The cladding systems market is driven by factors such as the increasing demand for energy-efficient buildings, growing urbanization, and the need for improved aesthetics in building designs. The market is also influenced by government regulations mandating the use of eco-friendly building materials and the rise in construction activities in emerging economies. However, the market faces challenges due to the high cost of cladding systems and the availability of alternative building materials. The ongoing COVID-19 pandemic has also impacted the market, leading to supply chain disruptions and reduced demand for new construction projects. Nevertheless, the market is expected to rebound in the coming years, driven by the growth of the construction industry and the increasing focus on sustainable and energy-efficient building materials.
Global Cladding Systems Market was valued at US$ 275.00 Bn in 2021 in terms of revenue, exhibiting a CAGR of 4.80% during the forecast period (2022 to 2030).
Key Players in the Cladding Systems Industry:
1. Arconic Corporation
Arconic Corporation is a US-based company that was founded in 2016 and is headquartered in Pittsburgh, Pennsylvania. The company operates in more than 20 countries and specializes in the production of aluminum and other lightweight metals for use in aerospace, automotive, and other industrial applications. In June 2021, Arconic announced the expansion of its portfolio of Reynobond® composite panels with the launch of Reynobond® A2 with EcoClean™ coating, a new cladding system with a self-cleaning and air-purifying surface.
2. Boral Limited
Boral Limited is an Australian-based company that was founded in 1946 and is headquartered in Sydney, Australia. The company operates in more than 20 countries and specializes in the production of building and construction materials, including clay and concrete roof tiles, bricks, and pavers. In February 2021, Boral announced the launch of its new engineered hardwood cladding system, which is designed to provide a durable and attractive finish for residential and commercial buildings.
3. CSR Limited
CSR Limited is an Australian-based company that was founded in 1855 and is headquartered in Sydney, Australia. The company operates in Australia and New Zealand and specializes in the production of building and construction materials, including plasterboard, fiber cement, and insulation products.
4. Compagnie de Saint-Gobain S.A.
Compagnie de Saint-Gobain S.A. is a French multinational company that was founded in 1665 and is headquartered in Courbevoie, France. The company operates in more than 70 countries and specializes in the production of building and construction materials, including glass, insulation, and gypsum products. In February 2021, Saint-Gobain announced the acquisition of Continental Building Products, a leading manufacturer of gypsum wallboard and finishing products, which are commonly used in cladding systems.
5. Etex Group
Etex Group is a Belgian-based company that was founded in 1905 and is headquartered in Brussels, Belgium. The company operates in more than 45 countries and specializes in the production of building and construction materials, including fiber cement products, plasterboard, and roofing materials.
6. DuPont
DuPont is a US-based company that was founded in 1802 and is headquartered in Wilmington, Delaware. The company operates in more than 70 countries and specializes in the production of a wide range of materials, including building and construction materials, such as insulation and roofing materials. In March 2021, DuPont announced the launch of its new Tyvek® FireCurb® Housewrap, a fire-resistant cladding system designed to provide additional protection against the spread of flames in building fires.
7. Hindalco Industries Limited
Hindalco Industries Limited is an Indian-based company that was founded in 1958 and is headquartered in Mumbai, India. The company operates in India and other countries and specializes in the production of aluminum and copper products, including building and construction materials.
8. Nichiha Corporation
Nichiha Corporation is a Japanese-based company that was founded in 1956 and is headquartered in Nagoya, Japan. The company operates in more than 20 countries and specializes in the production of fiber cement building materials, including siding, roofing, and flooring products.
9. Tata Steel Limited
Tata Steel Limited is an Indian-based company that was founded in 1907 and is headquartered in Mumbai, India. The company operates in more than 50 countries and specializes in the production of steel products, including building and construction materials, such as roofing and cladding systems.
10. Glen-Gery Corporation
Glen-Gery Corporation is a US-based company that was founded in 1890 and is headquartered in Wyomissing, Pennsylvania. The company operates in the US and Canada and specializes in the production of bricks and other masonry products for use in building and construction applications.
11. Kajaria Ceramics Limited
Kajaria Ceramics Limited is an Indian-based company that was founded in 1985 and is headquartered in New Delhi, India. The company operates in India and other countries and specializes in the production of ceramic tiles for use in building and construction applications.
12. Glittek Granites
Glittek Granites is an Indian-based company that was founded in 1990 and is headquartered in Bengaluru, India. The company operates in India and other countries and specializes in the production of granite and marble products for use in building and construction applications. In February 2021, Glittek Granites announced the launch of its new Cladstone™ range of engineered quartz panels, which are designed to provide a durable and low-maintenance solution for exterior wall cladding.
13. FunderMax
FunderMax is an Austrian-based company that was founded in 1890 and is headquartered in St. Veit an der Glan, Austria. The company operates in more than 30 countries and specializes in the production of high-pressure laminates and other building and construction materials.
14. Greenlam Industries Ltd.
Greenlam Industries Ltd. is an Indian-based company that was founded in 1994 and is headquartered in New Delhi, India. The company operates in India and other countries and specializes in the production of laminates and other decorative surfaces for use in building and construction applications.
*Definition- Cladding systems refer to the layer of material used to cover the exterior of a building, providing protection from weather elements and enhancing its aesthetic appeal. Cladding systems can be made from a variety of materials such as wood, metal, concrete, and composite materials.
