GITNUX MARKETDATA REPORT 2024

Cladding Systems Industry Statistics

The cladding systems industry is experiencing steady growth globally, driven by increasing construction activities and a growing focus on energy efficiency and sustainability.

Highlights: Cladding Systems Industry Statistics

  • The global cladding systems market size was valued at $224.4 billion in 2019.
  • The cladding systems market is projected to grow at a CAGR of 5.9% from 2020 to 2025.
  • The North American region is expected to dominate the cladding systems market until 2025.
  • Ceramic cladding systems hold the largest share in the cladding systems market.
  • Europe accounts for over 30% share in the cladding systems market.
  • Vinyl material accounted for over 47% of the cladding systems market share in 2018.
  • The demand for recladding works in buildings in Australia is expected to reach $1.4 billion by 2023.
  • In 2019, the Asia-Pacific region accounted for the highest share in the cladding market.
  • The global demand for cladding systems is expected to reach 326,800 Thousand Sq.m by 2029.
  • Fiber cement material segment is projected to reach $21.2 billion by 2026.
  • Approximately 30% of new U.S. single-family homes use vinyl siding.
  • Aluminum cladding holds a share of 7% in the cladding market.
  • Residential construction accounts for more than 58% of total cladding market share.
  • Commercial applications in the cladding systems market are expected to witness a 5.7% CAGR from 2019 to 2026.
  • Stonework cladding is expected to reach a 2.2% CAGR from 2020 to 2027.
  • In 2018, Terra-cotta cladding held around 35% share in the India market.
  • The market for metal cladding in the UK is expected to register a growth rate of 6.5% during the forecast period, 2021-2026.
  • The market in the Middle East and Africa is expected to register a CAGR of 3.1% during the forecast period (2022-2027).

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As a vital component in the construction industry, cladding systems play a crucial role in enhancing the aesthetic appeal, durability, and energy efficiency of buildings. Understanding the latest statistics and trends in the cladding systems industry is essential for stakeholders to make informed decisions and stay competitive in the market. In this blog post, we will delve into key statistics and insights shaping the cladding systems industry, providing valuable information for industry professionals and enthusiasts alike.

The Latest Cladding Systems Industry Statistics Explained

The global cladding systems market size was valued at $224.4 billion in 2019.

The statistic indicates that the total value of the global cladding systems market in 2019 was $224.4 billion. This value encompasses the sales revenue generated by companies involved in the manufacturing, distribution, and installation of various types of cladding systems used in construction activities worldwide. Cladding systems are exterior finishes applied to buildings to provide protection, insulation, and aesthetic enhancement. The size of the market reflects the scale of demand for cladding solutions in the construction industry, showcasing the importance of these systems in modern building design and construction practices globally.

The cladding systems market is projected to grow at a CAGR of 5.9% from 2020 to 2025.

The statistic indicates that the cladding systems market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 5.9% over the period from 2020 to 2025. This implies that the market is anticipated to increase steadily at an average annual rate of 5.9% during these five years. A CAGR provides a clearer understanding of the growth trajectory of a market compared to simple annual growth rates, as it takes into account the compounding effect over time. This projection suggests a positive outlook for the cladding systems industry, indicating potential opportunities for growth and expansion in the coming years.

The North American region is expected to dominate the cladding systems market until 2025.

This statistic indicates that the North American region is projected to hold a significant share of the cladding systems market up to the year 2025. This dominance suggests that North America is anticipated to have a high demand for cladding systems compared to other regions, potentially due to factors such as urbanization, infrastructure development, and a strong construction industry. This could be driven by various factors such as favorable economic conditions, population growth, and technological advancements in the construction sector. As a result, companies in the cladding systems industry may focus their strategies and resources on capturing opportunities in the North American market to capitalize on this projected dominance.

Ceramic cladding systems hold the largest share in the cladding systems market.

The statement implies that among various types of cladding systems available in the market, ceramic cladding systems have the highest market penetration or market share. This suggests that ceramic cladding systems are in high demand and are preferred by consumers compared to other types of cladding systems. This can be attributed to factors such as durability, aesthetics, performance, or cost-effectiveness of ceramic cladding systems over competitors in the market. As a result, manufacturers and suppliers of ceramic cladding systems are likely to benefit from this market dominance and may continue to invest in improving and expanding their ceramic cladding product offerings to meet the demand.

Europe accounts for over 30% share in the cladding systems market.

The statistic “Europe accounts for over 30% share in the cladding systems market” indicates that the European region holds a substantial portion of the market for cladding systems, which are building materials used to cover the external walls of buildings. The fact that Europe’s market share exceeds 30% implies that it is a significant player in the industry, likely due to factors such as high demand for construction and renovation projects, advanced technological development in the sector, or strong regulatory requirements for energy efficiency and building aesthetics. This statistic suggests that Europe is a key region to consider for companies operating in the cladding systems market, both in terms of potential business opportunities and competitive landscape.

Vinyl material accounted for over 47% of the cladding systems market share in 2018.

The statistic suggests that, in 2018, the cladding systems market was dominated by vinyl material, with it holding a substantial market share of over 47%. This indicates that vinyl material was the preferred choice for cladding among consumers and industry professionals during that time period. The high market share demonstrates the popularity, demand, and potentially the advantageous properties of vinyl material for cladding applications. This information is valuable for businesses and stakeholders in the cladding systems industry to understand the market dynamics and trends, and to make informed decisions about product development, marketing strategies, and investment opportunities.

The demand for recladding works in buildings in Australia is expected to reach $1.4 billion by 2023.

The statistic indicates that the demand for recladding works in buildings in Australia is projected to grow significantly, reaching a total value of $1.4 billion by the year 2023. This suggests a rising need for recladding services due to factors such as building deterioration, safety concerns, regulatory requirements, or aesthetic upgrades. The increase in demand for recladding works may be driven by a combination of population growth, urban development, aging infrastructure, and changing building standards. This statistic provides insights into the potential growth opportunities in the construction and building industry in Australia, with a specific focus on recladding services.

In 2019, the Asia-Pacific region accounted for the highest share in the cladding market.

The statement “In 2019, the Asia-Pacific region accounted for the highest share in the cladding market” indicates that, in that specific year, the Asia-Pacific region had the largest portion of market sales or revenue within the cladding industry compared to other regions globally. This suggests that the demand for cladding materials and services was particularly strong in the Asia-Pacific region during 2019, potentially driven by factors such as rapid urbanization, increasing construction activities, economic growth, and evolving architectural trends in the region. The statistic highlights the region’s significance in the cladding market and may have implications for industry players, investors, policymakers, and other stakeholders interested in this sector.

The global demand for cladding systems is expected to reach 326,800 Thousand Sq.m by 2029.

The statistic indicates that the worldwide demand for cladding systems is projected to increase significantly, with an expected total of 326,800 thousand square meters by the year 2029. This suggests a growing preference for cladding systems in construction and architectural projects globally. The rise in demand may be driven by factors such as urbanization, increasing construction activities, and a focus on sustainable and aesthetic building designs. This statistic serves as a valuable insight for industries involved in manufacturing and supplying cladding systems, signaling potential opportunities for growth and expansion in the market in the coming years.

Fiber cement material segment is projected to reach $21.2 billion by 2026.

The statistic indicates that the fiber cement material segment is expected to grow significantly, reaching a value of $21.2 billion by the year 2026. This projection suggests a notable increase in demand and usage of fiber cement materials in various industries such as construction, infrastructure, and manufacturing. The growth in this segment may be attributed to the material’s durability, sustainability, and versatility, making it a popular choice for a wide range of applications. The projected value also reflects the anticipated market trends, consumer preferences, and economic factors that are driving the growth of the fiber cement industry towards the specified timeframe.

Approximately 30% of new U.S. single-family homes use vinyl siding.

The statistic that approximately 30% of new U.S. single-family homes use vinyl siding represents the proportion of newly built single-family homes in the United States that incorporate vinyl siding as the primary exterior material. This statistic signifies the popularity and widespread use of vinyl siding in the construction of residential buildings across the country. Vinyl siding is favored for its durability, low maintenance requirements, affordability, and versatile design options, making it a popular choice among homeowners and builders alike. The 30% figure provides insight into the market share and preferences within the housing construction industry, highlighting vinyl siding as a significant player in the market for exterior building materials.

Aluminum cladding holds a share of 7% in the cladding market.

The statistic “Aluminum cladding holds a share of 7% in the cladding market” indicates that out of all types of cladding materials available in the market, aluminum cladding accounts for 7% of the total market share. This means that a significant portion of the cladding market is dominated by materials other than aluminum, as the remaining 93% is comprised of different types of cladding such as vinyl, wood, brick, and composite materials. The 7% share held by aluminum suggests that it is a relatively popular choice among consumers and builders for use in cladding applications, likely due to its durability, lightweight properties, and aesthetic appeal.

Residential construction accounts for more than 58% of total cladding market share.

The statistic indicates that within the cladding market, residential construction projects collectively represent over 58% of the total market share. This suggests that a significant majority of cladding materials are being utilized in the construction of residential buildings compared to other types of structures, such as commercial or industrial buildings. This information is valuable for manufacturers and suppliers in the cladding industry as it highlights the strong demand for cladding products in residential construction, potentially influencing their marketing strategies and product development efforts to cater to this particular segment of the market.

Commercial applications in the cladding systems market are expected to witness a 5.7% CAGR from 2019 to 2026.

The statistic “Commercial applications in the cladding systems market are expected to witness a 5.7% compound annual growth rate (CAGR) from 2019 to 2026” indicates that the use of cladding systems in commercial properties is projected to grow at an average rate of 5.7% each year during the specified time period. This growth rate serves as a qualitative measure of the expansion of commercial applications for cladding systems and suggests a consistent upward trend in demand for these products over the next few years. This statistic provides valuable insights for stakeholders in the cladding industry to make informed decisions regarding investments, market strategies, and product development to capitalize on this expected growth.

Stonework cladding is expected to reach a 2.2% CAGR from 2020 to 2027.

This statistic means that the market for stonework cladding, which involves covering a building’s exterior with stone materials for decorative or protective purposes, is projected to experience a Compound Annual Growth Rate (CAGR) of 2.2% from the year 2020 to 2027. This indicates that the demand for stonework cladding is anticipated to increase gradually over this period. A CAGR of 2.2% suggests a relatively modest but consistent growth trend in the market, reflecting a stable and potentially lucrative opportunity for businesses operating in the stonework cladding industry.

In 2018, Terra-cotta cladding held around 35% share in the India market.

The statistic ‘In 2018, Terra-cotta cladding held around 35% share in the India market’ indicates that Terra-cotta cladding accounted for approximately 35% of the market share for cladding materials in India in the year 2018. This suggests that Terra-cotta cladding was a significant player in the market during that time period, potentially signifying a preference for this material among builders, architects, or consumers in India. Understanding the market share of Terra-cotta cladding provides valuable insight into the competitive landscape and popularity of different cladding materials within the construction industry in India.

The market for metal cladding in the UK is expected to register a growth rate of 6.5% during the forecast period, 2021-2026.

The statistic indicates that the market for metal cladding in the UK is projected to experience a growth rate of 6.5% from 2021 to 2026. This suggests a positive trend in the demand for metal cladding products within the construction industry during the forecast period. Factors such as increased construction activities, renovation projects, and the emphasis on sustainable building materials may contribute to this growth. Stakeholders in the metal cladding industry can use this statistic to strategize and capitalize on the anticipated market expansion over the next five years.

The market in the Middle East and Africa is expected to register a CAGR of 3.1% during the forecast period (2022-2027).

In this statistic, the Compound Annual Growth Rate (CAGR) of 3.1% indicates the projected growth rate of the market in the Middle East and Africa over the forecast period from 2022 to 2027. The CAGR is a measure of the average annual growth rate of an investment or market over a specified period of time, in this case, five years. A CAGR of 3.1% suggests that the market is expected to steadily increase at this rate each year over the forecast period. This growth rate can be used to assess the potential opportunities and trends in the market and provide insights for businesses, investors, and policymakers operating in the Middle East and Africa region.

References

0. – https://www.www.grandviewresearch.com

1. – https://www.www.statista.com

2. – https://www.www.futuremarketinsights.com

3. – https://www.www.vinylsiding.org

4. – https://www.www.constructioninfocus.com.au

5. – https://www.www.mordorintelligence.com

6. – https://www.www.globenewswire.com

7. – https://www.www.gminsights.com

8. – https://www.www.marketsandmarkets.com

9. – https://www.www.alliedmarketresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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