Market size was valued at US$ 223.5 billion in 2022 and is expected to grow at a 7.3% CAGR from 2023 to 2029. Cladding Systems are used in the final finishing of building exteriors. The cladding systems helps in protection from wind, rain, dust and other external factors. The cladding systems are mostly used for decorating the buildings and it is also considered to extend the lifespan of the building. The cladding systems provides cool environment inside the building thus helps in saving the energy regarding air conditioners. Increasing urbanization in the emerging countries and growing infrastructures and construction industry are expected to drive the growth of cladding systems market in the forecasted years. In addition, increasing population and increasing construction spendings, increasing industrial developments are expected to increase the demand for cladding systems and thus it is expected to boost the market growth over the forecasted period. The cladding system aids in energy saving in a building by decreasing the energy required for ventilation, air conditioning and heating thus increased demand for energy efficient construction is expected to have a positive impact on the cladding systems market over the forecasted period. Whereas, the use of metal and stone cladding systems in residential buildings are un economical and the inflammable nature of cladding systems has caused many incidences of fire accidents which is expected to hinder the growth of cladding systems market over the forecasted period. Furthermore, the rising demand for energy efficient buildings, rapid urbanization in the emerging countries and increasing construction sector are expected to provided opportunity to the key market players over the forecasted period.

Cladding Systems Market Key Developments:

• In May 2022, Etex framing company acquired Irish steel which expanded their business in Ireland and U.K.
• In September 2020, Compagnie de Saint-Gobain S.A acquired Strikolith to expand their business market in Netherlands.