CLADDING SYSTEMS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Increasing emphasis on building envelope performance

With growing concerns about energy efficiency of the built environment, building envelopes have come under greater scrutiny. Insulation properties and air tightness are now major requirements that cladding systems are evaluated on. There is a rising focus on developing high-performance building envelopes capable of minimizing unwanted air leakage and heat transfer. This helps reduce energy costs of heating, ventilation, and air conditioning systems. Building codes and green building standards in numerous countries have also made provisions to mandate improved thermal insulation for wall assemblies. In order to meet these performance standards, builders have turned to technical cladding materials such as rainscreen assemblies, composite panels, and insulated metal panels (IMP). These solutions can enable building envelopes to achieve higher insulation values and air barriers when combined with insulation materials. The operational cost savings provided by energy-efficient cladding over the long run of a building drives its increased uptake.